Africa > West Africa > Cape Verde

Cape Verde

Capital: Praia; GDP grouth (annual %) 2014 : 0.5%
Key Facts

Ambassador : H.E Julio Morais

Full name: The Republic of Cape Verde
Population: 501,000 (UN, 2011)
Area: 4,033 sq km (1,557 sq miles)
Major languages: Portuguese, Crioulo (a mixture of archaic Portuguese and African words)
Major religions: Christianity
Life expectancy: 71 years (men), 78 years (women) (UN)
Monetary unit: 1 Cape Verdean escudo = 100 centavos
Main exports: Shoes, clothes, fish, bananas, hides, pozzolana (volcanic rock, used to make cement)
GNI per capita: US $3,270 (World Bank, 2010)
Internet domain: .cv
International dialling code: +238


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  • Bilateral relations between the People's Republic of China and the Republic of Cape Verde


    In 2013, bilateral relations between the People's Republic of China and the Republic of Cape Verde continued to develop steadily with exchanges and cooperation in all fields further strengthened.

    The two nations had close political interactions. In March, President Jorge Carlos de Almeida Fonseca sent a letter of congratulations to Xi Jinping on his election as the Chinese president. In April, President Fonseca sent a letter of condolences to President Xi Jinping over the earthquake in Lushan, Sichuan Province.

  • why Africans are increasingly investing in Africa


    Investment into Africa has usually been the preserve of developed world firms seeking additional yield for their portfolios. However, in the completed few years additional and additional money has been poured into African projects by local investors as African wealth increases.

    ‘Rising Africa’ is a term much bandied around in the investment world in 2015, often used by investors in developed economies fleeing from depressed yields in their own backyards and alighting on a continent that has an all additional promising increase story.

  • Cabo Verde (Cape Verde) wants to diversify its economic relations


    Cabo Verde (Cape Verde) wants to diversify its economic relations, with particular focus on the “South-South” axis and on Angola and China, to reduce dependence on European nations, according to the Economist Intelligence Unit (EIU).

    Because of its dependence on Portugal and Italy, nations that have experienced crises in recent years affecting the tourism sector, the Cape Verdean economy lost its momentum and the government believes it can return to it by strengthening “South-South” links.

    In June, Cabo Verde and Angola signed a memorandum of considerate in Luanda to expand cooperation and bilateral investment , following a wave of Angolan investment in the archipelago, in which Isabel dos Santos, the major Angolan businesswoman, had a starring role.

  • The World Bank fails to credit the intelligence of the world’s poor

    At the same time as a statement by the world’s most influential development agency provides evidence that a lot of of its staff are “biased” in their perceptions of the poor and their needs, one may expect eyebrows to be raised. At the same time as the president of that institution — the World Bank, no less — acknowledges the flaw and goes on to call for “measures to mitigate these biases, such as additional rigorously diagnosing the mindsets of the people we are trying to help”, jaws should be dropping.
  • China’s business in Portuguese-speaking countries continues to increase


    The re-opening of the Benguela railway in 2014 will remain as China’s flagship project in Angola, but as well as a symbol of a year in which the relationship between China and Portuguese-speaking nations continued to increase.

    Chinese ties with Angola, Mozambique and Cabo Verde (Cape Verde) involve Macau and Portugal, which in 2014 saw Chinese investment in the country rise to 10 billion euros, with several new deals expected in 2015, this time in the financial sector.

  • A "once in a generation opportunity"


    A "once in a generation opportunity" – that's how Christine Lagarde, managing director of the International Monetary Fund (IMF), described the luck to assemble the resources to finance the economic and social development of the world's poor. Following a speech in Washington DC prior to the Financing for Development conference in Addis Ababa, Ethiopia from 13-16 July, Lagarde sat down to discuss development challenges.

  • Outlook for 2014-15


    The country (Cape Verde) is situated in Western Africa, group of islands in the North Atlantic Ocean and on the west of Senegal.
    Land in Cape Verde is steep, rugged, rocky, volcanic.

    The climate is temperate with warm and dry summer; precipitation meager and very erratic.
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    Cape Verde to remain part the majority stable nations in Africa in 2012-13. Next internationally acclaimed presidential and parliamentary elections in 2011-which have led to a system of cohabitation with a parliamentary majority for the Partido Africano da Independência de Cabo Verde (PAICV) but the presidency held by Jorge Carlos Fonseca from the Movimento para a Democracia (MPD)-the country is presently moving towards municipal elections in May and June.