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    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

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    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

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    PayPal finally launches Apple Pay support for its credit and debit cards

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    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

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    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

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    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

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    Digital banking revolution can help SA banks regain their customers’ love, says BCG

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    Nigeria launches payments card program to rival Visa and Mastercard

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Afro-descendant Entrepreneurs Discuss Sustainable Investments in Lisbon

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26/07/2024
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The 1st Meeting of Afro-descendant Entrepreneurs in Europe highlighted the impact of the diaspora on sustainable development and discussed opportunities for strategic investments.

The 1st Meeting of Afro-descendant Entrepreneurs in Europe, held in Lisbon, brought together various prominent figures to discuss investments, sustainable development, and the role of the African diaspora in economic progress in Cape Verde.

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Márcia Teixeira, Executive Administrator of the Cape Verde Stock Exchange, emphasized during her speech the importance of family investment and sustainable bonds.

“We are here to show that every family in the diaspora can contribute in various ways. Bonds have shown a satisfactory return, with dividends at a rate of 17%,” she stated. Márcia Teixeira also highlighted the need for sustainable development and the role of the Stock Exchange in this process, promoting green investments and sustainable securities.

“The importance of diaspora remittances in the country’s development encourages emigrants to invest in projects that generate higher returns than traditional ones, thus contributing to the community,” she said.

José Lopes, Country Manager of EasyJet Portugal, emphasized in his speech the challenges and opportunities in the aviation sector in Cape Verde. José Lopes mentioned EasyJet’s efforts to establish regular routes to Sub-Saharan Africa, stressing the importance of partnerships and adapting to customer needs. “We have confidence in the market and believe that our investments will yield positive results,” said Lopes, highlighting the growth potential of the aviation sector and the importance of continuing to explore new opportunities.

Eugénio Moedas, CEO of PROCAPITAL, highlighted the role of PROCAPITAL in providing technical and cultural assistance to investors. “We are helping companies and investors navigate economic and bureaucratic complexities,” explained Moedas. He emphasized the importance of institutional partnerships and support for viable projects, highlighting the need for a safe and efficient investment environment. Moedas also referred to the incentives available for emigrants who wish to invest in the real estate sector, underscoring the need to effectively capitalize on investments.

The meeting was marked by intense debates and the exchange of experiences among participants, who reinforced their commitment to sustainable development and the creation of favorable conditions for investments. The speakers called on the African diaspora to continue investing in their countries of origin, promoting economic and social growth.

Source: FAL
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