| The government has proposed the elaboration of partnerships with the private sector to create management corporations for water and electricity utility Electra on an island-by-island basis. The proposal was discussed in the latest meeting of the Council of Ministers, Cape Verde’s cabinet, and is a part of the institutional reorganization and restructuring program for water and electricity-sector businesses in which the State holds a stake. The State of Cape Verde is currently Electra’s main shareholder.
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| The Ministry of Finances has made available slightly more than 56 million escudos to compensate the 30 businesses whose products were consumed by the fire that destroyed cold storage company Interbase in September of last year. The payments represent the end of a twelve-month-long struggle that was mediated by the Windward Islands Chamber of Commerce.
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| Prime Minister José Maria Neves will preside over the opening of the Public-Private Forum on Residential Tourism this Friday, October 30. The forum, whose theme is Residential Tourism – An opportunity for the future of Cape Verde, is being promoted by Promitur and will be held at Jotamont Music Academy in Mindelo. The event is intended as a way to share impressions and ideas by both the private and public sectors and the various stakeholders in the residential real-estate and tourism market in the country.
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| A delegation from Damen Shipyard, the Dutch company building the high-speed vessels company Cabo Verde Fast Ferry will soon bring to the country, began a four-day visit to Cape Verde this week for a series of meetings with port authorities and other entities involved in the Cabo Verde Fast Ferry project.
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| The World bank’s annual report points to a slight growth in business conditions in Cape Verde. The archipelago rose one slot on the Doing Business 2010 ranking, and now occupies 146th position on a list of 183 countries.
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