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Cape Verde

Cape Verde                             
The Cape Verde archipelago is located in the Atlantic Ocean, approximately 570 kilometres (350 mi) off the coast of West Africa, near Senegal, The Gambia and Mauritania, and is part of the Macaronesia ecoregion. It lies between latitudes 14° and 18°N, and longitudes 22° and 26°W.
The country is a horseshoe-shaped cluster of ten islands (nine inhabited) and eight islets, that constitute an area of 4033 km².

Demographics
The official Census recorded that Cape Verde had a population of 491,875 in 2010.
The majority of the population is creole (mixed black and white descent). A genetic study revealed that the ancestry of the population in Cape Verde is predominantly European in the male line and West African in the female line; counted together the percentage is 57% African and 43% European.

 

                 
Economy
The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP.  Although nearly 38% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Fish and shellfish are plentiful, and small quantities are exported. Cape Verde has cold storage and freezing facilities and fish processing plants in Mindelo, Praia, and on Sal. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances.

Graphical depiction of Cape Verde's product exports in 28 color-coded categories.
Since 1991, the government has pursued market-oriented economic policies, including an open welcome to foreign investors and a far-reaching privatization program. It established as top development priorities the promotion of a market economy and of the private sector; the development of tourism, light manufacturing industries, and fisheries; and the development of transport, communications, and energy facilities. From 1994 to 2000 about $407 million in foreign investments were made or planned, of which 58% were in tourism, 17% in industry, 4% in infrastructure, and 21% in fisheries and services.

In 2011, on four islands a windfarm was built, that in total supplies about 25% of the electricity of the country. With this amount it is one of the top countries for renewable energy.
Cape Verde has significant cooperation with Portugal at every level of the economy, which has led it to link its currency first to the Portuguese escudo and, in 1999, to the euro. On June 23, 2008 Cape Verde became the 153rd member of the WTO.
The minimum wage has been set at 11,000.00 Cape Verdean Escudos (CVE) monthly (equivalent to 128USD) for the first time in Cape Verdean history, as of July 2013.

Source: http://www.ask.com/wiki/Cape_Verde

Cape Verde Embassy in Beijing
Name : EMBASSY OF THE REPUBLIC OF CAPE VERDE
Ambassador :H.E. Mr. Julio Cesar Freire De Morais
Address :No. 6-2-121, Ta Yuan Diplomatic Compound,Beijing , China , 10060
Tel : (0086) 10 - 65327547
Fax: (0086) 10- 65327546
Office hours: 9:00 a.m. to 5:00 p.m Monday through Friday.
E-mail: ecvb@163bj.com
Website: http://www.embcvchina.com

 




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