ECONOMY
The Cape Verdean government should maintain a posture of austerity in order to preserve the fixed exchange rate between the escudo and the Euro and protect the economy against external shocks. These are the recommendations made by the deputy managing director and acting chair of the International Monetary Fund’s Executive Board, which has just concluded its second and final assessment of Cape Verde’s performance within the context of its Policy Support Instrument (A Semana).
Cape Verde, the country with no recession and huge tourism growth! Check the charts.
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AGRI ETC.
Minister of Rural Development Eva Ortet is hoping to obtain support from Germany in order to expand the cultivation of jatropha in Cape Verde. Cooperation between the two countries in this domain is expected to begin in the coming days, with the planting of more than 37,000 jatropha plants on the island of Fogo (A Semana).
AVIATION
Passenger traffic at Cape Verde’s airports and aerodromes rose 11.2 percent year on year in 2011, from 1.6 million to 1.78 million, the country’s airport management company, Empresa Nacional de Aeroportos e Segurança (Asa) said in Praia (Macauhub).
Cape Verde is currently under a dense cloud cover, which has made flights to several of the country’s islands, particularly those whose airports feature limitations, such as São Nicolau, difficult. The high levels of dust in the air have further aggravated the situation. On Wednesday, February 1, for example, domestic flights to Boa Vista, Sal and São Vicente were cancelled (A Semana).
Despite the conflicting information being broadcast in the Cape Verdean media, the government has apparently maintained its decision to name Praia International Airport after Nelson Mandela, according to cabinet spokesman and Defense Minister Jorge Tolentino, who reacted to the apparently inaccurate news that the decision had been annulled (A Semana).
ENTREPRENEURS OF CAPE VERDE
Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign. This week with Jose Pedro Oliveira, aka Djopan, of Hotel Pedracin Village.
And yes, Atlantico Weekly is looking for more entrepreneurs of Cape Verde to interview. Those interested may contact Atlantico Weekly (atlanticoweekly at gmail.com).
REAL ESTATE
Cape Verde’s popularity with UK overseas property investors rocketed at the start of the year according to an internet portal. The multi-island nation jumped 18 places in the portal’s latest Top of the Props report, becoming the seventh most popular destination on the chart (OPP).
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UTILITIES
The government of Cape Verde is planning to add a further eight desalination plants to boost drinking water capacity and meet booming demand from increased tourism (Water World).