Global Investor News

A New Investment Era for Suriname

Sun, 26 Apr 2026 10:13:29 GMT

A New Investment Era for Suriname

H.E. Dr. Jennifer Geerlings-Simons, President of the Republic of Suriname

In July 2025, you made history by becoming Suriname’s first female President. As you steer the nation into this new chapter, what are your primary priorities to ensure political stability translates into tangible economic confidence for international investors?

Maintaining economic stability is the first priority, investors look for stability above all else. After several difficult years, Suriname has begun to see growth, and we are working to strengthen that progress.

We are focused on improving the structure and transparency of government, reinforcing macroeconomic stability, and growing national income beyond commodities. We want to diversify the economy by advancing education, expanding opportunities in the wood sector, and attracting investment in agriculture, infrastructure, and eco‑tourism.

At the same time, we are modernising our tax system to make it more attractive for investors while ensuring it generates sufficient revenue for the country.

Following the conclusion of the IMF’s Extended Fund Facility in March 2025, Suriname has seen stabilisation across key fiscal metrics, with GDP growth projected between 2.7% and 3.2% for 2025. Looking ahead, what fiscal and structural reforms will your administration prioritise to maintain this trajectory?

We intend to deepen reforms that support growth and improve the investment climate. A key focus is increasing export earnings and ensuring more value is retained in the country, while accelerating diversification.

Our priorities for the near term include agriculture, infrastructure, and tourism, alongside productive sectors such as housing and construction.

We are also strengthening the energy agenda, including gas‑to‑energy, and preparing for a stronger, more competitive economy in the years ahead.

With the Final Investment Decision secured for the US$10.5 billion GranMorgu development in Block 58, and first oil expected by 2028, how is your administration shaping the regulatory and commercial framework to attract new capital into oil and gas while ensuring long‑term national benefit?

Suriname already has a relatively well‑established framework supported by our state oil company.

The core priority now is governance, ensuring future revenues are managed responsibly to avoid instability and ‘Dutch disease’. We have sovereign wealth fund legislation in place, established in 2017 and later adjusted. We are improving it again, including changes following the removal of the escrow arrangement for royalties.

Our aim is to finalise updated legislation within this year, with clear mechanisms for receiving, investing, and managing revenues so that the funds are used productively, profitably, and for the benefit of future generations.

Suriname’s vast forest cover and environmental commitments position the country to benefit from carbon markets and sustainable tourism. How are you integrating sustainable investment into the broader economic strategy, and what opportunities exist for investors?

We are actively exploring carbon credit opportunities, including with international partners.

Our forests and nature are integral to our development agenda and create strong prospects for eco‑tourism and adventure tourism. We welcome companies and investors in tourism and related sustainable sectors, and we see these areas as complementary to long‑term diversification.

As Suriname deepens its ties within CARICOM and strengthens trade links with South America, where do you see the most immediate untapped opportunities for cross‑border investment and regional collaboration?

We have already begun discussions with neighbouring countries and partners in the region. Cross‑border opportunities are particularly strong in large‑scale agriculture projects, as Suriname has significant land resources, and there are also opportunities to exchange and connect tourism markets.

The Caribbean has strong beach tourism, while Suriname offers a different proposition, with nature‑based experiences, so we are looking at ways to create complementary flows. Infrastructure connectivity is also on the agenda, including discussions related to improved links towards northern Brazil.

We hope to be more concrete on regional initiatives within this year.

What additional message would you like to share with international investors looking at Suriname today?

Beyond diversification, we are open to investment in renewable energy, especially solar, to improve our energy mix.

Suriname already benefits from relatively green hydro resources, but we also rely on heavy fuels, and we want to increase solar capacity.

We are also prioritising education and skills development. In recent years, education has not received sufficient investment, but as the oil economy approaches, Suriname must ensure its people are prepared.

We are expanding training for young people, supporting those who dropped out, and developing hospitality education to strengthen the workforce that will drive the next phase of economic growth.

Creating A Competitive Investment Climate

Wed, 01 Apr 2026 17:13:35 GMT

GUAM: Creating a Competitive Investment Climate.

Honorable Lourdes Aflague Leon Guerrero, Governor Of Guam

Guam’s economy has shown recovery and growth, with GEDA reporting improved finances, stronger bond ratings, and rising US trade in 2024. What drove this performance, and what are your priorities for sustaining growth in 2025?
I believe that for investors and businesses to succeed, there must be a strong and financially stable government. Such stability enables us to provide essential services—health care, education, public safety—not only to the community but also to the business sector. Government and business cannot thrive without each other; they must work closely together.

When we assumed office in 2019, one of our first priorities was to stabilize government finances. At that time, we faced a general fund deficit of about $83 million. Within two and a half years, we eliminated it, and for the past four to five fiscal years we have ended each year with a surplus. Today, our cumulative surplus stands at over $110 million.
We achieved this despite the Covid-19 pandemic, which brought tourism—our largest economic driver—to a standstill. We reviewed all finances and found unused federal grants, which we redirected to cover many government operations, easing pressure on our general fund. We also enforced strict fiscal discipline, improved tax collection, and ensured that large corporations were properly licensed and paying the business privilege tax, currently at 5 percent. Military spending during this period also helped sustain our revenue base.

Tourism accounts for roughly 35 percent of our GDP, so its recovery is a priority. We are also attracting new investment—recently, a major foreign investor, Don Don Donki, opened here, and business appears strong.
Looking ahead, we are diversifying the economy. One area of focus is aquaculture, working with the University of Guam, the Guam Economic Development Authority, and partners in Taiwan to develop this sector for export, especially to Asian markets where seafood demand is high.

We are also positioning Guam as a hub for data communications and data centers. Strategically located between Asia and the United States, we already host 11 undersea cables and are working with Google on new connections to Australia and the South Pacific. Improved broadband access, supported by a major US federal grant, will make Guam more attractive to investors who require fast, reliable internet.

Another emerging sector is additive manufacturing, particularly for producing ship parts quickly to support military operations. We are partnering with GEDA, the University of Guam, and the Colorado School of Mines to ensure the quality of parts produced locally.
Through fiscal discipline, targeted investment, and economic diversification, we are working to sustain growth, attract investors, and maintain government stability for the long term.

What incentives or support mechanisms are in place to attract foreign direct investment into the Guam economy?
When investors look at a location, they want to be certain the laws are sound, the government is stable, and the environment is safe. They also want quality healthcare, a strong education system, reliable security, good infrastructure, dependable utilities—water, power, telecommunications—and we have all of that in Guam.
A major incentive we offer is our Qualifying Certificate Program. Investors who apply can receive tax rebates, waivers, or credits for set periods to help offset initial business costs. Our business privilege tax is just 5 percent, which is low compared to many other jurisdictions.

Our culture is welcoming and generous, and we have programs to train and upskill the workforce for business needs. Labor shortages are a challenge, but through Guam Community College and the University of Guam we can develop industry-specific training. For example, if an investor launches an aquaculture business, we can create tailored training to prepare workers for that sector.

Most of our overseas labor currently comes from the Philippines, with others from Korea, Japan, Taiwan, and occasionally Mexico. Demand is high in construction and healthcare. Our universities provide strong nursing, engineering, firefighting, policing, and teaching programs. Guam Community College also trains hospitality staff, childcare providers, and healthcare aides, and works with employers to create apprenticeship schemes. Employers who hire through these programs can also receive tax credits.

Another key advantage is that Guam is a duty-free island with no tariffs on goods sold locally. For exports, if at least 30 percent of a product is US-made, it can be shipped tariff-free. In the context of increasing US tariffs elsewhere, this is a significant benefit for manufacturers based here.

What innovative strategies is your administration implementing to accelerate the recovery of Guam’s tourism sector, attract diverse visitor markets beyond traditional ones, and enhance the overall visitor experience, thereby creating new investment opportunities in hospitality and related services?
We have conducted market research and surveys, using a consulting firm, to better understand changing tourist preferences. The findings show that visitors today seek more than beaches and shopping; they want experiences with depth—authentic culture, local cuisine, and a true sense of what Guam is about.

In response, we have worked closely with village mayors to develop attractions rooted in local identity. Some villages have built events around their signature produce. For example, Hågat, with its abundance of mango trees, hosts an annual Mango Festival, while Mangilao celebrates the Donne’ Festival, centred on hot peppers. Talo'fo'fo, known for its bananas, showcases dishes from banana pudding and cakes to fritters, coconut milk stews, and shakes.

These festivals not only draw tourists but also give them a genuine connection to our traditions and communities.

How is Guam strategically leveraging ongoing federal investments, including military construction and other appropriations, to stimulate private-sector growth and create long-term investment opportunities in infrastructure, housing, and supporting industries?
Geographically, Guam is part of the second island chain of defence, with the first island chain located around Taiwan. In the current geopolitical climate—marked by tensions between China and Taiwan—military planners are assessing how best to defend both the United States and Guam. The first island chain includes islands near Taiwan and several strategic points in the Pacific, while the second island chain comprises Japan’s Bonin Islands and Volcano Islands, Guam, the CNMI, the sovereign island nations of Palau, the Marshall Islands, Pohnpei, Yap, and Western New Guinea. The Philippines is generally considered part of the first island chain.

The United States recognizes Guam’s critical role in national security and is investing heavily to ensure the island is ready to respond to any potential conflict. Guam is regarded as a major strategic asset, a key step in US defence, and essential to maintaining security in the region. This has resulted in billions of dollars being invested in defence infrastructure. A significant example is the Japan–US agreement to relocate Marines from Okinawa to Guam. The Camp Blaz Marine Corps Base, funded by both the US and Japan, is now approximately 60–70 percent complete, and its construction has brought substantial military-related spending to the island.

These projects have generated a ripple effect throughout Guam’s economy, fuelling growth in population, commerce, and civilian construction. A visible sign of progress is the number of cranes and new buildings across the island. While military investment strengthens the economy and enhances sustainability, it is not a permanent solution. The current military build-up may last another five to ten years, but the community must focus on developing long-term, diversified industries.

Guam’s geographic importance also relates to protecting its waters and ensuring that commerce and trade operate in a neutral, fair, and democratic manner. This is a key reason for continued federal and military investment in the island.

Alongside defence-related development, we are working to diversify the economy, with tourism remaining a priority. One initiative we offer is airline incentives: guaranteeing blocks of seats for tourists to encourage carriers to maintain routes to Guam. This has been effective in attracting more visitors. Market research shows strong demand from travellers in Korea, Japan, and Taiwan. However, a shortage of available aircraft is limiting the frequency of flights. Airlines such as Korean Air, Jeju Air, and T'way Air have placed orders for new planes but have not yet received them quickly enough to meet current demand.

Read the full Guam Report here

The BVI and the New Era of Trusted Global Finance

Mon, 23 Mar 2026 19:13:38 GMT

The BVI and the New Era of Trusted Global Finance

Elise Donovan, CEO, BVI Finance

2024 was described as a year of 'exceptional transactions' and resilience for the BVI. What were the primary drivers of this growth, and how has the BVI maintained this momentum amidst global geopolitical volatility?

