Cabo Verde Country Private Sector Diagnostic - An Archipelago of Opportunity: Pathways to Foster Sustainable Private Sector–Led Growth

Jul 19, 2026

Upload by Ezra

Cabo Verde Country Private Sector Diagnostic presents a structured assessment of key sectors and crosscutting constraints shaping private sector–led growth. The report analyzes tourism, blue economy opportunities across fisheries and aquaculture, and the digital services market, identifying growth drivers, bottlenecks, and investment-relevant recommendations. It further evaluates competition and the regulatory environment, transportation and logistics systems, and energy restructuring, linking market challenges to actionable pathways that mobilize private investment and support sustainable development.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages158

Reading Time6 h 38 min

AccessFree to download

Overview

Country Context

State of the Private Sector

Notes

Part I • Sector Assessments

Tourism

Blue Economy

Digital Services

Notes

Part II • Enabling Sectors and Crosscutting Themes

Competition and Regulatory Environment

Transportation and Logistics

Energy

Appendix A Sector Selection Methodology

Appendix B Peer Selection Methodology

Public Disclosure Authorized Public Disclosure Authorized Disc losure Authorized Public COUNTRY PRIVATE SECTOR DIAGNOSTIC CREATING MARKETS INCABO VERDE An Archipelago of Opportunity: Pathways to Foster Sustainable Private Sector–Led Growth March 2024 About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets and developing economies. We work in more than 100 countries, using our capital, mobilization capacity, expertise, and influence to create jobs and raise living standards, especially for the poor and vulnerable. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people’s lives as economies grapple with the impacts of global compounding crises. For more information, [visit www.ifc.org](visit www.ifc.org). © International Finance Corporation 2024. All rights reserved. 2121 Pennsylvania Avenue, N.W. Washington, D.C. 20433 The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent. Photo: Cover, © Igor Tichonow/Adobe Stock. CONTENTS | Acknowledgments Executive Summary Abbreviations and Acronyms
OVERVIEW
O.1 Country Context
O.2 State of the Private Sector Notes
References
PART I • Sector Assessments | v
vii
xxi
2
2
11
16
17 | | --- | --- | Notes 20 1 TOURISM 21 1.1 Introduction 21 1.2 Opportunities: Attracting New Market Segments 24 1.3 Recommendations 40 Notes 42 References 45 2 BLUE ECONOMY 47 2.1 Introduction 47 2.2 Current Landscape of Cabo Verde’s Fisheries Sector 48 2.3 Aquaculture: An Emerging and Untapped Subsector Awaiting Exploration 53 2.4 Opportunities 55 2.5 Recommendations 59 References 61 Notes 61 3 DIGITAL SERVICES 63 3.1 Introduction 63 3.2 Drivers of Growth 65 3.3 Challenges to Growth: The Need for Continued Government Support to Strengthen Market Competitiveness 69 3.4 Opportunities for the Private Sector in the Digital Services Market 73 3.5 Recommendations 79 Notes 80 References 81 iv CABO VERDE COUNTRY PRIVATE SECTOR DIAGNOSTIC PART II • Enabling Sectors and Crosscutting Themes 4 COMPETITION AND REGULATORY ENVIRONMENT 84 4.1 Introduction 84 4.2 Competition Landscape 84 4.3 Opportunities for Private Investment 86 4.4 Recommendations 98 Notes 100 References 102 5 TRANSPORTATION AND LOGISTICS 104 5.1 Introduction 104 5.2 Maritime Transportation 104 5.3 Air Transportation 112 5.4 Logistics for Perishable Products: Institutions and Ancillary Services 113 5.5 Recommendations 115 Notes 116 References 119 6 ENERGY 120 6.1 Introduction 120 6.2 Ongoing Restructuring of Electra 122 6.3 Opportunities for Private Investment 123 6.4 Recommendations 125 References 128 Notes 128 APPENDIX A Sector Selection Methodology 130 APPENDIX B Peer Selection Methodology 135 ACKNOWLEDGMENTS The Cabo Verde Country Private Sector Diagnostic was prepared by an International Finance Corporation (IFC)–World Bank team led by Zineb Benkirane (Senior Economist, IFC) and Cristina Navarrete Moreno (Seni

FAQs

What main sectors does the diagnostic evaluate for Cabo Verde’s private sector growth?

It assesses tourism, the blue economy (fisheries and aquaculture), digital services, and also reviews enabling sectors such as competition/regulatory environment, transportation and logistics, and energy.

How does the report describe pathways to foster sustainable private sector–led growth?

It links sector-specific opportunities and constraints to recommendations intended to attract private investment and strengthen competitiveness through targeted reforms and support.

Which crosscutting themes are analyzed beyond individual sectors?

The diagnostic covers competition and regulatory environment, transportation and logistics, and energy, treating them as enabling factors that affect market development across sectors.

Jul 19, 2026

Upload by Ezra