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Improvement of the Cabo Verde technology park: the AfDB grants a 14 million euro loan

31/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le gouvernement du Cabo Verde a signé en collaboration avec la Banque africaine de développement (Bad) le July 19 in Praia a 14 million euro loan agreement for. This agreement will serve to improve Cabo Verde's technology park by making it more resilient to climate change and more favorable for business development

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The Bad has already granted a 31.59 million euro loan to finance Cabo Verde. This funding is granted with the aim of financing the first phase of the Advanced Technology Park, which is already transforming the country into an innovative regional information and communication hub, which will attract information and communication technology (ICT) professionals from all over Africa. Under the second phase, the cluster will be equipped to operate with renewable energies and, as part of a public-private partnership, will have two data centers

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