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Cape Verde

Cape Verde is an island nation located in the central Atlantic Ocean, about 570 km off the west coast of Africa. The capital is Praia, situated on the island of Santiago. The country comprises ten volcanic islands with a combined population of about 560 000 people. Cape Verde's economy is service-oriented, with tourism, commerce and transport accounting for the majority of economic activity, alongside remittances from the large diaspora community. The country also benefits from fisheries and light manufacturing, particularly in textiles and footwear. The currency is the Cape Verdean escudo, which is pegged to the euro. Cape Verde operates as a stable parliamentary republic and is considered one of the most democratic nations in Africa. The country is a member of the Economic Community of West African States, the African Union and the Community of Portuguese Language Countries. Cape Verde gained independence from Portugal in 1975 after five centuries of colonial rule, and has since maintained close ties with both Portugal and the broader Lusophone world.

Cape Verde Updates


Vestas announces appointment of Johan Helberg as Managing Director for Southern & Eastern Africa
Vestas announces appointment of Johan Helberg as Managing Director for Southern & Eastern Africa
2nd April 2026

Vestas, the global leader in sustainable energy solutions, announces the appointment of Johan Helberg as Managing Director for Vestas Southern & Eastern Africa, effective February 2026. Johan... 


S&P estimates that its group of rated African economies will borrow $155bn this year
18th March 2026 By: Schalk Burger

Credit markets analysis company S&P Global Ratings estimates that commercial long-term borrowing by the 27 African countries rated by ratings agency S&P will reach $155-billion this year, up from... 


Africa’s bumper election year
30th January 2026 By: Martin Zhuwakinyu

Africa has a crowded electoral calendar this year, with citizens in more than ten countries poised to cast their ballots. Elections have already taken place in Benin and Uganda, with the rest of... 


 The Heat Is Rising — and So Must Our Ambition
The Heat Is Rising — and So Must Our Ambition
19th November 2025

By: Walid Sheta - Zone President, Middle East & Africa at Schneider Electric This summer in Africa is projected to record-high extreme heat once again. In fact, it has been the continent’s hottest... 


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