Press

Cape Verdean government invests over US$283 million on ports




The cape Verdean government has spent over 25 billion Cape Verdean escudos (US$283 million) on its port sector, the chairman of national port company Enapor said Monday in Porto Novo, according to Cape Verdean news agency Inforpress.

Franklin Spencer, who was speaking at the inauguration of the first phase of expansion and modernisation work on the port of Porto Novo, said that the funds had already benefited seven ports, and that work was also due to be carried out on the ports of Tarrafal (Sao Nicolau), and Maio.

Of those 25 billion escudos, almost 3 billion were spent on the port of Porto Novo which, according to the Spencer, improves the island of Santo Antao’s position as a tourist destination and “agricultural production centre.”

The new port of Porto Novo, work on which began in 2010, has three docks, the first of which, for long haul ships, is 136 metres long and has a roll on/roll off ramp.

The second dock, which is 118 metres long, is multifunctional and also has a roll on/roll off ramp and the third dock is 46 metres long and is designed to support fishing.

The port also has a sea station with capacity to receive companies that provide national and international sea transport services. (macauhub)

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Ceará state, in Brazil and Cape Verde linked by sea by November

The launch of a shipping line between Cape Verde and the Brazilian state of Ceará is expected to take place in the last week of October or the first week of November, at the latest, according to Roberto Marinho, executive secretary of the Ceára Chamber of Foreign Trade.

According to weekly Cape Verdean newspaper A Semana, Marinho said that in the next few days the shipping company that will operate the route would be chosen and added that by the end of the month all the details of the operation would be known, specifically prices.

Marinho, who was invited by the Sotavento Chamber of Commerce to give information to Cape Verdean economic operators and importers about how best to take advantage of the new shipping line, said that the line would open up opportunities for new business deals between Ceará and Cape Verde.

The businessman noted that there had been a certain level of “scepticism” from operators about this shipping line, caused by delays and stalemates in its launch, but gave assurances that this time trade between the two sides of the Atlantic would be given new life.

Four companies are vying to run the sea route between the Brazilian state of Ceará and Cape Verde, which will be carried out using medium-sized ships. (macauhub)

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The Cape Crusader




SOME saw it as the final insult for Craig Levein.

Scotland being passed in the FIFA rankings by the Cape Verde Islands.

The tiny group of islands has just 500,000 residents and a little-known amateur league.

But coach Luis Antunes, who worked part-time at a local airport before bossing The Blue Sharks, is proud of their achievements.

While Scotland laboured to draws against Serbia and Macedonia at Hampden, he was leading Cape Verde to a 2-0 victory over Cameroon’s Indomitable Lions.

Now the islands — home to ancestors of Henrik Larsson and Patrick Vieira — have soared five places above the Scots to 51st spot.

And Antunes believes the gap would be wider if Cape Verde could match the wealth of the SFA.

Speaking exclusively to SunSport, Antunes said: “Our last victory against Cameroon was incredible.

“This result gave us a massive boost to our country.

“We have jumped up in the FIFA rankings and we have passed teams the calibre of Scotland.

“It is an incredible achievement for Cape Verde — it is hard to believe.

“Not even in our greatest dreams can you compare Cape Verde with Scotland as a country or in any level of football. It is impossible.

“Scotland has very well-known clubs like Celtic, Rangers, Aberdeen or Dundee United.

“Nobody in Europe can even name a club from our country.

“We struggle every time we play abroad because there are lot of expenses to arrange.

“The FA doesn’t have a lot of money. We have to survive thanks to the donations of the local government and sponsors.

“If we had the kind of money and the facilities that Scotland have, we could be one of the best football nations in Africa.

“That is why my job is not so easy. The local players work in the morning and a year ago, I used to work also.

“My job used to be an airport controller. But then the FA negotiated with the airport company for me to take a sabbatical for a year so that I can work full time for them.”

Cape Verde didn’t play an inter-national until 1979.

But as well as Celtic legend Larsson and World Cup winner Vieira, Portugal caps Nani, Eliseu, Manuel Fernandes, Nelson Marcos and Silvestre Varela all have links to Cape Verde.

But not all the islands’ best players opt to play for other countries.

Antunes has assembled a strong squad including players from top European leagues.

He explained: “We have made some improvement as a football team. We drew 0-0 against Portugal with Cristiano Ronaldo and Nani in May 2010.

“In the national team our players play for free.

“There isn’t any bonus for wins or anything. What the national team does for them is to put them on the international football map and help them to promote themselves.

“The current national team squad are playing abroad.

“International scouts are now coming here to watch games and are taking the players.

“We have ten players in Portugal, three in Holland, three in Spain, three in France, two in Cyprus and others in Romania and Hungary.

“We have two strikers playing in the Champions League.

“Ryan Mendes is at Lille and Jose Luis at Sporting Braga.

“My players play football because they love our country.”

Antunes has watched the Scottish game on satellite TV and feels sympathy for the struggles of Levein.

