Company in Cape Verde

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • First Hilton hotel in Cape Verde to cost US$58 million

    CAPE VERDE, 2013/05/19 Construction of the prime Hilton Hotel on Sal Island, in Cape Verde, is due to begin in June and will cost 5 billion Cape Verdean escudos (US$58.3 million), and 2 billion escudos will be funded by Cape Verdean banks, said the Minister for Tourism, Industry and Energy.