Adequacy Fleet Investment

Many of the vessels that are part of Cabo Verde’s semi-industrial fleet are outdated, fuel-inefficient, and lack proper on-board refrigeration, resulting in spoilage rates of up to 30% and limited export opportunities. Therefore, the investments prioritized under HIH aim to modernize vessels, reduce post-harvest losses, and increase competitiveness of the country’s fishing sector in regional and international markets.

To address these challenges, the new investments identified will introduce solar-powered freezing units, insulated storage holds and blast freezers that preserve fish quality for both tourism and export markets. Hybrid propulsion systems and optimized hull designs will cut fuel costs by 20–30 percent and lower emissions by 25 percent. Digital monitoring and traceability systems will also be installed to ensure compliance with international standards, enabling access to premium markets in Europe and West Africa.

Complementary training programs for crews will cover sustainable fishing practices, handling techniques, and compliance with eco-label certification requirements.

Reconversion Investment

Cabo Verde’s artisanal fishing fleet of about 1,500 boats faces serious constraints: low safety standards, outdated engines, high spoilage rates, and unsustainable pressure on coastal fish stocks. Only 20 percent of vessels are equipped with basic safety gear, and most lack refrigeration.

The reconversion strategy seeks to transform 150–300 artisanal boats into semi-industrial vessels, equipped with reinforced fiberglass hulls, fuel-efficient or hybrid engines, and modern safety and navigation systems. On-board refrigeration and selective fishing gear will reduce spoilage and bycatch while promoting sustainable practices.

Producer cooperatives will receive targeted training on navigation, safety at sea, sustainable fishing, and financial management. Access to credit will be facilitated through blended finance and government incentive schemes.

Value Chain Income Integrated Project

This integrated project promotes diversification and resilience by combining digital technology, cold-chain logistics, value addition, and eco-tourism. The initiative will establish a digital marketplace and mobile app to connect fishers directly with canneries, hotels, and export buyers, ensuring fair trade and transparency.

Investments will also include eco-friendly processing units producing fillets, smoked fish, and ready-to-eat meals, as well as solar-powered cold storage and refrigerated transport. Fish waste will be upcycled into organic fertilizers and aquafeed, reducing waste and creating new revenue streams.

The project incorporates seafood gastronomy and eco-tourism components, such as culinary tours and partnerships with hotels, to generate additional demand for sustainably sourced seafood. Training programs will empower communities with skills in sustainability, hospitality, and quality control, with a special focus on women and youth.