The European Union (EU) and its bank, the European Investment Bank (EIB Global), have signed a 34 million euros investment grant to support the rehabilitation and expansion of Cabo Verde’s main ports and its main shipyard. This new grant complements 114 million euros in EIB financing signed in 2024 with the Republic of Cabo Verde. Together, the funding forms around 148 million euros on concessional financing package to enable strategic investments in port infrastructure.