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Tag: Cape Verde economy

Cape Verde Remittances Surge 12% in Q1 2024 to Record Highs

Cape Verde remittances rose 12% in Q1 2024 to 75.4 million euros, fueled by record contributions from the diaspora in

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Coris Group Boosts Stake in Cape Verde’s BCA Bank to 62%

Coris Holding increases its stake in Cape Verde's BCA Bank to 62.25% following a takeover bid, signaling expansion in the

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Cape Verde Exports Plunge 37% as Fish Sales Slump

Cape Verde's exports fell 37.4% in Q1 2026 due to a slump in fish and canned goods sales, though tourism

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Cape Verde Government Pledges Aid After Praia Market Fire

Cape Verde government announces emergency aid and financial support for 52 traders following the devastating Ponta Belém market fire in

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Praia Pledges €109K to Rebuild Fire-Damaged Market

Praia, Cape Verde commits €109,000 for Ponta Belém market reconstruction and trader compensation following the devastating fire that destroyed 52

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Cape Verde Finance Minister Touts Stability Amid Transition

Outgoing Cape Verde Finance Minister Olavo Correia highlights economic growth and stability as he prepares to transition power to the

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Cape Verde Water Crisis: Praia Parched by Technical Failures

Residents in Praia, Cape Verde, face a severe water crisis due to technical failures at the Palmarejo desalination plant. Taps

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Cape Verde Foreign Reserves Cover Nine Months of Imports

Cape Verde's foreign reserves now cover nine months of imports as of 2026, driven by a tourism boom and port

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AfDB Forecasts Cape Verde Economic Growth at 4.7% by 2026

The AfDB predicts Cape Verde’s economic growth will moderate to 4.7% by 2026, driven by tourism and infrastructure despite global

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Cape Verde Consumer Confidence Rises Despite Savings Crisis

Cape Verde consumer confidence rises in Q1 2026 despite 98.9% of households reporting inability to save amidst inflation and rising

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