The homologous inflation rate registered by the Consumer Price Index in September was 2.7%, 0.3 percentage points lower than the previous month. The drop represents a change in the upward trend that had been seen since May of this year (A Semana).
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Immigrants boost trade. A Canadian study shows that statement holds true even with that country’s smaller trading partners. If one more Cape Verdean immigrates to Canada, that would increase exports to Cape Verde by about $300 (Globe & Mail).
Luxembourg’s flagship airway, Luxair, has begun flying to Cape Verde. A weekly flight between the European Grand Duchy and the islands of Sal and Boa Vista on a Boeing 737-800 is now being operated by the airline (A Semana).
The Bank of West Africa of Guinea-Bissau and Caixa Económica of Cape Verde signed a cooperation protocol to support economic and commercial partnerships between the two countries (Inforpress).
SPLIT SECOND POLL
Fishermen working in Cape Verde’s territorial waters will now be able to do so in the seas of São Tomé and Príncipe as well. The same will be the case for São Tomean fishermen, who are now allowed to fish in Cape Verde’s Exclusive Economic Zone. The two countries have signed a cooperation accord that also encompasses training and investigation in the fishing sector (A Semana).
The European Investment Bank and the African Development Bank will grant Cape Verde a 45 million-Euro loan for the four wind farms that are currently under construction on the islands of Santiago, Sal, São Vicente and Boa Vista. The two institutions consider Cape Verde’s renewable energy program a model, and highlight the fact that the wind farms will represent “the first large-scale production of wind energy in Africa” (A Semana).
The catamaran Kriola, the first of Cabo Verde Fast Ferry’s modern rapid marine transport vessels, will take to the seas in Singapore in a week and a half, more precisely on October 22, for final tests (A Semana).
Djad’Sal Hotel, on the island of Sal, closed its doors to clients and will try to re-organize in order to open again on December 15. Still uncertain is the future of the hotel’s workers, who have yet to be told if they will work during the two-month period (A Semana).