IBOV 169,019 ▼ 0.77% IPSA 10,273 ▼ 0.30% IPC MEX 66,141 ▼ 1.86% MERVAL 3,084,617 ▼ 2.83% COLCAP 2,192.97 ▼ 1.58% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.15 ▼ 0.33% USD/MXN 17.45 ▼ 0.17% USD/CLP 912.70 ▲ 1.95% USD/COP 3,593 ▼ 0.03% USD/PEN 3.47 ▼ 0.05% USD/ARS 1,441 ▼ 0.02% USD/UYU 40.26 — 0.00% USD/PYG 6,083 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.09 ▼ 0.21% USD/CRC 458.41 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.64 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 566.26 ▼ 0.13% USD/PAB 1.00 ▲ 2.28% USD/BZD 2.00 ▲ 1.70% USD/JMD 156.99 ▲ 0.28% USD/TTD 6.66 ▲ 0.35% EUR/BRL 5.93 ▲ 1.02% BRENT 95.24 ▲ 2.31% WTI 92.49 ▲ 2.15% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.21% GOLD 4,374 ▲ 0.85% SILVER 68.46 ▼ 0.71% SOY 1,121 ▼ 0.04% CORN 416.00 ▼ 0.36% WHEAT 579.00 ▼ 0.17% COFFEE 246.65 ▼ 0.20% SUGAR 14.12 ▼ 1.05% ORANGE JUICE 159.20 ▼ 5.46% COTTON 77.28 ▲ 3.19% COCOA 3,823 ▼ 3.58% BEEF 241.65 ▼ 3.02% CATTLE 353.90 ▲ 0.15% LITHIUM 78.30 ▼ 5.98% PETR4 40.89 ▼ 0.87% VALE3 78.70 ▼ 3.78% ITUB4 38.83 ▲ 0.28% BBDC4 17.47 ▲ 0.58% ABEV3 16.17 ▲ 0.62% BBAS3 19.17 ▼ 1.84% B3SA3 15.41 ▼ 0.71% WEGE3 42.46 ▲ 1.63% PRIO3 61.12 ▼ 2.35% SUZB3 41.74 ▲ 1.26% RENT3 40.58 ▲ 0.35% AZZA3 17.13 ▼ 1.44% CSAN3 3.59 ▲ 0.28% RAIZ4 0.40 ▲ 2.56% PCAR3 1.68 ▲ 9.09% GMAT3 4.08 ▼ 2.86% PSSA3 47.81 ▼ 0.73% CVCB3 1.45 ▼ 2.03% POSI3 3.66 ▼ 2.40% SLCE3 14.81 ▼ 1.13% NATU3 9.72 ▼ 0.82% BRKM5 8.78 ▼ 6.89% RANI3 7.85 ▼ 0.63% CSNA3 6.00 ▼ 10.18% CMIN3 4.37 ▼ 2.89% USIM5 11.31 ▼ 1.31% GGBR4 23.48 ▼ 2.69% ENEV3 23.89 ▼ 1.40% NEOE3 33.80 — 0.00% CPFE3 42.69 ▼ 1.41% CMIG4 10.88 ▲ 0.18% EQTL3 38.91 ▼ 2.26% LREN3 14.89 ▲ 1.71% VIVT3 32.95 ▼ 2.37% RAIL3 13.94 ▲ 0.36% KLABIN 17.05 ▲ 1.73% RAIA DROGASIL 17.46 ▼ 0.29% RDOR3 32.76 ▼ 1.06% HAPV3 10.94 ▼ 2.50% FLRY3 14.75 ▲ 0.34% SMTO3 16.88 ▼ 2.43% UGPA3 24.96 ▲ 0.16% VBBR3 28.89 ▼ 2.00% BBSE3 35.39 ▲ 1.00% BPAC11 50.65 ▼ 0.12% CURY3 28.70 ▼ 2.55% AERI3 2.34 ▲ 1.30% VIVARA 20.42 ▼ 0.39% COMPASS 25.50 ▼ 1.12% VAMOS 2.95 ▲ 0.34% SANB11 26.73 ▲ 0.04% ASAI3 8.62 ▼ 1.93% SBSP3 27.34 ▲ 0.40% WALMEX 51.11 ▼ 0.74% GMEXICO 202.25 ▼ 4.26% FEMSA 214.10 ▲ 1.26% CEMEX 21.71 ▼ 3.25% GFNORTE 177.08 ▼ 1.34% BIMBO 55.78 ▼ 2.31% TELEVISA 9.21 ▼ 1.29% AMX 21.68 ▼ 0.82% GAP 398.75 ▼ 3.47% ASUR 282.14 ▼ 