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Economic Trends and Challenges in Cape Verde in Early 2024
In the early months of 2024, witnessed a downturn in its Economic Climate Indicator, signaling a shift in business sentiment.
The National Institute of Statistics...
EasyJet Expands to West Africa with Low-Cost Flights to Cape Verde
EasyJet will introduce its first low-cost flights from Portugal to Cape Verde, marking a notable expansion into West Africa starting October 29th.
The inaugural flight...
Beyond the Average: Cape Verde’s Growth in the Sub-Saharan Context
In 2023, Cape Verde's economy expanded by 5.1%. Despite impressive growth below the 5.7% target, Cape Verde saw a remarkable 17.4% surge in 2022...
Cape Verde’s Financial Future Brightens with Q1 Stock Surge
Cape Verde's Stock Exchange (CVSE) saw a 12.7% jump in market cap in the first quarter of 2023.
Most of this growth, about 83%, came...
Cape Verde Leverages German Expertise for Growth
The Cape Verdean President stressed the importance of German President Frank-Walter Steinmeier's upcoming visit.
For over a decade, both nations have focused on maritime cooperation....
Cape Verde Industry Index Up 3.4% in Q2 2023
Cape Verde's Industrial Production Index rose 3.4% year-over-year in Q2 2023. This is a 1.7% increase from the previous quarter.
Cape Verde is the second...
Cape Verde PM Predicts 5.7% Growth
Cape Verde's Prime Minister, Ulisses Correia e Silva, expects a 5.7% economic rise in 2023. He announced this at a U.S. business forum.
For 2024,...
Vinci airports begin a US$80M upgrade in Cape Verde
Vinci airports begin US$80M upgrade in Cape Verde. CEO Nicolas Notebaert has promised to boost Cape Verde's economy and airports.
He met with President José...
Ribeira Grande is the fourth municipality to issue bonds on the Cape Verde Stock Exchange
Ribeira Grande de Santo Antão has become the fourth municipality to issue bonds on the Cape Verde Stock Exchange (BVC), raising US$1.32 million for...
Cape Verde stock exchange’s high capitalization criteria: a challenge for the local economy
Cape Verde, an archipelago located off the northwest coast of Africa, has been steadily growing as an economic hub in the region.
Its history of...
Tourism in Cape Verde surges almost 500% in 2022
Tourism in Cape Verde showed a significant recovery in 2022, with a 481.5% increase, reaching a total of 785,272 visitors, according to the central...
Lula stops in Cape Verde and reaffirms his intention to improve African relations
Brazilian President Luiz Inácio Lula da Silva expressed his intent to bolster Brazil's relationship with African nations during a brief meeting with Cape Verde...
Cape Verde government aims to eliminate economic disparities between islands
The Cape Verdean government acknowledges significant economic disparities among its islands and is taking corrective measures.
Although social policies have made progress, the Minister of...
Cape Verde’s trade deficit shrinks by 11.6% in May
Cape Verde's trade balance deficit showed a decline of 11.6% year-on-year in May, reaching 67.5 million euros, as reported by the National Statistics Institute...