Cabo Verde

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.

AfDB loans of €20 million to Cabo Verde to support private sector

17 December 2019

The African Development Bank (AfDB) has granted a loan of €20 million to Cabo Verde to finance the second phase of the programme for the competitiveness of the Private Sector and Local Economic Development (PSC-LED II), the AfDB said in a statement.

Cabo Verde will in time become a developed country, says minister for Maritime Economy

6 December 2019

The government of Cabo Verde has put in place a set of actions that aim to make the archipelago a developed country, and the next step is to achieve an average income of medium to medium-high, the country's Maritime Economy Minister, José Gonçalves said in Praia on Thursday.

Cape Verdean Government revises Tax Benefit Code

5 December 2019

The Cape Verdean government will revise the Tax Benefits Code and a bill is due to be considered in parliament this month, Deputy Prime Minister and Finance Minister Olavo Correia said on Wednesday in Praia.

Portuguese government sets price of shares to be sold in Cabo Verde bank

5 December 2019

The price of the shares and the selection of those interested in the sale of Caixa Geral de Depósitos' stakes in Cabo Verde's Banco Comercial do Atlântico will be set by the Portuguese Secretary of State for Finance, on behalf of the Minister of Finance, according to a statement released in Lisbon.

Cabo Verde diaspora expected to buy reserved portion of Cabo Verde Airlines

4 December 2019

The sale of a 7.465% stake in Cabo Verde Airlines' share capital to emigrated Cape Verdean citizens will be fully subscribed, predicted the president of the Cabo Verde Stock Exchange, Manuel Lima.

Cape Verde identifies seven projects to compete for the 1st National Blue Economy Investment Plan

4 December 2019

A group of seven projects have already been identified to take part in or compete for the First National Blue Economy Investment Plan (PNIEA I) in Cabo Verde, including projects for coastal renewal and aquaculture, announced the national coordinator of the Blue Economy Programme.

Cabo Verde/China cooperation extends Safe City project to São Vicente, Sal and Boa Vista islands

3 December 2019

The second phase of the “Safe City” project in Cabo Verde will include, in 2020, the islands of São Vicente, Sal and Boa Vista, in addition to reinforcing its presence in Praia, in a government effort to fight crime and promote public safety, the Minister of Internal Affairs said on Monday in the country's capital.

Cabo Verde receives more than 595,000 tourists from January to September 2019

3 December 2019

Cabo Verde's hotel establishments received more than 595,000 guests from January to September, resulting in over 3.7 million overnight stays, with year-on-year growth of 7.5% and 3.9%, respectively, the archipelago's National Statistics Institute (INE) said.

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