Africa > West Africa > Cape Verde

Cape Verde

Capital: Praia; GDP grouth (annual %) 2016 : 3.9%
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Key Facts
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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  • Cabo Verde (Cape Verde) wants to diversify its economic relations

    2015/08/14

    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.

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

    2015/10/01

    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.

  • Outlook for 2016-17

    2013/10/09

    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.

    Country Overview

    Located off the west coast of Africa, Cabo Verde is an archipelago of ten islands of which nine are inhabited. The country has around 500,000 inhabitants. Only 10% of its territory is classified as arable land and the country possesses limited mineral resources. Despite the arid climate and mountainous terrain, Cabo Verde has been developing rapidly, in a large part thanks to its flourishing tourism industry. In addition to boosting tourism, the government is making efforts to turn the islands into a trade and transport hub.