Cabo Verde

The US State Department's 2026 Investment Climate Statement, published in this window, describes equal treatment of foreign investors, Cabo Verde TradeInvest's one-stop-shop service, and incentives for renewable energy, tourism and ICT. It also warns that weak screening in the past left some projects stalled and that support after an investment is made is limited. Entrants should plan their own due diligence and project execution rather than lean on the agency.

U.S. Department of State · 2026-09-30

Prime Minister Francisco Carvalho restated targets of 70% renewable power by 2031 and 100% by 2040. That keeps renewable generation and grid work among the clearest openings for foreign investors. No major new foreign investment deals or approvals were found in the window.

Brava News · 2026-10-06

The 2027 budget proposal would remove the Special Consumption Tax (ICE) on imported vehicles up to four years old, alongside other new tax measures. If parliament approves it, vehicle imports get cheaper. That matters for car dealers, rental firms and tourism transport operators.

Expresso das Ilhas (Rádio Morabeza) · 2026-09-28

The budget also funds fixed-price inter-island fares of CVE 500 by sea and CVE 5,000 by air, with the state carrying the cost. Lower domestic travel costs could widen the market across the islands for consumer and tourism businesses. They also deepen the state's role in transport.

Expresso das Ilhas (Rádio Morabeza) · 2026-09-28

At its 17 September meeting the Banco de Cabo Verde held its policy rate at 2.5%, its standing lending and deposit facilities at 2.75% and 2.25%, and its reserve requirement at 12%. It cited rising global inflation tied to Middle East tensions and energy prices, but said indicators point to growth in the second quarter, driven by domestic demand. Borrowing costs for entrants are unchanged.

Diário Económico (Lusa) / Expresso das Ilhas · 2026-09-17

On 1 October the government sent its draft 2027 State Budget to the National Assembly: CVE 101.7bn in spending, CVE 98bn in revenue, and 78% of revenue raised at home. The budget assumes 5.6% GDP growth, 2% average inflation, a deficit of 1% of GDP and public debt of 90.9% of GDP. It signals cautious fiscal policy with little room for new spending, under a debt load that stays high.

Governo de Cabo Verde / Mindel Insite · 2026-10-01

The draft budget sets aside CVE 1.2bn to soften fuel price increases and says the amount can be raised if world prices keep climbing. Energy and transport costs are the main inflation risk for firms operating on the islands.

Mindel Insite · 2026-10-02

President José Maria Neves stepped aside on 14 September to campaign, and National Assembly speaker Janira Hopffer Almada became acting president. The Constitutional Court has admitted six candidates for the 15 November vote. No travel warning or security concern is linked to the election, and the transfer of duties followed the constitution.

The Rio Times (citing Constitutional Court, Presidency, Expresso das Ilhas) · 2026-09-27

Electricity prices are going up. The government says households on the social tariff will be fully protected and other users will get partial relief, and it has said it will review its price stabilisation mechanisms. Businesses, especially hotels and other energy-heavy operators, should expect higher power costs.

Brava News · 2026-10-06

The government says it will not raise the minimum wage in 2027, although it still aims for CVE 30,000 by the end of its term. Labour costs for 2027 should be fairly predictable, but expect pressure for wage increases later in the term.

Expresso das Ilhas (Rádio Morabeza) · 2026-09-28