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Tag: Cape Verde economy

Cape Verde Import Prices Rise in March: Ending Decline Trend

Cape Verde import prices rose 0.3% in March due to fuel and machinery costs, ending a months-long decline despite a

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UCID Leader Aims to Shatter Cape Verde’s Absolute Majorities

UCID leader João Santos Luís aims to end absolute majorities in Cape Verde's parliament, proposing economic reforms and decentralization for

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Cape Verde Fuel Prices Rise 4.4% in May Amid Subsidies

Cape Verde fuel prices rise 4.4% in May. Government subsidies prevent a 42% spike amid Middle East conflict impact. See

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Cape Verde Elections: MpD Unveils ‘Growth into Income’ Plan

Prime Minister Ulisses Correia e Silva launches the MpD manifesto for Cape Verde's elections, focusing on minimum wage hikes and

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Cape Verde Unemployment Hits 4.9% as Job Market Expands

Cape Verde’s unemployment rate dropped to 4.9% in late 2025. Explore the latest labor market data, youth employment challenges, and

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Fitch Upgrades Cape Verde Outlook: Tourism and Debt Improve

Fitch upgrades Cape Verde’s economic outlook to positive. Discover how surging tourism and falling debt are boosting the archipelago's financial

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Cape Verde Banking Hits Record 24.8% Solvency Ratio

Cape Verde’s banking sector achieves record stability in 2025 with a 24.8% solvency ratio and low non-performing loans, despite warnings

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Cape Verde Accelerates Green Energy for Sovereignty

Cape Verde's Deputy PM Olavo Correia outlines plans to accelerate renewable energy transition to 80% by 2040 to ensure energy

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Cape Verde Resumes Brazil Flights to Diversify Tourism

Cape Verde resumes direct flights to Brazil in May to diversify its tourism sector and reduce reliance on Europe. Competitive

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The Impact of Remittances on Cape Verde’s Economy

Explore how remittances from the diaspora serve as a financial lifeline for Cape Verde, contributing to 15% of GDP and

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