The Government of Cape Verde officially inaugurated, on May 5 and 6, 2025, the poles of the Cape Verde Technology Park (TechparkCV) in Praia and Mindelo, consolidating the country as an emerging reference in technological innovation in West Africa and the average Atlantic.
The inauguration ceremony of the main campus on the beach took place on Monday, May 5, while the Mindelo Polo, on the island of São Vicente, was inaugurated the next day. The event brought together about 1,300 participants from 37 countries, including government representatives, businessmen, investors, academics and international leaders in the technological sector.
Among the presence of prominent presence were the president of the African Development Bank (BAD), Akinwumi Adhesina, the Prime Minister of Cape Verde, Ulysses Correia e Silva, and the president of the Board of Directors of TechparkCV, Carlos Monteiro. During the beach ceremony, Adhesina was awarded the professional merit medal – 1st degree, recognizing the role of BAD in financing the project.
TechParkCV represents a total investment of $ 56.5 million, resulting from BAD financing and a national counterpart. The park has been operating since November 2023, currently welcoming 23 national and international companies, operating in areas such as ICT, renewable energy, digital economy and shared services.
The Business Plan provides for the installation of 30 companies by 2030, with the potential to create up to 1,000 direct and 2,000 indirect jobs, streamlining the Cape Verdean technological and business ecosystem.
Designed as an International Innovation Hub, TechParkCV offers modern infrastructures, training programs, workshops, mentoring and networking events, promoting the connection between start-ups, investors and businesses. The park also aims to strengthen academic partnerships and ensure the qualification of talents to meet the demands of the global market.
With the inauguration of the poles of Praia and Mindelo, Cape Verde reinforces its position as a technological and digital reference in the region, betting on innovation, training and attraction of international investment to boost the archipelago’s digital economy.