Big resort in Cape Verde planned, thanks to Portugese colonial history and Cape Verdean good governance

-

According to www.hotelnewsresource.com yesterday, 

"Macau Legend Development Limited today announced that MLD Cabo Verde Resorts, S.A. and MLD Cabo Verde Entretenimento, S.A., both wholly-owned subsidiaries of the Company, have entered into several agreements with, among others, the Government of the Republic of Cape Verde to develop a 152,700 square-meters integrated resort and gaming facility complex."

So China is not just investing in oil drilling and mining, they're also investing in hotels and casinos and convention centers and all the other stuff that will be in this big resort.

China is investing all over Africa, but the connection between Cape Verde and Macau in particular is they were both colonized by the Portugese. Cape Verde was a Portugese colony until 1975. Macau was kind of Portugal's version of Britain's Hong Kong, and, like Hong Kong, is now a special administrative region of the People's Republic of China.

Anyway, the investment is a tribute to Cape Verde's political stability and general good governance. For example, former president Pedro Pires won the Mo Ibrahim Prize in 2011.

Comments

Post a Comment

Popular posts from this blog

Burkina Faso army orders coup leaders back to barracks; dueling focal points in battle of the sexes

-
Image
Source: AFP In my first post on last week's military coup in Burkina Faso, I predicted that "It is unlikely that the military will remain in power for long." However, I'll be the first to admit I had no idea the coup would end the way it seems to be ending. Quick background: President Compaore's 27-year rule ended on Halloween last year in response to street protests when he and his ruling party, the CDP, tried to remove the term-limits so Compaore could run for another term as president. An interim government planned for elections in October 2015, but a new electoral code banned the CDP and its allies from running. The CDP appealed to the ECOWAS Court, and that Court said the ban violated the former ruling party's human rights, but the Burkina Faso Constitutional Court ignored that ruling and enforced the electoral code, banning the CDP. Meanwhile, a commission of the interim government recommended disbanding Compaore's elite presidential gua
Read more

Presidential Term Limits and Regime Type

-
Image
After my post on president age , it struck me that in just 2 years, three of the 15 presidents ran for a 3rd or 4th term. That seems like a lot, since presidential term limits (usually 2) are one of the continent's democratic successes.  Presidential term limits are particularly important in "presidential regimes" in which the president is both head of state and head of government. In semi-presidential regimes , where the prime minister is head of government and answers to both the president and the legislature, presidential term limits might play a different role. The president is already constrained to a greater degree by the legislature, and prime ministers generally don't have term limits, so term limits on the presidency might not be as high-stakes.  So I thought it would be interesting to look at the status of term limits in presidential and semi-presidential ECOWAS countries separately. (There are currently no parliamentary regimes in the region.) Shugart and
Read more

Terrorist attack in Burkina Faso (UPDATED)

-
Image
Soldiers stand guard in front of the Splendid Hotel after an attack on the hotel and a restaurant in Ouagadougou, Burkina Faso, January 18, 2016. REUTERS/JOE PENNEY President Kobara is off to a tough start. Twenty-nine civilians from seven countries were killed in a violent terrorist attack in the nation's capital. "Officials have not yet been able to determine whether al Qaeda in the Islamic Maghreb (AQIM) and al Mourabitoun, groups that claimed responsibility for both attacks, used a local jihadist cell or sent fighters from northern Mali." AQIM is part of Al Queda and was launched in Algeria, spread to Mali where it took over half the country until the French dropped some bombs, after which it expanded into Tunisia and Morocco. I believe this would be AQIM's first attack in Burkina Faso. UPDATE: The Monkey Cage has a nice extended post about what the attack means for Burkina Faso - consequences, challenges, etc. Check it out. 
Read more