Diesel oil, fuel oil and kerosene will see slight price increases beginning December 8. Gasoline and butane, meanwhile, are cheaper as of today. The Economic Regulation Agency (ARE) justifies the changes with alterations in the price of petroleum derivatives on the international market in October and November (A Semana).
Four onshore wind farms in Cape Verde, off the west coast of Africa, would go on line in January 2012. The 32 turbines project would generate over 28 MW of electricity and ease Cape Verde’s reliance on imported fossil fuels. The government of Cape Verde wants to raise the share of wind energy production to 25% by 2012, and eventually to 50% by 2020. The EIB has invested €45-million in the project, which also received funding from the African Development Bank (Engineering News).
HELP ATLANTICO GROW!
Atlantico Weekly is freely distributed and we like to keep it that way.
That’s why we’d like to ask you one favor in return: send Atlantico Weekly to your friends and colleagues and help us grow!
São Vicente district court divided the blame between plaintiff and defendant in the civil suit shipping company Darya filed against São Vicente-based Cabnave because of the repair of one of its vessels by the latter. Neither of the two companies, however, accepted the ruling, and both have filed appeals to the Supreme Court of Justice (A Semana).
Urban passenger transportation company Transcor is negotiating with Moura Company to purchase all of the latter’s assets, which include Cape Verde’s largest fleet of buses. The purchase, however, comes along with two conditions: defining what professional classes have the right to free passes, and ensuring the reigning-in of unlicensed minivans currently operating along Praia city bus routes (A Semana).
Minister of Rural Development Eva Ortet said that Cape Verde is expected to register a 20% drop in corn production this year in comparison to 2010, when the harvest of the grain was of more than 7,000 metric tons. The cabinet minister reaffirmed, however, that this year’s agricultural season would be “reasonable,” with considerable bean and pasture production and a large amount of water (A Semana).
SunOpta Inc. , a leading global company focused on natural, organic and specialty foods and natural health products, today announced that the SunOpta International Foods Group will expand its fair trade and organic coffee business with the development of operations in the Republic of Cape Verde. Trabocca B.V. (“Trabocca”), 65% owned by The Organic Corporation B.V. (“Tradin Organics”), in hand with a local Cape Verde partner have formed Fogo Coffee Spirit Ltd. (“Fogo Coffee”). Fogo Coffee will establish a coffee processing facility to produce the first certified organic, Fogo-origin, high quality coffee in the Republic of Cape Verde. Trabocca will own 51% while Casa Rodrigo Ltd., a Cape Verde company, will own the remaining share with Trabocca exclusively marketing the coffee worldwide (Marketwatch).
A collision of TACV Boeing with a bird caused a delay flights at Praia Airport (AW).
Cape Verde’s total passenger throughput (all airports) has risen from just over 600,000 in 1995 to a projected 1.9 million in 2011, making it one of the fastest-growing resort destinations in the world. Will Sao Tome & Principe airport expansion make it the next Cape Verde (Centre for Aviation)?
ENTREPRENEURS OF CAPE VERDE
Check out Atlantico Weekly’s new feature: Entrepreneurs of Cape Verde, which will be a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign. We started off with Josephine Sturiale, Paulino Dias and Patone Lobo. This week an interview with a British couple: Helen Hutchings and Steve Cooling of Blu bar, Santa Maria on Sal Island.
And yes, Atlantico Weekly is looking for more entrepreneurs of Cape Verde to interview. Those interested may contact Atlantico Weekly (atlanticoweekly at gmail.com).
TWITTER, FACEBOOK & LINKEDIN
Atlantico Weekly is now on Facebook. Be welcome to join our group!
You can now follow Atlantico Weekly on Twitter at atlanticoweekly.
Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.
The stevedores at Palmeira sea port on the island of Sal are unhappy with the way port management company Enapor is distributing tasks. According to them, they sometimes spend several days at a time at home, and when work does emerge, the number of workers requested is not enough for the cargo to be loaded or unloaded (A Semana).
Cape Verde, one of the unsung success stories of Africa in the last decade with annual economic growth rates averaging 6 percent, now fears for its tourist and real estate sectors as hard-up Europeans start deciding against a new holiday home. “The demand for real estate in the tourism sector is stagnant, which has consequences for the employment,” said Olavo Correia, a former governor of the central bank who now heads the Cape Verdean Association of Tourism Builders (PROMITUR) (Reuters).
Cape Verdean mobile telephony company CVMóvel said it had been granted a license to provide third generation mobile phone services (3G), thus “developing Cape Verde’s telecommunications market.” In a statement CVMóvel noted that it had been focusing, “continuously on new technologies, and proof of this was the launch of the mobile phone Internet service and mobile broadband service” (Macauhub).