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Sovereign rating

B+: a weak rating, highly speculative

Cabo Verde is no. 13 of the 34 African countries rated, in the middle of the African ranking. The country pays its debts, but a shock (commodity prices, a political crisis) could stop it. Borrowing is expensive.

Weak rating B+
Category
Highly speculative (B)
In Africa
no. 13 of 34
Trend
Rising

4 notches below investment grade

S&P

B+

positive outlook · affirmed 7 Aug 2026

Source ↗

Fitch

B

positive outlook · outlook raised 28 Apr 2026

Source ↗

AfCRA

—

The African agency, launched on 7 October 2026, has not published a rating yet.

Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice

Business climate

Cabo Verde: a business climate better than in most African countries

Above the African median on 4 indicators out of 5. Syli Atlas gives no « business friendly » verdict of its own: each score comes from the World Bank, compared with the other African countries.

Governance

Worldwide Governance Indicators 2025, score from 0 to 100

Regulatory quality 55.6 no. 6 of 54

Can the state make and apply rules that let private business grow?

Rule of law 66.1 no. 3 of 54

Are contracts, property rights, the police and the courts reliable?

Government effectiveness 62.8 no. 3 of 54

Quality of public services and of the administration.

Control of corruption 66.3 no. 2 of 54

How far public power is used for private gain.

Business regulations and services

World Bank Business Ready (B-READY) 2025, score from 0 to 100

51.6 average of the three pillars · no. 15 of the 29 African economies covered

Regulatory framework 63.7 no. 13 of 29
Public services for firms 34.5 no. 20 of 29
Operational efficiency 56.5 no. 9 of 29

Sources: World Bank, Worldwide Governance Indicators (CC BY 4.0) and Business Ready (CC BY 3.0 IGO) · the line marks the African median · ranks among the African countries covered

Stock exchange

Cabo Verde on the BVC

Main index
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Listed securities
0
CVE

Fictitious figures (development), not MansaAPI's · end of day, not live · information, not investment advice