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.