African Party for the Independence of Guinea and Cape Verde African Party for the Independence of Guinea and Cape Verde The African Party for the Independence of Guinea and Cape Verde (, PAIGC) is a political party in Guinea-Bissau. Originally formed to peacefully campaign for independence from Portugal, the party turned to armed conflict in the 1960s and was one of the belligerents in the Guinea-Bissau War of Independence. Towards the end of the war, the party established a Marxist–Leninist one-party state, which remained intact until multi-party democracy was introduced in the early 1990s. Although the party won the first multi-party elections in 1994, it was removed from power 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