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Cape Verde is an island country located in the Atlantic Ocean, off the west coast of Africa. It is formed by 10 volcanic islands, of which nine are inhabited. With a population of just over 550 thousand inhabitants, Cape Verde is a small country that has made significant progress in recent years, namely in terms of economic development and political stability. This progress has made Cape Verde an attractive destination for investors and entrepreneurs looking to do business in Africa. One of the main advantages of doing business in Cape Verde is its strategic location. The country is strategically located between Europe, Africa and the Americas, making it an ideal hub for companies looking to expand their reach in these regions. Additionally, Cape Verde has a stable political climate, conducive to investment and entrepreneurship. Cape Verde's economy is dominated by the service sector, primarily tourism, which accounts for over 20 percent of the country's GDP. The government has implemented policies to encourage foreign investment in the tourism sector, including tax breaks and streamlined bureaucratic procedures. As a result, Cape Verde has experienced significant growth in its tourism industry in recent years. In addition to tourism, Cape Verde also has significant potential in other sectors such as renewable energy, fisheries and agriculture. The country has abundant sunshine and strong winds, making it an ideal location for solar and wind energy projects. In addition, Cape Verde has a large exclusive economic zone, which offers opportunities for fishing and aquaculture. Overall, Cape Verde offers a unique business environment, full of opportunities for growth and investment. With the government's commitment to economic development and political stability, as well as its strategic location and abundant natural resources, Cape Verde is poised to become a major player in the African economy.
