[2019-07-01] Cabo Verde Investment Forum starts on the island of Sal

Source: Macauhub

The Cape Verdean island of Sal from Monday until Wednesday will host the Cabo Verde Investment Forum, a platform to facilitate business, enable partnerships and raise funds for the private sector, according to official information.

Under the motto “Transforming Cabo Verde into a platform country in the Mid-Atlantic”, the Forum aims to “accelerate investment” in the private and public financial sectors and help private investors in “carrying out catalytic projects that lead to economic growth and job creation in the country.”

The government also wants to promote Cabo Verde as an investment and business destination in areas such as tourism, infrastructure, renewable energy, maritime economy, creative industries, agribusiness and communication technologies.

Entrepreneurs from around the world, CEOs and senior representatives of international financial institutions, the Cape Verdean diaspora business community, ministers and other representatives of the Cape Verdean government and the representatives of Cabo Verde’s Chambers of Commerce, will attend this event.

During this Cabo Verde Investment Forum, the “compact” financing programme for the Portuguese-speaking countries with Portugal and the African Development Bank (ADB) will be signed, according to an announcement from the Cabo Verdean deputy prime minister and minister of finance.

Olavo Correia wrote on his Facebook page that he will be representing the Cape Verdean government, while Portugal will be represented by the Secretary of State for Foreign Affairs and Cooperation, Teresa Ribeiro and the BDA by its director of regional integration, Moono Mupotola.

“This is another important moment for Cabo Verde and especially for the Private Investment Forum. Also because the Lusophone Compact aims to promote the financing of structural investment projects of the economies of Portuguese-speaking African countries,” Correia said.

The Lusophone Compact was signed between Portugal and the BDA in November 2018 as part of a wide range of multilateral partnerships announced during the Africa Investment Forum in Johannesburg, South Africa, the finance minister recalled.