Portugal has announced that all debt repayments it receives from its former colony of Cape Verde will be fully reinvested into the African country to drive its transition to a greener and more sustainable future.
The archipelago of 10 small islands, off Africa's west coast, owes Portugal more than $650m (£524m), of which $13m is due to be repaid by 2025.
Speaking in Cape Verde, Portugal's Prime Minister António Costa said that money will now be ploughed back into Cape Verde to support renewable energy and other green projects.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
NSMQ star Jochebed Adwoa Sutherland sweeps 12 awards at UG Vice-Chancellor’s Ceremony
16 mins -
Ghana’s Education Quality ranked 125 out of 183 countries in latest Global Youth Development Index
41 mins -
Emma Stone wants people to use her real first name
44 mins -
FIFA Club World Cup 2025: Sundowns, Esperance join Al Ahly and Wydad as CAF representatives
5 hours -
CAFCL: Al Ahly set up historic final with ES Tunis
5 hours -
We didn’t sneak out 10 BVDs; they were auctioned as obsolete equipment – EC
9 hours -
King Charles to resume public duties after progress in cancer treatment
9 hours -
Arda Guler scores on first start in La Liga as Madrid beat Real Sociedad
9 hours -
Fatawu Issahaku’s Leicester City secures Premier League promotion after Leeds defeat
10 hours -
Anticipation builds as Junior Speller hosts nationwide auditions
10 hours -
Etse Sikanku: The driver’s mate conundrum
11 hours -
IMF Deputy Chief worried large chunk of Eurobonds is used to service debt
11 hours -
Otumfuo Osei Tutu II celebrates 25 years of peaceful rule on golden stool
11 hours -
We have enough funds to pay accruing benefits; we’ve never missed pension payments since 1991 – SSNIT
11 hours -
Let’s embrace shared vision and propel National Banking College – First Deputy Governor
12 hours