PRAIA, Cape Verde — Cape Verde has announced a significant new investment drive focused on the country's growing blue economy, with authorities prioritizing maritime infrastructure, sustainable fisheries, and ocean-based industries as key pillars of future economic development.

Government officials said the initiative aims to enhance port capacity, improve logistics services, and support businesses operating in fisheries, marine tourism, and renewable ocean energy. The strategy is expected to attract international investors while creating new employment opportunities across the archipelago.

Cape Verde's location in the Atlantic Ocean has long been viewed as a strategic advantage for trade and maritime services. Officials believe expanding the blue economy will strengthen economic resilience and diversify revenue sources beyond traditional sectors.

Industry experts say the programme could position Cape Verde as one of West Africa's leading maritime hubs, supporting regional trade, sustainable resource management, and innovation in ocean-related industries.

The government also emphasized environmental sustainability, noting that marine conservation and responsible resource management will remain central components of future development plans.