Portuguese PM pledges more investment in Cape Verde

Premier vows to strengthen commitment to the archipelago

Portugal's prime minister has pledged to increase his country's Investments in Cape Verde.

Speaking on the first day of a three-day visit to the islands, Jose Socrates outlined plans to bring bilateral cooperation between the two countries to a "new level".

According to the premier, while a "level of maturity" already exists between Cape Verde and Portugal, he stated that he is keen to establish a "more ambitious" relationship, which is likely to benefit investors in the islands' property sector.

"It is for this that I am in Cape Verde with an important delegation of ministers and secretaries of state," Mr Socrates was quoted by the Pan-African News Agency as stating.

These comments come soon after figures published by the investment promotion agency AICEP revealed that Portuguese companies are continuing to step up investment initiatives in Cape Verde, with exports to the archipelago rising by an annual rate of more than 14 per cent.

This article has been brought to you by sambala: The developer for Cape Verde property

This article has been brought to you be Sambala; the developer for Cape Verde Property.

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