Cape Verde will organize an investment summit next year, focusing on young people, in partnership with Portugal, Luxembourg, the World Bank, the African Development Bank, and the European Union, it was announced on Monday December 4.
The announcement was made in the city of Praia by Cape Verde’s Deputy Prime Minister Olavo Correia, who said that the idea is to see, with young people, what the country has, what works well and badly, and what needs to be improved.
The aim is to “guarantee scale, speed of response, and impact on young people,” said the Minister of Finance and Business Development, who also said that the impact of policies should be on employment and income.
Without specifying a date and place, Olavo Correia said that the event would be organized in partnership with Portugal, Luxembourg, the World Bank, the African Development Bank, the European Union, and other partners interested in this area.
The member of the Cape Verdean executive said that the State’s “obligation” is to create opportunities for young people so that they can carry out their projects “responsibly.”
“So that any shield that the state can allocate can be multiplied by 10, by 100, so that others can also be contemplated in the future,” he said, saying that the idea is to make Cape Verde “an example” in terms of entrepreneurship.
The minister made the announcement in his speech after signing a memorandum of understanding with Portugal, which plans to invest four million euros over the next two years in centers of excellence for professional training in Cape Verde, with the aim of reaching around 2,000 people in various areas.