We are seeing growth across all categories, including continuations, foreign companies, funds and private trust companies, and this is reflected in real transaction flow. These transactions span Latin America, Asia, the United States, Europe and the Middle East, and almost invariably include a suite of BVI entities, whether as holding companies, financing vehicles, joint ventures or fund structures. Our expertise continues to underpin private equity, venture capital, sustainable finance, digital assets and IPOs on major exchanges.
This activity underlines what we set out in our Beyond Globalisation report, which shows the BVI facilitates cross-border business worth some US$1.4 trillion. In a world of trade tensions, sanctions and rising protectionism, investors and corporates are seeking neutral, well-regulated and reliable hubs. The BVI meets that need by offering robustly regulated structures, jurisdictional neutrality, legal and commercial certainty, and political and economic stability.
We continue to strengthen our legal framework, including annual company law reforms. The Government recently adopted a legitimate-interest approach to beneficial ownership transparency, ensuring competent authorities have appropriate access to information, while respecting the constitutional right to privacy and commercial confidentiality. The Caribbean Financial Action Task Force recently assessed the BVI as fully/largely compliant with technical standards. The Territory has already implemented around 80% of the more than 40 recommended measures and is working toward full alignment over the next two years. These factors help explain why investor confidence in BVI structures remains strong. Since the introduction of international business companies in 1984 , the jurisdiction has continually strengthened its systems and regulatory framework to meet real-world market needs and sustain a trusted ecosystem for global business.

You have spoken about a global 'flight to quality,' where investors are prioritising jurisdictions with strong regulatory frameworks and stability. How is BVI Finance actively leveraging this trend to attract institutional investors who might be reconsidering other, less regulated international financial centres?

When I speak about a “flight to quality”, I mean that global investors are increasingly seeking jurisdictions that demonstrate real resilience and integrity, particularly after the scandals in areas such as cryptocurrency, digital assets, sanctions breaches, pyramid schemes and money laundering. Against that backdrop, there are three points I want to emphasise.
The first is robust regulation. By this, I do not mean cosmetic rules, but genuine alignment with international standards backed by a strong, credible regulatory regime. The second is meaningful transparency. As I have noted, our competent authorities can access information quickly and effectively, while we still uphold the constitutional right to privacy and commercial confidentiality.
The third point is global connectivity. This is an essential marker of a quality jurisdiction. The major global law firms operating here all have corresponding offices across Europe, Asia and Latin America. Many of our clients choose the BVI because we can support cross-border business in real time. If someone in China calls, they expect an immediate response; you cannot wait until the BVI working day begins. You need professionals who can operate across time zones and have the cultural and linguistic capacity to engage effectively.
That is the quality the BVI offers: global expertise, delivered in your own language, with real-time connectivity and the professional infrastructure expected of a modern, cross-border financial centre.

BVI Finance was a key participant at AFSIC in London this year. Reflecting on your engagement with African business leaders and investors at the conference, what key synergies did you identify between the BVI’s financial services offer and the capital requirements of the African market, particularly in facilitating cross-border trade?

Africa’s growth story and the BVI’s strengths are increasingly complementary. Across the continent, there is a powerful convergence of factors: one of the world’s youngest and fastest-growing populations, a dynamic FinTech and digital ecosystem, and significant infrastructure and energy needs. In many areas, African FinTech businesses are global leaders. Kenya, for example, pioneered mobile payment technology through M-Pesa almost two decades ago, long before many developed markets adopted similar systems. That capacity to leapfrog is now shaping the continent’s broader digital economy.
The African Continental Free Trade Area is designed to facilitate easier cross-border business within the region. As I have emphasised, this aligns closely with what the BVI provides: a trusted, neutral and efficient platform for cross-border investment and corporate structuring. Much of the investment flowing into Africa over the past decade has originated from China, and the BVI has long played a significant role in enabling those flows. Earlier editions of the World Investment Report showed the BVI as the second-largest foreign direct investor in China after Hong Kong, underscoring the importance of our jurisdiction in channelling capital flows into and out of the world’s major economies.

The full BVI Report will be published in Global Investor 2026.

Why the BVI Remains a Global Product for Cross-Border Capital

Thu, 05 Mar 2026 07:38:53 GMT

Why the BVI Remains a Global Product for Cross-Border Capital

Jeffrey Kirk, Managing Partner, Appleby (BVI) Limited

Appleby BVI is celebrating 20 years in the British Virgin Islands, having opened its office in 2005. With global capital moving across jurisdictions under tighter compliance expectations, Appleby BVI continues to be recognised for excellence. How do you define your positioning today, and what keeps the BVI attractive to international investors?

In financial services, the real differentiator is always people: technical quality, judgement, and professionalism. Appleby’s culture is collegiate and dynamic , which clients value when transactions get complex or time-sensitive.

On the jurisdiction, I’ve long viewed the BVI as one of the most global products in the offshore world. It has deep historical links to Asia, but today the client base is genuinely international, spanning Asia, the Middle East, Europe, Africa and North America. Appleby’s broader footprint supports that: we have a long-standing presence in Hong Kong and offices in mainland China, which helps with China-related offshore work. And for certain Africa-linked investments, Mauritius can also play a structuring role, often alongside BVI entities, depending on objectives.

What deal and capital markets trends are most pronounced right now?

The standout growth area is fintech, covering crypto, tokenisation, blockchain and related platforms. That sits alongside continued strength in capital markets, including BVI companies listing on major exchanges. On the M&A side, we’re seeing sustained momentum, with activity in sectors such as oil & gas and consolidation among corporate and fiduciary services providers.

Another significant shift is that the work is increasingly sophisticated. Historically, many BVI entities held a single asset. Today, compliance and reporting expectations are higher, and we’re seeing more multinational, transaction-led structures. We also see more restructuring: simplifying group charts, collapsing redundant entities, and reducing administrative burden. Multi-jurisdictional transactions remain common, with BVI elements appearing alongside those of Cayman, Bermuda, Jersey, Guernsey, and others, depending on the asset and investor profile.

Which fund structures and strategies are gaining traction?

ESG remains part of the global conversation, particularly on governance. Structurally, the BVI has developed several practical options: approved managers (a genuine BVI success story), incubator and approved funds for emerging managers, modernised limited partnerships for private equity-style strategies, and segregated portfolio companies (SPCs) for umbrella funds, cell captives and risk ring-fencing. We’ve also seen innovative SPC use for family office planning, with portfolios aligned to different branches or beneficiaries. In specific fintech contexts, particularly on DeFi platforms, companies limited by guarantee (not authorised to issue shares) may also be relevant, depending on the model.

Strategy-wise, we see continued venture capital activity, including fintech-focused VC, as well as interest in tokenised products and private credit / lending-style funds.

How is compliance shaping investor confidence, and what should investors understand about the BVI’s direction of travel?

There is no going back on compliance expectations. AML, proceeds of crime, and sanctions checks are taken extremely seriously. Specific sectors, including fintech, are treated as higher risk and require enhanced due diligence, deeper source-of-funds work, closer scrutiny of beneficial ownership, compliance and sanctions checks, governance, and more frequent refreshes.

A common misconception is that offshore equals “light-touch.” In practice, onboarding can be demanding, and banks and service providers are cautious. The message for investors is straightforward: credible structuring now depends on transparency, substance and robust governance.

Looking ahead, what will define the BVI’s competitiveness over the next phase?

The jurisdictions that will succeed are those that combine commercial practicality with credibility. That means modern legislation, strong professional services, and a compliance framework that supports genuine cross-border activity. The BVI has built that over time, and the opportunity now is to keep serving global capital as transactions evolve.

This interview will be published in the upcoming Global Investor 2026

Guam’s Strategic Growth And Investment Prospects

Tue, 20 Jan 2026 11:36:33 GMT

Guam Strategic Growth and Investment Prospects

Interview With Christina ‘Tina’ Garcia, Ceo/Administrator, Guam Economic Development Authority

Guam’s economic outlook for 2025 and 2026 highlights increased economic activity due to ongoing construction, including the progression of the Camp Blaz Marine Corps base, missile defense construction, and other private and government projects. How is GEDA leveraging these significant infrastructure developments to create new investment opportunities, particularly in supporting industries or related services?

Guam is in a unique position with the military. The Marine Corps is building Camp Blaz, the first new Marine base in more than 40 years, which will essentially double the military population here. We are supporting this growth with hotel and business investments, but also through new opportunities such as additive manufacturing and 3D printing.

This technology allows us to produce key components locally rather than waiting for parts to be shipped from off-island.

With the Navy’s support, we are working with Astro America to establish this capability in Guam. It will not only improve repair times for submarines and other equipment, but also create a new industry requiring specialized engineering skills. To meet that need, the University of Guam is developing a new program in partnership with the Colorado School of Mines.

Alongside this, we are looking to expand Guam’s maritime industry. As our shipping and ship repair sectors grow, we want more training programs so locals can qualify as captains, operators, and engineers. Institutions such as the University of Guam, Guam Community College, and the Guam Contractors Association are already developing boot camps and internships to build these skills. The Port Authority of Guam, which handles 90 percent of our imports, must also be modernized to support this growth.

Education and infrastructure are equally important in healthcare. We are building a new state-of-the-art medical complex to serve both the community and the military, with facilities such as helipads for emergency response. The military has chosen to partner with us rather than expand its own naval hospital, and is also investing in infrastructure—water, power, and road systems—to support the wider population growth.

Beyond tourism and military construction, we are pursuing agriculture and aquaculture to make Guam more self-sustaining and to supply high-quality products to Asia. Investors are interested in shrimp and fish farming, as well as hydroponics and specialized crops like honey, lettuce, and melons. Guam’s clean air and water make our produce highly attractive to mid- to high-end markets in Asia.

We also see potential in advanced manufacturing. With ongoing trade tensions between the US and Asia, companies are looking at Guam as a US territory where they can establish facilities, transform raw materials, and ship duty-free to the US mainland. This positions Guam as both a gateway to Asia for American companies and a gateway to the US for Asian investors.

In short, while tourism and defense remain central, we are actively developing new industries in high-tech manufacturing, maritime services, agriculture, and education. These opportunities will diversify Guam’s economy and create long-term growth.

GEDA has promoted economic diversification in sectors such as tourism, agriculture, high-tech manufacturing, data centers, pharmaceuticals, healthcare, circular economy, and captive insurance. Which sectors currently present the most compelling investment opportunities for international investors in Guam, and how is GEDA tailoring incentives and investor services to support those?

Tourism remains the primary driver of our economy, and we continue to work closely with new hotel and retail investors. The Pacific Star Hotel, for example, was recently purchased and will undergo a $100 million upgrade to serve both the military and tourism sectors. Other hotels, such as the Westin, are also in transition, signaling strong investor confidence.

Our golf courses, too, remain a major attraction—Mangilao Golf Course, with its signature hole over water, is especially popular, not only for the course itself but also for its restaurants.

