News from Cape Verde, Angola & Mozambique

Cape Verde Business & Economy News

In Cape Verde on April 26, 2012 at 7:04 pm

AGRI ETC.

The company Fogo Coffee Spirit has so far purchased between 22 and 23 metric tons of coffee produced in Mosteiros, on the island of Fogo – the equivalent of 40% of the year’s entire production. The target, according to Licínio Andrade, president of the Mosteiros Association of Coffee Producers (Procafé), is 25 metric tons (A Semana).

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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 Alexandre Abade of Oasis Atlantico Hotels….

REAL ESTATE

Canadian company Bitumen Capital plans to buy 100 percent of two tourist resorts in Cape Verde – Fortim Mindelo and Monte Gordo – from Cape Verde Development, owned by Irishman Tom Sheehy (Macauhub).

TELECOMS

The Prime Minister of Cape Verde wants to make the new concession contract between the state and CV Telecom “more competitive”, in order to “further expand the services that exist” in the country. The subject was discussed between PM Jose Maria Neves and Zeinal Bava, the CEO of Portugal Telecom, which owns 40 percent of CV Telecom. CV Telecom and the state of Cape Verde are in the process of renegotiating the concession contract (Telecompaper).