Number of companies in Cabo Verde rises in 2012 but turnover falls

1 April 2014

Cabo Verde (Cape Verde) had a total of 9,177 companies operating in 2012, which was a rise of 220 companies or 2.5 percent more than in 2011, the West African archipelago’s national statistics institute (INE) said.

According to the 4th Business Census, for 2012, companies in operation at the end of 2012 posted turnover of 250.8 billion escudos, a drop of 7.6 billion escudos compared to 2011, and the number of jobs fell by almost 2,000 to 51,400 people employed.

“The number of active companies rose by an annual average of 4.7 percent from 2007 to 2012, and there were significant rises on the islands of Boa Vista, which almost doubled its number of units from 237 to 409 and on Santo Antao, which rose from 602 to 862 companies,” said an INE source.

On Brava island the situation was the opposite, with the number of companies in operation falling from 146 in 2011 to 130 in 2012.

The study was carried out in September 2013 and involved collecting, processing and publishing data about all the companies and visible fixed establishments, whether registered or not, operating in Cabo Verde. (macauhub)