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Cape Verde News

  • Macau businessman wants to take companies from China to Cabo Verde

    CHINA, 2016/06/04 Macau businessman David Chow, who is involved in a tourism project in Cabo Verde (Cape Verde), has promised to take to Cabo Verde additional entrepreneurs and companies from China in different areas of economic activity, according to statements made in Praia. Chow was speaking at the end of a conference between the Prime Minister, Ulisses Correia e Silva and a mission from the China/Africa Development Fund, weekly newspaper A Semana reported.
  • Routes Africa forum aims to improve African air connectivity

    BOTSWANA, 2016/05/15  An event dedicated to the development of the African aviation industry will take place next month in Tenerife (26-28 June) to encourage the launch of new air services to, from and within the African continent. Routes Africa 2016 will help to improve African connectivity by bringing together airlines, airports and tourism authorities to discuss next air services. Around 250 route development professionals are expected to attend the forum which was founded ten years ago to stimulate increase in the industry.
  • Economic integration is helping boost trade and investment in Africa

    BOTSWANA, 2016/05/13 The collapse of virtual borders is one of the majority remarkable things to have happened in our lifetimes. In the world of cyberspace, time and distance have become almost peripheral considerations at the same time as it comes to doing business. Services from software development to accounting can be delivered across the world in the blink of an eye. Next business leaders will struggle to imagine an era at the same time as communication was neither immediate nor virtually free.
  • Africa’s economic growth is likely to be slower in the intervening years

    BOTSWANA, 2016/05/12 Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Standard & Poor’s said Cabo Verde’s reputation as one of the most stable countries in Africa

    CAPE VERDE, 2016/05/04 Cabo Verde (Cape Verde), which is seen by analysts and the international community as a “safe haven” part Portuguese-speaking nations due to economic and political stability, is presently at the beginning of a new term of office for the government, keen to improve the business climate. The revival of private investment – both domestic and foreign – was set by the new Prime Minister of Cabo Verde, Ulisses Correia e Silva, as the primary objective of the action of his government, according to the Africa Intelligence Monitor newsletter. To facilitate its implementation, said the same publication, policy, fiscal and other measures are due to be improved any minute at this time to improve the country’s business climate. The slowdown of the economy, and particularly its negative effects on investment and job creation negatively affected the previous government during the elections.
  • Macau mission to Brazil promotes the territory as a platform between China and the Portuguese-speaking countries

    MACAU, 2016/05/04 A Macau economic mission is taking part in São Paulo in APAS 2016, an international trade equitable for the supermarket sector organised by the Paulista Association of Supermarkets, from 2 to 5 May, according to official data. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions topromote the territory as a business platform with Portuguese-speaking nations.
  • Cape Verde opposition wins back parliament

    CAPE VERDE, 2016/04/07 Cape Verde' major opposition Movement for Democracy (MpD) party won parliamentary elections, results showed overnight, taking back power next 15 years. With almost all votes counted from Sunday's poll, MpD had 53.7 %, versus 37 % for the former ruling African Party for the Independence of Cape Verde (PAICV). The West African archipelago, 570 km (350 miles) off Senegal, has avoided the coups and civil wars plaguing its neighbors on the mainland.
  • Resort Group’s new hotel in Cabo Verde opens in November

    CAPE VERDE, 2016/03/26 The new hotel of the Resort Group (http://www.theresortgroupplc.com/) that is being built on the island of Sal, Cabo Verde (Cape Verde) – the Llana Beach Hotel – will be ready in November, Cape Verdean newspaper Expresso das Ilhas reported. The project, costing an estimated 80 million euros, covers an area of almost 75,000 square metres and will offer its guests 600 suites, seven swimming pools, night clubs, five restaurants, conference rooms and water sports, amongst other facilities.
  • Africa,Protect Refugees With Mobile Banking

    BOTSWANA, 2016/02/08 "Mean spirited", "inhumane" and desecrating the spirit of the Refugee Convention are some of the milder criticisms levelled at Denmark's harsh new asylum laws, passed last week. Part new measures is a decision to strip new arrivals of any cash and valuables worth additional than 10,000 kroner (US$1,450), purportedly to pay for their upkeep. Switzerland and some southern German states have introduced similar policies. It's a move that reflects the fragmenting world of European migration policy, lacking in solidarity, empathy and basic human decency. But what of the financial implications for asylum seekers?