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Foreign direct investment from Angola to Cape Verde: around 100 million euros invested in more than 20 years

19/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On Wednesday, January 17, the Ambassador of Cape Verde to Angola, Júlio Morais, reported that foreign direct investment from Angola to Cape Verde has reached around 100 million euros, in more than 20 years.

In

recent years, Angolan investments have been concentrated in the telecommunications (UNITEL T+), banking (BAI Cabo Verde) and air transport (Best Fly Cabo Verde) sectors, according to information from the ambassador. According to the diplomat, the two states recorded a significant dynamic in cooperation between 2007-2013 and from 2017 to 2023. More specific interventions have been made in the areas of fuel logistics (SONANGOL) and the real estate sector

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With regard to the reform of the state of Angola, Júlio Morais mentioned administrative modernization, integrated citizen assistance services, the ombudsman's office, the ombudsman's office, digital governance and telecommunications, digital governance and telecommunications, digital governance and telecommunications, professional training and telecommunications, vocational training, sports, internal defense/security administration, culture, equality & gender, the blue economy and the energy transition

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