He added: “If you don’t have the players to play like Spain, you have to adapt to your own squad.

“Scotland have to play long, aerial balls hoping to get the second ball to harm their opponents.

“People have to have patience with Craig Levein.”

Singapore Signs Open Skies Agreement with Cape Verde




AsiaOne
Monday, Sep 24, 2012

SINGAPORE has signed a new Open Skies Agreement (OSA) with Cape Verde.

The OSA lets both Singapore and Cape Verde airlines fly between Singapore and any points on the island, via and beyond to any third country.

There will be no restrictions in capacity, frequency or aircraft type.

The agreement was signed today by Minister for Transport Mr Lui Tuck Yew and Ms Sara Maria Duarte Lopes, Minister of Infrastructure and Maritime Economy of Cape Verde.

Mr Lui said the signing of the OSA reflects the warm bilateral ties between Singapore and Cape Verde.

“This agreement underscores both countries’ commitment to establish a fully liberal air services framework that will allow our carriers to react quickly to market demand when opportunities arise,” he said.

This signing came as part of Cape Verde Prime Minister Maria Neves’ official visit to Singapore from Sept 21 to 24.

Cape Verde is an island country located off the coast of Western Africa in the central Atlantic Ocean.

samkhoo@sph.com.sg

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Belgian Group to Build Luxury Residences in Cape Verde

Belgium’s Talboom group should this July begin building the access road to the luxury real-estate/tourism complex it plans to build at Jon d’Ebra Bay, reports the Cape Verdean newspaper A Semana.

Once the road is finished, the group aims to begin construction, probably in December, of the first of the 30 luxury residences to be built on the bay’s coast.

In the second phase the group plans to build 200 more residences and a hotel, a 50-million euro investment targeting the middle and upper middle classes from Europe.

“The development will be sold to European millionaires who will transform the residences into holiday homes,” the group’s legal advisor, Alcides Graça, told the newspaper.

The group will also build a breakwater in the bay “to make it into a large natural pool”, given that Jon d’Ebra is one of the most treacherous beaches on São Vicente Island, located in a relatively deserted area.
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Growing Tourism Industry Aiding Cape Verde Property Market

The expansion of Cape Verde’s tourism industry is having a positive impact on its real estate sector.

According to Adam Cornwell, managing director of Feltrim International, there are numerous reasons why the island nation off the coast of west Africa appeals to holidaymakers, which is, in turn, boosting demand for places to stay.

Mr Cornwell described Cape Verde as a “credible winter sun alternative to the Canary Islands but far more affordable”. He added the number of tourists arriving in the nation is expected to reach one million by 2015, which he commented is “fantastic news for emerging market property investors”.

There are also opportunities to purchase completed Cape Verde real estate, rather than having to buy off-plan, which makes it a good choice for more cautious buyers, he stated.

Earlier this month, TheMoveChannel revealed enquiries for property in Cape Verde climbed in April, with the destination moving up by three places to become the tenth most popular destination among potential buyers.

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Tourism Boost for Cape Verde Investors

Cape Verde property investors might benefit from the region’s expanding tourism sector, an expert has suggested.

The destination is a viable alternative to the Canary Islands for those who are after some sun during the colder winter months, Adam Cornwell, managing director of Feltrim International, indicated.

He said that the area is “far more affordable” than the Canaries for those seeking some warmer weather.

Mr Cornwell noted that in the coming three years, Cape Verde could welcome as many as one million tourists. This should prove beneficial to those with properties in this emerging market, he added.

More cautious investors might be inclined to opt for Cape Verde homes because a range of completed properties are available, rather than just off-plan residences, the expert continued.

Cape Verde is now the tenth most popular destination among prospective property investors, TheMoveChannel suggested last month.

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Cape Verde to Have its First Hilton Hotel

Work on the Hotel Hilton Sal are due to begin soon, the chairman of Cabo Verde Investimentos, José Duarte, said cited by Cape Verdean newspaper A Semana.

The luxury three-storey hotel, which will be located between Hotel Crioula and Djad’ Sal, in Santa Maria, will be the first Hilton Group hotel in Cape Verde and Cabo Verde Investimentos is negotiating a second unit for the country’s capital.

The management contract has been signed with a French promoter and finances are now being put in place. Duarte said that the project had seen some setbacks over the last few years but that it was now ready to go ahead.

The Hilton Hotels Corporation is one of the world’s largest hotel chain and has over 2,900 hotels with 490,000 rooms in 76 countries and territories.

In Africa the group currently operates eight hotels in eight countries – Morocco, Algeria, Nigeria, Ethiopia, Kenya, Cameroon, and South Africa.

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Cape Verde News

Official figures released in March from the Cape Verdean National Statistics Institute (INE) show that the number of hotel units across the archipelago rose by a mighty 9.6% year-on-year, from 178 hotels in 2010 to 195 in 2011. Even more interesting is the fact the hotels are getting larger to cater to demand with the number of rooms rising a huge 34.1% for the same period.