Beyond tourism, we are actively developing other growth areas. Healthcare is one. We are building new specialty clinics, pursuing partnerships with hospitals in Taiwan, the Philippines, and Korea, and expanding pharmaceutical opportunities. The University of Guam is also establishing a new CDC laboratory, which will allow us to conduct testing locally rather than sending samples off-island.

Housing is another priority. With rising demand, especially after Typhoon Mawar, we see potential in affordable and resilient home construction. Precast walls and concrete slabs are now being introduced to accelerate development, while maintaining the high building standards that helped Guam withstand the typhoon with minimal damage.

Sustainability is central to our growth strategy. The Guam Power Authority is transitioning to renewables—solar, biofuel, and geothermal—while we continue to promote investment in green technologies.

To attract and retain investment, we rely on our main incentive tool, the GEDA Qualifying Certificate (QC) program. This allows businesses to receive a rebate of up to 75 percent of income tax paid to the government of Guam for up to 20 years. It is unique to US territories and has already proven highly effective in attracting hotel and manufacturing investors.

We are also advancing plans for a Science and Technology Park. Guam is rapidly becoming a communications hub, with undersea cables equal in scale to those passing through Taiwan. GTA Teleguam, a local telecom provider, is building a new data center capable of handling multiple major cables, while Google has announced two additional connections linking Guam to Southeast Asia. This infrastructure strengthens our position as a digital gateway between the US and Asia, attracting investment in sectors such as cloud services and call centers.

Our airport is another strategic asset. Airlines from Asia use Guam for training in US FAA procedures, and recent changes in law now allow long-term hangar leases of up to 50 years. This opens opportunities for carriers such as Japan Airlines to establish permanent facilities here.

Finally, we are expanding our export capacity. Through the STEP program, we have deepened ties with Japan and Korea, supporting local businesses to meet international import requirements and position Guam-made products—whether in agriculture, aquaculture, or consumer goods—for regional markets. Tourists already recognize and buy these products on-island; seeing them abroad creates both excitement and demand.

At its core, Guam is America’s gateway to Asia. It is an excellent place to start a business and access two of the world’s largest markets.

As a final message to participants at the World Business Forum in New York: you have highlighted the many projects underway in Guam and the wide range of opportunities available for both local and international investors from the US, Canada, and beyond. What would you like to say to these potential investors attending the Forum?

Guam is open for business. We are at a turning point in our economy, with growing opportunities both in the United States and in Asia. For countries outside the Asia-Pacific region, it is important to understand that Asia is the biggest market in the world. Within a 3,000-mile radius of Guam, there are 4 billion people. That is an enormous opportunity.

While the United States is encouraging manufacturing to return to the mainland, Asia remains the largest market. We believe Guam has the right incentives to attract companies to establish themselves here. On workforce development, we may not have the capacity immediately, but our universities are quick to respond by creating programs to train workers in manufacturing, pharmaceuticals, and other industries. The University of Guam, for instance, is establishing an engineering school to strengthen this effort.

Workforce readiness is a key factor in business location decisions, and we are investing in making sure that companies have the support they need. Guam also has a strategic advantage in geography. If your market is Asia, Guam is the natural location to manage operations. For US and Atlantic markets, we position Guam as the gateway to Asia. For Asia, we present Guam as the gateway to the US.

This dual advantage underpins our efforts to diversify the economy in areas such as manufacturing, technology, and communications. We have the ability to create new incentives tailored to the needs of investors. A recent example is our special Hotel Qualifying Certificate, designed specifically to encourage hotel development. Investors receive different benefits under this scheme compared to the standard QC, with incentives for both new projects and renovations.

For example, a 400- to 500-room condo-hotel project in Tumon is expected to break ground soon, and the Pacific Star Hotel renovation is also taking advantage of this program. These initiatives are detailed on our investguam.com website.

At its core, Guam is America’s gateway to Asia. It is an excellent place to start a business and access two of the world’s largest markets. We are ready to support investors, and Guam offers not only opportunity but also safety, family-friendly living, and a rich cultural experience.

Visitors experience this at events such as the Tumon night market, which showcases our diverse communities—Filipino, Japanese, Korean, Vietnamese, and many others. This cultural mix is reflected in our authentic food and traditions, making Guam a true melting pot.

Looking ahead, we are focused on industries where we know we can succeed. Tourism remains central, but we are also pursuing pharmaceutical manufacturing, captive insurance, and advanced manufacturing. Above all, Guam will continue to support US military operations, which are already driving significant growth.

The military build-up is creating demand for new malls, strip centers, and countless services—from dry cleaning to construction—because when the population grows by 20,000 people, the need for goods and services grows with it.

In short, Guam offers a stable, strategic, and welcoming environment. We cannot be everything to everyone, but in the areas where we excel, we provide investors with real opportunities to grow with us.

Read the full GUAM report here

Strengthening Mauritius’ Credit Culture and Capital Markets

Thu, 27 Nov 2025 12:37:54 GMT

Strengthening Mauritius’ Credit Culture and Capital Markets

Saurav Chatterjee, Director & Chief Executive Officer, Care Ratings (Africa) Private Limited

What do you consider the most significant achievements in developing Mauritius’ credit rating culture and capital markets?

Prior to 2017, around the time when CARE Ratings (Africa) Private Limited began operations, Mauritius’ bond market was virtually non-existent, with total outstanding bonds (rated and listed) amounting to less than MUR 15 billion. Further, banks were the primary investors in these bonds.

The initial ratings assigned by CARE Ratings (Africa) Private Limited in 2016 and 2017 provided confidence to the local investors about the credit quality of leading issuers in the country, attracting a broader participation from insurance companies, pension funds, and high-net-worth individuals (HNWIs). The expanding investor base has fuelled strong growth, with the Mauritian bond market now crossing MUR 120 billion (USD 3 billion) in size, despite the non-mandatory nature of credit ratings.

In addition, many investors and lenders, including pension funds and non-bank financial institutions, rely on our credit ratings to assess the risk-adjusted returns within their portfolios. This enables the efficient allocation of capital, aligning with investor preferences and balancing risk and reward across the capital market.

The trust of the investment community in our ratings and the issuers has expanded their participation, in turn, enhancing market liquidity, stability, and continued growth. Further, the lending and investment approach in Mauritius has also been transformed, from a traditional asset-based lending to a more progressive cash flow-based model.

CARE Ratings (Africa) Private Limited has rated nearly 100 institutions in Mauritius across both private and public sectors. Can you share insights on how this has contributed to greater financial transparency and investor confidence in the Mauritian economy?

Credit ratings enhance the transparency of a country’s financial markets. Every rating assigned by CARE Ratings (Africa) Private Limited is accompanied by a detailed rating rationale, freely accessible on our website.

These reports provide an independent and objective analysis of a company’s business and financial risk profile, with a future perspective. This information and analysis not only empower the investors to make well-informed decisions, but also fosters a culture of accountability among issuers, critical for sustaining the growth and credibility of Mauritius’ bond market.

Once an entity is rated, we conduct ongoing surveillance through annual reviews, closely tracking the company’s financial and operational performance. This disciplined oversight also reinforces investor confidence, thus fostering trust and transparency.

Further, our rating criteria and sector-specific methodologies are also published on the website of CARE Ratings (Africa) Private Limited. This brings greater visibility to the creditworthiness, governance standards, and operational strengths of rated entities.

How would you describe the evolution of regulatory engagement, and what policy-level progress have you seen in the local debt and capital markets?

Over the past decade, Mauritius has made remarkable strides in developing a vibrant local currency bond market. Regulators and policymakers have worked consistently to enhance market efficiency, strengthen transparency, and safeguard investor interests. In close consultation with stakeholders, they have introduced guidelines that require, among other disclosures, the documentation of the intended use of proceeds and the pricing of proposed bond issues.

When Care Ratings (Africa) Private Limited was established in 2014, the credit rating market was still at a nascent stage. For instance, at that time, the two largest corporate bonds were rated only after issuance. Since then, the landscape has shifted considerably. Increasingly, issuers are seeking credit ratings ahead of issuance, recognising that a robust, independent rating can help them meet regulatory requirements, achieve more competitive pricing, and inspire greater investor confidence.

As of June 2025, approximately 75% of the corporate bond market in Mauritius has been rated. CARE Ratings (Africa) Private Limited has played a pivotal role in this transformation, providing investors, lenders, issuers, and regulators with clear, transparent, and concise rating rationales.

What strategic role will Mauritius play in CARE Ratings (Africa) Private Limited’s broader African growth story?

Mauritius is one of the three countries in the continent to have an investment-grade sovereign rating from CARE Ratings Limited, indicating the country’s macroeconomic discipline and political stability. The country’s legal framework, based on English common law, further enhances its appeal as a financial gateway. Combined with currency convertibility, a liberalised capital account, and a robust compliance environment, Mauritius offers a level of transparency and predictability that is often lacking in many emerging markets.

CARE Ratings (Africa) Private Limited has long recognised these strengths and the strategic value of operating out of Mauritius. Over the years, the country has played a central role in our efforts to promote a ratings culture and support the development of local capital markets.

As CARE Ratings (Africa) Private Limited broadens its presence across the continent, most recently marked by the launch of CareEdge South Africa, Mauritius will continue to serve as a vital base.

Mauritius: A Strategic Financial Gateway

Tue, 25 Nov 2025 17:04:10 GMT

Mauritius: A Strategic Financial Gateway

Mehul Pandya, Managing Director And Group Ceo, Care Ratings Limited

CARE Ratings Limited has grown to be one of the top ten credit rating agencies globally. What have been the key milestones and strategies behind this growth, particularly in the Indian market?
CARE Ratings Limited is a full-service rating agency and currently the second largest in India. Achieving and maintaining this position in a highly competitive market—dominated by the three global leaders, S&P, Moody’s, and Fitch through their Indian subsidiaries—has been a defining achievement for us. This consistency reflects our deep commitment to the quality of our ratings, the strength of our customer service, and the value we place on building enduring relationships with stakeholders. It also highlights the trust that investors and issuers have placed in us over the years.

One of the cornerstones of our success has been our unwavering focus on the ratings business. While many peers have diversified aggressively, we have prioritised our core expertise, ensuring that our methodologies remain rigorous and our analyses thorough. This singular approach has kept us relevant in an evolving market and ensured that we remain a trusted voice for investors.

In parallel, our expanding global footprint has given us valuable insight into international risk dynamics and rating trends. This cross-border experience strengthens our ability to contextualise credit risk, particularly in emerging markets. We are also carefully diversifying into analytical adjacencies, but in a measured manner that complements rather than dilutes our primary focus.

What drives your vision for Africa, and how do you see the region evolving in terms of credit markets and investor confidence?
Our connection to Africa is long-standing. For over a decade, we have operated in Mauritius —a jurisdiction that serves as both a financial hub and a gateway to the continent. Through this base, we have gained a deep appreciation of Africa’s vast economic potential, as well as the structural challenges it faces in building mature financial markets.

Drawing from our experience in both the Indian and Mauritian markets, we believe that developing local currency financial and credit markets should be a top priority for African policymakers and regulators. Such development would reduce dependency on foreign capital, build robust domestic savings pools, and mitigate the risks associated with currency fluctuations.

