Cape Verde confirms fresh Japanese investment boost

Further investment will be made into the Cape Verdean island of Santiago.

The Cape Verdean Foreign Ministry has confirmed that it has reached a landmark agreement with Japan over the provision of water and food supplies for the islands.

In a statement released by the ministry, it was revealed that a deal was reached at the end of last week in Dakar which will see the Japanese government inject 1.11 billion Cape Verdean escudos into a number of projects aimed at bolstering the infrastructure across the archipelago.

Specifically, the plans laid out under the 'Supply of Water to Rural Areas of the Island of Santiago' project will see millions spent on setting up new water production sites across the island, with this infrastructure boost spelling good news for investors in Cape Verde property.

According to MacauHub, over the past three decades, Japan has been one of the biggest investors in Cape Verde, putting money into a number of sectors, including telecommunications, transport and agriculture, thereby helping to make it one of the world's top property investment hotspots.

This article was brought to you by Sambala Developments: 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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