Subconcession process for port activities launched in the next few days

In the next few days, we will launch the sub-concession of port activities," he said.

Alcindo Mota said that the process is being prepared and is entering its final phase, without saying which model would be followed - direct consultation or public tender.

In January, Deputy Prime Minister Olavo Correia told Lusa that a prior market consultation on interest in Enapor had already been approved.

The port sub-concession will be the third privatisation of the year.

The first was the Public Offer for Sale of 27.44 per cent of the capital held by the state in Caixa Económica (one of the archipelago's largest banks), in which demand was 96 per cent of the offer, yielding the equivalent of 13.6 million euros for Cape Verdean coffers.

The executive is also in the process of selling CV Handling, a company that provides air transport assistance at the country's seven airports and aerodromes.

Created in 1982, Enapor increased its share capital in 2009 to 1.2 billion escudos (10.8 million euros), all of which belongs to the Cape Verdean state.

The Cape Verdean government plans to privatise nine state-owned companies by the end of the first half of 2025.

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