Priority sector for the government, with the largest impact on the country's economy, representing around 21% of GDP. The country receives more than half a million tourists each year, a figure that is soon expected to grow to one million. The level of the offer underlines the presence of international benchmark brands in the sector: RIU, TUI, Hilton, Sol Melia, Thomsonfly, among others.
Main Business Opportunities
At the moment the rate of penetration of renewable energies already represents about 20%, one of the highest, of Sub-Saharan Africa. The Government aims to achieve a high level of penetration of renewable energies over the next few years, reducing the dependence on fossil fuels and their effects on the country's balance of payments. All these factors mean it is considered a priority sector for investment. Cape Verde has one of the strongest wind regimes in the world (18m/s) and has great potential for solar energy, with an energy/day ratio of 6-8 Wh/m²/day.
Main Business Opportunities
The geostrategic location in the Atlantic, in the center of the trade route between 3 continents, has always been a competitive advantage for the country, making it naturally attractive as a logistical hub, as well as for port activity and ship repair. There is also a growing fisheries industry (fish processing), making up the majority of the country's exports. The fish stock potential deemed to be sustainable is between 36,000 and 44,000 tonnes per year.
Main Business Opportunities
Since the government has established conditions on the mobilization and collection of water, as well as the management of river basins, there are huge business opportunities in the agriculture sector.
Main Business Opportunities:
The government is adopting a new industrial development strategy for employment growth and plans to give impetus to national industry, taking advantage of the benefits of the AGOA program and ECOWAS.
Main Business Opportunities
The Government of Cabo Verde is available to negotiate public-private partnerships in the areas of airport management, ports, maritime transport and public infrastructure.
For more information about these opportunities for trade and investment, among others, contact us.
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