Cabo Verde launches a project to develop its first-ever Capital Markets Masterplan.

February 7, 2022

The Government of Cabo Verde launches a project to develop its first-ever Capital Markets Masterplan. The African Development Bank (ADB) grants Cabo Verde 350,000 USD to help the government enlarge local domestic resource mobilization required for economic diversification and produce national development plans.

The ADB has been a significant development partner of Cabo Verde since its independence and now supports one of the main instruments for enabling and promoting sustainable investment and savings through the Cabo Verde Stock Exchange.

The project will enable the growth of domestic fixed-income markets by elevating its current infrastructure. It is executed by the local stock exchange, Bolsa de Valores de Cabo Verde, and the domestic capital markets ecosystem. The government aims to create a dynamic and technologically advanced capital market with greater liquidity.

The initiative is expected to create business opportunities for companies, investors, operators, and other stakeholders. The projects’ objectives align with the ADBs’ Country Strategy for Cabo Verde, seeking to establish foundations for economic diversification and growth.

You May Also Like…

Ethiopia National Team Secures a Spot in CHAN 2023

Ethiopia National Team Secures a Spot in CHAN 2023

Ethiopia's national team secures a place in the 2023 African Cup of Nations (CHAN), which will be held in Algeria. The Ethiopian national team, coached by Wubetu Abate, played their first double-leg game with Rwanda in Tanzania after CAF excluded Bahir Dar stadium...

Bego Sew Award announces its 2022 winners

Bego Sew Award announces its 2022 winners

The Bego Sew Award has been recognizing and honoring individuals in many categories for the past ten years, founded to honor individuals who are making a difference in Ethiopia. The 2022 award announced nine winners in different categories and a special award. The...

Forbes Africa lists Africa’s top 20 musicians

Forbes Africa lists Africa’s top 20 musicians

Forbes Africa lists Africa's top 20 musicians of 2022 for their record-breaking contribution to the entertainment industry. Forbes Africa recognizes the shift in the music industry that African artists are bringing to the table. The world's highest stream of African...

CBE Launches “Nedaj” a Fuel Payment Mobile App

CBE Launches “Nedaj” a Fuel Payment Mobile App

The application, "Nedaj," officially launched on August 18, 2022, after Dahlak Yigezu, Deputy Manager of the CBE's Digital Banking Department, signed an agreement to implement it with Besufeqad Getachew, founder, and CEO of EagleLion Systems Technology Company. The...

Ethiopia plans to host its first-ever African Tech Expo

Ethiopia plans to host its first-ever African Tech Expo

Ethiopia plans to host its first-ever African Tech Expo from September 7-9, 2022, at the renowned Skylight Hotel, organized by Jorka Events Communication. The exhibition focuses on solar technology, electric vehicles, digital payment systems, telecommunications, and...