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Tag: Cape Verde economy

Cape Verde Minimum Wage to Hit 30,000 Escudos by 2031

Cape Verde plans to raise the national minimum wage to 30,000 escudos by 2031, alongside major transport subsidies and public

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Cape Verde’s Economy: Bad Loans Plummet in 2025

Cape Verde’s financial sector shows resilience in 2025 as non-performing loans drop by 32% and solvency ratios rise, according to

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Cape Verde Fiscal Watchdog Warns Over Rising Public Spending

Cape Verde's Public Finance Council warns the new PAICV government about surging public spending and a $5.3 million budget gap

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Bank of Cape Verde Holds Interest Rates Steady Amid Tensions

The Bank of Cape Verde keeps interest rates steady at 2.5% amid global inflation and Middle East tensions, citing domestic

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Cabo Verde Airlines Adds Brazil Route Amid Restructuring

Cabo Verde Airlines (TACV) launches a new Sal-Recife route to Brazil while facing a critical financial restructuring and state-mandated fiscal

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Cape Verde Tourism Booms: 9% Growth in Q2 2026 Guest Numbers

Cape Verde sees a 9% surge in tourists for Q2 2026, with Sal and Boa Vista remaining top destinations for

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Cape Verde Fuel Crisis: Fishermen and Drivers at the Brink

Rising fuel prices in Cape Verde are crippling the fishing and transport sectors, leaving workers struggling to survive as operational

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Cape Verde: New Business Hub for Brazil and Portugal

Brazil and Portugal leverage Cape Verde as a strategic business hub for West Africa, focusing on technology, renewable energy, and

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UN Urges Cape Verde to Shift to Investment-Led Growth

The UN urges Cape Verde to strengthen domestic capacity and shift to investment-led growth, focusing on the Blue Economy and

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Cape Verde Allocates €4.8M to Shield Households from Energy Costs

The Cape Verdean government allocates €4.8 million to shield households from rising electricity costs via social tariff discounts and utility

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