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Top related persons:
Antonio Costa - 1 Costa - 1 Ulisses Correia e Silva - 1 Cape Verde's Silva - 1 Sergio Goncalves - 1 Inti Landauro - 1 Susan Fenton - 1
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LISBON Portugal Cape Verde Lisbon Cape Africa Portuguese Ukraine
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Cape Verde's - 1 Thomson - 1

Search resuls for: "Cape Verde's"


4 mentions found


☆ Portugal to swap $153 million Cape Verde debt for nature investments
  + stars: | 2023-06-20 | by ( Sergio Goncalves | ) www.reuters.com   time to read: +2 min
LISBON, June 20 (Reuters) - Portugal plans to swap the entire 140 million euro ($152.91 million) debt it is owed by Cape Verde for investments in the archipelago's environmental and climate fund, Prime Minister Antonio Costa said on Tuesday. The two countries had already agreed in January to swap 12 million euros of debt repayments scheduled until 2025 and then assess the effectiveness of this mechanism in concrete projects. "We are sure the assessment we will make in 2025 will be positive and that we will be able to extend this mechanism to all 140 million euros of debt throughout its maturity," Costa said. Cape Verde's Silva said the investments will increase the country's resilience and achieve sustainable development goals. Cape Verde is 80% dependent on imported fossil fuel energy, which has risen sharply in price following Russia's invasion of Ukraine in 2022.
Persons: Antonio Costa, Costa, Ulisses Correia e Silva, Cape Verde's Silva, Sergio Goncalves, Inti Landauro, Susan Fenton Organizations: Cape Verde's, Thomson Locations: LISBON, Portugal, Cape Verde, Lisbon, Cape, Africa, Portuguese, Ukraine
☆ THG appoints Damian Sanders as chief financial officer
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: 1 min
Portugal agrees to swap Cape Verde's debt for environmental investment, article with galleryEnvironment category · January 23, 2023Portugal has signed an agreement to swap Cape Verde's debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa's coast, Portuguese Prime Minister Antonio Costa said on Monday.
☆ Portugal agrees to swap Cape Verde's debt for environmental investment
  + stars: | 2023-01-23 | by ( Sergio Goncalves | ) www.reuters.com   time to read: +2 min
LISBON, Jan 23 (Reuters) - Portugal has signed an agreement to swap Cape Verde's debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa's coast, Portuguese Prime Minister Antonio Costa said on Monday. The former Portuguese colony, which is already suffering from rising sea levels and significant biodiversity loss due to increasing ocean acidity, owes around 140 million euros ($152 million) to the Portuguese state and over 400 million to its banks and other entities. Climate change is a challenge that takes place on a global scale and no country will be (environmentally) sustainable if all countries are not sustainable," Costa said during a state visit to Cape Verde in remarks broadcast by RTP television. Cape Verde Prime Minister Ulisses Correia e Silva said his country needed to urgently enable mechanisms and financing instruments to support such solutions and deal with natural emergencies. ($1 = 0.9206 euros)Reporting by Sergio Goncalves; editing by Andrei Khalip and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
☆ Angolan court orders seizure of dos Santos's assets - Lusa news agency
  + stars: | 2022-12-27 | by ( ) www.reuters.com   time to read: +1 min
Dos Santos has faced corruption accusations for years. In 2019, Angola's Supreme Court ordered the seizure of her assets for allegedly steering state funds to companies in which she held stakes during her father's presidency, including oil giant Sonangol. Dos Santos's father, Jose Eduardo dos Santos, died in July. A spokesperson for dos Santos did not immediately reply to a request for comment. The order comes after global police agency Interpol issued a red notice for dos Santos last month, asking global law enforcement authorities to locate and provisionally arrest her.
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