Maio News, Cape Verde Property
Maio, Cape Verde's Last Paradise…

Oct
25

Praia, Cape Verde, 15 Oct – A consortium of three Portuguese construction companies is already carrying out the second phase of work to expand and modernise the port of Praia, worth 72 million euros, following conclusion of the first part of the project Thursday.

The contract was signed at the end of August and the work by Somague, MSF Engenharia and Etermar began in September, and is due to be finished within 30 months.

The second phase – the first officially finished Thursday and was funded by the Millennium Challenge Corporation (MCC) with US$53 million – covers refurbishment of the existing dock, construction of a protective mantle for the container park and a 234 metre-long breakwater.

The project also includes extending the number 1 dock to around 450 metres, in order to make it possible for two container ships to manoeuvre more easily at the same time, regardless of movement of fuel ships at the end of the dock.

Dredging of the manoeuvre basin and installation of a navigational support system, as well as construction of the container park, are also part of the work now contracted.

The project to modernise and expand the port of Praia aims for the facility to have traffic of some 2 million tons of goods in 2030. (macauhub)

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Oct
25

DAMEN delivers first-ever newbuild fast ferry to Cape Verde

Singapore, October 22

Cape Verde marked an important milestone in its history as the ten-island state sees the official inauguration of its first-ever, newbuild fast ferry. The “Kriola”, a DAMEN Fast Ferry 4512, literally represents a lifeline to Cape Verdeans.

DAMEN Regional Director, Friso Visser, commented: “We are very proud to have been chosen to partner with Cape Verde in this unique project and to be able to answer the exact needs of the owner, Cabo Verde Fast Ferry.”

The Dutch shipbuilding group, headquartered in Gorinchem in the Netherlands, is especially delighted to have managed to build the new ro-ro ferry in less than one year and to have even delivered it weeks earlier than planned.

Kriola is expected to enter service by the end of the year and a second sister vessel, the Liberdadi, is due to be delivered early 2011. Other vessels may follow in the future to boost Cape Verde’s sea transportation connectivity.

As well as being the country’s first new fast ferry, the vessel was also funded in a unique way. Cabo Verde Fast Ferry carried out the country’s first Initial Public Offering (IPO) to raise the funds needed. Cape Verdeans were so keen to buy bonds that the IPO resulted in one of the highest stock exchange participations ever.

The Kriola can accommodate 164 passengers and 65 tonnes of cargo and was built at DAMEN Shipyards Singapore, a yard known for its quality aluminium fast ferries, patrol boats, crew suppliers and workboats.

Cabo Verde Fast Ferry President, Andy Andrade, outlined the importance of the new vessel to the islanders.

Cape Verde has always been somewhat isolated because of its position in the middle of the Atlantic but this is particularly worse for the outlying island of Brava, explained Mr. Andrade.
“Often transportation is only carried out on an ad-hoc basis because the waters are subject to many currents, substantial wave heights and very windy conditions. Safe, reliable transportation to the islands was a key priority.”

Cabo Verde Fast Ferry company contacted several yards, both in Europe and the US, Mr. Andrade stressed: “Our new vessels had to be very specific for Cape Verde. It was only DAMEN that took the time to actually look at the specific needs of Cape Verde.”

Seakeeping ability was crucial and the vessel had to be able to support the business plan, so facilitate the right mix of passengers/cargo, comfort levels, fuel consumption and operational costs weight into the design factors.

The DAMEN 4512 also appealed because it could offer a very fast turnaround in port because the vessel is very compact. To achieve the same operational profile, a comparable German-built vessel operating between the islands is 68 meters – a considerable increase on the 45 m length of the DAMEN Fast Ferry.

Another high priority request from CVFF was a ferry that had to be able to serve the four southern islands in a day before travelling back to its home port in Brava for the night. Therefore, it needed to achieve speeds of 18-22 knots.

“These two vessels will really bring maritime transportation into the 21st century,” company executives emphasized. They are certain that as soon as the Kriola arrives it will stimulate travel and it will give a boost to the economy. The DAMEN Fast Ferry will not only make it easier for foreign tourism but also internal tourism between the islands. Workers and students travelling will also benefit from the new ferries, added Andy.

