Economy in Cape Verde
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BOTSWANA, 2016/05/12
Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
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CAPE VERDE, 2016/05/04
Cabo Verde (Cape Verde), which is seen by analysts and the international community as a “safe haven” part Portuguese-speaking nations due to economic and political stability, is presently at the beginning of a new term of office for the government, keen to improve the business climate.
The revival of private investment – both domestic and foreign – was set by the new Prime Minister of Cabo Verde, Ulisses Correia e Silva, as the primary objective of the action of his government, according to the Africa Intelligence Monitor newsletter.
To facilitate its implementation, said the same publication, policy, fiscal and other measures are due to be improved any minute at this time to improve the country’s business climate. The slowdown of the economy, and particularly its negative effects on investment and job creation negatively affected the previous government during the elections.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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CAPE VERDE, 2014/05/31
The current programme of privatisations of public companies and services in Cabo Verde (Cape Verde) will be concluded by the end of the current term of Prime Minister José Maria Neves, said Cabo Verde’s Minister for Finance and Planning, Cristina Duarte.
At a parliamentary debate on the second wave of privatisation, requested by government party PAICV, on Tuesday, the minister announced that Cabo Verde’s airline TACV and water and power company Electra would be the major companies that the government would privatise by the end of its current term in 2016.
The inventory as well includes port operations carried out by Enapor, airport operations by ASA, shipyard company Cabnave and the Stock Exchange.
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BOTSWANA, 2013/06/17
Urgent interventions are needed to overcome the short and long term constraints militating against the evolution that could have been recorded in the 'Aid for Trade (AfT)' in African initiative despite the fact that it is starting to show results.
This is according to a statement from the Addis Ababa-based United Nations Economic Commission for Africa (UNECA)
The statement observed that in spite of the identified constraints AfT was starting to show results. 'Since the AfT Initiative was launched in the Hong Kong Ministerial Conference in 2005, Africa has received technical and financial assistance for trade-related activities. In addition, AfT funding has been kept and priority areas and categories identified by beneficiaries are being targeted.
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CAPE VERDE, 2013/05/25
Economic activities in Cape Verde are expected to continue contracting in 2013, a year in which average annual inflation is expected to total between 2.5 % and 3.5 %, the Bank of Cape Verde said Wednesday in Praia.
The projection takes into consideration contraction of business for Cape Verde’s major economic partners and is made on the basis that the archipelago’s current guidelines for macroeconomic policies will remain in place.
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CAPE VERDE, 2013/05/19
China plans to donate US$50 million to Cape Verde to acquire to patrol ships for the Coat Guard and for construction of a uniform production unit for the Armed Forces, pan-African news agency Panapress reported.
The additional protocol signed Tuesday in the Cape Verdean capital, as part of the 2009 cooperation agreement, which was strengthened in 2012, as well includes assembly of four modern gyms in different military regions of the country, in order to develop the military sport programme on the archipelago.
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CAPE VERDE, 2013/04/30
Cape Verde Prime Minister Jose Maria Neves hailed the great economic and social strides his country has made in recent years during a visit Saturday to the Whaling City. While challenges still remain for the African country of about 500,000 people, the prime minister said that amount the children in Cape Verde presently attend school and are immunized and amount babies are born in hospitals, he said.
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BOTSWANA, 2013/04/27
Economic increase in Sub-Saharan Africa is likely to reach additional than 5 % on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world -- according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