3.64% OMA 211.83 ▼ 1.64% KOF 185.04 ▲ 0.27% GRUMA 288.01 ▼ 0.97% KIMBER 36.92 ▼ 1.91% SQM-B 69,340 ▼ 0.45% COPEC 6,105 ▼ 0.16% BSANTANDER 68.70 ▲ 0.87% FALABELLA 5,511 ▼ 1.13% ENELAM 75.35 ▼ 1.58% CENCOSUD 2,110 ▼ 2.31% CMPC 1,040 ▼ 0.95% BANCO CHILE 165.21 ▼ 0.18% LATAM AIR 22.12 ▼ 0.63% YPF 81,075 ▼ 3.31% GGAL 7,215 ▼ 1.70% PAMPA 4,940 ▼ 3.80% TXAR 686.50 ▼ 1.86% ALUAR 976.00 ▼ 3.27% TGS 8,935 ▼ 3.35% CEPU 2,226 ▼ 2.24% MIRGOR 16,425 ▼ 3.38% COME 44.51 ▼ 5.92% LOMA NEGRA 3,360 ▼ 2.82% BYMA 288.00 ▼ 1.87% TELECOM ARG 3,983 ▼ 0.81% ECOPETROL 15.15 ▼ 3.13% BANCOLOMBIA 70.88 ▼ 2.00% GRUPO AVAL 4.80 ▼ 2.04% CREDICORP 322.50 ▼ 1.23% SOUTHERN COPPER 172.97 ▼ 10.88% BUENAVENTURA 30.26 ▼ 11.70% MERCADOLIBRE 1,608 ▼ 1.65% NUBANK 11.97 ▼ 1.24% XP 15.34 ▼ 1.92% PAGSEGURO 8.53 ▼ 3.18% STONE 10.40 ▼ 3.35% GLOBANT 38.30 ▼ 3.23% TECNOGLASS 42.35 ▼ 0.91% GAP AIRPORT 228.80 ▼ 4.52% ASUR 282.14 ▼ 3.64% OMA AIRPORT 97.01 ▼ 2.76% AMX ADR 24.84 ▼ 1.97% FEMSA ADR 122.88 ▲ 0.29% CEMEX ADR 12.48 ▼ 3.55% PETROBRAS ADR 17.75 ▼ 1.72% VALE ADR 15.23 ▼ 3.42% ITAU ADR 7.54 ▼ 1.31% SANTANDER BR 5.24 ▼ 2.15% AMBEV ADR 3.12 ▲ 0.32% CSN 1.18 ▼ 9.23% GERDAU 4.59 ▼ 2.55% LATAM ADR 48.32 ▼ 2.80% BTC 63,412 ▲ 4.18% ETH 1,696 ▲ 8.12% SOL 66.48 ▲ 6.90% XRP 1.16 ▲ 6.08% BNB 605.61 ▲ 5.41% ADA 0.17 ▲ 5.11% DOGE 0.09 ▲ 5.31% AVAX 6.80 ▲ 1.93% LINK 7.95 ▲ 7.39% DOT 0.98 ▲ 3.41% LTC 42.88 ▲ 3.73% BCH 229.87 ▲ 5.75% TRX 0.33 ▲ 0.75% XLM 0.21 ▼ 2.89% HBAR 0.08 ▲ 2.84% NEAR 2.08 ▲ 11.33% ATOM 1.72 ▲ 5.62% AAVE 63.86 ▲ 4.82% SELIC 14.50% EMBRAER 72.33 ▲ 3.82% EMBRAER ADR 56.68 ▲ 0.30% JBS 12.24 ▲ 0.25% JBS BDR 62.50 ▲ 4.34% MBRF3 15.76 ▼ 0.13% MBRFY 3.09 ▼ 2.22% INTER 5.67 ▼ 1.56% EGX 52,165 ▼ 0.76% USD/ZAR 16.53 ▼ 0.13% USD/NGN 1,359 — 0.00% NIKKEI 64,045 ▼ 3.82% CSI300 4,817 ▼ 1.79% HSI 24,962 ▼ 1.15% NIFTY 23,367 ▼ 0.21% KOSPI 7,477 ▼ 8.37% JCI 5,595 ▼ 4.20% USD/JPY 160.30 — 0.00% USD/CNY 6.7650 — 0.00% DAX 24,759 ▼ 0.75% CAC 8,218 ▼ 0.32% FTSE 10,368 ▲ 0.07% MIB 49,893 ▼ 0.56% IBEX 18,345 ▲ 0.38% STOXX 622.66 ▼ 0.29% EUR/USD 1.1526 ▼ 0.01% GBP/USD 1.3338 ▲ 0.01% SPX 7,384 ▼ 2.64% DJI 50,867 ▼ 1.35% NDX 28,958 ▼ 4.77% RUT 2,834 ▼ 3.47% TSX 34,413 ▼ 2.28% VIX 21.51 ▲ 39.68% USD/CAD 1.3944 ▲ 0.05% US10Y 4.5360 ▲ 1.32% IBOV 169,019 ▼ 0.77% IPSA 10,273 ▼ 0.30% IPC MEX 66,141 ▼ 