Africa Monitor Intelligence

Cape Verde: Covid-19 Pressures Treasury of Public Companies

Pressured by the abrupt drop in revenue caused by the stoppage of the Tourism sector, the “engine” of the Cape Verdean economy, due to the measures to contain the Covid-19 pandemic (AM Special Report 55), the management of the Civil Aviation Agency (AAC) and Aeroportos e Segurança Aérea (ASA), proposed to its workers, integrated into the civil service, wage reductions of 20% or the suspension of the employment contract (or “lay-off”). READ MORE