Investment Capital Partners completes its first venture in Cabo Verde by investing in M&J Tech, a local distributor of SAMSUNG products, to enhance technological access and support economic recovery.

Information on the Target

M&J Tech, founded in 2018 by two young entrepreneurs from Cabo Verde, has established itself as a prominent player in the consumer electronics and home white goods market. The company is a licensed distributor of SAMSUNG products, aiming to become the leading supplier in the region. With a strong focus on customer service and product availability, M&J Tech is poised to take advantage of the growing demand for technology products across the nine islands of Cabo Verde.

Under the leadership of Jacqueline Carvalho, the Director of M&J Tech, the company has cultivated a vision of expansion beyond domestic borders, striving to reach neighboring West African countries. This investment not only strengthens M&J Tech's operational capabilities but also emphasizes its commitment to improving the distribution of electronic goods in the archipelago.

Industry Overview in Cabo Verde

The consumer electronics market in Cabo Verde has experienced significant evolution in recent years, driven by increased connectivity and the expanding middle class. With a growing population of tech-savvy consumers, demand for