Cape Verde’s Ministry of Finance issued a statement on the sale of shares in Cabo Verde Handling, S.A. (CV Handling), saying the divestment is being carried out under a rigorous, transparent procedure approved years ago and is not tied to any political calendar. It said the process has completed three stages and is now in the final phase of negotiations and selection of the entity to contract with the state. The legal framework was set by Decree-Law No. 31/2020 of 23 March, with strategic objectives and criteria for evaluating binding proposals defined in Council of Ministers Resolution No. 35/2025 of 21 May. Launched in February 2024, the procedure has covered expressions of interest, candidate qualification, and the review and ranking of proposals; the negotiation phase is intended solely to improve the conditions offered by bidders. The government warned that suspending the process at this stage could damage investor confidence and the credibility of the country, and noted that proposals are valid for 120 days and may not remain binding through an electoral period. It said it will continue the process to completion in line with the legal requirements and the pre-set procedural timetable.

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