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Cabo Verde

Cabo Verde government guarantees it has “smart solution” to capitalise Sovereign Fund

29 January 2019
Cabo Verde's (Cape Verde's) government has a "smart solution" to capitalise the 90 million-euro Sovereign Fund to support private investment in Cabo Verde, the deputy prime minister and finance minister said on Monday in Praia.

Cabo Verde sees improvements in the trade deficit in 2018

29 January 2019
Cabo Verde's trade deficit improved by 4.3% in 2018 from 72.99 billion escudos in 2017 to 69.19 billion escudos last year, the archipelago's National Statistical Institute said in Praia.

Cabo Verde introduces new law to produce statistical data

25 January 2019
Cabo Verde's (Cape Verde's) statistical system will be "more transparent" with the introduction of a new law approved on Thursday by the specialised commission on Constitutional Affairs, Human Rights, Security and State Reform, said the deputy prime minister and finance minister .

Cabo Verde Sovereign Fund will not require public funding

24 January 2019
Cabo Verde's (Cape Verde's) deputy prime minister and finance minister gave assurances on Wednesday that setting up of the country's Sovereign Fund will not require public funds, according to the local press.

Trade between China and Portuguese-speaking countries exceeds US$134 billion from January to November 2018

23 January 2019
The value of trade between China and the eight Portuguese-speaking countries totalled US$134.981 billion in the January-November 2018 period, a year-on-year increase of 25.27%, according to official Chinese figures released by Forum Macau.

Cabo Verde Government creates sovereign fund with starting capital of 90 million euros

22 January 2019
The Cape Verdean government has set up a Sovereign Fund with an initial allocation of 90 million euros to support national companies, announced the Cabo Verde (Cape Verde) deputy prime minister and finance minister.

Cabo Verde considers opening embassy in Guinea-Bissau

18 January 2019
The Cape Verdean government intends to open an embassy in Guinea-Bissau, which is expected to happen in 2020, said Cabo Verde's (Cape Verde's) new ambassador to Guinea-Bissau, Inacio Felino de Carvalho.

Boluda Lines offers weekly Spain/Portugal/Cabo Verde

11 January 2019
Boluda Lines, the shipping company of the Boluda Corporación Marítima group from Canarias, on 1 February will increase the frequency of shipping connections between Portugal, Spain and Cabo Verde (Cape Verde), the group said in a statement.

Europe and Latin America linked by new submarine cable that passes by Cabo Verde

10 January 2019
EllaLink Ireland and Alcatel Submarine Networks have begun construction of the EllaLink submarine cable system, which will link Europe to Latin America, according to a joint statement released in Dublin and Paris.

World Bank forecasts economic growth of 2.9% in 2019 for Angola

10 January 2019
Angola is expected to post economic growth of 2.9% in 2019, up 0.7 percentage points from the June 2018 forecast, the World Bank said on Wednesday.

Cabo Verde’s economy grows 5.0% in the third quarter of 2018

3 January 2019
Cabo Verde's (Cape Verde's) economy grew by 5.0% year-on-year in the third quarter of 2018, 90 basis points lower than in the second quarter, according to Quarterly National Accounts released by the National Statistical Institute.

Government of Cabo Verde rebuys securities held by Banco Comercial do Atlântico

3 January 2019
The government of Cabo Verde (Cape Verde) will rebuy the financial compensation securities (TCMF) held by Banco Comercial do Atlântico (BCA) in the amount of approximately 6.4 billion escudos (US$66.2 million) under an agreement signed between the bank and the Ministry of Finance, according to an official statement.

European citizens exempt from visas for visits to Cabo Verde of up to 30 days

2 January 2019
The short-stay visa (30 days) to enter Cabo Verde (Cape Verde) will no longer be used, as of Wednesday, by citizens of 32 European countries.

Portuguese group CGD sells stake in Cape Verdean bank

28 December 2018
Portuguese banking group Caixa Geral de Depósitos (CGD) plans to sell its stake in Cape Verdean bank Banco Comercial do Atlântico (BCA) and remain in Banco Interatlântico (BI), the chief executive said in Praia.

Municipality of Porto Novo, Cabo Verde, intends to be included in a Chinese-Cape Verdean project

27 December 2018
The municipality of Porto Novo, in Cabo Verde (Cape Verde) , through tourism and agriculture, could be included in the project of the Special Economic Zone of Maritime Economy (ZEEEM) of São Vicente, the area's Mayor said on Wednesday.

Geocapital sells stake in Caixa Económica de Cabo Verde

27 December 2018
GeoCapital, Gestão de Participações, has decided to sell the 27.44% stake it held in Caixa Económica de Cabo Verde (CECV), the financial institution's chief executive said.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018
The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.

New Executive Secretary of the CPLP takes office on Saturday

14 December 2018
The new executive secretary of the Community of Portuguese Speaking Countries (CPLP), Portugal's Francisco Ribeiro Telles, is due to take office on Saturday in Lisbon, according to an official announcement.

Cabo Verde expected to get around 30% of electricity from renewable sources by 2025

7 December 2018
Thirty percent of electricity production in Cabo Verde (Cape Verde) is expected to be provided by renewable sources by 2025, according to the Energy Sector Master Plan for 2018-2025, approved on Thursday by the Council of Ministers.

Government of Cabo Verde prepares to set up competition regulator

6 December 2018
Cabo Verde (Cape Verde) is set to have a competition regulator, with its creation scheduled for 2019, the deputy prime minister and finance minister announced on Wednesday in Praia.
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