Cabo Verde Manufacturing and Mining Sectors

By | April 4, 2023

According to commit4fitness, Cabo Verde, formerly known as the Cape Verde Islands, is an archipelago located in the central Atlantic Ocean off the coast of West Africa. It is composed of ten volcanic islands and five islets with a total area of 4,033 square kilometers (1,557 square miles). Its capital city and largest population center is Praia located on the island of Santiago.

The terrain of Cabo Verde is mostly rugged with its highest peak being Pico do Fogo at 2,829 meters (9,281 feet). There are also numerous rivers that run through Cabo Verde including the Grande River which provides irrigation for agriculture as well as providing an important transportation route for goods into and out of Cabo Verde. The climate in Cabo Verde ranges from tropical climate in its northern regions to semi-arid climate in its southern regions with hot summers and mild winters with temperatures rarely dropping below freezing at night.

Cabo Verde enjoys a pleasant climate year round due to its latitude with temperatures rarely reaching extremes. Summers are hot while winters can be mild with occasional rain throughout most parts of the country.

Manufacturing Sector in Cabo Verde

Cabo Verde Manufacturing

The manufacturing sector in Cabo Verde plays an important role in the country’s economic development. Manufacturing activities include activities such as food processing, textiles, chemicals, electronics and metal-working. The majority of manufacturing activity happens on the main island of Santiago which is home to many of the major factories and industrial areas. However, there are also smaller factories and industrial areas on other islands such as São Vicente and Santo Antão.

Cabo Verde’s manufacturing industry has grown significantly over the last decade due to increased investment from foreign companies looking to take advantage of the favourable tax regime for businesses operating in Cabo Verde. This has resulted in a number of new factories being set up on Santiago and other islands which have helped create jobs and generate income for local people. The manufacturing sector is now an important contributor to the country’s GDP with figures from 2019 indicating that it accounted for around 12% of total GDP.

The main products manufactured in Cabo Verde are textiles and clothing which account for around 40% of all manufacturing activity followed by food processing (14%), metal-working (10%), chemicals (9%) and electronics (7%). Other products made include furniture, paper products, plastics, rubber goods, glassware and ceramics.

In terms of employment opportunities within the sector,it is estimated that around 25 000 people are directly employed within this sector while a further 10 000 are employed indirectly through related businesses such as transport companies or suppliers. Around 60 %of these employees are based on Santiago with other islands having a much smaller share.

In recent years there have been efforts by the government to improve competitiveness within this sector by introducing incentives for foreign investors,providing funding for training programs,and encouraging technological advances. These efforts have helped make Cabo Verde’s manufacturing industry more efficient while also helping it become more integrated with global markets.

Overall,the manufacturing sector in Cabo Verde plays an important role in providing employment opportunities while also contributing towards economic growth within the country. With continued investment into infrastructure development coupled with improved access to finance,skilled labor force training opportunities,modern technologies could help transform this sector into one that is globally competitive while also helping reduce poverty levels within Cabo Verde.

Mining Sector in Cabo Verde

The mining sector in Cabo Verde is an important component of the economy, with its contribution to the country’s gross domestic product (GDP) estimated to be around 5%. The sector is composed of a small number of companies that exploit a variety of minerals including gold, copper, manganese, and phosphate.

The main mineral resource in Cabo Verde is phosphates, which are located mostly on Santiago island. Phosphates are primarily used for fertilizer production and other industrial purposes. Gold and copper are also mined in the country, but at much lower levels than phosphates. Manganese is more widely distributed throughout the islands and can be found in higher concentrations near shorelines.

The mining sector has experienced steady growth over the past decade due to increased foreign investment. This has led to improved infrastructure such as roads and ports which has facilitated better access to mineral resources as well as increased productivity within the sector. In addition, new technologies such as open-pit mining have been introduced which have allowed for more efficient extraction of minerals from deeper underground deposits.

Despite this growth however, there are still several challenges facing Cabo Verde’s mining industry which need to be addressed if further progress is to be made. Poor infrastructure remains a major barrier for many miners with inadequate roads often leading to delays in transport times and higher costs associated with transporting minerals from remote areas. Additionally, limited access to finance continues to restrict investment into exploration activities which could lead to new sources of minerals being discovered.

In order for the mining sector in Cabo Verde to reach its full potential there needs to be an increase in investment into infrastructure development as well as improved access to finance for miners and exploration companies alike. The government needs also ensure that all necessary safety regulations are strictly enforced so that miners can operate safely while also protecting the environment from any potential harm caused by mining activities. Furthermore,the introduction of modern technologies such as data analytics could help improve decision making within the industry while also helping reduce costs associated with mineral extraction.