Spanish Cooperation will fund a project to promote entrepreneurship and employment in the Blue Economy in Cabo Verde with €160,000, according to an agreement to be signed in Praia on Wednesday, according to the United Nations Food and Agriculture Organization (FAO).

The project will be implemented for a year and, according to a source from FAO, should benefit youths and adults to establish a co-operation platform to promote entrepreneurship, and train fishermen and fish sellers to “promote the integration of the value chain” in fishing and tourism, applying the principles of the Blue Economy, but also to ensure greater “autonomy of actors in the fisheries sector.

The aim is to carry out “awareness, communication, knowledge transfer and capacity-building actions, ensuring that 40 % tof the total beneficiaries are women,” said the FAO, which, together with the Cabo Verdean government and Spanish co-operation, has drawn up the project “Promoting entrepreneurship in the Blue Economy,” to contribute to the process of sustainable transition to the Blue Economy in Cape Verde.

The agreement to implement this project, to be signed today between the parties and which provides funding of US$167,200 (€160,000) by the Spanish Agency for International Development Cooperation, has, as partners, the Cabo Verdean Ministry of Maritime Affairs and Pro-Empresa, a public institution, with FAO as the executing agency.