Doing Business in Cape Verde (Course, Master)

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Syllabus of the Online Subject: Foreign Trade and 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 Online Subject “Foreign Trade and Business in Cape Verde” are the following:

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

Example of the Online Subject - Doing Business in Cape Verde:

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Description of the Online Subject: 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. Capital of Cape Verde: 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)

More information about Cape Verde (African Portal - EENI Business School & HA University).

Main religions in Cape Verde:

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

Cape Verde belongs to 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. The 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. Industry sector: 8% of the Cape Verdean GDP
6. 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: 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 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

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