Cape Verde in new tourism boost

A new luxury hotel has opened in the Cape Verde islands, which could indicate that the tourism market in the archipelago is set to continue growing.

Iberostar has launched the Club Boa Vista by Areja de Chaves beach on Boavista Island, a four-star residence with 273 rooms.

While the new venue may be an indication that the top end of the market is set to continue growing, those investing in holiday property on a buy-to-let basis could help similar expansion occur in other segments.

The country might be helped in this development by continued aid from the US.

It has been revealed by the American government that Cape Verde is the sole nation to be a recipient of funding under the second Millennium Challenge Corporation compact.

The reasons given were that the country has a strong record on areas such as good governance, economic development and human rights.

Secretary of State Hilary Clinton praised these developments in Cape Verde on a visit earlier this year.