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Cabo Verde

Cabo Verde Sovereign Fund should be operational in 2020

24 January 2020
The process of setting up the Cabo Verde sovereign fund with a capital of €90 million, is underway, and the fund should become operational this year, the deputy prime minister and minister of Finance of Cabo Verde, Olavo Correia said.

The minimum wage in Cabo Verde increases to US$150 in 2021

23 January 2020
The minimum wage in Cabo Verde will increase to 15,000 escudos (US$150) per month in 2021, after increasing from 11,000 to 13,000 escudos, the country's prime minister said on Wednesday in Praia in a speech to parliament.

Forum Macau analyses report on its 15 years of activity

22 January 2020
Forum Macau has analysed the report prepared by the Chinese Academy of Social Sciences on the activities of the institution in its 15 years of existence, according to information from the Support Office of the Permanent Secretariat of Forum Macau.

Cabo Verde’s ports to be handed over to private managers

21 January 2020
The ports of Cabo Verde and its port services will be privatised, and the process is due to be launched by the end of the first half of the year or the beginning of the next half, according to broadcaster RFI citing statements from the minister of Maritime Economy.

Cabo Verde shipyards take on a loan to prepare for privatisation

21 January 2020
The board of directors of Cape Verdean shipyard company Estaleiros Navais de Cabo Verde (Cabnave) is finalising negotiations with a commercial bank to borrow 20 million escudos (US$200,000), under a guarantee provided by the State to make investments, said the Minister of the Maritime Economy.

CPLP announces new funding to support Mozambique

17 January 2020
The Community of Portuguese Speaking Countries (CPLP) will help the reconstruction of areas of Mozambique affected by cyclones in 2019 with funding of €888,600, with funding totalling €1.26 million, said the organisation in a statement.

Cabo Verde statistical data available in the IMF’s dissemination programme

16 January 2020
Cape Verde has joined the Enhanced General Data Dissemination System, which harmonises macro-economic data and allows for the development of the statistical system of countries that join up, the International Monetary Fund (IMF) announced in a statement released on Wednesday in Washington.

Cabo Verde hosts second Investment Forum in July

13 January 2020
The Cabo Verde Investment Forum (CVIF) 2020 will be held from 1 to 3 July on Sal Island, the Deputy Prime Minister and Minister of Finance announced in a public presentation ceremony of this year's edition of the meeting, the presentation of the results of CVIF2019 and the Investment Platform.

World Bank expects Angola’s economy to grow by 1.5% in 2020

10 January 2020
The World Bank predicts that the Gross Domestic Product of Angola will grow at a rate of 1.5% this year, which is a decline of 1.4 percentage points in relation to the forecast announced in June 2019, according to the Global Economic Outlook report published in Washington.

Cabo Verde’s statistical system to undergo first external evaluation

10 January 2020
The statistical system in Cabo Verde will be evaluated by its African peers at the end of January, the chairman of the board of directors of the National Statistical Institute (INE), Osvaldo Borges announced on Thursday in Praia.

Diplomat from São Tomé and Príncipe chosen as director-general of the CPLP

10 January 2020
São Tomé diplomat Armindo Brito Fernandes, 58 years old and a law graduate, will be the new director-general of the Community of Portuguese Speaking Countries (CPLP), taking on the position next February for a term of three years, announced the embassy of São Tomé and Príncipe in Portugal.

Cabo Verde Government approves “Green Card” for foreigners who buy real estate property

9 January 2020
The Government of Cabo Verde has approved the creation of a different status for anyone who owns a second home in Cabo Verde, by issuing a "Green Card" to foreigners, which offers a permanent residence permit for an indefinite period of time, under a decree published in the country's Official Bulletin.

Angola wants to facilitate movement within the Community of Portuguese Speaking Countries

8 January 2020
The government of Angola expects that the progress made in the technical discussions can make the issue of movement within the Community of Portuguese Speaking Countries (CPLP) less complex, the Angolan Minister for Foreign Affairs said on Monday in Lisbon.

Cabo Verde launches public tender for the construction of two solar power plants

7 January 2020
The Cabo Verde government has launched an international public tender for submission of expressions of interest to install two solar power plants of five megawatts each on the islands of Sal and São Vicente, according to an announcement from the National Directorate for Industry, Trade and Energy.

Unemployment rate in Cabo Verde falls in first half of 2019

31 December 2019
(CN) 据佛得角国家统计局（INE）周一发布的数字，该国失业率从2018年的12.2％下降至2019年上半年的10.7％，降幅为1.4个百分点；就业不足率则上升7个百分点至21.7％。

Cabo Verde receives 553,000 tourists in first nine months of the year

27 December 2019
The number of tourists that stayed in Cabo Verde's hotel establishments in the period from January to September 2019 rose by 7.5% to 553,600, said the archipelago's National Statistics Institute

Cabo Verde Government wants to transform the country into a Digital Centre

27 December 2019
The Digital Agenda of Cabo Verde, focused on a "new national vision" for broadband, the digital dividend and on analogue complements to transform the country into a Digital Centre, will be implemented in 2020, according to an official statement released on Thursday in Praia.

Establishment of Forum Macau has allowed for exponential growth of trade between the member countries

26 December 2019
The value of trade between China and the Portuguese-speaking countries has increased 12-fold since the creation of the Forum for Economic and trade cooperation between China and the Portuguese-speaking Countries (Macau), in 2003, said the secretary-general of the Permanent Office, Xu Yingzhen, in statements to the Tribuna de Macau newspaper.

Trade between China and Portuguese-speaking countries exceeds US$108 billion in the first nine months

20 December 2019
The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.

Cabo Verde’s economy expected to grow by 5.2% in 2019 – IMF

17 December 2019
Cabo Verde's economy is expected to grow at a rate of 5.2% in 2019, after posting growth of 5.7% in the first half of the year, according to a report drawn up by the evaluation mission of the International Monetary Fund (IMF) published on Monday in Washington.
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