Cape Verde has officially launched TechPark CV, a state-of-the-art digital innovation hub that is set to make the country West Africa’s leading tech gateway.
With a €45.59 million investment from the African Development Bank (AfDB), the tech park marks a major milestone in Cape Verde’s digital transformation agenda and represents nearly 2% of the nation’s GDP.
The initiative reflects Cape Verde’s ambition to become a strategic hub for digital services connecting West Africa, Europe, and the Americas.
TechPark CV features two campuses located in Praia on Santiago Island and Mindelo on São Vicente Island. The park currently hosts 23 companies and has the capacity to support up to 1,500 workers. It is equipped with sustainable infrastructure, including coworking spaces, data centres, training and business centres, and a modern conference facility—all connected by high-speed digital networks.
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The project is part of a broader strategy to diversify Cape Verde’s economy and create employment by nurturing local talent and attracting international investment.
The inaugural event in Praia gathered over 300 businesses, including major global tech firms such as Intel, Microsoft, and Smart Africa. It also attracted prominent political and economic leaders, including Cape Verde’s Prime Minister Ulisses Correia e Silva and AfDB President Dr. Akinwumi A. Adesina. Panels at the event focused on technology’s role in shaping Africa’s digital future, featuring voices like Elisabeth Moreno, former French Minister and tech executive.
As a designated Special Economic Zone for Technologies (ZEET), TechPark CV offers competitive incentives including VAT and import tax exemptions, and a reduced corporate tax rate of 2.5% for qualifying businesses. It aims to foster innovation in cutting-edge areas such as AI, blockchain, fintech, big data, and IoT.
Beyond Cape Verde, the park will collaborate with ECOWAS to promote regional innovation.
