Portuguese Cape Verde cocoa plantations of Portuguese São Tomé and Príncipe. In the lead-up to and during the Portuguese Colonial War, those planning and fighting in the armed conflict in Portuguese Guinea often linked the goal of liberation of Guinea-Bissau to the goal of liberation in Cape Verde. For instance, in 1956, Amílcar and Luís Cabral founded the African Party for the Independence of Guinea and Cape Verde (PAIGC). However, there was no armed conflict in Cape Verde, and ultimately independence for Cape Verde resulted from negotiation with Portugal after the April 1974 Carnation Revolution. In August 1974, an agreement was signed in
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