Africa Monitor

Africa Monitor Intelligence

Cape Verde: Budgetary Stimulus for Renewable Energy and Telecommunications

The revised State Budget for 2020, approved in AUG in a context of economic and financial crisis caused by the fall in tourist revenues following the Covid-19 pandemic, foresees an increase of CVE 3.6 billion (c. USD 40 million) in funds for the sectors of Health and Social Security, Family and Social Inclusion, as well as Finance, Tourism and Transport, Education, Industry, Commerce and Energy. READ MORE