Cabo Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances as a share of GDP are one of the highest in Sub-Saharan Africa.Although about 40% of the population lives in rural areas, the share of food production in GDP...
During Chinese Foreign Minister Wang Yi’s visit to Cabo Verde in 2017, both countries expressed their strong will to deepen economic cooperation, starting with a Special Economic Zone on São Vicente Island. Cabo Verde is one of China’s important partners in Africa, and the relations between...