Cape Verde has officially launched TechPark CV, a €45.59 million tech hub designed to position the island nation as a regional digital powerhouse connecting West Africa, Europe, and the Americas.
Why it matters
The project — nearly 2% of Cape Verde’s GDP — is a major step in diversifying the economy through digital innovation, supported by the African Development Bank (AfDB).
It signals Cape Verde’s ambition to become a strategic hub for emerging technologies in West Africa.
The details
- 23 companies are already based at the park, which can host up to 1,500 workers.
- The park spans two campuses: Praia (Santiago Island) and Mindelo (São Vicente Island).
- Facilities include coworking spaces, training centres, conference halls, and high-speed connectivity.
- Offers tax breaks: 2.5% corporate tax rate, plus VAT/import tax exemptions under its ZEET (Special Economic Zone for Technologies) designation.
Global interest
Over 300 companies, including Intel, Microsoft, and Smart Africa, are attending the launch, underscoring international interest in Cape Verde’s tech ambitions.
- Speakers include Cape Verde’s Prime Minister Ulisses Correia e Silva and AfDB President Dr. Akinwumi Adesina.
- A key panel features ex-French Minister Elisabeth Moreno alongside senior execs from the global tech sector.
Between the lines
TechPark CV is not just about infrastructure — it’s a strategic bet on AI, blockchain, fintech, big data, and IoT.
With backing from ECOWAS and strong public-private alignment, it aims to drive regional digital transformation.
What they’re saying:
“We’re not just building a digital hub; we’re fostering a community where technology drives economic growth and sustainable development.” — Carlos Monteiro, President, TechPark CV
Big picture
With its mid-Atlantic location and spirit of morabeza (Cape Verdean hospitality), TechPark CV is aiming to become a launchpad for African startups and a bridge between continents in the global digital economy.
