News
Cape Verde enjoys economic success
Tuesday 13 May 2008
Cape Verde is expected to be the most economically successful African nation which does not produce oil this year.
That is according to the 2008 African Economic Outlook, which was presented at the African Development Bank's annual meeting.
It is great news for anyone with an investment property in Cape Verde as a growing economy should lead to rising house prices and an improved standard of living.
According to the report, Cape Verde is due to witness economic growth of eight per cent in 2008.
That will make it the most successful non-oil producing African nation.
It is also above the African average, which is due to hit six per cent by the end of the year.
This is the first time that Cape Verde has made it onto the African Economic Outlook, another sign of the country's growing economy.
Many people buy investment properties in Cape Verde due to the outstanding natural beauty of the ten islands and eight islets.
The country reportedly gets its name from Cape Vert, which means Green Cape.
That is according to the 2008 African Economic Outlook, which was presented at the African Development Bank's annual meeting.
It is great news for anyone with an investment property in Cape Verde as a growing economy should lead to rising house prices and an improved standard of living.
According to the report, Cape Verde is due to witness economic growth of eight per cent in 2008.
That will make it the most successful non-oil producing African nation.
It is also above the African average, which is due to hit six per cent by the end of the year.
This is the first time that Cape Verde has made it onto the African Economic Outlook, another sign of the country's growing economy.
Many people buy investment properties in Cape Verde due to the outstanding natural beauty of the ten islands and eight islets.
The country reportedly gets its name from Cape Vert, which means Green Cape.
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