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Project ID: 0000
Morabeza Innovation Fund Project
Project Area

Inovação

MANAGEMENT UNIT

Special Projects Management Unit

Date of entry into force

30/04/2025

Closing Date

State

In progress

Total Value

€ 156.000.000,00 (EUR)

0,00 CVE

Initial Value

€ 24.000.000,00 (EUR)

0,00 CVE

Additional Value

€ 0,00 (EUR)

0,00 CVE

1%

% Execution

Objetive

The Morabeza Fund is a joint initiative of the Government of Cape Verde and the African Development Bank, designed to boost innovation, the digital economy, and national competitiveness. It aims to support transformative projects that stimulate youth entrepreneurship and promote the creation of skilled jobs. It focuses on strengthening the digital ecosystem, accelerating the transition to a knowledge-based economy. It contributes to the modernization of the public and private sectors through the digitization of services and processes. It promotes inclusive access to technologies and opportunities, reducing social and territorial inequalities. It is a driver of strategic partnerships between the state, businesses, and civil society. It stimulates investment in disruptive areas with a direct impact on sustainable development. It strengthens Cape Verde's position as a digital and innovation hub in West Africa. It encourages the country's integration into the regional and global economy through technology. Above all, it is an instrument of economic growth, social inclusion, and a digital future for Cape Verde.

Description

The Morabeza Fund's activities are structured around three main components: 1) Go Global: supports Cape Verdean companies and startups in expanding into international markets, strengthening their global competitiveness. 2) Grow Local: focuses on strengthening the internal business ecosystem, stimulating youth entrepreneurship and the creation of skilled jobs. 3) Governance and Digital Coordination: aims to modernize public administration and strengthen the regulation and coordination of the digital sector. Together, these three components drive sustainable development, positioning Cape Verde as a hub for innovation and the digital economy in Africa.

Components​

Title Purpose Amount in USD

Indicators

Beneficiary Entities

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