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Le Cap Vert : Gateway de l'Afrique de l'Ouest

Le Cap Vert : Gateway de l'Afrique de l'Ouest. Ambassadeur José Brito Au Forum Francophone des Affaires Montreal, Canada 30 Mai 2003. Cap Vert: Un cas de succés en Afrique De l’aide à l’investissement Les moteurs de la croissance Pourquoi investir au Cap Vert?

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Le Cap Vert : Gateway de l'Afrique de l'Ouest

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  1. Le Cap Vert: Gateway de l'Afrique de l'Ouest Ambassadeur José Brito Au Forum Francophone des Affaires Montreal, Canada 30 Mai 2003

  2. Cap Vert: Un cas de succés en Afrique De l’aide à l’investissement Les moteurs de la croissance Pourquoi investir au Cap Vert? Les Opportunités d’investissements Les premiers pas pour investir au Cap Vert Gateway de l’Afrique de L’Ouest Plan de la Présentation

  3. An emerging solid democracy Good economic management Good economic, social and human indicators An African success story

  4. An African success storyGovernance Indicators in 2002(percentile rank 0- 100) Source: World Bank

  5. An African success storyAbility to Control Corruption in 2002 (percentile rank 0- 100) Source: World Bank

  6. An African success storyRule of Law in 2002(percentile rank 0- 100) Source: World Bank

  7. An African success storyPolitical Stability in 2002(percentile rank 0- 100) Source: World Bank

  8. An African success storyFreedom Index, 2002 1 - 2.5 ~ Free 3 - 5.5 ~ Partly Free 5.5 - 7 ~ Not Free Source: Freedom House

  9. An African success storyHuman Development Index 2002 Source: UNDP

  10. Democratic governance Generous development assistance Remittances of Cape Verdian emigrants The basis of success

  11. Where do we go from here? Significant change and rapid transformation based on exploiting & building our competitive advantage Development AID Emigration Remittances Sustained AID & remittances; continued economic growth but no transformation Business as usual precipitating social and economic decline

  12. Engines of Growth: Building on comparative advantages and our strengths Gateway to Africa and to the World (6 hours from New York) Location Marine Resources Exclusive Economic Zone Energy from the Sea Sea Sun, Sea, Mountains Malaria Free Renewable Energies Climate Stability/ Peace Corruption Free Sound Management Diaspora and Market Access ECOWAS/PALOP/ CPLP Europe/Americas Diversify & Rich Culture Universal primary education Fast learners Good Governance Network strategic Partners Human Resources

  13. Engines of Growth SEA Today Short & Medium Term Long Term Tourism AID AIR Light Industriese.g. Textiles Remittances OffshoreServices Open Economy Reform Investment Capabilities Infrastructures Investment Capabilities Infrastructures

  14. Engines of Growth Short to Medium Term Adventure Tourism Light Industries Cultural Apparels & Textiles Shoes Ecological Conferences Health Hotel, Water, Energy, Health, Airlines, Airports, Shipping, Inter-Island Ferry, Conference Facilities, Assembly/Manufacturing facilities; Market access (AGOA)

  15. Engines of GrowthMedium & Long Term Registry Shipping/ Trans-shipment Research/ Knowledge Park SEA Sea Farming Agriculture e.g. OTEC Technology Regional Fishing Processing zone

  16. Industry trade council Transportation Financial Services (banking, insurance) Marketing Packaging Cooling Systems Freezing Plants Value added seafood products - processing Regional Fishing Hub

  17. Engines of GrowthMedium & Long Term Passenger and Air Cargo i.e. Regional Hub Regional services zone for aviation AIR Data Processing Duty free shopping zone (Dubai modele) Hypermarket

  18. Engines of GrowthMedium & Long Term Insurance Banking Offshore Services Research/ Knowledge Company Registration Cyber City Investment Funds

  19. REASONS TO INVEST IN CAPE VERDE

  20. Political, social and economic stability Optimal geographic location: Halfway between the Americas and South Africa and Europe. Access to more than 500 million consumers: Preferred access of national products in some regions: West Africa (ECOWAS); Europe (Lome Convention); United States (AGOA, SGP). Privileged relationships with African Portuguese speaking countries (Angola, Mozambique..) A corruption-free country with good governance Existing of One Stop Shop (PROMEX) to serve the investors REASONS TO INVEST IN CAPE VERDE

  21. Fiscal Incentives Tax exemption on dividends during the first 5 years of operation Tax exemption on dividends when reinvested Tax exemption on amortization and interests Guaranties to the investors: Protection of investor’s rights and property Free expatriation of dividends and income Direct operation of foreign currency accounts Fiscal, customs, financial and administrative tax incentives to exportation REASONS TO INVEST IN CAPE VERDE

  22. INVESTMENT OPPORTUNITIES

  23. INVESTMENT OPPORTUNITIES • Tourism:Resort Hotels; Executive Hotels; Sport Fishing and Diving; Yacht marinas; Windsurf; Rock-climbing; Golf courses; Leisure spaces with restaurants; Time-sharing complex and “chalets”

  24. INVESTMENT OPPORTUNITIES • Services: Knowledge Park,Registry of ships, Duty-free zones • Teleport (data processing, telecommunications) • Banking off shore • International shipping • Fishery and Marine Resources (industrial fishing, fish processing, aquaculture, seaweed…) • Cultural Industry (music..)

  25. Industry: Exported oriented industries (textile and apparel..); assembling industries; Traditional food products for the immigrant communities, Marine salt industry, Ornamental stones industry, Porcelain production, Carpentry/Joiner, packing, furniture etc Agriculture: floriculture, fruits, decorating plants INVESTMENT OPPORTUNITIES

  26. INITIAL INVESTMENT STEPS 1. Contact PROMEX, Center for Tourism, Investment and Promotion. P.O. Box: 89-C, Praia, Republic of Cape Verde Tel: (238) 62 27 36/ 2621/ 2689; Fax: (238) 622657 Email: promex@cvtelecom.cvWebsite: www.promex.org 2. Contact theEmbassy of Cape Verde to the U.S.A.: 3415 Massachusetts Ave, NW, Washington, DC, 20007. Tel: (202) 965-6820; Fax: (202) 965-1207 Email: ambacvus@sysnet.netWebsite: www.capeverdeusaembassy.org 3. Visit Cape Verde

  27. THANK YOU

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