Doing Business in Cape Verde

Syllabus of the Subject: Doing Business in Cape Verde (Africa).

1. Introduction to the Republic of Cape Verde (West Africa)
2. Doing Business in Praia
3. Cape Verdean Economy
4. Foreign Trade of Cape Verde
5. Business and Investment Opportunities in Cape Verde
6. Tourism sector
7. Cape Verde Investments
8. Access to the Cape Verdean Market
9. Business Plan for Cape Verde

The aims of the subject “Foreign Trade and Doing Business in Cape Verde” are the following:

1. To analyse the Cape Verdean economy and foreign trade
2. To evaluate the business opportunities in Cape Verde
3. To explore Cape Verde's trade relations with the country of the student
4. To know Cape Verde's free trade agreements
5. To develop a business plan for the Cape Verdean Market

Sample of the subject - Doing Business in Cape Verde:

Hispano-African University of International Business

Description of the Subject (Online Learning): Foreign Trade and Business in Cape Verde.

Cape Verde: one of the World's fastest growing tourism sector

The Republic of Cape Verde:

1. Archipelago formed by ten Islands (Atlantic Ocean)
2. The capital of Cape Verde is Praia
3. Area: 4,033 square kilometres
4. Cape Verdean population: 491,000 inhabitants
5. Life expectancy: 70 years
6. Cape Verdean Official language: Portuguese
7. Local language: Creole
8. Politics: Democratic Semi-Presidential with multiparty system
9. Nearest countries (by sea): Senegal, the Gambia, Guinea Bissau, Mauritania, and Spain (Canaries)
10. Independence of Cape Verde: 1975 (Portugal)

Main religions in Cape Verde:

1. Christianity - Catholicism (90% of the Cape Verdean population).
2. African Traditional Religions

Cape Verde belongs to the West African Economic Area (African Civilisation).

Economy of Cape Verde (Africa):

1. Leading in civil liberties, political rights, and stability in Africa (Freedom House Report)
2. Uncorrupt bureaucracy
3. Service oriented economy
4. Main sectors of the Cape Verdean economy are services (70% of GDP, mainly tourism), agriculture (bananas, potatoes, sugar-cane, coffee, and peanuts), fish, and textiles
5. The Industry sector: 8% of the Cape Verdean GDP
6. The Informal sector: 70% of jobs/25% of GDP
7. Cape Verdean GDP growth: 3.1%
8. Inflation: 1.8%
9. Main trade partners of Cape Verde is the Euro-Zone countries (mainly Portugal)
10. Currency: Cape Verdean Escudo (peg to the euro)
11. Special regime for SME
12. Existence of Free-Zone Enterprises
13. Open to Foreign direct investment (FDI)
14. 90% of the food is imported

Cape Verde's Preferential trade agreements:

1. Economic Community of West African States (ECOWAS)
2. African Growth and Opportunity Act (AGOA)
3. European Union:
   1. Africa-European Union Strategic Partnership
   2. Generalised System of Preferences
   3. Special Partnership Agreement (SPA) with the EU

Cape Verde is a member of:

1. Economic Commission for Africa (ECA)
2. Forum on Sino-African Cooperation
3. African Development Bank
4. Africa-India Forum
5. Community of Portuguese Speaking Countries
6. Africa-Japan
7. Afro-Arab Cooperation
8. Arab Bank for Economic Development in Africa (BADEA)
9. New Partnership for Africa's Development (NEPAD)
10. African Union
11. Convention on Preventing and Combating Corruption
12. Africa-South America Summit (ASA)
13. Africa (Cape Verde)-Asia Strategic Partnership
14. World Bank (WB), International Monetary Fund (IMF), World Customs Organisation (WCO), World Trade Organisation, UN

(c) EENI- Business School & Hispano-African University of International Business