1.86% MERVAL 3,084,617 ▼ 2.83% COLCAP 2,192.97 ▼ 1.58% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.15 ▼ 0.33% USD/MXN 17.45 ▼ 0.17% USD/CLP 912.70 ▲ 1.95% USD/COP 3,593 ▼ 0.03% USD/PEN 3.47 ▼ 0.05% USD/ARS 1,441 ▼ 0.02% USD/UYU 40.26 — 0.00% USD/PYG 6,083 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.09 ▼ 0.21% USD/CRC 458.41 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.64 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 566.26 ▼ 0.13% USD/PAB 1.00 ▲ 2.28% USD/BZD 2.00 ▲ 1.70% USD/JMD 156.99 ▲ 0.28% USD/TTD 6.66 ▲ 0.35% EUR/BRL 5.93 ▲ 1.02% BRENT 95.24 ▲ 2.31% WTI 92.49 ▲ 2.15% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.21% GOLD 4,374 ▲ 0.85% SILVER 68.46 ▼ 0.71% SOY 1,121 ▼ 0.04% CORN 416.00 ▼ 0.36% WHEAT 579.00 ▼ 0.17% COFFEE 246.65 ▼ 0.20% SUGAR 14.12 ▼ 1.05% ORANGE JUICE 159.20 ▼ 5.46% COTTON 77.28 ▲ 3.19% COCOA 3,823 ▼ 3.58% BEEF 241.65 ▼ 3.02% CATTLE 353.90 ▲ 0.15% LITHIUM 78.30 ▼ 5.98% PETR4 40.89 ▼ 0.87% VALE3 78.70 ▼ 3.78% ITUB4 38.83 ▲ 0.28% BBDC4 17.47 ▲ 0.58% ABEV3 16.17 ▲ 0.62% BBAS3 19.17 ▼ 1.84% B3SA3 15.41 ▼ 0.71% WEGE3 42.46 ▲ 1.63% PRIO3 61.12 ▼ 2.35% SUZB3 41.74 ▲ 1.26% RENT3 40.58 ▲ 0.35% AZZA3 17.13 ▼ 1.44% CSAN3 3.59 ▲ 0.28% RAIZ4 0.40 ▲ 2.56% PCAR3 1.68 ▲ 9.09% GMAT3 4.08 ▼ 2.86% PSSA3 47.81 ▼ 0.73% CVCB3 1.45 ▼ 2.03% POSI3 3.66 ▼ 2.40% SLCE3 14.81 ▼ 1.13% NATU3 9.72 ▼ 0.82% BRKM5 8.78 ▼ 6.89% RANI3 7.85 ▼ 0.63% CSNA3 6.00 ▼ 10.18% CMIN3 4.37 ▼ 2.89% USIM5 11.31 ▼ 1.31% GGBR4 23.48 ▼ 2.69% ENEV3 23.89 ▼ 1.40% NEOE3 33.80 — 0.00% CPFE3 42.69 ▼ 1.41% CMIG4 10.88 ▲ 0.18% EQTL3 38.91 ▼ 2.26% LREN3 14.89 ▲ 1.71% VIVT3 32.95 ▼ 2.37% RAIL3 13.94 ▲ 0.36% KLABIN 17.05 ▲ 1.73% RAIA DROGASIL 17.46 ▼ 0.29% RDOR3 32.76 ▼ 1.06% HAPV3 10.94 ▼ 2.50% FLRY3 14.75 ▲ 0.34% SMTO3 16.88 ▼ 2.43% UGPA3 24.96 ▲ 0.16% VBBR3 28.89 ▼ 2.00% BBSE3 35.39 ▲ 1.00% BPAC11 50.65 ▼ 0.12% CURY3 28.70 ▼ 2.55% AERI3 2.34 ▲ 1.30% VIVARA 20.42 ▼ 0.39% COMPASS 25.50 ▼ 1.12% VAMOS 2.95 ▲ 0.34% SANB11 26.73 ▲ 0.04% ASAI3 8.62 ▼ 1.93% SBSP3 27.34 ▲ 0.40% WALMEX 51.11 ▼ 0.74% GMEXICO 202.25 ▼ 4.26% FEMSA 214.10 ▲ 1.26% CEMEX 21.71 ▼ 3.25% GFNORTE 177.08 ▼ 1.34% BIMBO 55.78 ▼ 2.31% TELEVISA 9.21 ▼ 1.29% AMX 21.68 ▼ 0.82% GAP 398.75 ▼ 3.47% ASUR 282.14 ▼ 3.64% OMA 211.83 ▼ 1.64% KOF 185.04 ▲ 0.27% GRUMA 288.01 ▼ 