Cape Verde – Ideal Location for Aquaculture

NORTUNA – IMPORTANT CONTRIBUTOR

Choosing Cape Verde

Officially named the Republic of Cabo Verde, this archipelago lies in the central Atlantic Ocean, off the west coast of Africa. Comprising ten volcanic islands, Cape Verde is celebrated for its warm tropical climate. Uninhabited until the 15th century, Portuguese explorers colonized these islands, with Praia on Santiago serving as the capital. The official languages are Portuguese and Cape Verdean Creole, a Portuguese-African language hybrid. The islands boast a rich culture blending African and Portuguese influences. Its economy primarily revolves around services, tourism, light industry, and fishing. Gaining independence from Portugal in 1975, Cape Verde enjoys a relatively high standard of living compared to other African nations.

EASY ACCESS TO MARKETS

Easy direct access to 4 continents
Optimal quality 72 hours post-slaughter
Pilot: Fresh airborne products for white-table-cloth segment worldwide
Commercial phase: Volume markets
Goal: Predictable and repetitive supply and quality through continuous optimized harvesting &logistics
Sea-farmed ABFT acknowledged to support UN’s sustainability goals
Certified as sustainable by environmental organisations

FAVORABLE WATER TEMPERATURES, CLIMATE AND BIOTOPE

Exclusive contracts with Authorities – extensive upscaling capacity
Pristine waters with favourable water temperatures 22-27 C year-round = optimal growth rate
Benign weather conditions
Stable political system with strong relations to Europe / EU

Favorable water temperatures, climate and biotype

NORTUNA SETTING NEW STANDARDS

Concession for Large
Scale Production

Concession for 250 000 m2 land for Onshore facilities at Flamengo beach at São Vincente
Concession for 600 000m2 sea area offshore São Vincente for sea farming facilities
Expansion rigths offshore Santo Antão and São Nicolau for future expansion
Total potential for more than 140 000 tonnes per year

WHAT WILL NORTUNA MEAN FOR CAPE VERDE

Corporate Social
Responsibility

SETTING NEW STANDARD

Nortuna is setting a new standard for corporate social responsibility through its groundbreaking sustainable aquaculture initiatives in Cape Verde. As a conscientious employer, Nortuna commits to conducting its business in a way that respects and enhances the local environment and community.

SUPPORTING ECONOMICAL DEVELOPMENT

By implementing special agreements with the authorities, Nortuna will pay corporate tax at a level equivalent to that in Norway, significantly above the standard corporate tax rate in Cape Verde. This tax contribution demonstrates Nortuna's dedication to supporting local economic development.

DEVELOPING INFRASTRUCTURE

Beyond financial concerns, Nortuna are keen on developing infrastructure outside the most populated islands, creating valuable jobs, and establishing aquaculture facilities that adhere to strict Norwegian standards for sustainability and environmental protection.

This includes an environmentally conscious approach to everything from feed to operating methods, ensuring minimal impact on the local ecosystem. Collaboration with local schools and universities is key to building local expertise and ensuring that the community benefits from Nortuna's long-term presence.

THE HOLLISTIC APPROACH

This initiative will not only promote education and research in aquaculture but also strengthen Cape Verde's position as an attractive destination for other types of investments, such as tourism. Nortuna's operations are closely aligned with the UN's Sustainable Development Goals, showing a deep understanding of the importance of conducting business in a way that promotes economic, social, and environmental well-being.

Through this holistic approach, Nortuna illustrates how modern aquaculture can be a force for good, setting an inspiring standard for investments in developing countries.