Strengthening local markets would also create more resilient economies capable of funding essential infrastructure, climate change adaptation, and other national priorities without being unduly vulnerable to shifts in global capital flows. Over time, these structural improvements would foster greater investor confidence, which is crucial for long-term, sustainable growth.

What are some of the most impactful partnerships and policy contributions the agency has made in Mauritius?
In Mauritius, CARE Ratings Limited has become a dominant force, holding a 98% market share in the rated universe and having rated debt instruments worth more than US$3 billion. This influence has brought greater transparency to the country’s capital markets and banking system, enabling institutional investors and banks to make more informed credit and investment decisions.

Our success in Mauritius has been made possible by strong regulatory support. The Financial Services Commission (FSC) licensed us as a rating agency, and the Bank of Mauritius (BoM) recognised us as an External Credit Assessment Institution—both critical enablers of our market role. Equally important has been the trust and support of our equity partners: the African Development Bank (AfDB), MCB Equity Fund, and SBM Holdings.

Over the past decade, we have helped diversify the investor base beyond banks to include insurance companies, pension funds, and fund managers. We have also expanded the issuer base to more than 100 companies and contributed to building a credible local currency bond yield curve—an essential benchmark for pricing and investment decisions.

How do you see CARE Ratings Limited’s approach differing from other global agencies, and what role will your sovereign risk assessments play for emerging economies, especially in Africa?
Our sovereign ratings methodology is grounded in five key pillars: economic structure and resilience; fiscal strength; external position and linkages; monetary and financial stability; and institutions and governance quality. For each pillar, we analyse a mix of quantitative and qualitative indicators to evaluate a country’s capacity to meet its debt obligations over the long term.

What distinguishes our approach is our emphasis on transparency and consistency. We apply the same thresholds and benchmarks across all economies, regardless of income level or development stage, and we place a stronger reliance on objective, data-driven parameters—particularly in our economic and fiscal assessments. This approach reduces subjectivity and builds investor confidence in the comparability of our ratings.

We also focus on unique factors often overlooked by others. For example, we use capital expenditure (Gross Fixed Capital Formation) as a leading indicator of an economy’s future growth potential. We assess progress on energy transition as part of our sustainability analysis. We evaluate the extent of domestic funding in government finance, as this reduces exposure to volatile international markets. And we closely examine an economy’s resilience—its ability to withstand shocks and recover from crises.

By combining methodological rigour with a strong local presence in Africa, we aim to deliver sovereign ratings that are both globally consistent and locally relevant—helping investors, regulators, and policymakers make better-informed decisions.

Positioning Ghana as Africa’s Investment Gateway

Mon, 10 Nov 2025 09:26:08 GMT

Positioning Ghana as Africa’s Investment Gateway

Simon Madjie , CEO of the Ghana Investment Promotion Centre (GIPC)

With the implementation of the African Continental Free Trade Area (AfCFTA), how is the GIPC positioning Ghana as a preferred investment destination?

The Ghana Investment Promotion Centre (GIPC) is taking deliberate steps to cement Ghana’s position as a gateway for investment into Africa. A dedicated AfCFTA Desk has been established to support Ghanaian businesses expanding into Africa, intra-African investors entering Ghana, and foreign investors using Ghana as a launchpad into the wider continent.

The GIPC is reviewing its legislation to align with the AfCFTA Investment Protocol, including removing minimum capital requirements that may hinder cross-border investment. It will also collaborate with other African Investment Promotion Agencies (IPAs) and carry out targeted investment missions to showcase Ghana’s sector opportunities, competitive advantages, and regulatory reforms.

Additionally, the Centre is fast-tracking Technology Transfer Agreements (TTAs) to help local firms integrate into Regional Value Chains (RVCs). Close cooperation with key institutions like the Registrar of Companies, the Bank of Ghana, and Ghana Statistical Service will further improve services and ease of doing business for intra-African investors.

The government’s 24-hour economy policy is gaining traction. How is GIPC aligning investment promotion with this initiative?

To support this transformative policy, the GIPC is establishing a dedicated 24-Hour Economy Desk in coordination with the national secretariat. This Desk will guide investors to priority sectors and help them access tailored incentives.

A 24-hour Premium Service has been launched to expedite registrations, renewals, and processing of Automatic Immigrant Quotas. The Centre’s Technology Transfer Unit has significantly improved efficiency—reducing TTA registration times from two and a half years to just four weeks, and renewals to four-to-eight weeks.

The GIPC will promote opportunities in key sectors such as manufacturing, logistics, ICT/BPO, agro-processing, and energy, using sector-specific strategies to attract investors aligned with the round-the-clock economic model.

How is the GIPC leveraging the US$10 billion ‘Big Push’ infrastructure programme to attract investment?

Infrastructure is a core pillar of Ghana’s growth agenda, and the GIPC is playing a leading role in attracting investors to the government’s ambitious Big Push.

The Centre is identifying and structuring bankable projects in transport, logistics, and energy and promoting them globally. Through the Investment Opportunity Mapping Programme (IOMP), the GIPC is spotlighting critical infrastructure gaps and matching them with both domestic and foreign capital. It is also working closely with Ministries, Departments, and Agencies (MDAs) to prepare targeted PPP projects.

Support is being provided to regional stakeholders and Ghana’s diplomatic missions to equip them with effective investment pitches. Incentives will be offered to strategic investors, particularly those funding projects in underserved areas. The Centre is also engaging with sovereign partners—including China, the UAE, and the EU—and the Ghanaian diaspora to co-finance these initiatives.

You’re mapping investment opportunities in all 261 districts. How will this impact regional development?

This nationwide profiling effort is designed to spotlight underdeveloped areas with untapped investment potential. It gives investors easy access to data on land, infrastructure, local resources, and incentives. The project empowers District Planning Officers, enhancing their capacity to respond to investor needs and enabling them to act as active facilitators.

The initiative targets the launch of over 50 new investment projects across districts, with an estimated 31,000 jobs created. By developing district-specific incentives such as tax breaks and showcasing each district’s unique value propositions, the GIPC aims to balance regional development and stimulate local economies.

This model draws inspiration from countries like Rwanda and Kenya and aims to connect regional assets to broader markets, including those under the AfCFTA.

Are there specific projects you would highlight to our global investor audience?

Yes. In agriculture, we’re prioritising the establishment of 50 farmer mechanisation centres to increase productivity and value addition. In health, projects include completing the Agenda 111 hospitals, building a 500-bed children’s hospital, and a new cancer treatment centre. There are also plans to expand Ridge Hospital into a teaching facility.

Tourism presents exciting opportunities, including the revival of the Marine Drive Project—a major redevelopment of 240 acres of Accra’s coastline—and the refurbishment of the historic Osu Castle.

In infrastructure, road dualisation is planned for the Accra-Kumasi, Accra-Takoradi, and Accra-Aflao highways. The energy sector is also a key focus, with plans to build a second gas processing plant, three oil refineries, five hydrochemical plants, and ten tank farms. These projects reflect Ghana’s commitment to large-scale, high-impact investment that benefits both investors and local communities.

Read the Full report on Ghana here .

Cape Verde’s Renewable Drive

Wed, 20 Aug 2025 17:14:39 GMT

Cape Verde’s Renewable Drive

Alexandre Dias Monteiro, Minister Of Industry, Commerce, And Energy

Cape Verde has operationalised its largest solar plant on Sal island and launched a tender for a 10 MW solar project in Praia. How do these initiatives align with Cape Verde’s goal of achieving over 50% renewable energy penetration by 2030, and what opportunities do they present for investors in the re-newable energy sector?

We have abundant wind and solar potential year round, but the main challenge lies in technology and financing specifically, transforming these intermittent sources into reliable electricity and building the necessary infrastructure to shift from a fossil-based to a renewable energy matrix.

Our strategy focuses on achieving this transition in a sustainable and affordable way. That means we must ensure not only efficient investments but also efficient financing models. Overall, we estimate that Cabo Verde will need around €500 million in investment by 2030, covering production capacity, grid improvements, and energy efficiency. Of this, 60% is expected to come from private investors. To support affordability, we rely on blended financing–a mix of private capital, concessional public funds, and grants–which helps lower the cost of energy production.

Since launching our renewable energy plan in 2018, we have seen a strong and growing response from the private sector. At present, renewable energy accounts for around 20% of our electricity supply, though it fluctuates. Projects already completed and those coming online this year are set to raise that to approximately 35%. We also have a solid pipeline of initiatives aligned with our 2030 horizon, putting us firmly on track to exceed 50% renewable penetration.

Storage technologies are essential to be able to make the energy transition. How is the government encouraging investment in energy storage, and what are the prospects for public–private cooperation in this area?

Yes, storage infrastructure is essential given the intermittent nature of our energy sources. We have sun during the day but need energy at night, so the solar energy profile alone justifies investment in storage. We have a clear plan that guides our investments in both capacity and technology - ranging from conventional batteries to solutions like those deployed on Santiago Island, which accounts for nearly 50% of national energy consumption.

We are also advancing with a pumped storage solution, essentially water storage, that will provide up to 160 MWh of capacity. It is a major infrastructure project, and like other key initiatives, it is being driven initially by public investment.

In parallel, we are investing in conventional batteries across several islands, including here in Praia on Santiago. These projects involve both public and private players. Batteries are not only useful for storage, but also for stabilising the grid. We offer the same investment incentives for battery infrastructure as we do for wind or solar generation.

Beyond fiscal and customs incentives, what truly strengthens the investment environment is our political and economic stability. These are long-term projects–often structured as public-private partnerships with 15- to 20-year contracts–so a stable framework is vital. We operate under a fixed price model set by the regulator, with a ceiling and competitive bidding. The law also anticipates price reductions over time, especially after the first 10–15 years. Without stability, risk increases, and so do initial prices. Our stable environment helps keep those risks and costs down.

We also have a regulated energy market overseen by an independent body. This ensures transparency and gives investors the confidence that they will recover their capital. Together with our strategic energy plan–which outlines goals for production, storage, and grid development–these elements provide predictability and foster investor trust. All are part of the broader effort to realise our energy transition.

How is Cabo Verde aligning its energy transition with industrial development and broader economic goals?

Much of what we are doing in the energy transition is closely linked to our broader strategy of positioning Cabo Verde as a hub for green industries supported by green technologies. We are laying the foundation to attract such industries, and part of this involves evolving toward green hydrogen, which we see as a viable energy solution for industrial applications.

For example, we are working to reduce food imports by increasing domestic production and processing, particularly to serve our tourism sector. This is supported by integrated programmes that combine agriculture, renewable energy, and water management. By changing our energy matrix, we also reduce our reliance on fossil fuels, which currently account for around 14% of our imports.

Our strategy is about more than sectoral plans–it is a comprehensive development approach grounded in our Sustainable Development Strategy. This strategy ensures coordination and alignment across sectors, especially between energy, tourism, and digital infrastructure. Sustainable tourism, in particular, has become a strong accelerator of the energy transition.

