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Economy of Cape Verde and business opportunities

Economy of Cabo Verde

Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average development, being only the second country to have achieved such transition, after Botswana in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which has led it to link its currency (the Cape Verdean escudo) first to the Portuguese escudo and, in 1999, to the euro.

Resources

About 75% of food is imported. Cape Verde annually runs a high trade deficit, financed by foreign aid and remittances from emigrants; remittances constitute a supplement to GDP of more than 20%.

Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities as well as fish processing plants in Mindelo, Praia, and on Sal. However, the fishing potential, mostly lobster and tuna, is not fully exploited.

The Cape Verdean government established the top priorities for development as the promotion of a market economy and of the private sector; the development of tourism, light manufacturing industries, and fisheries; and the development of transport, communications, and energy facilities.

Mineral industry

Mining is an insignificant contributor to the country's economy. Most of the country's mineral requirements are imported. As of 2007, production of mineral commodities was limited to clay on the islands of Boa Vista, Sal, and São Vicente; gypsum and iron oreon the island of Maio; limestone on the islands of Boa Vista, Sal, and Santo Antão; pozzolana on the island of Santo Antão; and salton the islands of Maio and Sal.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Cape Verde"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Cape Verde from all over the world..

This section contains economy and business opportunities and from Cape Verde.
Cape Verde Economy Cape Verdean Economy, business opportunities in Cape Verde.
Summary:
Provision of Recruitment of a Specialist in Financial and Administrative Management
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
24 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Procrument of Consular Accessibility - Lifting Platform & Automatic Door.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Senior Consultant Clac + Develop Child Protection And Climate-Resilient A. Plan
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Senior Consultant Clac + Develop Child Protection And Climate-Resilient A. Plan Open New Window
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Hiring Consulting Services to develop and implement the Communication and Disclosure Strategy for the Register of Securities Guarantees – RGM
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
09 Apr 2024
 
 
 
Summary:
Hiring Consulting Services to develop a Communication Strategy for the Consular Portal
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
19 Apr 2024
Posting Date:
09 Apr 2024
 
 
 
Summary:
Recruitment of a consultant for the provision of accounting and financial audit and procurement services
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
09 Apr 2024
 
 
 
Summary:
Supply of Vegetables, Fruits, Fish and Chicken.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
19 Apr 2024
Posting Date:
04 Apr 2024
 
 
 
Summary:
Supply of protection relay and technical assistance on installation and Training services.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
27 Apr 2024
Posting Date:
02 Apr 2024
 
 
 
Summary:
CONSERVATION AND REHABILITATION CONTRACT FOR THE CHURCH OF SÃO ROQUE IN RABIL – BOA VISTA ISLAND, CAPE VERDE
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
30 Mar 2024
 
 
 

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