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Casa África > Eventos

Encuentro empresarial España - Cabo Verde

This Business Meeting on Investment and Cooperation Opportunities between Cape Verde and Spain will take place at CEOE's headquarters in Madrid (C / Diego de León, 50). It is organised by the Spanish Confederation of International Business Organisations (CEOE Internacional), the Chamber of Commerce, Industry and Services of Sotavento and Nexus Fostering Partnership, and has the support of the Chamber of Commerce of Gran Canaria and Casa Africa, through its director general, Mr. Luis Padrón, will offer on 13th March at 11:15 a.m. the conference: Casa África, a tool of Spanish public and economic diplomacy. Special reference to Cape Verde.

During the meeting the success stories and opportunities and strategic sectors of Cape Verde will be presented, an archipelago with a population of around half a million inhabitants which is considered one of the African countries with the highest stability and political freedom, respect for civil rights and an attractive regulatory framework for international investment.

The delegation from the Republic of Cape Verde that will visit Madrid during this meeting to be held on 13th March 2014 will consist of:

Mr. Humberto Brito, Minister of Tourism, Industry and Energy of Cape Verde
Mr Spencer Lima, President of the Chamber of Commerce, Industry and Services of Sotavento
Mr. José Armando Duarte, President of Cabo Verde Investimentos
Representatives of industry and service sectors in that country.

This business meeting provides the opportunity to see first hand the characteristics of the economic sectors of the archipelago, which due to its strategic geographical location, historical ties that bind it to Spain, as well as investment opportunities and cooperation offered, is becoming a strategic partner on the African continent. It is not in vain that Cape Verde is one of the African countries with the greatest political stability and is the door to a market, that of West Africa, with 300 million people, with Spain its first customer, with a direct investment of over 26 million euros, and main destination of its exports (76.3% of total).

According to Jesús Banegas, president of CEOE Internacional, the Republic of Cape Verde "shows an interesting profile from an economic point of view, which has held one of the most stable economic trajectories of sub-Saharan Africa since 1980, and this has allowed it to ascend to a list of middle-income countries in January 2008 and has achieved one of the best levels in the region in terms of purchasing power. "

The key sectors for Spanish investment, which offer more opportunities to the Spanish investor are:

Tourism, which has the largest share of foreign investment, including Spanish, with the presence of big hotel chains.
Construction and building materials, linked to the remarkable development of the tourism sector and the lack of local manufacturing and raw materials. In addition, Cape Verde contemplates expanding its maritime infrastructure in ports, airports and roads.
The enormous energy shortages of Cape Verde can open opportunities for Spanish companies in the energy sector.
The Cape Verdean government shows a great interest in the development of the alternative energy sector.
Water management is a priority for the Cape Verdean government, in fact, several Spanish companies are working in the water desalination field.
Telecommunications are also a booming market.

The services sector represents about 75% of GDP by the weight of tourism (with a growth of 17% per annum), a key industry next to trade, transportation and banking.

Its external dependency makes it a potential buyer for virtually all sectors, especially food products.

Since 1999 the country has been open to foreign products and imports have been liberalized. Virtually all items that are sold, except some basics such as vegetables, legumes and fish are imported.

Information on the meeting:

What? Business Meeting Spain - Cape Verde
When? 13th March 2014 at 9 a.m.
Where? CEOE Headquarters in Madrid. C/. Diego de León, 50
For more information :

Actualizado el Friday, May 16, 2025 - 19:20

Event information

13th March 2014 at CEOE's headquarters in Madrid

Lugar:

Agenda

Jornada de lanzamiento del proyecto Compass

El 16 de mayo de 2025 en Casa África

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Encuentro empresarial España - Cabo Verde

Event information

Agenda