Cape Verde is set to have a competition regulator, with its creation scheduled for 2019, the deputy prime minister and finance minister announced on Wednesday in Praia.
Olavo Correia was speaking during a public presentation ceremony of the Administrative Council of the Multisector Regulatory Agency of the Economy (ARME), which resulted from the merger between the Economic Regulation Agency (AER) and the National Communications Agency (ANAC).
The Deputy Prime Minister, quoted by the Inforpress news agency, noted that the Government intended to separate regulatory and competition issues to ensure smooth operation, particularly in a small market like Cape Verde.
Correia also announced the immediate creation of an installation commission to ensure that within a year the competition regulator can begin to operate.
ARME is an independent administrative authority for technical and economic regulation of communications, energy, water, and the urban and intercity passenger transport sectors.