Ultimately, our ambition is clear: to achieve sustainable, inclusive growth by 2030–more jobs, more renewable energy, less dependence on fossil fuels, and greater resilience. Strengthening the confidence of private investors through coherent planning and coordination across sectors is fundamental to reaching that goal.

Read the full report on Cape Verde in Global Investor 2025

Cape Verde’s Sovereign Fund: Driving Economic Diversification and Investment Opportunities

Tue, 05 Aug 2025 10:53:51 GMT

Cape Verde’s Sovereign Fund: Driving Economic Diversification and Investment Opportunities

João Fidalgo, Chairman, Sovereign Private Investment Guarantee Fund

With the increasing focus on economic diversification, how is the Sovereign Private Investment Guar-antee Fund (FSGIP) channelling in-vestments to support emerging sectors, and what opportunities ex-ist for investors looking to participate in this diversification strategy?

I see the Sovereign Fund as a complementary mechanism to support the financing of the Cape Verdean economy, particularly by strengthening the private sector. Our focus is on empowering large-scale companies that have a significant impact on economic, social, and environmental sustainability.

Cape Verde faces important development goals for 2030, especially around sustainable development. The fund is fully aligned with the national objective of economic diversification. One of the most promising areas for this is the blue economy. As an island nation, Cape Verde is nearly 99% surrounded by the sea, which presents immense potential namely in fishing.

While artisanal and semi-industrial fishing currently dominate, we are exploring support for the development of industrial fishing, with better capacity for catch rates and conservation. Although the sector contributes modestly to GDP, it is a strong job creator. We are also working through regional partnerships, such as those with Senegal, to enable large-scale vessels that can take the industry to the next level.

Beyond fishing, maritime connectivity is crucial. We are looking at vessels that can enhance domestic economic activity through improved cargo and passenger transport, as well as more effective marketing channels. Several projects in this area are currently in the financing stage, with support from international partners.

The Sovereign Fund will play a key role in turning these initiatives into reality.

Connectivity challenges extend to air transport as well. National entrepreneurs are developing small-scale air mobility projects, and we are encouraged by their potential.

Operators from the diaspora are also returning –not just with equipment, but with valuable knowledge and management expertise.

In the renewable energy field, Cape Verde is rich in wind and solar re-sources. One of the most pressing concerns is the high cost of energy, which is largely due to fossil fuel imports. The government has committed to increasing the use of electric vehicles and renewable sources by 2040–50. For example, we already have a renewable energy project underway on the island of Sal, and a similar initiative is being considered for Santiago.

Lastly, we are also advancing the circular economy, especially in waste management and plastic reduction.

We have already seen sovereign funds helping in the growth of the economy in other African countries such as Nigeria, Botswana, and Zambia, mainly because they bring the private and public sectors to-gether. How confident should in-vestors be in the potential of the FGSIP, given that it is relatively young?

We need to start with communica-tion–both dissemination in key forums and engagement at the national level. It is vital that we understand the role of the Sovereign Fund in boosting and energising the private sector. Cape Verde faces significant chal-lenges, particularly around achieving inclusive economic growth.

We need to reduce poverty, lower unemploy-ment, and, ideally, double our GDP in the near future. Growing at 5% is positive, but it is not enough to lift us out of our current economic status. We need more substantial, sustained growth.

At the end of the day, it is businesses that drive the economy.

Our private sector is made up of around 90% micro and small-to-medium enterprises. While these are essential, we also need to develop a stronger base of large-scale companies. There is room for growth across sectors – tourism, banking, transport, and renewable energy, especially in areas where we can reduce costs and promote sustainability, for instance, better water treatment and the use of green energy in agriculture hold enormous potential.

In tourism alone, while Sal and Boa Vista currently receive the lion’s share of visitors, we see real opportunity to develop other islands. This would not only diversify our offer but also create space for national companies to thrive in this area.

Why should investors consider Af-rica, and Cape Verde specifically?

Cape Verde is a country that respects property rights and upholds the democratic rule of law.

Our legal system operates with transparency, and we have functioning courts. We are also known for our peace and stability.

We already enjoy a high level of education, and a significant portion of our population is under 30. This youthful demographic presents great potential for employment and innovation.

Geographically, Cape Verde is strategically located less than four hours from Europe and just two hours from Senegal and the rest of West Africa.

With regards to transport, there are clear opportunities. Take maritime transport, for example–we have traders who need access to their own vessels to move goods between islands and beyond. A well-integrated transport system for both cargo and passengers would make a huge dif-ference. Many in the diaspora are eager to invest and contribute back home.

There are also strong prospects in tourism, hospitality, and agriculture. Certain areas are already showing good development and moving to-wards industrialisation. Cape Verde is set to significantly expand its productive capacity–not just for domestic use, but also for export.

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

Caixa Económica: one of the leading financial institutions in Cape Verde.

Mon, 04 Aug 2025 10:41:31 GMT

Caixa Económica: one of the leading financial institutions in Cape Verde.

How do you describe the role that Caixa Económica plays in the economy of Cape Verde?

Caixa Económica is currently one of the leading financial institutions in Cape Verde, not only due to its size and national presence, but also due to its role in loans provision and its active contribution to the country's development. We are driven by a strong ambition to support Cape Verde’s sustainable development. It is one of the oldest institutions in the country and will celebrate its centenary in 2028. We started out as a postal savings bank and evolved according to the country’s growth and development into a universal bank in 1993, marking over 30 years in our current format.

Caixa Económica’s transformation and evolution have led it to become a major player in Cape Verde’s financial system, not only by its size but also by the strength and soundness of its financial indicators.

The bank approved a policy of sustainability in 2023. How does the bank integrate this policy at all levels and how does this translate to the financing of new projects?

Caixa adopted this policy in line with its mission, which is to contribute to the sustainable economic development of the country. Within the policy there are several components.

The first component is related to the selection of the projects we finance. The eligibility condition for Caixa is to have a qualified promoter, and to have a project that is profitable and sustainable, both on the social and the environmental level. All projects that meet the requirements are eligible for loans, focusing on the diversification of the economy and giving further support to the current drivers of the economy, such as large scale tourism projects.

Our role is to offer high quality global financial services that support sustainable economic development across Cape Verde.

A second pillar of the sustainability policy is our human capital policy. Investing in our people is extremely important, not only to have the best-qualified human resources on the market, but also to receive commitment and engagement in return. We are currently providing English classes to our staff, to further the internationalisation of the Cape Verde economy.

Digitising the bank, adding new technologies, and meeting cybersecurity challenges require more training if we are to keep meeting the best international standards.

The last pillar is community. Financial inclusion is a formal part of our mission. To support this, we ensure universal access to banking services. For instance, we participated in the World Bank's Universal Financial Access 2020 initiative and were internationally recognised for our achievements in this area.

We have the most extensive branch network in the country, with coverage across all islands and municipalities. Our partnership with the national postal service further expands our reach, making it easy for people to open accounts even in remote areas. We also invest in financial literacy. Every October, which is savings month, we run programmes in schools, and we are part of the World Saving Bank Institute. We are very active in financial literacy. On our website, we regularly publish content covering topics such as financial access, payment instruments, and responsible borrowing.

In addition, we run a microcredit programme –unique among local banks – which primarily supports women, especially those heading households, to engage in small income-generating activities. We also refinance micro-finance institutions through refunding credit facility, and manage government-backed credit lines in areas such as agriculture, fishing, and food security.

How is Caixa leveraging technology to enhance financial inclusion and open doors for fintech investment?

We have long been the most technologically advanced bank in the country. We led the way in modernising banking systems, introducing solutions that set standards and are still in use today. It was Caixa that brought Western Union to Cape Verde. We were also the first institution to offer credit card solutions to our top clients, even before Cape became a member of credit card brands. We were one of the first to launch internet banking services and we continue to lead with one of the most sophisticated mobile apps on the market.

We remain fully committed to digital transformation. For example, we are preparing to digitise account opening processes and other customer forms. We are also supporting the development of fintech.

Through a partnership with Cabo Verde Digital, we have launched the Fintech Islandz Hub initiative, creating incubation conditions for tech companies to develop financial solutions internally. We believe in building coding skills and human capital development, and we are seeing success. Computer programming is a space where the country can truly compete —one does not need large scale infrastructure, just talent.

Training young people in this area is one of the best invest-ments a country can make.

What makes Cape Verde a compelling proposition for investors?

Cape Verde is a small market in terms of size, but it serves as a strategic platform –a gateway to the continent. We are part of ECOWAS, the Economic Community of West African States, which represents a market of around 300 million people with immense potential. There is strong demand in infrastructure across the region. Agriculture, fishing, and mining offer many opportunities.

As a member, Cape Verde enjoys access to this wider market. We also have long-standing privileged relationships with countries like Guinea-Bissau which make access and doing business easier.

Cape Verde can be used as a springboard into the region, leveraging our human resources skills, and qualification.

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

Cape Verde Stock Exchange: Expanding Access and Sustainability

Mon, 04 Aug 2025 10:13:05 GMT

Cape Verde Stock Exchange: Expanding Access and Sustainability

Miguel Monteiro, President, Cape Verde Stock Exchange

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.

Cape Verde’s Vision for Investment and Economic Growth

Wed, 09 Jul 2025 10:41:17 GMT

Cape Verde’s Vision for Investment and Economic Growth

Dr. Olavo Avelino Garcia Correia, Cape Verde Deputy Prime Minister

How is Cape Verde positioning itself to attract international invest-ment, and what are the key advantages for investors looking to use Cape Verde as a gateway to other African markets?

Cape Verde sits at the heart of the middle Atlantic corridor, making it a crucial link between Europe, the United States, the African continent, and even Eastern markets like China.

We aspire to be a gateway, a bridge, and a facilitator of this strategic triangulation.

It is a safe, democratic nation where the rule of law prevails. Private invest-ment and property rights are constitutionally protected, ensuring legal certainty and security for investors. These intangible strengths form the foundation of Cape Verde’s role in the Atlantic corridor and its connection to Africa, and the country is committed to preserving them.

At the same time, fiscal discipline is important to us, and our budget deficit is limited to 3% of GDP, while short and medium term public debt is capped at 60% of GDP. This ensures long-term macroeconomic stability, with consistently low inflation below 2%, a solid balance of pay-ments, and foreign reserves covering six months of imports. The central bank operates independently, executing monetary policy to safeguard the fixed peg and currency convertibility.

Beyond stability, Cape Verde offers vast economic opportunities. There is potential in the blue economy, digital economy, energy transition, creative industries, knowledge economy, healthcare, financial services, and even agriculture. The country aims to attract medium and large enterprises to produce services locally and export them to global markets.

Tourism remains a pillar of the econ-omy, with Cape Verde welcoming over 1.1 million visitors annually. This strong tourism sector also serves as a test market for products before ex-pansion into international markets. However, we are determined to diver-sify beyond tourism, expanding into digital innovation, renewable energy, financial services, and sustainable in-dustries.

We are seeking private investment to address challenges in transport, infrastructure, and healthcare while leveraging opportunities in tourism, the blue economy, and beyond. Investors will find not just a profitable market but also access to the broader ECOWAS and African economies. We are open to national, foreign, and diaspora in-vestors, encouraging long-term com-mitments that drive growth and accelerate development.

