Cape Verde
Country Information
Cape Verde is an island nation located in the central Atlantic Ocean, approximately 570 kilometres off the west coast of Africa. The country consists of ten volcanic islands, nine of which are inhabited, with its capital city in Praia on Santiago Island. Known for its political stability, strategic location, and growing tourism sector, Cape Verde has established itself as one of Africa’s most stable democracies.
Political System
Cape Verde is a unitary semi-presidential republic. The President serves as head of state, while the Prime Minister is the head of government. Legislative authority is vested in the National Assembly, and the country has maintained a strong record of democratic governance, peaceful elections, and respect for the rule of law since the introduction of multi-party democracy in 1991.
Economic Indicators
GDP (2023 est.):
USD 2.7 billion
Population
Approximately 600,000
Currency
Cape Verdean Escudo (CVE)
Main Industries
Tourism, transport and logistics, fisheries, renewable energy, financial services, and agriculture.
Investment Climate
Cape Verde offers an attractive investment environment supported by political stability, sound governance, and a strategic position connecting Africa, Europe, and the Americas. Key investment opportunities exist in tourism, renewable energy, the blue economy, digital services, transport infrastructure, and financial services. The government continues to implement reforms aimed at encouraging foreign direct investment, improving the ease of doing business, and promoting sustainable economic growth.
