Date: 23/04/2013 CAPE VERDE NOTED AS MOST ATTRACTIVE FOR INVESTMENT BY FRENCH CONSULTANCY
Cape Verde and Mozambique are two of the most attractive destinations for foreign investment in Africa in 2013, according to a document published in Lille by French consultancy StrategiCo.
In the “Risks in Africa 2013” report, the consultancy noted a “change in perception” of foreign investors in relation to Africa, due to average growth of 4.8 percent this year.
Figures from the World Bank showed that foreign direct investment (FDI) would rise 57 percent in two years to US$48.7 billion in 2014, it said.
Amongst the 12 “highlight” countries at the “top of the class” that “have combined peace and development” is Cape Verde, one of the few countries in Africa that has moved into the category of medium income country.
StrategiCo highlights the “transformation” of the Cape Verdean economy, with agriculture changing from 14.4 percent of GDP in 1990 to between 8 and 9 percent and services rising to 77 percent, “demonstrating that the authorities have made the right choices in taking advantage of new opportunities that have opened up in the services sector.”