Cape Verde: Hundreds of investors expected at Boston forum

More than 300 investors, business leaders and members of Cape Verde’s government are expected to gather in Boston, in the US, on September 30, for a two-day Cape Verde Investment Forum, according to organisers.

The event, which is being organised by the government of Cape Verde, aims to bring together international partners, decision-makers, entrepreneurs and financial executives who are interested in making or supporting investments in the African country, according to information issued by organisers.

The aim is to “accelerate the investments of the private and public financial sector and private investors” in projects that can act as “catalysts” for sustainable economic growth and job creation in Cape Verde.

Last July, at the end of the last such forum, held on the island of Sal, in Cape Verde, the country’s minister of finance, Olavo Correia, announced that it had helped the country to mobilise €1.5 billion in private investment projects and declared intentions.

The minister said that funding for Cape Verde’s economy had been promised “in the fields of health, tourism, maritime and air transport, telecommunications and vocational training and investment by the diaspora” of Cape Verdean nationals abroad.

The objectives in Boston, as outlined by organisers, include promoting business opportunities in Cape Verde in the fields of tourism, renewable energy, agro-industry, maritime economy, infrastructure, and information technology, as well as mobilising international finance for the implementation of these projects.

During the event, on 30 September and 1 October, the prime minister of Cape Verde, Ulisses Correia e Silva, and other members of the government are to speak, as well as the mayor of Boston, Martin Walsh, and international entrepreneurs with investments already in place in the country.

Internationally, the Cape Verde authorities present their country as politically, economically and socially stable, with a key geo-strategic position on the most important Atlantic shipping routes, and proven success in tourism – all factors in attracting private investment.

In the tourism sector, which is one of the country’s hopes for the future, the government has set itself the goal of attracting 1 million tourists a year by 2021. In 2018 the figure was over 700,000.