The development of robust capital markets is crucial for attracting both domestic and international in-vestment. What initiatives has the Cape Verde Stock Exchange (BVC) undertaken recently to enhance li-quidity, broaden its investor base, and attract more listings from local and regional companies? What op-portunities does this present for in-vestors looking to access the grow-ing Cape Verdean economy? 

Cape Verde Stock Exchange has boosted the financial market and po-sitioned Cape Verde as an attractive destination for investors interested in sustainable emerging economies. 

For instance, in partnership with the UNDP, we have created the Blu-X platform (www.blu-x.cv) to facilitate the issuance and trading of sustainable financial instruments like green, blue, and social bonds. 

The development of Diaspora Bonds is also underway, with the aim of mo-bilising savings from the Cape Verdean diaspora for development projects. 

BVC is working on initiatives supported by the African Development Bank, including the Market Maker and REPO projects, to enhance liquidity. 

Among the recent initiatives is a partnership with the Luxembourg Stock Exchange, marked by a memorandum of understanding. As a result, the International Investment Bank's Blue Bond has already been dual-listed there. 

Finally, we have been internationally recognised by the awards for (i) Most Innovative ESG Initiative Western Africa 2024 and (ii) Best Social Bond Issuance in West Africa, granted by the Global Banking and Finance Review.

Financial technology (fintech) is rapidly transforming capital mar-kets globally. How is the Cape Verde Stock Exchange leveraging technology to improve efficiency, accessibility, and transparency for investors and listed companies? Are there opportunities for fintech companies to partner with the ex-change to introduce innovative trading platforms, data analytics tools, or other market infrastructure solutions? 

The BVC has made digitalisation a key pillar in modernising its operations. A clear example is the launch of the Blu-X platform. This fully digital infrastructure facilitates the issuance and trading of sustainable instruments with greater transparency, speed, and accessibility, including for diaspora investors. 

Moreover, digital acceleration is one of the core pillars of BVC’s Strategic Plan 21–25, which focuses on improving internal processes and market systems to ensure a more efficient experience for all stakeholders. This technological transformation has expanded BVC’s reach and enhanced its ability to meet the evolving demands of an increasingly agile and digital financial ecosystem. 

In recent years, BVC has also promoted a series of engagements with fintech companies, demonstrating its openness to collaboration to deliver ever more modern and efficient solutions to the market. 

Regional integration and cross- border investment are increasingly important in Africa. How is the Cape Verde Stock Exchange en-gaging with other exchanges in the West African region or beyond to facilitate cross-listings, harmonise regulations, and attract inter-national investors seeking expo-sure to the broader African market through Cape Verde? 

The BVC has actively strengthened regional integration and promoted cross-border investment. Participating in the West African Capital Markets Integration Council (WACMIC) is one of its most significant initiatives. This body brings together several stock exchanges from West Africa, namely BVC, Bourse Régionale des Valeurs Mobilières (BRVM), Ghana Stock Exchange (GSE), and Nigerian Exchange Group (NGX), to harmonise regulations, share infrastructure, and facilitate the free movement of capital across the region. This collaboration aims to build a more interconnected, attractive, and efficient regional financial market. 

These actions position the BVC as a bridge between African and international markets, enabling foreign investors to access opportunities in Cape Verde and potentially across the ECOWAS region.

Read the full report on Cape Verde in Global Investor 2025.