Adam Cornwell, Managing Director of Feltrim International promoting real estate on the Islands, comments, “Cape Verde is one of the fastest growing tourist markets in the world and inevitably the hotel industry is responding. These 17 new hotel establishments added 7,900 rooms and 14,000 beds to 2010 figures, yet there’s still plenty of room for growth as tourist arrivals continue to increase by around 20% per annum. It is projected that Cape Verde will reach half a million tourists annually by 2015 and one million by 2020 as northern Europeans wake-up to the potential of this mid-haul winter sun destination.”

This news comes hot on the heels of a positive report from holiday rentals website HomeAway. Not only did Cape Verde enter the top ten holiday destinations for the first time, but it ranked an impressive fifth most popular destination for booking enquiries between October and December 2011. The website said it was a hot mid-haul market emerging as a strong winter sun rival to the Canaries and highlighted the increase in hotels, charter flights and package holidays over the last few years. Skyscanner also ranked Cape Verde highly, in third place, on its list of emerging destinations in 2011.

With additional hotel units of course comes additional employment opportunities in Cape Verde and the same report stated that employment within this sector increased by a welcome 27.6% from 2010 to 2011. Geographically, the Islands of Sal and Boa Vista boast the greatest number of hotel units, 44.7% and 31.1% of the total respectively – a number of them now of five star rating to cater to the demand from discerning guests after the ultimate in luxury. Boa Vista in particular is working hard to maintain its ‘five star status’, emphasizing quality over quantity, and keeps a tight control over build density to protect the environment and promote sustainability for investors and locals and avoid over-saturation.

Joining the five star fraternity is the Santa Mónica Beach Resort & Spa on the Island of Boa Vista. With many of the 1,140 units available for sale on a freehold basis, the Resort combines a five star hotel with luxury one and two bedroom apartments and two to five bedroom villas each with private pool.

As an indication of its excellence, some serious heavyweights have put their name to the project including Wyndham, the largest hotel operator in the world, to handle guest services and rental management alongside ESPA, a global award-winning Spa operator, to provide blissfully relaxing treatments and products.

Santa Mónica Beach Resort & Spa will have a range of gourmet seafood, oriental and fine dining restaurants, childcare services and on-site coaching at the tennis complex alongside mountain biking, big game fishing, diving, windsurfing, sailing and 4×4 safaris in the local vicinity. A championship standard golf course is planned for alongside the Resort. Meanwhile the beach at Santa Mónica is well known as one of the world’s key turtle nesting sites as well as being a breeding ground for humpback whales and home to many native and migrating bird species.

Hotel occupancy, according to the Government, is currently 90% and there is no low season due to average daily temperatures consistently hovering between 21ºC and 30ºC which is warmer and more reliable than even the Canary Islands – excellent news for strong rental yields. Boa Vista’s International Airport takes direct 5.5 hour flights from Glasgow, Gatwick and Manchester and flights from Bristol and Stansted are to be added giving UK visitors greater flexibility. Direct flights to Cape Verde are also in place from Lisbon, Madrid, Milan, Frankfurt, Brussels, Boston and beyond which again helps boost rental yields.

For a limited time early investor discounts of 30% for cash buyers mean prices start from just 83,300 euros for a one bedroom apartment and 325,500 euros for a detached three bedroom villa. Finance options of up to 90% are available making ownership of a one bedroom apartment achievable from just an 11,900 euro deposit. There are also rental and leaseback plans offering up to 7% fixed income with allowances for personal use. Santa Mónica Beach Resort & Spa also qualifies for SSAS and SIPP purchase via fully managed hotel suites from 85,000 euros (official valuation 162,000 euros) with ten-year guaranteed 7% rental income. Licenses and planning permission have been granted and construction is underway on site with phase one scheduled for completion mid 2013. Santa Mónica Beach Resort & Spa offers a unique chance to purchase top-quality property in a prime location – while prices remain low.

For more information, visit feltriminternational.com.

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Wind energy in Cape Verde: Wind Farm Inaugurated on Boa Vista Island

he company responsible for the wind turbines project is Cabeólica, and will join existing wind power farms on the islands of Santiago, Sal, São Vicente and Santo Antão.

Wind energy in Cape Verde: wind farm inaugurated on Boa Vista Island

The Boa Vista wind farm, with an installed capacity of 2.5 megawatts, is due to be inaugurated Friday on Boa Vista Island in Cape Verde and will join existing wind power farms on the islands of Santiago, Sal, São Vicente and Santo Antão, the latter being the only private initiative, the Cape Verdean press reported.

The new wind farm, which accounts for half of the island’s power generation capacity, is part of a public-private partnership project funded by the African Development Bank and the European Investment Bank.

The company responsible for the wind turbines project, Cabeólica, which is the result of a partnership set up in 2009, has as its national partners the Cape Verdean government and water and electricity company Electra, and its international partners are InfraCo Limited, the Africa Finance Corporation and the Finnish Fund for Industrial Cooperation (FinnFund).

www.macauhub.com.mo/