Established in 1927, DAMEN now has more than 30 shipyards worldwide and employs 6,700 people. In 2009, the company had a turnover of E1.4bn. DAMEN has an extremely varied portfolio, specialising in fast ferries, tugs, workboats, patrol craft, cargo vessels, dredgers, mega yachts and naval vessels.

DAMEN has been a pioneer of modular shipbuilding based on standardised designs. Introduced in 1969 by DAMEN Chairman, Kommer Damen, this technique gives the yard the ability to offer well-proven vessels, very short delivery times and competitive prices.

In addition to newbuild construction, DAMEN is involved in maintenance and repair activities and a wide range of associated maritime services.

Sep
12

Cabo Verde Telecom invests in new technologies

Praia, Cape Verde, 10 Sept – Cape Verdean telecommunications company, Cabo Verde Telecom is implementing an investment plan of 30 million euros to improve the quality of telecommunications, specifically Internet access, the company’s chief executive said in Praia Thursday.

Speaking to Portuguese news agency Lusa, Humberto Bettencourt dos Santos noted three projects underway, which would be concluded by mid 2011 at the latest, although others may be operational by the end of this year.

Joining the WACS (West Africa Cable System) project, the undersea fibre optic cable due to be operational in the first half of 2011, involved an investment of 20.8 million euros and will make it possible to “substantially” increase broadband on the archipelago, which is lacking outside of Santiago island.

The new cable will also make it possible to expand the fibre optic network to all the islands, linking up those that are still lacking – Maio, Fogo and Brava – an expected investment of 6.45 million euros, which is scheduled to be in operation also in 2011.

“We are going to be equipped with a world class network with a panoply of the world’s most modern services,” noted dos Santos, providing figures in which Cape Verde was amongst the top three medium developed countries in terms of technology and prices.

The CVT group is made up of CV Telecom (the only fixed-line telephone company), CV Móvel (the country’s biggest mobile telecom company with 78 percent market share) and by CV Multimédia (Internet and subscription television).

Cabo Verde Telecom’s biggest shareholder is Portugal Telecom (with 40 percent of the capital), followed by social security institute, Instituto Nacional de Previdência Social (INPS) with 37 percent and Sonangol Cape Verde, with 5 percent.
MacauHub Cabo Verde Telecom invests 30 million euros in new technologies

Aug
23

Per­fect opportunity to purchase excep­tional plot of land on Maio Cape Verde

We are glad to reveal that after a recent web-page make-over of the real-estate section, the web-page can finally be revealed

Maio Land For Sale on Ilha do Maio Cape Verde (Cabo Verde)

Land sales on the Ilha do Maio have steadily been increasing over the last couple of years as the prices for premier land are substantially less than other islands in Cape Verde.

Jul
16

A new set of excellent and stunning photographs of Ilha do Maio, Cape Verde, have been added to the MaioCV.com website gallery page.

Maio Cape Verde Photographs Gallery

ilha do maio plus stella maris

Excellent and stunning photo gallery of Ilha do Maio in Cape Verde

Also, beautiful recent images of the excellent Stella Maris villa development in Vila do Maio.

Jun
29

Work is under-way at present installing underground electricity and water lines from the main highway to Morro Beach.

The work is being done by a private enterprise which has a large development in the fast-growing beach front area.

Also at this time a beach access road will accompany the utilities lines and will bridge a low portion of the way.

Jun
24

The Cape Verde archipelago – a collection of 10 islands – was discovered by Portuguese explorers 550 years ago. It was first discovered by UK property investors about five years ago, although for a while a lot of fun was had asking overseas buyers to find Cape Verde on the map.

It is a fascinating and diverse geographical anomaly – the European Caribbean. It is about 300 miles off the coast of Senegal in West Africa; an hour south of the Canary Islands and on the same latitude as the Caribbean. Cape Verde is just a five and a half hour flight from the UK and only an hour ahead of GMT.

The temperatures average out at about 26 degrees, with very little rain and an array of stunning beaches beside turquoise waters. Nine of the islands are inhabited, with four attracting the most tourist interest Sal, Santiago, Boa Vista and Maio.

“It has, like everywhere, been a tough 18 months but a dip in pricing has allowed buyers to take advantage of deals and now is a really good time to buy,” said Adrian Lillywhite, managing director of Cape Verde Property.

