Cabo Verde 2026

INVESTMENT PROFILE
20.23 million
(in USD) Investment sought
20.33% 
Internal rate of return
2 million
(in USD) Government budget

SUSTAINABILITY BENEFITS
9,600
Direct beneficiaries
858
(in USD) Average capita income
 

The HIH Initiative uses geospatial, biophysical and socio-economic data, as well as advanced analytics to identify territories where agricultural transformation and sustainable management of forest and fisheries have the greatest potential for alleviating poverty and hunger. GIS analysts, economists, agronomists, and other experts bring analytics, models, and mechanisms to the Initiative. Numerous partnerships with leading research institutions across the world also enrich the informational and analytical content of these tools. The integration of technical tools informs policymaking and contributes to capacities of countries.

 Download the summary

Geospatial Typologies

Agro-informatics connects information technology with the management, analysis and application of agricultural data to indentify territories with untapped agrifood potential and design more accurate and targeted agrifood interventions. The use of new technologies and techniques in agriculture, such as satellite imagery, remote sensing, and geographic information systems, enable the transformation of data into actionable information.

POVERTY
POTENTIAL
EFFICIENCY
Poverty
Potential
Efficiency
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Investment cases in Cabo Verde

The investment proposal developed by the Cabo Verde is available to download and review in various languages below, including details on Investment opportunities.

Investment Cases and Interventions

AdequacyFleet Investment

Adequacy fleet investment

INVESTMENT
USD 5.8M
INTERNAL RATE OF RETURN (%)
14%
NET PRESENT VALUE
USD 676,558
DIRECT BENEFICIARIES
300
INDIRECT BENEFICIARIES
900
INCOME INCREASE PER CAPITA
1,127 USD/person
EMISSION REDUTION (EXACT)
0 TCO2-E

Many of the vessels that are part of Cabo Verde’s semi-industrial fleet are outdated, fuel-inefficient, and lack proper on-board refrigeration, resulting in spoilage rates of up to 30% and limited export opportunities. Therefore, the investments prioritized under HIH aim to modernize vessels, reduce post-harvest losses, and increase competitiveness of the country’s fishing sector in regional and international markets.

To address these challenges, the new investments identified will introduce solar-powered freezing units, insulated storage holds and blast freezers that preserve fish quality for both tourism and export markets. Hybrid propulsion systems and optimized hull designs will cut fuel costs by 20–30 percent and lower emissions by 25 percent. Digital monitoring and traceability systems will also be installed to ensure compliance with international standards, enabling access to premium markets in Europe and West Africa.

Complementary training programs for crews will cover sustainable fishing practices, handling techniques, and compliance with eco-label certification requirements.
Reconversion  Investment

Reconversion investment

INVESTMENT
USD 12.3M
INTERNAL RATE OF RETURN (%)
18%
NET PRESENT VALUE
USD 1.56M
DIRECT BENEFICIARIES
900
INDIRECT BENEFICIARIES
1,500
INCOME INCREASE PER CAPITA
2,400 USD/person
EMISSION REDUTION (EXACT)
0 TCO2-E

Cabo Verde’s artisanal fishing fleet of about 1,500 boats faces serious constraints: low safety standards, outdated engines, high spoilage rates, and unsustainable pressure on coastal fish stocks. Only 20 percent of vessels are equipped with basic safety gear, and most lack refrigeration.

The reconversion strategy seeks to transform 150–300 artisanal boats into semi-industrial vessels, equipped with reinforced fiberglass hulls, fuel-efficient or hybrid engines, and modern safety and navigation systems. On-board refrigeration and selective fishing gear will reduce spoilage and bycatch while promoting sustainable practices.

Producer cooperatives will receive targeted training on navigation, safety at sea, sustainable fishing, and financial management. Access to credit will be facilitated through blended finance and government incentive schemes.
Value Chain Income Integrated Project

Value chain income integrated project

INVESTMENT
USD 2.15M
INTERNAL RATE OF RETURN (%)
24%
NET PRESENT VALUE
USD 3.69M
DIRECT BENEFICIARIES
1,500
INDIRECT BENEFICIARIES
4,500
INCOME INCREASE PER CAPITA
615 USD/person
EMISSION REDUTION (EXACT)
 TCO2-E

This integrated project promotes diversification and resilience by combining digital technology, cold-chain logistics, value addition, and eco-tourism. The initiative will establish a digital marketplace and mobile app to connect fishers directly with canneries, hotels, and export buyers, ensuring fair trade and transparency.

Investments will also include eco-friendly processing units producing fillets, smoked fish, and ready-to-eat meals, as well as solar-powered cold storage and refrigerated transport. Fish waste will be upcycled into organic fertilizers and aquafeed, reducing waste and creating new revenue streams.

The project incorporates seafood gastronomy and eco-tourism components, such as culinary tours and partnerships with hotels, to generate additional demand for sustainably sourced seafood. Training programs will empower communities with skills in sustainability, hospitality, and quality control, with a special focus on women and youth.

Resources

FAO's Hand-in-Hand Initiative
21/12/2023

The Hand-in-Hand (HIH) Initiative supports the implementation of nationally led, ambitious programmes to accelerate agrifood systems transformations...

In the Media

Contacts

For more information, please contact the Hand-in-Hand team