0.97% KIMBER 36.92 ▼ 1.91% SQM-B 69,340 ▼ 0.45% COPEC 6,105 ▼ 0.16% BSANTANDER 68.70 ▲ 0.87% FALABELLA 5,511 ▼ 1.13% ENELAM 75.35 ▼ 1.58% CENCOSUD 2,110 ▼ 2.31% CMPC 1,040 ▼ 0.95% BANCO CHILE 165.21 ▼ 0.18% LATAM AIR 22.12 ▼ 0.63% YPF 81,075 ▼ 3.31% GGAL 7,215 ▼ 1.70% PAMPA 4,940 ▼ 3.80% TXAR 686.50 ▼ 1.86% ALUAR 976.00 ▼ 3.27% TGS 8,935 ▼ 3.35% CEPU 2,226 ▼ 2.24% MIRGOR 16,425 ▼ 3.38% COME 44.51 ▼ 5.92% LOMA NEGRA 3,360 ▼ 2.82% BYMA 288.00 ▼ 1.87% TELECOM ARG 3,983 ▼ 0.81% ECOPETROL 15.15 ▼ 3.13% BANCOLOMBIA 70.88 ▼ 2.00% GRUPO AVAL 4.80 ▼ 2.04% CREDICORP 322.50 ▼ 1.23% SOUTHERN COPPER 172.97 ▼ 10.88% BUENAVENTURA 30.26 ▼ 11.70% MERCADOLIBRE 1,608 ▼ 1.65% NUBANK 11.97 ▼ 1.24% XP 15.34 ▼ 1.92% PAGSEGURO 8.53 ▼ 3.18% STONE 10.40 ▼ 3.35% GLOBANT 38.30 ▼ 3.23% TECNOGLASS 42.35 ▼ 0.91% GAP AIRPORT 228.80 ▼ 4.52% ASUR 282.14 ▼ 3.64% OMA AIRPORT 97.01 ▼ 2.76% AMX ADR 24.84 ▼ 1.97% FEMSA ADR 122.88 ▲ 0.29% CEMEX ADR 12.48 ▼ 3.55% PETROBRAS ADR 17.75 ▼ 1.72% VALE ADR 15.23 ▼ 3.42% ITAU ADR 7.54 ▼ 1.31% SANTANDER BR 5.24 ▼ 2.15% AMBEV ADR 3.12 ▲ 0.32% CSN 1.18 ▼ 9.23% GERDAU 4.59 ▼ 2.55% LATAM ADR 48.32 ▼ 2.80% BTC 63,412 ▲ 4.18% ETH 1,696 ▲ 8.12% SOL 66.48 ▲ 6.90% XRP 1.16 ▲ 6.08% BNB 605.61 ▲ 5.41% ADA 0.17 ▲ 5.11% DOGE 0.09 ▲ 5.31% AVAX 6.80 ▲ 1.93% LINK 7.95 ▲ 7.39% DOT 0.98 ▲ 3.41% LTC 42.88 ▲ 3.73% BCH 229.87 ▲ 5.75% TRX 0.33 ▲ 0.75% XLM 0.21 ▼ 2.89% HBAR 0.08 ▲ 2.84% NEAR 2.08 ▲ 11.33% ATOM 1.72 ▲ 5.62% AAVE 63.86 ▲ 4.82% SELIC 14.50% EMBRAER 72.33 ▲ 3.82% EMBRAER ADR 56.68 ▲ 0.30% JBS 12.24 ▲ 0.25% JBS BDR 62.50 ▲ 4.34% MBRF3 15.76 ▼ 0.13% MBRFY 3.09 ▼ 2.22% INTER 5.67 ▼ 1.56% EGX 52,165 ▼ 0.76% USD/ZAR 16.53 ▼ 0.13% USD/NGN 1,359 — 0.00% NIKKEI 64,045 ▼ 3.82% CSI300 4,817 ▼ 1.79% HSI 24,962 ▼ 1.15% NIFTY 23,367 ▼ 0.21% KOSPI 7,477 ▼ 8.37% JCI 5,595 ▼ 4.20% USD/JPY 160.30 — 0.00% USD/CNY 6.7650 — 0.00% DAX 24,759 ▼ 0.75% CAC 8,218 ▼ 0.32% FTSE 10,368 ▲ 0.07% MIB 49,893 ▼ 0.56% IBEX 18,345 ▲ 0.38% STOXX 622.66 ▼ 0.29% EUR/USD 1.1526 ▼ 0.01% GBP/USD 1.3338 ▲ 0.01% SPX 7,384 ▼ 2.64% DJI 50,867 ▼ 1.35% NDX 28,958 ▼ 4.77% RUT 2,834 ▼ 3.47% TSX 34,413 ▼ 2.28% VIX 21.51 ▲ 39.68% USD/CAD 1.3944 ▲ 0.05% US10Y 4.5360 ▲ 1.32%
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49 Years of Independence: Cabo Verde’s Journey and Challenges

