The European Union and the European Investment Bank (EIB) have announced a €300 million investment to strengthen Cabo Verde’s digital infrastructure, ports and renewable energy sectors.
The energy sector will receive €159 million to design and build an electricity production, grid and storage system. The investment aligns with Cabo Verde’s National Electricity Master Plan, which aims to reduce the country’s reliance on costly and polluting fossil fuels by 2040, while integrating renewable energy storage.
In the digital sector, €37 million will be invested to position Cabo Verde as a digital hub for West Africa. The funding will support the installation of a next-generation submarine cable linking Europe to West Africa and modernize the nation’s inter-island fiber-optic network. An additional €105 million will be allocated to expand and modernize key ports, including Porto Grande in São Vicente, Porto Novo in Santo Antão and Palmeira on Sal Island.
“Together, we are paving the way for a more sustainable and prosperous future for the people of Cabo Verde and the wider West African region,” said European Commissioner Jutta Urpilainen.