”Infrastructure is slowly but surely improving, with new projects for wind farms and solar electricity and improving road systems. There is a long way to go, but on various islands the airports and ports are being expanded,” added Lillywhite.

He picks Sal as the island of investment choice, with a mix of buyers, including around 100 British purchasers.

“New top quality resorts like the Vila Verde resort and the Melia Tortuga Beach Resort and Spa will be finished soon and will add to the infrastructure and quality end of the residential tourism market,” said Lillywhite. You can fly to Sal direct from Gatwick, Manchester and Birmingham.

You can pick up one-bedroom apartments with sea views for around 140,000 euros, but studios in town can be as little as 75,000 euros. At the Melia Tortuga resort a two-bedroom resale apartment starts at around 130,000 euros and a frontline four-bedroom villa 500,000 euros.

Tax and legal fees when buying amount to around five percent of the purchase price and capital gains tax kicks in at three percent after the first 30 percent gain.

Paul Akwei, managing director of Noscasa, says the government is attracting foreign investment to compensate for the islands’ lack of exports. It has simplified business registration in Cape Verde and there are various tax breaks available. China in particular is pumping a lot of infrastructure investment into Cape Verde.

“It is an emerging market with a long way to go. People investing here are mostly in it for the long-term and realise their investment will mature as the infrastructure improves. Tourist arrivals are increasing at an annual rate of 22 percent with a projected one million tourists a year by 2015,” said Akwei. Travel and tourism currently accounts for over a quarter of Cape Verde’s GDP.

While Sal and Boa Vista remain the top tourist and investment attractions, Steve Eddolls of agents Topa says the “lush, mountainous” Sao Vicente is also drawing buyers and holiday-makers, with a new airport on the island’s capital Mindelo.

“The tropical beach island of Maio is becoming the favoured choice for wealthy Cape Verdeans and is set to attract international investors,” said Eddolls. You can buy a studio apartment on Maio with an ocean view for as little as 30,000 euros.

Malcolm Lea, director of Positive about Property, points to the political stability of Cape Verde and rising land values and tourist figures as good reasons to investment. Big brand hotels and tour operators are now operating and top quality resorts emerging, but with strict environmental controls to ensure development is low-density and low-rise.

May
13

There are three main islands used by nesting turtles in Cape Verde: Boavista, Sal and Maio. These islands support a nesting population of loggerheads (Caretta caretta), thought to be the 3rd largest colony in the world. Maio is the least protected in terms of sea turtle conservation. Implementing a project here faces challenges such as extensive beaches, difficult access, lots of flooding areas and traditional culture, with people hunting nesting loggerheads as well as illegally taking eggs. In Maio egg consumption is a serious matter, reaching almost 70% of the clutches in some beaches, whilst in Sal this affects only 1% of the nests.

Maio lacks the seriousness of a proper conservation structure. The local government already has a number of guards patrolling the beaches, but their reliability is questionable whilst other interested parties lack the proper knowledge to work with the turtles without disturbing the nesting activities.

Under the directives of the newly founded CVSTN (Cape Verdian Seaturtle Network) and SOS Tartarugas (Sal island), it was possible to undertake the first complete census of the island which found 548 activities (nests and false crawls) gathered over 4 days. We were able to collect information on the nesting beaches to assess population density in order to prioritise future efforts. Identifying flooding areas and areas in which illegal take of eggs was occurring was one of our objectives and we gave support and training to guards and local government officials throughout the season. We initiated outreach campaigns in the community informing people about the importance of the turtles in the wild, effects of captivity as well as teaching the biology and life cycle. The objective of these activities was to change the way local residents view turtles, informing them of the threatened status and the economic potential of a nesting congregation. There is a need for immediate protection and conservation of this population as, development is still in early stages and we can work with developers and locals alike to create a sustainable turtle friendly island.

We started working with several active members of the local community and ran groups of workshops and training sessions along with night time visits to the nesting beaches so people could witness the process. These actions were supported by the city hall, local authorities (also involved) and local businesses. This had a strong impact on the community and outreach activities were viewed as a positive experience for all, assuring the interest and feeling for protection of the species. All the people involved during the course of these actions were very committed, but after the departure of our delegation from Maio island things fell into oblivion and no more efforts were made to improve and continue the work begun during our stay. There is a need for a hatchery, active beach protection and a tagging program to progress the ongoing task of saving sea turtles and developing a successful community based conservation project.

