The grass is greener with Cape Verde investment properties
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The Republic of Cape Verde is an island nation, covering an archipelago of 10 islands in the central Atlantic, 570m off the coast of West Africa. Islands, covering a total area of just over 4,000 square kilometers (1500 square miles), are of volcanic origin, and while three of them (Sal, Boa Vista and Maio) are rather flat, sandy and dry, others are generally more rugged and have more vegetation.
But because of the scarcity of rainfall, it is overall not a very green landscape, whatever its name suggests. The country has more of Cape Verde in neighboring Senegal, which in turn were originally named “Cabo Verde” when it was sighted by Portuguese explorers in 1444, several years before the discovery of the islands.
Cape Verde is often praised as an example of African nations for its stability and growth of development despite its lack of natural resources.
Cape Verde has few natural resources, poor rainfall and limited amounts of fresh water . But it has the wind. Only 4 of 10 main islands (Santiago, Santo Antao, Fogo and Brava) normally support significant agricultural production, and over 90% of all food consumed in Cape Verde, is imported. Mineral resources are salt, pozzolana (a volcanic rock used in cement production) and limestone.
The small number of wineries Portuguese style have traditionally focused on the domestic market, but recently have had some success internationally. A number of wine routes of different microclimates of Cape Verde has begun to be offered in spring 2010 and can be arranged through the tourist office.
Cape Verde’s economy is service oriented, with commerce, transport and public services accounting for more than 70% of GDP. [Citation needed] Although almost 38% of the population lives in rural areas, such as Sao Vicente, agriculture and fishing contribute only 9% of GDP. Light manufacturing accounts for most of the rest. Fish and seafood are abundant, and small amounts are exported. Cape Verde and cold storage facilities for freezing and fish processing plants in Mindelo, Praia and Sal Cape Verdean expatriates contribute 20% of GDP to the national economy through remittances.