Economy of Cape Verde Economy of Cape Verde Cape Verde is a small archipelagic nation that lacks resources and has experienced severe droughts. Agriculture is made difficult by lack of rain and is restricted to only four islands for most of the year. Most of the nation's GDP comes from the service industry. Cape Verde's economy has been steadily growing since the late 1990s, and it is now officially considered a country of average development, being only the second African country to have achieved such transition, after Botswana in 1994. Cape Verde has significant cooperation with Portugal at every level of the economy, which
Angola–Cape Verde relations Angola–Cape Verde relations Angola–Cape Verde relations refers to the historical and current bilateral relationship between the Republic of Angola and the Republic of Cape Verde. Relations are based on their shared experiences as Portuguese colonies, both before, after and during the struggle for independence. Domingos Pereira Magalhães is the ambassador of Cape Verde to Angola. Cape Verde signed a friendship accord with Angola in December 1975, shortly after Angola gained its independence. Cape Verde and Guinea-Bissau served as stop-over points for Cuban troops on their way to Angola to fight UNITA rebels and South African troops. Prime Minister Pedro Pires