Cape Verde is a net importer of energy, with no significant fossil energy resources. As of 2016, 176,743 tonnes of fuel (about 3,550 barrels per day) were sold on the internal market.
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AI Customer ServiceThe manufacturing industry in the country is comprised mainly of small scale industries which include sewing, ceramics, textiles, pharmaceuticals, and beverages. Fish
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AI Customer ServiceCape Verde (/ ˈ v ɜːr d (i)/ ⓘ, VURD(-ee)) or Cabo Verde (/ ˌ k ɑː b oʊ ˈ v ɜːr d eɪ / ⓘ KAH-boh VUR-day, / ˌ k æ b oʊ-/ KAB-oh -, local Portuguese: [ˈkabu ˈveɾdɨ]), officially the Republic of
AI Customer ServiceElectricity in Cape Verde is primarily produced by thermal power stations running on heavy fuel or diesel (97%). There is also a small percentage (3%) of wind energy production. ELECTRA, the national electricity company, operates all over the country, managing 18 diesel power stations of different capacities (with a total capacity of).
The sector is expected to witness an annual growth rate of about 5.4 % by 2028. The manufacturing industry in the country is comprised mainly of small scale industries which include sewing, ceramics, textiles, pharmaceuticals, and beverages. Fish canning coupled with the processing of frozen lobsters is also carried out in Cabo Verde.
Companies such as Cimpor Cabo Verde S.A produce concrete and aggregate and distribute imported cement. A construction boom fueled by the tourism sector and public works led to a 60% increase in the sale of concrete and aggregate in 2014 compared to the previous year.
Fish canning coupled with the processing of frozen lobsters is also carried out in Cabo Verde. The agricultural sector in the country is limited by the recurrent and severe droughts that occur on the islands. Some of the crops cultivated for domestic consumption include castor beans, maize, potatoes, sugar cane, and peanuts.
Cabo Verde has limited natural resources. The nation’s mineral requirements are met through imports. However, there is domestic production of gypsum, clay, pozzolana, and limestone. Salt is also mined on the islands of Sal, Maio, and Boa Vista. The commercial extraction of salt at Salina's de Pedra de Lume located on Sal ceased in 1985.
Escudo is the nation's currency and is issued by the Banco de Cabo Verde (central bank). There are several foreign banks in the nation as well as a stock exchange. The government privatized several insurance and banking institutions in the late 1990s. Most of the roads in the country are paved, and all the inhabited islands have airports.
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