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    • African Development Bank Group President Dr. Akinwumi Adesina (L) and Cabo Verde PM José Ulisses de Pina Correia e Silva inaugurate the modernized port of Maio on September 7
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Source: African Development Bank Group (AfDB) |

Upgraded Maio Port to transform economy, boost trade in Cabo Verde

The modernization of the Ports of Maio and Palmeira cost €36 million, with the African Development Bank providing €17.87 million

African Development Bank (www.AfDB.org) President Dr. Akinwumi A. Adesina on Wednesday inaugurated the upgraded Port of Maio in Cabo Verde, which will help reduce sea travel time to the capital Praia, and boost trade. The modernization of the Ports of Maio and Palmeira cost €36 million, with the African Development…

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    • Cabo Verde PM José Ulisses de Pina Correia e Silva with African Development Bank Group President Dr. Akinwumi Adesina at a July meeting in Abidjan
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Source: African Development Bank Group (AfDB) |

African Development Bank president to inaugurate Port of Maio during visit to Cabo Verde

The President will travel to Cabo Verde at the invitation of Prime Minister, Dr. José Ulisses Correia e Silva

African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina will inaugurate the upgraded Port of Maio on Wednesday during a three-day visit to Cabo Verde. The President will travel to Cabo Verde at the invitation of Prime Minister, Dr. José Ulisses Correia e Silva. In 2018, the African Development Bank…

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    • Cabo Verde PM José Ulisses de Pina Correia e Silva with African Development Bank Group president Dr. Akinwumi Adesina.
    • Cabo Verde PM José Ulisses de Pina Correia e Silva discussed his country's need for fortification against external shocks
    • Dr. Akinwumi Adesina assured Cabo Verde PM of the African Development Bank's support through various development instruments.
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Source: African Development Bank Group (AfDB) |

Cabo Verde: Cabo Verde Prime Minister, African Development Bank Head Affirm Commitment to Strengthen Island Nation’s Economy from Exogenous Shocks

Prime Minister de Pina Correia e Silva expressed his admiration for the way in which the Bank helps African countries to address key development challenges and emerging issues

The African Development Bank Group (www.AfDB.org) President Dr Akinwumi Adesina has met with Cape Verde Prime Minister José Ulisses de Pina Correia e Silva on an official visit to the institution’s headquarters in Abidjan. The two discussed the economic situation of Cabo Verde and emphasized the need to strengthen the…

Source: African Development Bank Group (AfDB) |

Cabo Verde Launches Bank-funded Capital Markets Project

The objectives of the project are aligned with the priorities of the Bank’s Country Strategy for Cabo Verde

The government of Cabo Verde has launched a project to propel the development of vibrant capital markets in the country. The Bank approved a $350,000 grant from its Capital Markets Development Trust Fund in October 2021 to help develop the country’s first-ever Capital Markets Masterplan. The funds will also facilitate…

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    • Cabo Verde set to host hybrid 2021 African Economic Conference on financing development in the Covid-19 era
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Source: African Development Bank Group (AfDB) |

Cabo Verde set to host hybrid 2021 African Economic Conference on financing development in the Covid-19 era

Cabo Verde Deputy Prime Minister and Minister of Finance Olavo Correia said the conference offered “an extraordinarily important moment” to chart the continent’s development course

African heads of state and government together with senior policymakers will share their perspectives on how to reshape Africa’s development financing models at the 2021 African Economic Conference, which takes place on Thursday, 2 December. Cabo Verde Deputy Prime Minister and Minister of Finance Olavo Correia said the conference offered “an…

Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank Group extends $350,000 grant for technical assistance to deepen national capital markets

The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the African Development Bank

The African Development Bank Group (www.AfDB.org) has approved $350,000 in grant funding for technical assistance to consolidate the country’s capital markets strategy and increase the liquidity of its fixed income markets.    The grant will be sourced from the Capital Markets Development Trust Fund, a multi-donor fund administered by the…

Source: African Development Bank Group (AfDB) |

Cabo Verde: African Development Bank Group approves 30 million euros loan to fight COVID-19

The loan, approved on 26 May, will be used to fund the country’s health and social response, support macro-economic stability, and assist the private sector

The Board of Directors of the African Development Bank (www.AfDB.org) has extended a loan of €30 million to Cabo Verde to help the West African island nation fight the COVID-19 outbreak and mitigate its economic impacts. The loan, approved on 26 May, will be used to fund the country’s health…

Source: African Development Bank Group (AfDB) |

‘Let West Africa’s success echo throughout the world.’ Economic Community of West African States (ECOWAS) hails the success of African Development Bank investments in the region

The region’s economy is showing positive achievements, reaching 3.3 percent growth in 2019

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Seventh Tokyo International Conference on African Development (TICAD 7): Japan, South Africa and the African Development Bank unveil priorities to accelerate Africa’s technology transformation journey

“Let’s be visionary. Let’s be bold. Let’s support concrete initiatives to boost science, technology, and innovation in Africa,”- Akinwumi Adesina

Science, technology and innovation as well as human resource development are critical in Africa, a continent, which has the biggest potential on earth, Prime Minister Shinzo Abe said at the Science and Technology in Society (STS) forum held in Yokohama, on Wednesday, as part of TICAD 7. The Science and…