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Cabo Verde’s exports rise by 32.3% in Q2 2023, Spain main buyer

Cabo Verde experienced a 32.3% increase in exports in the second quarter of 2023, reaching a total of €15.2 million, a €3.7 (US$4.1) million...

Cabo Verdes GDP shrank 20.8% by 2020, recovery underway due to tourism revival

In 2020, Cabo Verde's GDP shrank by 20.8% compared to the previous year, according to the National Statistics Institute (INE). This contraction was primarily driven...

Cabo Verde sells 50% of gold reserves in 2022 and receives US$30.6 million in return

In 2022, the Bank of Cabo Verde (BCV) reported the sale of half its gold reserves, which amounted to EUR 27.4 (US$30.6) million . According...

The fee that replaces visas for tourists in Cabo Verde earned over €16 million in 2022

Cape Verde collected more than €16 million in 2022 with the Cape Verdean Airport Security Fee, introduced in 2019 to end mandatory tourist visas,...

Cabo Verde wants solar parks on four islands within two years

The Cape Verdean government has opened a tender to build and put into operation by June 2025 solar plants on four islands, totaling nearly...

Cabo Verde has a US$9.2 million deficit in public accounts in January

According to the summary report of the January budget execution, to which Lusa had access today, this performance continued to be conditioned by the...

Foreign investment in Cabo Verde rises 5.7% through June, boosted by Portugal

According to the latest monthly statistical report from the Bank of Cabo Verde (BCV), the archipelago attracted more than 4,904 million escudos (US$44.1 million)...

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,...

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...

Cape Verde set to sign protocol on cybercrime

Cape Verde is set to become the second African country to sign an additional protocol to the Budapest Convention on cybercrime, intending to bolster...

Blackouts in Cape Verde dropped 53% in 2022 to 51 hours without electricity

The time of electricity supply interruptions in Cape Verde fell 53% from 2021 to 2022, to 51.2 hours of blackout, with the island of...

Capeverdean Business Bank profits rise 17% in 2022 to €4.7 million

Banco Caboverdiano de Negócios (BCN) recorded profits of €4.7 million in 2022, an increase of almost 17% compared to the previous year, indicating the...

Cape Verde Airlines resumes flights to Guinea-Bissau in July

Aliu Soares Cassamá, the representative of Menzies Aviation Bissau, which manages the only international airport in Guinea-Bissau, announced the resumption of flights of the...

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