Category Archives: Cape Verde News

Cape Verde News

Hotel Development Industry in Africa


Introduction           The development of a country partly depends on the expansion of their hotel and tourism industry. Africa is facing a tough time economically and they are trying their best to fight back this economic crisis. They focus on the hotel management sector and try to develop this industry. A hotel is not only […]

Cabo Verde’s macroeconomic situation has improved significantly in recent years, and the outlook is positive despite downside risks

Topographic map of Cape Verde. Author Oona Räisänen (Mysid). Wikipedia.

On July 15, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Cabo Verde. Cabo Verde’s macroeconomic situation has improved significantly in recent years, and the outlook is positive despite downside risks. Economic growth has been robust and is projected at 5 percent for 2019, while inflation is expected […]

Cape Verde aims for the magic Million

Tarrafal beach in Santiago island in Cape Verde - Cabo Verde

Demand to outstrip supply – major investment opportunities Cape Verde could be on the brink of a hotel development wave if the government fulfils its promises to improve infrastructure and transport links. It aims to attract more than a million tourists a year by 2020, far more than the current hotel supply can cope with, […]

Hilton Marks Opening of Hilton Cabo Verde Sal Resort

Hilton Cabo Verde Sal Resort offers stunning ocean views, a stylish beach club and ample meeting space on the idyllic Sal Island Hilton (NYSE: HLT) ( marked the official opening of its spectacular new resort on the Island of Sal in Cabo Verde, announcing the company’s debut in the country and further growing the brand’s portfolio […]

International Monetary Fund Staff Completes 2018 Article IV Discussions with Cabo Verde

Output growth is expected to accelerate to 4.3 percent in 2018. The IMF staff team recommends deepening the impressive fiscal consolidation efforts of recent years and completing the restructuring of state-owned enterprises. Financial stability indicators have improved, but the high level of non-performing loans and low profitability need to be addressed. An International Monetary Fund (IMF) […]

Nigeria, Senegal and Cape Verde dominate the West African hotel pipeline with 77% of the total planned hotel rooms

West Africa has been at the heart of the continent’s growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region’s economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like […]

Hotel development in Africa keeps on growing – despite challenges

Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 percent increase in 2017, according to the annual survey by W Hospitality Group, generally acknowledged as the most authoritative source on the sector’s growth. The ninth edition of its Hotel Chain Development Pipelines in Africa has […]

Analyses and recommendations for the structural transformation of West African countries

Among the 21 reports presented, four are from West Africa: Cabo Verde, the Gambia, Ghana and Nigeria The Economic Commission for Africa proceeded with the launching of the second generation of ECA Country Profiles on March 25 in Dakar. The objective of this initiative is to provide analyses and specific recommendations for Member States in […]

IMF Executive Board Concludes 2016 Article IV Consultation with Cabo Verde

On November 18, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the 2016 Article IV consultation[1] with Cabo Verde. In 2015, economic growth stagnated at 1.5 percent, slightly below the 1.9 percent registered in 2014. Tourism recovered and remittances remained robust, but FDI and public investment slowed. The unemployment rate declined to 12.4 percent, […]


Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar

The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries representatives of the private sector, […]

The African power landscape – A continent on the tipping point?

The African power mix, the rise of renewables, infrastructure investment and the role of temporary power. Would this year’s Africa Energy Forum have the same stories of promised projects? The “Africa is open for business” message? The same sense of pent-up desire for electrification mirrored only by frustration and a lack of movement? Thirty six […]

Africa Finance Corporation (AFC) accredited as a partnering Institution to the Green Climate Fund

Africa Finance Corporation (AFC) ( has been accredited as a partnering Institution to the Green Climate Fund (GCF), making it the fund’s first African development finance institution. AFC was invited by the GCF to consider becoming an accredited institution, and following submission of its application in early 2015, AFC has this month attained full accreditation. […]

World crop prospects positive in 2015; but food insecurity hotspots pose concern

Global Food Price Index falls in June, cereal production is forecast to be strong despite El Niño fears ROME, Italy, July 9, 2015/African Press Organization (APO)/ — Favorable worldwide conditions for cereal crops will lead to better-than-expected production this growing season at the global level, despite continuing apprehension over El Niño. But concerns are growing […]

It’s Not Just about the Money: To Change the World We Must Change Ourselves

The Mediterranean sea has become a graveyard for Africa’s youth. Every day, we see images of what would appear to be a continent racked by conflict and poverty, and people risking – often losing – their lives in an attempt to flee . Yet Africa has 11 of the 20 fastest growing economies in the […]

Huge opportunities for agricultural growth in West Africa

West Africa has unprecedented opportunities for agricultural growth, but making the most of them will require more effective regional integration, says a new report by the African Development Bank (AfDB), the Food and Agriculture Organization of the United Nations (FAO) and the Economic Community of West African States (ECOWAS). To be competitive with large global […]

African Development Bank Presidential Election: Statement by Cristina Duarte, Minister of Finance and Planning, Republic of Cabo Verde

“Our agenda must be to end the business of managing poverty and to refocus our efforts on creating and better managing our wealth in Africa” – Cristina Duarte ABIDJAN, Côte d’Ivoire, May 29, 2015/African Press Organization (APO)/ — Statement by Cristina Duarte, Minister of Finance and Planning, Republic of Cabo Verde ( Dr. Akinwumi Adesina, […]

Conception of informational technology usage in public administration

The core of informational technology usage conception in public administration is all about Joint Information Center and public communication supervision and an interaction logging that is held by information management system. The system includes automated online rating of particular public servants and managers and whole state agency. All citizens’ unfilled requests escalate to the superior […]

Into Africa – the continent’s cities of opportunity

The African continent is crossed by five trends: demographic change, urbanisation, technological changes, the transfer of economic power and climate change GENEVA, Switzerland, March 17, 2015/African Press Organization (APO)/ – Today at the African CEO Forum of 2015 in Geneva, PwC ( launches the first edition of its ‘Into Africa – the continent’s cities of […]

Statement at the Conclusion of an IMF Mission to Cabo Verde

An International Monetary Fund (IMF) mission, led by Mr. Ulrich Jacoby, visited Cabo Verde from February 19-March 4, 2015, to conduct discussions on the 2015 Article IV Consultation. The mission met with the Minister of Finance and Planning Cristina Duarte, Central Bank Governor Joao Serra, other government officials, parliamentarians, representatives of civil society, development partners, […]

Information technology as the way to improve effectiveness of public administration

One of the key factors in developing socially oriented state might be usage of information technology. Is it really possible to change people life for a better one by using these means? The answer can be found in this article. To take into account all problems and concerns of each citizen, to improve quality of […]

FAO provides urgent assistance to drought-stricken Cape Verde

Sharp decline in 2014 cereal production due to irregular rains   ROME, Italy, February 18, 2015/African Press Organization (APO)/ — FAO will provide food crop seeds, animal feed and drip irrigation equipment to help thousands of people in Cape Verde whose food security and livelihoods are at risk following a sharp fall in crop production […]