Cape Verde - Industry



After 1993, the industrial sector in Cape Verde was born, with garment and shoe production factories. Industry accounted for about 20% of GDP in 2000. Besides the salt refining, Cape Verdean manufactures include frozen and canned fish, tobacco, bread and biscuits, and soft drinks. Rum is produced from locally grown sugarcane. The government announced in 2002 that it was launching an initiative to increase investment in infrastructure, which will aid the construction industry. The African Development Bank granted Cape Verde a $3.3 million loan to finance its economic reform programs that year, including privatizing industries. Also in 2002, the government announced that an Italian company was going to undertake oil exploration on the island of São Antão.

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great gafaru o
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Jun 4, 2010 @ 5:17 pm
i want to travel to cape verde, for bussines purpose.

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