African Party for the Independence of Cape Verde a guerrilla warfare campaign in cooperation with its fraternal party umbrella group, the CONCP, during the Portuguese Colonial War. By 1973 the PAIGC controlled Guinea-Bissau, while Portugal's own Carnation Revolution in 1974 effectively dissolved the empire, relinquishing Cape Verde within the next year. After the wars of national liberation, the PAIGC established a socialist state within both territories under Amilcar Cabral's brother, Luís Cabral. Following a military coup in Guinea-Bissau that ousted Cabral in November 1980, the Cape Verde portion of the party became the PAICV in January 1981; it was headed by the President of Cape Verde, Aristides Pereira.
Bank of Cape Verde Bank of Cape Verde The Bank of Cape Verde () is Cape Verde's central bank. Its headquarter is located on Avenida Amílcar Cabral, in the national capital of Praia on the island of Santiago. Its current governor is João António Pinto Coelho Serra, who is in office since December 2014. The government established the Bank of Cape Verde in 1975, as a bank that combined commercial banking and central banking functions. The government created the bank by nationalizing the operations of the Portuguese colonial and overseas bank, Banco Nacional Ultramarino, which had established its first branch in Cape Verde in