By · July 5, 2024 · 2 min read

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On July 5, Cape Verde commemorates 49 years of independence from colonial rule. The movement, led by Amílcar Cabral, sought a self-sustaining nation.

However, many Cape Verdeans today feel the country still relies heavily on external support and struggles with internal development.

Retired Colonel Júlio Monteiro, who raised the flag on Independence Day in 1975, reflects on the nation’s progress.

He believes Amílcar Cabral’s ideals remain unfulfilled, highlighting issues like youth emigration, tourism policies favoring foreigners, and reliance on imports.

Cape Verde faces severe droughts, forced emigration, food insecurity, poor inter-island connectivity, and low wages.

49 Years of Independence: Cabo Verde's Journey and Challenges
49 Years of Independence: Cabo Verde’s Journey and Challenges. (Photo Internet reproduction)
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Paulo Varela, spokesperson for the African Party for the Independence of Cape Verde (PAICV), stresses the need for self-sufficiency.

The major challenge remains producing enough food to feed the population and reducing dependence on imports, which currently account for 80 to 90% of consumed goods.

Varela warns that past famines in 1920 and 1947 could recur if global conflicts arise.

He calls for developing a national fishing fleet and improving agriculture to bolster food production. These steps are essential for the “second phase of independence.”

Health, education, agriculture, infrastructure, and youth employment need significant improvement.

Challenges and Aspirations in Cape Verde

Environmental activist and educator Nelson Santos acknowledges the progress made but stresses the need for continued efforts. These years mark significant economic and social achievements.

However, ongoing challenges like democratic tolerance, inter-island transport, environmental protection, justice, and sustainable agriculture still require attention.

President José Maria Neves defends Cape Verde‘s progress but calls for enhanced political engagement and democratic consolidation.

Elevating political debate with strong arguments and discussing issues affecting the people, such as transport, poverty, inequality, and unemployment, is crucial.

Achieving consensus and understanding in critical moments is necessary for the proper functioning of institutions.

As Cape Verde marks 49 years of independence, its citizens challenge leaders to focus on the common good.

They aspire to the vision of a prosperous, self-reliant nation, as dreamed by Amílcar Cabral.

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