Cape Verde 'prospers' in the current economic climate

Investing in Cape Verde is "wise" in the current economic climate, it has been claimed.

According to the Daily Mail, one of the UK's leading newspapers, investors who recognised the potential of the archipelago a few years ago are now enjoying the benefits of the island's rising popularity.

The paper reported that Cape Verde has seen a 22 per cent rise in tourism compared with the previous year, with new airports and ferry services likely to increase this figure further in the future.

Paul Akwei, director of Noscasa estate agency, said in an interview with the news provider: "The recession came at the right time to save Cape Verde from being ruined."

"Some developments were shelved, but the better ones went ahead and the government has continued to invest in infrastructure to help the islands through the downturn."

It was revealed last month that Cape Verde was to be the sole nation to benefit from funding by the American government.

Good governance, economic development and human rights were given as the reasons for the boost.

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