Original article – click here

Apr
19

Second Cabo Verde Fast Ferry vessel to be called “Liberdadi”

Alcides Vicente, a Cape Verdean residing in Atlanta, Georgia (in the United States), is the winner of the contest aimed at selecting the name for the second ferry boat being built by Cabo Verde Fast Ferry. The name chosen is “Liberdadi” (“Freedom”). The name of the first vessel is Kriola.
Second Cabo Verde Fast Ferry vessel to be called “Liberdadi”

Construction of the first of the two ferries is expected to be concluded by October of this year. The second ferry, according to Cabo Verde Fast Ferry, is slated to be finished in January of 2011.

The winner of the contest to choose the name of the vessel, Alcides Vicente, will receive an award in the form of US$ 500 cash, two round-trip tickets on TACV Cabo Verde Airlines from Boston to Praia and a trip aboard the first ferry, as well as lodging in the most luxurious hotels and resorts on the islands.

Original Article: ASemana – click here

Apr
16

Cape Verde-EU partnership agreement reached

Cape Verde Prime Minister José Maria Neves held a high-level meeting in Brussels with European Commission leader José Manuel Barroso to finalise the last steps in negotiations about an Economic Partnership Agreement with the EU. Cape Verde is to benefit from new funding from the EU.

Prime Minister Neves was accompanied by Cape Verde’s Foreign Minister José Brito, the National Director of Political Affairs and Cooperation and other senior diplomats from the archipelago. The mission on Tuesday met with the President of the European Commission to discuss and deepen a partnership agreement signed in Brussels last year, focusing on the issue of economic partnership, and also a mobility agreement.

Judging by the testimonies of participants in the meeting, the meeting was a success and achieved significant progress. Cape Verde is negotiating an economic partnership agreement with the European Union (EU) that will allow the West African archipelago to continue to enjoy favourable export conditions for its products to Europe.

Cape Verde until now has enjoyd the facilities granted to so-called least developed countries (LDCs), which exempts poor trade partners from customs duties for export to Europe.

But Cape Verde has seen a flamboyant economic development during the last decades, and a few years ago the UN redfined it as a middle income country, meaning that Cape Verde was to lose favourable LDC condition after a transitional period of three years. This period ends in December this year. The Cape Verdean government however hopes to extend the transition period for yet another year, and the Brussels meeting idicated its bid is being successful.

“We want to sign [the Economic Partnership Agreement] as soon as possible,” stated Prime Minister Neves after the meeting. The new EU-Cape Verde agreement orginally should be reached within the regional framework of ECOWAS. But the LDC transition had complicated matters. Mr Neves said EU leader Barroso had been “aware and sensitive” on the matter, together seeking solutions or a smooth transition and a possibility to win time for Cape Verde.

Cape Verde has already achieved a special partnership agreement with the EU, handling both political and economic matters. With a separate Economic Partnership Agreement, Cape Verde further moves from ECOWAS towards the EU. After the LDC transition, Cape Verde aims at a deeper integration into the EU economy and market.

The Brussels meeting also addressed mobility and visa regulations. Cape Verdeans are about to obtain a special visa partnership with the European bloc. Mr Neves said that the Cape Verde-EU mobility partnership negotiations had seen “considerable progress,” and he expected a signature of the agreement “later this year.”

This agreement aims to create special facilities for obtaining visas for entry into the Schengen area for Cape Verde citizens, such as reducing the time for decision making in relation to the issuance of a visa or not, the establishment of preferential rates or total exemption of visas, among other issues. It was also an effective way to combat illegal immigration, according to Mr Barroso and Mr Neves.

According to information forwarded afrol News, the Brussels meeting also treated the possibility of a substantial increase of contributions by European Commission funds through the European Development Fund (EDF) to support Cape Verde’s transition from a least developed country to a medium income country.

In addition, the West African archipelago may benefit from other funds such as the V-Flex (Vulnerability Fund) and also the framework of the EU to combat climate change under the Regional Indicative Programme for West Africa, PM Neves was told in Brussels.

Original Article: afrol – click here