Transcript Le Cap Vert: Gateway de l'Afrique de l'Ouest Ambassadeur José Brito

Le Cap Vert:
Gateway de l'Afrique de l'Ouest
Ambassadeur José Brito
Au Forum Francophone des Affaires
Montreal, Canada
30 Mai 2003
1
Gateway de l’Afrique de L’Ouest
Plan de la Présentation
 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
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An African success story
• An emerging solid
democracy
• Good economic
management
• Good economic,
social and human
indicators
3
An African success story
Governance Indicators in 2002 (percentile rank 0- 100)
80
70
60
50
40
30
20
10
0
Cape Verde
Low Middle Income
Countries
Vo
ic
e
&
Ac
co
un
G
Po
ov
ta
bi
l it
er
ic
li t
nm
al
y
en
St
ab
tE
ili t
ffe
y
ct
R
eg
iv
en
ul
es
at
or
s
y
Q
ua
R
li t
C
ul
y
on
e
t ro
of
lo
La
fC
w
or
ru
pt
io
n
Sub-Saharan Africa
4
Source: World Bank
An African success story
Ability to Control Corruption in 2002 (percentile rank 0- 100)
80
70
60
50
72.2
67.5
66
57.7
53.1
46.4
42.8
40
Series1
30
19.1
20
14.9
7.2
10
SO
M
AU
R
I
U
T H T IU
AF S
C
R
AP
IC
A
E
BU
VE
R
R
KI
D
E
N
A
FA
SO
SE
N
EG
AL
M
AL
I
G
H
AN
A
U
G
M
AN
O
D
ZA
A
M
BI
Q
U
E
AN
G
O
LA
0
5
Source: World Bank
An African success story
Rule of Law in 2002 (percentile rank 0- 100)
90
80
70
60
50
40
30
20
10
0
M
AU
78.4
60.3
59.8
53.6
52.6
34.5
34
29.9
21.1
3.1
A
AL
CA
N
I
A
R
R
EG
H
E
F
V
G
A
EN
E
H
S
T
AP
U
C
SO
U
TI
I
R
S
DE
AL
I
M
O
S
FA
M
NA
A
I
Z
O
RK
M
U
U
Q
I
B
E
U
AN
G
DA
AN
LA
O
G
B
6
Source: World Bank
An African success story
Political Stability in 2002 (percentile rank 0- 100)
83.2
74.1
63.8
42.7
41.6
41.1
33.5
GO
LA
AN
DA
UG
AN
SE
NE
GA
L
NA
FA
S
NA
GH
A
O
I
AL
M
RK
I
9.2
BU
M
42.2
11.4
AU
RI
TI
CA
US
PE
VE
RD
M
OZ
E
AM
BI
SO
QU
UT
E
H
AF
RI
CA
90
80
70
60
50
40
30
20
10
0
Source: World Bank
7
An African success story
Freedom Index, 2002
7
6
5
1 - 2.5 ~ Free
3 - 5.5 ~ Partly Free
5.5 - 7 ~ Not Free
Political Rights
4
Civil Liberties
3
Average Rating
2
1
M
AL
GH I
AN
A
SE
NE
M
G
OZ
AL
AM
BU
BI
QU
RK
E
IN
A
FA
S
UG O
AN
DA
AN
GO
LA
M
AU
RI
CA
TI
US
PE
VE
SO
RD
UT
E
H
AF
RI
CA
0
Source: Freedom House
8
An African success story
Human Development Index 2002
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
M
AU
A
L
A
LA
A
CA
N
D
I
O
A
R
N
R
G
EG
H
E
A
F
V
G
G
A
AN
EN
U
E
H
S
T
AP
U
C
SO
U
TI
I
R
S
DE
Source: UNDP
AL
M
I
O
S
FA
U
Q
I
B
E
M
NA
A
I
Z
O
RK
M
U
B
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The basis of success
• Democratic
governance
• Generous
development
assistance
• Remittances of
Cape Verdian
emigrants
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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
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Engines of Growth:
Building on comparative advantages
and our strengths
Location
Sea
Climate
Gateway to Africa
and to the World
(6 hours from New York)
Marine Resources
Exclusive Economic Zone
Energy from the Sea
Sun, Sea, Mountains
Malaria Free
Renewable Energies
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
Human 12
Resources
strategic Partners
Engines of Growth
Today
Short & Medium Term
Long Term
SEA
AID
Tourism
AIR
Remittances
Light
Industries
e.g. Textiles
Offshore
Services
Open
Economy
Reform
Investment
Capabilities
Infrastructures
Investment
Capabilities
Infrastructures
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Engines of Growth
Short to Medium Term
Adventure
Cultural
Tourism
Ecological
Light
Industries
Apparels & Textiles
Shoes
Conferences
Health
Hotel, Water, Energy, Health, Airlines, Airports, Shipping, Inter-Island Ferry,
Conference Facilities, Assembly/Manufacturing facilities; Market access (AGOA)
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Engines of Growth
Medium & Long Term
Registry
Research/
Knowledge
Park
Shipping/
Trans-shipment
SEA
Regional Fishing
Processing zone
Sea Farming
Agriculture
e.g. OTEC Technology
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Regional Fishing Hub
•
•
•
•
•
•
•
•
Industry trade council
Transportation
Financial Services (banking, insurance)
Marketing
Packaging
Cooling Systems
Freezing Plants
Value added seafood products - processing
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Engines of Growth
Medium & 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
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Engines of Growth
Medium & Long Term
Insurance
Research/
Knowledge
Banking
Offshore
Services
Company Registration
Cyber City
Investment
Funds
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REASONS TO INVEST IN CAPE VERDE
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REASONS TO INVEST IN CAPE VERDE
 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
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REASONS TO INVEST IN CAPE VERDE
 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
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INVESTMENT OPPORTUNITIES
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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”
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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..)
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INVESTMENT OPPORTUNITIES
 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
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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: [email protected]
Website: www.promex.org
2. Contact the Embassy of Cape Verde to the U.S.A.:
3415 Massachusetts Ave, NW, Washington, DC, 20007.
Tel: (202) 965-6820; Fax: (202) 965-1207
Email: [email protected]
Website: www.capeverdeusaembassy.org
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3. Visit Cape Verde
THANK YOU
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