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Tag: Cape Verde economy

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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Financial Education in Cape Verde: Empowering the Archipelago

Explore the rise of financial literacy in Cape Verde. Learn how BCV and digital banking are empowering citizens through education,

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Cape Verde to Establish National Order of Economists

Cape Verde moves to establish the Order of Economists and Managers (OEGCV) to regulate professional ethics and strengthen national economic

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Cape Verde Hikes Fuel Prices Amid Government Price Cap

Cape Verde increases fuel prices by 5% as the government intervenes to cap rising costs and mitigate the impact of

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Cape Verde Trade Balance Improves: Export Growth & Lower Costs

Cape Verde’s trade balance improves in 2025 as export values surge by 7.2% and import costs drop, though a substantial

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IFC and Pró Empresa to Boost Cape Verde SME Sector

IFC and Pró Empresa partner to support Cape Verde SMEs with specialized training in financial management and digital tools to

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Cape Verde Card Transactions Surge 20% Amid Tourism Boom

Cape Verde sees a 20% surge in card transactions fueled by a tourism boom, prompting IMF and BCV to upgrade

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Cape Verde PM Urges Reforms as IMF Raises Growth Forecast

Cape Verde's Deputy PM Olavo Correia calls for disruptive reforms as the IMF raises the country's 2024 growth forecast to

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IMF Raises Cape Verde GDP Forecast to 6% Amid Tourism Boom

The IMF raises Cape Verde's 2024 growth forecast to 6%, fueled by a booming tourism sector and high service exports.

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