Cape Verde is making a bold bet on technology to reverse one of the world’s highest emigration rates. The country is pitching itself as an ideal location for global startups and digital nomads, aiming for the digital economy to contribute 25% of GDP by 2030. Towards this goal, the country has expanded digital public services, boosted internet penetration to 75%, and invested in coding and robotics education for young people. A major part of the strategy is TechParkCV, a $44.78 million technology campus that supports startups, training, and remote work opportunities. Officials hope the improved infrastructure and investment will encourage Africans and the diaspora to build global businesses in Cape Verde, thereby ensuring that talent remains in the country. However, challenges remain, including poor intra-African air connectivity and over-reliance on government subsidies.
The Guardian