In 2024, the real GDP was ex-pected to grow by 5.1%, and you have said that you are aiming for GDP growth of more than 10% in the medium term. What specific sectors do you expect to contrib-ute to this growth and provide the best opportunities for investors?

Cape Verde's development hinges on three critical sectors. The first is connectivity and mobility linking the islands to each other and the world through air, maritime, and technological infrastructure. We are investing in ports, airports, and transport systems to enhance accessibility and reliability. Submarine cables play a crucial role in technological connectivity; we already have two in operation and are working towards additional connections, including the Medusa cable. Human connectivity is equally vital, ensuring our education system equips young Cape Verdeans with skills in science, technology, and languages to compete globally.

The second pillar is climate action , with energy security at its core. We currently rely on imported fuel, making us vulnerable to disruptions. Our goal is to transition to renewable energysolar, wind, and green hydrogen—targeting 30% by 2026, 50% by 2030, and over 80% by 2040. This shift is crucial not just for cost reduc-tion but also for water production, as desalination depends on energy. We are advancing a circular economy, optimising energy, water, and sanita-tion, aiming for 100% access in a sustainable, efficient system.

The third pillar is transforming Cape Verde into a digital nation . Every citizen should have a digital identity from birth, enabling a cashless, interoper-able economy with seamless public and private services. Digitalisation combats bureaucracy, enhances transparency, and drives efficiency. Beyond governance, we are integrating digital solutions into key sectors—finance, tourism, agriculture creating high-value jobs and fostering innovation. The digital economy will also bridge geographical divides, ensuring equal opportunities for all citizens and strengthening ties with our diaspora. Through investments in infrastructure, data centres, and cybersecurity, Cape Verde is positioning itself as a hub for technological advancement.

To support this, we have invested $55 million in a technological park, building innovation centres that em-power young entrepreneurs to de-velop and export digital solutions.

We have also established technological economic zones and free zones, offering incentives for companies to innovate without regulatory constraints.

If solutions prove viable, we will adapt our legal framework to accommodate them rather than stifle progress.

Read the full profile on Cape Verde on the digital edition of Global Investor 2025

Transforming Porto Luanda: Expansion, Investment, and Digital Innovation

Fri, 13 Jun 2025 07:38:41 GMT

Transforming Porto Luanda: Expansion, Investment, and Digital Innovation

Alberto António Bengue, Chairman of Porto de Luanda:

What specific investment opportunities exist for international investors in the expansion and technological advancement of Porto Luanda, particularly in areas such as the movement of containers and the optimisation of logistics that are aligned with this diversification strategy?

Porto Luanda is the largest port in Angola, handling over 80% of the goods imported into the country. Our focus is on expansion and modernisation, and we have recently developed a Master Plan aimed at increasing cargo capacity. But this growth must be aligned with the significant investments we are planning.

Our plan outlines an ambitious expansion, including the construction of a cruise terminal, a naval shipyard, and an increase in cargo movement beyond 30 million tonnes over the next 20 to 30 years.

Our goal is to position Porto Luanda as a competitive force among Sub-Saharan Africa’s leading ports.

A key part of this involves deepening the port, where depths currently range from 3.5 metres to 12.5 metres. We plan to dredge Porto Luanda to reach a depth of at least 16 metres, allowing us to accommodate fifth-generation vessels—large mother ships that currently cannot dock here. At present, we can receive vessels up to 330 metres, but with our planned investments, we aim to handle ships carrying between 8,000 to 12,000 tonnes.

We have also taken strategic steps by concessioning the multi-purpose terminal, now operated by DP World under a 20-year contract. DP World will be making substantial investments, and while the exact figures are still being finalised, we anticipate a green light for these investments starting next year.

In addition, we have signed another concession contract with Abuda de Portes, which will operate another multi-purpose terminal previously managed by Unicargas. This terminal will see investments in the range of $250 to $300 million, significantly enhancing its loading and unloading capacity.

Beyond these major projects, we are planning the construction of a naval shipyard, which will be crucial for maintaining medium-sized vessels, both for Porto Luanda and the wider region. Security and operational efficiency are also a priority. We have just completed the construction of a tower for surveillance and access control and have installed a Vessel Traffic Service (VTS) system to monitor all ship movements in and around the port.

In short, Porto Luanda is undergoing a transformation.

Over the next few years, we will be making a series of strategic investments that align with our vision of modernisation, efficiency, and regional competitiveness.

The groundwork is being laid, and the future of Porto Luanda is set to be one of growth, innovation, and increased global connectivity.

The implementation of digital solutions is crucial for modern port operations. What initiatives is Porto de Luanda undertaking to integrate advanced technologies, such as AI and data analytics, to improve efficiency, security, and overall competitiveness, and what opportunities do these advancements present for technology-focused investors?

Over the past 10 to 15 years, we have been steadily modernising our port management systems , starting with GIAF, the Integrated Administrative and Financial Management system.

This was followed by Port Single Window, which greatly improved interaction and connectivity with port operators, streamlining processes and reducing congestion at the terminals.

Building on this progress, we advanced to Logistic Single Window, an even more sophisticated platform that integrates the entire port community, including transit operators, truck drivers, funders, and other key stakeholders.

This system allows importers to complete payments and request truck drivers to collect their cargo remotely, eliminating bureaucratic delays and paving the way for a fully paperless port. We are on track to achieving this vision in the near future.

A paperless port is not just about efficiency—it is also an environmental commitment.

Our environmental policy is focused on reducing CO₂ emissions, both from ships and through digitisation, in line with global sustainability goals set by the United Nations and the Sustainable Development Goals (SDGs).

To achieve this, we are working closely with the Port of Antwerp, which is advising us on obtaining certification.

By the end of this year, we expect to be certified, marking a significant milestone for Porto Luanda and setting a benchmark for ports in Angola.

Angola’s Tourism Expansion: Unlocking Natural Beauty and Cultural Heritage

Wed, 11 Jun 2025 07:44:44 GMT

Angola’s Tourism Expansion:

Unlocking Natural Beauty and Cultural Heritage

Márcio De Jesus Lopes Daniel, Minister Of Tourism

How is Angola leveraging its natural wealth to boost tourism?

We are in the early stages of tourism development, and it is crucial to take decisive steps that reflect our government’s commitment and ambition.

Tourism is a key pillar of our economic diversification strategy—what I like to call our "green oil." One of the most significant measures we have taken is opening Angola to the world. We have transitioned from being a closed country, where visiting was complicated, to one where almost all Western nations and key African countries no longer need visas. More importantly, we have eliminated visa fees for these travelers, and we are actively working to expand this policy further.

Another major step has been restructuring government institutions to prioritize tourism. The Ministry of Tourism has been separated from the Ministries of Culture and Environment and integrated into the government’s economic team. This reflects our view that tourism is not just a social sector but, above all, an economic driver of Angola’s growth.

To develop tourism strategically, we have implemented what I call the Tripod of Tourism Development. First, we must identify and prioritize key areas. We cannot develop everything at once, so we are focusing on regions with the highest potential.

Angola has over a million kilometers of coastline, much of it unexplored. The sun-and-beach segment is essential to our tourism strategy, and we have identified two focal areas: Cabo Ledo in Luanda Province and the Mosul Peninsula near Luanda’s center. These locations will serve as the foundation for our sun-and-beach tourism in the north-central region.

Unlike traditional all-inclusive resorts that isolate tourists from the local experience, Angola offers an immersive journey. For example, Cabo Ledo is less than 30 minutes from Kissama National Park, where visitors can experience nature tourism, and less than an hour from the Muxima Sanctuary, a key site for religious tourism.

Surfing, adventure tourism, and even golf are also within reach. Investors in these areas will be able to offer tourists a rich, diverse experience that goes beyond the typical resort model. The same principle applies to the Namib region, where visitors can explore Iona National Park, the Coroca hills, and Arco Lake, all in close proximity.

How is the Ministry working to diversify Angola’s tourism offerings?

Beyond sun-and-beach tourism, we are focusing on memory tourism.

Historical records show that nearly 80% of Afro-descendants in the Americas—including Brazil, the United States, and the Caribbean—have Angolan ancestry. Many were taken from the Mazangano region, which I consider an open-air sanctuary.

This site holds deep emotional and historical significance, much like Senegal’s Gorée Island. Recognizing its potential, we are developing a Master Plan for Mazangano to preserve its monuments, including the old fort and the church where enslaved people were baptized before being shipped away. This process is already underway, and an American family of Angolan descent, the Takers, visits every year.

Cultural tourism is another priority. Angola’s greatest asset is our people—their joy, music, and dance. Kuduro and kizomba are not just music genres; they are living expressions of our identity. Every tourist seeks an authentic cultural experience, and ours is vibrant and passionate. In collaboration with the Ministry of Culture, we are planning regular festivals that celebrate our cultural heritage, similar to South Africa’s Jazz Festival or Europe’s summer festivals. We are also developing maritime tourism, capitalizing on Angola’s excellent conditions for receiving cruise ships in Luanda, Lobito, Namibe, and Bahia dos Tigres. This sector holds enormous potential for bringing in large numbers of tourists without requiring immediate investments in hotels and resorts.

Lastly, nature tourism presents one of our most promising opportunities. The Angolan part of the Okavango region is unique, sharing an ecosystem with Zambia, Zimbabwe, Botswana, and Namibia as part of the Okavango-Zambezi Transfrontier Conservation Area.

This region boasts Angola’s most untouched natural landscapes and serves as a crucial water source for the Okavango Delta, Victoria Falls, and beyond. With its pristine environment, abundant wildlife, and permanent water sources, Angola is positioning itself as an integral part of this soughtafter tourism circuit.

Tourists already visit the Okavango from across the border, and we are working to ensure Angola becomes a key destination within this network.

Angola is opening its doors to the world, and we invite investors and tourists alike to discover the richness, beauty, and authenticity of our country.

Transforming Angola’s Transport Infrastructure

Mon, 09 Jun 2025 13:48:24 GMT

Transforming Angola’s Transport Infrastructure

Ricardo Abreu Minister Of Transport

Angola has launched several in- frastructure projects supported by regulatory reforms and public-pri- vate partnerships. How do you see the role of these partnerships in improving transport networks ac- ross the country?

Angola gained independence in 1975 but endured 27 years of instability, war, and foreign occupation that dev- astated our infrastructure—including transport, energy, water, and bridges. This challenging period ended in 2002 with the advent of peace, leaving us with the immense task of rebuilding a country in ruins.

Between 2004 and 2005, we launched the National Reconstruction Plan to restore critical infrastructure, largely financed through strategic credit lines with China. In the transport sector, we rehabilitated ports and airports—vital for national connectivity when roads were still impassable— and restored our three major rail cor- ridors, now known as the Northern, Central (Lubito), and Southern Corridors.

