Lusophone Compact Champions Private Investment.

Thursday 24th July 2025

By inAfrika Reporter

At the 15th Summit of the Community of Portuguese-Speaking Countries in Bissau, the Lusophone Compact Secretariat engaged heads of state and economic leaders to chart a path for sustainable investment across six African nations. The Compact, a joint initiative by the African Development Bank and the governments of Portugal and Brazil, aims to strengthen private sector investment in Angola, Guinea-Bissau, Cabo Verde, Mozambique, São Tomé and Príncipe, and Equatorial Guinea.

Representing a linguistic and economic bloc of over 300 million people, the Lusophone Compact targets inclusive economic transformation through blended finance, private sector development, and regional cooperation. Discussions at the summit focused on food security, technology, and sustainability key priorities of the current Guinea-Bissau presidency.

The summit also offered an opportunity to showcase financing tools and investment eligibility criteria. One of the Compact’s biggest success stories is the Cabeólica wind energy project in Cabo Verde, co-financed by the African Development Bank. The project supplies over 20% of the country’s electricity and has created over 150 jobs, while drastically reducing carbon emissions.

Neima Ferreira, coordinator of the Compact, highlighted the potential of Portuguese-speaking countries to drive a new wave of sustainable growth. Guinea-Bissau expressed strong interest in leveraging Compact tools to align with its development plans. By blending private capital with strategic planning, the Compact creates real momentum for regional progress.