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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"

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This section contains economy and business opportunities and from Cape Verde.
Cape Verde Economy Cape Verdean Economy, business opportunities in Cape Verde.
Summary:
Requalification of the Tarrafal de SN Seafront
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
12 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Redevelopment of the Historic Center of Ribeira Brava
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
18 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Plant, Design, Supply, and Installation for Energy Storage System in islands of: FOGO, SANTO ANTAO, SAO NICOLAU, MAIO and Brava
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
20 Jun 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Provision of explore restaurant space in the passenger station at the Port of Sal Rei
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision of Physical Surveillance Services in Cape Verde Ports.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Supply of Foodstuffs.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
ACQUISITION OF CONSULTING SERVICES FOR DEVELOPMENT OF THE NATIONAL DIRECTORATE OF STATE REVENUE (DNRE) MOBILE APP
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
19 Mar 2024
 
 
 
Summary:
ACQUISITION OF MULTIDISCIPLINARY CONSULTING SERVICES TO THE TOPIC COMPANY LOCATION
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
03 Apr 2024
Posting Date:
19 Mar 2024
 
 
 
Summary:
Technical Cooperation Platform For An Inclusive Green Growth Tei
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
29 Mar 2024
Posting Date:
15 Mar 2024
 
 
 
Summary:
RECRUITMENT OF A SPECIALIST IN AGRONOMY AND/OR FRUIT GROWING OR GARDENING.
Country:
Cape Verde
 
Notice Type:
Tender Notice
Deadline:
28 Mar 2024
Posting Date:
15 Mar 2024