When President João Lourenço took office, our focus shifted to maximizing these rehabilitated assets to drive na- tional and regional economic growth. In 2018, upon my appointment as Minister of Transport, we developed a comprehensive strategy to position the transport and logistics sector as a pillar of economic diversification. Our 25-year National Master Plan for

Transport and Road Infrastructure addresses two key challenges: improving urban mobility in rapidly growing coastal cities like Luanda and enhancing the operational efficiency of our transport networks to integrate them into global trade—reducing Angola’s dependence on oil exports.

To achieve these goals, we initiated a series of infrastructure concessions.

We started with the Porto Anda poly- valent terminal, awarded to DP World, and moved forward with flagship projects such as the Lubito Corridor, which integrates key port facilities with the Benguela Railway to connect Angola with the DRC.

We are now finalizing the concession for the Dr. António Agostinho Neto International Airport and preparing additional projects, including the deep-water terminal in Cabinda and the Southern Corridor.

This strategy has been highly effec-tive, attracting significant international interest and unlocking private investment—highlighted by the planned 800 kilometer, US$5 billion rail line connecting Angola to Zambia.

Angola’s investment climate is increas-ingly favourable, supported by robust private investment laws, the proactive role of IPEX, attractive tax incentives, and political and social stability. Looking ahead, we are embarking on next-generation projects like Barra do Dande and the Colibene airport city, leveraging our infrastructure for long- term economic growth.

How are these policies contributing to economic growth, particularly in job creation, which the President has identified as a key priority?

There are two key aspects to highlight.

First, our infrastructure concessions have generated substantial revenue for the state. We have already raised around US$400 million from these agreements—funds that directly strengthen public finances and support ongoing investment in national projects.

Second, these concessions attract significant foreign direct investment without requiring state financing.

Our agreements mandate that concessionaires invest in infrastructure, operations, and workforce development. To date, at least US$1.5 billion in direct investment has been committed by concessionaires, excluding the US$4 billion earmarked for the Zambian Railway—clear evidence of our success in mobilizing private capital.

On the employment front, Angola’s transport sector currently employs around 14,500 professionals.

The new international airport in Luanda alone is expected to create approximately 4,000 direct jobs, with each direct job in civil aviation typically generating four additional indirect jobs. Moreover, greenfield projects like the Barra do Dande airport city, designed for 360,000 inhabitants, demonstrate our longterm commitment to sustainable development and employment creation.

Ensuring the stability and continuity of these projects is essential. Macroeconomic, political, and social stability are key to their long-term success. We are already witnessing positive impacts, particularly in Luanda and Lubito. The Lubito Atlantic Railway, which became operational in January 2024, is already improving infrastructure management, maintenance, and workforce training—exemplified by UAMBU’s efforts in developing local talent. Additionally, the recent certification of Catumbela Airport, which strengthens international air transport capacity in the region, is another encouraging milestone.

We must remain focused on maintaining this momentum to fully achieve our strategic objectives.

Enhancing Angola’s Investment Climate: AIPEX’s Role in Attracting Foreign Investors

Thu, 05 Jun 2025 15:33:26 GMT

Enhancing Angola’s Investment Climate: AIPEX’s Role in Attracting Foreign Investors

Arlindo Das Chagas Rangel, President, Aipex

The government of Angola is actively working to improve the busi- ness environment.

What specific initiatives is AIPEX implementing to support foreign investors in navi- gating these changes and establishing their presence in the country?

The business environment depends on multiple factors, such as govern- ment policies, infrastructure, eco- nomic and legal stability, as well as the collaboration between different public and private entities, AIPEX acts as an essential bridge between the private sector and the government, works to reduce barriers, facilitate barriers, facilitate interactions and strengthen investor confidence in the country's potential.

It thus plays a strategic and proactive role in facilitating government in build- ing a more attractive and competitive ecosystem for foreign investors.

In 2024 alone, we assisted in the es- tablishment of over 46 companies and facilitated the issuance of 305 visas, covering investor, work, and family categories. Recognizing the im- portance of family unity for expatriate workers, we worked closely with the Central Bank to approve 117 invest- ment projects, ensure utility connec- tions, and issue 60 different licenses. Additionally, AIPEX coordinated 160 tax benefit certificates and processed 48 VAT reimbursements in partner ship with the General Tax Administra-tion.

Our commitment to transparency, regulatory efficiency, and admin- istrative modernization remains strong as we work toward creating a more investor-friendly business environment that supports Angola’s sustainable economic growth.

Can you elaborate on the “Invest in Angola” initiative and its impact on attracting investment?

“Invest in Angola” is a strategic initiative designed to align Angola with global investment best practices and en- hance the country’s visibility amid its economic diversification efforts. A key component is a digital platform that showcases investment opportunities across various sectors, including agriculture, fishing, forestry, industry, tex- tiles, tourism, transport, logistics, and construction. This portal provides georeferenced project locations, allowing investors to remotely evaluate prospects and facilitating private sector engagement.

Ongoing improvements aim to expand sector coverage, highlight tangible investment opportunities, and provide crucial data for informed decision-making. Target markets are selected based on investment trends, sectoral priorities, trade agreements, and expertise in Angola’s key industries.

Our key investment partners include China (infrastructure and energy), Brazil (agribusiness), Germany (industry and technology), the United States (energy and technology), the UAE (infrastructure and tourism), Portugal (a longstanding investor), Spain, and, more recently, France. While these markets are prioritized for their strate- gic value, Angola remains open to investors from all regions, ensuring high-impact investments with strong returns.

Angola has set ambitious goals to boost agricultural production and reduce reliance on food imports.

How is AIPEX working to attract in- vestment in this sector, and what incentives are available for potential investors?

Agriculture is a major focus for An- gola’s economic diversification, and we are actively engaging countries with strong agricultural expertise, such as Brazil, Portugal, the UAE, and China, to foster partnerships and showcase Angola’s potential. The government offers attractive fiscal and customs incentives, including tax ex- emptions and reductions of up to 15 years, as well as institutional support to facilitate investment.

AIPEX simplifies the investment process by assisting with company registration, licensing, land acquisition, visa facilitation, and regulatory compliance—all within a single-window framework. We recognize that bureaucracy has been a longstanding challenge, which is why the government has introduced SIMPLIFICA, a program aimed at streamlining administrative procedures. As the primary point of contact for investors, AIPEX coordinates interdepartmental efforts to ensure a smooth and efficient investment experience.

With Angola’s young and rapidly growing population, how should investors view this opportunity, and how is AIPEX nurturing this resource?

Angola’s greatest asset is its people. With an average age of 16 and a population growth rate of 3%, projections indicate that Angola will reach 90 million people by 2050. This presents both challenges and immense opportunities for investors.

A youthful and expanding population translates to a dynamic workforce and a growing consumer market, making Angola a prime destination for investment in sectors such as food production, textiles, pharmaceuticals, automobiles, household appliances, and electronics.

To support industrial growth, Angola is prioritizing infrastructure development, workforce training, and improved access to raw materials. Additionally, the country’s young population is highly adaptable, particularly in embracing digital technologies—a key advantage for innovation-driven industries. By positioning itself as a hub for skilled labor and consumer demand, Angola offers long-term investment potential across multiple sectors.

VG’s Approach to Wealth Management in Africa

Fri, 25 Apr 2025 11:11:52 GMT

VG’s Approach to Wealth Management in Africa

Paul Roper Director, Private Wealth, Vg

How does VG’s wealth management strategy address Africa’s unique challenges and opportunities?

VG takes a holistic approach to wealth management in Africa, informed by a deep understanding of the continent’s cultures, history, and economic landscape. Our mission is to align with Jersey’s longstanding ties to Africa, beyond wealth management, to include philanthropy and sustainable development.

Africa’s private wealth market presents challenges and opportunities. Emerging markets are gaining momentum, driven by growing economic and cultural exchanges with Jersey. VG develops tailored, sustainable solutions to meet African clients' specific needs, leveraging Jersey’s strong regulatory framework to mitigate risks and capitalise on opportunities. VG is expanding from Southern and East Africa into West Africa to tap into new and dynamic potential.

How does VG tailor wealth management for high-net-worth individuals in Africa?

With over 42 years of experience, VG helps families navigate complex wealth management challenges. Many African clients face jurisdiction-specific legal, tax, and regulatory constraints. By introducing international structures through Jersey, we offer flexibility, innovation, and broader opportunities.

Jersey’s stable, well-regulated financial hub underpins our strategy, providing access to bespoke, world-class solutions. Jersey-based funds increasingly support African infrastructure and women-focused initiatives, benefiting from its tax-neutral environment and strong governance.

At VG, we create adaptable, future-ready structures that safeguard generational wealth and facilitate impactful, responsible investments, ensuring long-term success for African clients.

The full report on Jersey will appear in Global Investor 2025

Jersey’s Strategic Role in Africa’s Financial Growth and Innovation

Thu, 24 Apr 2025 12:56:13 GMT

Jersey’s Strategic Role in Africa’s Financial Growth and Innovation

Ian Gorst, Minister For External Relations, Assistant Minister For Treasury And Resources

Jersey has played a pivotal role in facilitating foreign direct investment (FDI) into Africa, particularly in countries like Kenya, South Africa, Uganda, and Zambia. Jersey has facilitated impactful investments such as Brighter Life Kenya, distributing solar plug-in panels for homes through multi-million-dollar financing advised by global and Jersey-based law firms. Additionally, Standard Bank established a foundation in Jersey to support the African Women’s Impact Fund Initiative, aiming to raise $1 billion to empower female fund managers.

Jersey supports cross-border banking through African institutions based in its jurisdiction and is negotiating agreements with several African nations, including Rwanda, Ghana, and Nigeria.

Jersey is also focused on regulatory improvements to tackle challenges such as transparency, anti-money laundering, and cybercrime. Through international cooperation and capacity-building efforts, such as partnerships with the Toronto Centre and Jersey Finance, the island provides training and support for financial institutions in Africa.

In sustainable finance, Jersey aims to align with African partners’ national net-zero and sustainability strategies and has strengthened its strategy by working with Rwanda Finance and other partners.

Fintech growth and financial inclusion remain key areas of interest.

Jersey’s Overseas Aid Commission supports initiatives such as capacity-building with the Toronto Centre, Financial Inclusion for Women in Freetown, and the Women and Girls First in Finance program in Sierra Leone.

Notably, Jersey’s approach is collaborative, not prescriptive, emphasizing the importance of tailoring support to each country’s unique context and needs.

The full report on Jersey will appear in Global Investor 2025

A Steadfast Commitment to Supporting Africa’s Growth

Thu, 17 Apr 2025 08:07:04 GMT

A Steadfast Commitment to Supporting Africa’s Growth

Charles Molteno Chief Executive And Island Head, Jersey, Standard Bank Offshore

A Steadfast Commitment to Supporting Africa’s Growth
Interview With Charles Molteno Chief Executive And Island Head, Jersey, Standard Bank Offshore

Those of us who work with and within Africa would not have been surprised by the International Monetary Fund’s projection that of the 22 countries projected to grow at +6% this year, 14 of them call the continent home. The Africa growth story is not new, nor is it about to end.

On the contrary, initiatives such as the African Continental Free Trade Area (AfCFTA) are opening new doors and corridors that have historically hindered opportunities across the continent, and as more of these opportunities are unlocked, Standard Bank Offshore is ideally positioned to help both corporate and individual clients leverage these opportunities and collectively drive the growth of the continent.

Standard Bank Offshore’s operations in Jersey and its other jurisdictions bridge the gap between Africa and the rest of the world, offering private and corporate clients the solutions to navigate global markets with confidence. From facilitating complex corporate transactions to providing wealth preservation strategies, our products and services are designed to meet the unique challenges of those connected to Africa.

If you’re an African looking to connect with global markets, or a global investor seeking opportunities in Africa, Standard Bank Offshore is your gateway to achieving your goals.

Leveraging our Group’s proud history of over 160 years as a partner of choice for individuals and businesses across Africa from over 20 sub-Saharan locations, and Offshore’s local 30-year-plus legacy in its five jurisdictions, we have nurtured a growing network of intermediaries who understand the global banking challenges their clients face. This is an important channel into the market, and we value the relationships we’ve built in this network.

The benefits to them are clear: our experience and expertise offer their clients an easier entry into global markets.

In a world of shifting borders and boundless opportunity, partnering with Standard Bank Offshore is about more than financial services: we have the expertise, network, and vision to make Africa’s opportunities yours.

The full report on Jersey will appear in Global Investor 2025

Driving Social Impact and Profitability: 4G Capital's Vision

Mon, 14 Apr 2025 12:31:49 GMT

Driving Social Impact and Profitability: 4G Capital's Vision and Growth

Interview With Wayne Hennessy-Barrett Founder / Executive Chairman, 4g Capital

What inspired you to establish 4G Capital?
I spent 17 years as a professional army officer operating in conflict zones, where I witnessed the desperate need for jobs and opportunities to replace cycles of violence. This insight drove my transition to business. After setting up a lending operation in Kenya for a South African startup, I led a management buyout in 2013, using my life savings and support from my wife to bootstrap the company.

Our mission is to empower micro-entrepreneurs, especially women, by offering collateral-free microloans ranging from $50 to $1,500, coupled with enterprise training. Inspired by global microfinance models, we adapted our approach to local contexts, enabling traders to succeed and thrive.

Today, 4G Capital is Africa’s highest-scoring B Corporation in financial services, with a remarkable score of 146 out of 200. We maintain repayment rates of 95–97%, an NPS (Net Promoter Score) of 70 for customer satisfaction, and an 80% customer retention rate—testaments to the effectiveness and sustainability of our model.

How do you balance social impact with profitability?
Our model creates a virtuous cycle. By providing micro-entrepreneurs with the financial tools they need to grow, we empower them to build wealth and integrate into the formal economy. This approach fosters a mutually beneficial dynamic: when our customers succeed, we succeed.

We prioritize designing customer-centric products and combining them with effective training, which ensures high satisfaction, sustainable growth, and transformative investments. For example, our Series C equity round with LightRock has fueled our growth.

Micro-entrepreneurs drive 80% of Africa’s economy, so supporting them contributes to a fairer and more prosperous economic landscape. For us, success lies in aligning social impact and profitability, proving that ethical business can drive meaningful change.

How are you diversifying 4G Capital’s offerings?
Our diversification strategy includes developing innovative loan products that enhance productivity and improve quality of life. These offerings include asset financing for green technologies, off-grid solar solutions for agricultural enterprises, and invoice financing for distributors.

For example, financing stock-keeping units for small shops has allowed them to double their sales, with repayment rates reaching 98% and shop revenues growing by 82% year-on-year. These tailored products respond to the specific needs of our customers and deliver measurable economic benefits.

What is your vision for 4G Capital, and how do partnerships fit into your plans?
By 2050, Africa will house a quarter of the global population and a third of the working-age population, making it a hub of untapped potential. This rapid growth is driving innovation and entrepreneurship across the continent. However, solutions imported from other regions often fail; success in Africa requires a deep understanding of local challenges and partnerships with those already addressing them.

Our vision is to deliver tailored, scalable solutions that meet the vast demand for SME financing. We are expanding rapidly with digital tools designed to empower micro and small enterprises. To sustain this growth, we are raising $20 million, targeting the $5-10 trillion global micro and SME financing opportunity.

Our model demonstrates how profitability can go hand-in-hand with sustainable economic growth, democratizing wealth creation and fostering resilience across Africa.

The full report on Jersey will be published in Global Investor 2025.

Jersey A Dynamic and Diverse Investment Hub

Mon, 14 Apr 2025 08:22:20 GMT

Jersey A Dynamic and Diverse Investment Hub

TheJersey, the largest of the Channel Islands, boasts a rich history shaped by both British and French influences. Its strategic location between England and France has made it a significant maritime and trading hub for centuries. The island’s unique cultural heritage is reflected in its Norman-French laws, dialect (Jèrriais), place names, and British governance, creating a blend of traditions that fosters a vibrant, cosmopolitan community. With a population of around 108,000, Jersey is home to both long-established families and newer residents, contributing to its dynamic atmosphere.

As a Crown Dependency, Jersey is self-governing, with its own legislative assembly, the States of Jersey. While it maintains allegiance to the British Crown, the island enjoys autonomy in most matters, including its fiscal and legal systems. The government is headed by the Chief Minister, supported by ministers overseeing various departments. The Lieutenant-Governor, appointed by the British monarch, represents the Crown in a ceremonial capacity.

This political structure enables Jersey to craft policies tailored to its economic and social needs, ensuring stable and responsive governance that supports investment. Jersey’s legal framework, based on English common law, provides a reliable and predictable environment for businesses.

Jersey’s economy is highly diversified, with finance at its core.

The island is a leading international financial center, attracting global businesses and high-net-worth individuals.

Tourism is another key sector, with the island's scenic landscapes driving increasing visitor numbers. In 2023, Jersey's Gross Domestic Product (GDP) reached £6,575 million, marking a 7.3% increase in real terms from the previous year, with a forecasted 2.3% growth in 2024. This growth highlights the island’s economic resilience and ability to adapt to global economic shifts.

The financial services sector remains central to Jersey’s economy, generating significant employment and GDP. Agriculture, particularly dairy farming and horticulture, continues to be important, while emerging industries such as digital technologies and renewable energy are gaining momentum. Tourism also contributes significantly to the economy, as the island attracts more visitors each year.

Jersey offers a wealth of investment opportunities across various sectors.

The financial services industry presents prospects in banking, fund management, and fintech, backed by a well-regulated and reputable jurisdiction. The tourism sector offers potential in hospitality, eco-tourism, and cultural heritage projects that leverage the island’s natural beauty and history. Agriculture, particularly in value-added products and sustainable farming, remains a strong opportunity. Real estate offers attractive prospects in residential, commercial, and tourism developments, while Jersey’s commitment to renewable energy opens doors for investment in wind, solar, and tidal power projects. The growing digital sector also presents opportunities in

e-commerce, software development, and cybersecurity.

Investing in Jersey provides several advantages . The island’s political and economic stability, combined with its legislative autonomy, creates a secure environment for investors. Jersey’s legal framework, based on English common law, ensures transparency and protection for business operations. Its strategic location between the UK and mainland Europe facilitates access to key markets, while its highly skilled workforce, advanced infrastructure, and commitment to innovation make it an attractive destination for investment. The government’s proactive approach to economic development, including business incentives and a focus on sustainable growth, further enhances Jersey’s appeal.

The Government of Jersey is committed to making the island an even more attractive destination for investment. Initiatives include expanding infrastructure, such as upgrading the St. Helier port, and promoting policies that support business innovation and sustainability. The government works closely with industry stakeholders to ensure that regulatory frameworks remain conducive to business growth while maintaining high standards of governance and compliance. Jersey’s economic development strategy also emphasizes diversification, aiming to reduce reliance on any single sector and foster resilience against global economic shifts.

Prospective investors in Jersey will find a streamlined, business-friendly environment. The island offers efficient regulatory procedures, with support from agencies like Locate Jersey, which provides guidance on company registration, legal requirements, and government incentives. The process typically involves company registration, compliance with local regulations, and obtaining necessary licenses, ensuring a smooth and transparent entry for businesses.

In summary , Jersey presents a compelling investment proposition, blending a rich cultural heritage with a thriving, diverse economy. The island’s investment opportunities, coupled with a stable environment, supportive government, and strong legal framework, make it an attractive destination for businesses and investors seeking long-term growth and success.

A full report on Jersey will appear in the upcoming Global Investor 2025.

Namibia’s Investment Playbook.

Sun, 06 Apr 2025 09:06:54 GMT

Namibia’s Investment Playbook.

Nangula UaandjaChief Executive Officer, Namibia Investment Promotion and Development Board

Namibia is boldly reshaping its investment landscape—and the world is taking notice. In an exclusive interview featured in Global Investor OCT 2024, Nangula Uaandja , CEO of the Namibia Investment Promotion and Development Board (NIPDB) , shares how the country is building a future-ready economy.

From launching a Digital Nomad Visa to attract global talent, to rolling out Special Economic Zones (SEZs) that offer tax incentives and infrastructure for industrial growth, Namibia is diversifying beyond extractive industries into tech, services, and green energy.

Backed by strategic reforms and global partnerships, this vision is about more than growth—it’s about creating sustainable, inclusive opportunities that put Namibia on the map as a top destination for forward-thinking investors.

�� Read the full interview to discover Namibia’s bold blueprint for the future.

The AfCFTA Protocol on Investment

Sun, 06 Apr 2025 08:56:14 GMT

The AfCFTA Protocol on Investment

H. E. Wamkele Mene Secretary-General Of AfCFTA

Africa is emerging as one of the world’s most promising investment destinations, with the African Continental Free Trade Area (AfCFTA) at the forefront of its transformation. With a combined GDP of $6.7 trillion (PPP) and a population of 1.4 billion, the continent is positioning itself as a unified economic powerhouse through the AfCFTA.

One of the most impactful developments is the newly adopted AfCFTA Protocol on Investment , designed to enhance and harmonize investment regulations across Africa. This landmark protocol offers a streamlined, continent-wide regulatory framework, removing the complexity of fragmented national investment regimes. It aims to foster sustainable growth, support industrialization, and facilitate the free movement of goods and people.

At the World Economic Forum 2024 , investors pledged up to $130 billion for Africa, reflecting growing confidence in the region’s potential. The Protocol emphasizes investment that is sustainable, inclusive, and aligned with Africa’s development goals—addressing global issues like climate change, public health, and youth empowerment.

Key features of the Protocol include:

One-stop shops and national focal points for easier investor engagement.
A continental investment promotion agency (IPA) to drive Africa’s visibility and investment coordination.
A strong focus on qualitative investments , job creation, and digitalization.

From 2023 to 2028, Africa is set to consolidate its Common Market goals, laying the groundwork for a new era of shared prosperity. With improved ease of doing business, investor protections, and development-focused governance, the Protocol on Investment marks a pivotal step toward “ the Africa we want .

�� Read the full interview in Global Investor to explore more insights.

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