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Number of active companies in Cabo Verde grows 1.5 pct in 2014

The number of active companies in Cabo Verde (Cape Verde) in 2014 grew 1.5 percent, the number of workers rose by 3.0 percent but turnover fell by 3.4 percent against 2013, reported the National Statistics Institute.

Provisional results of the Annual Survey of companies, for 2014, released on 31 December, showed that at the end of 2014 Cabo Verde had 9,185 active enterprises, an increase of 136 over 2013, employing 52,518 people (an additional 1,543).

However, business value varied in the opposite direction, totalling 244 billion escudos, or a year on year fall of 8.5 billion escudos.

The survey data showed that the difference between the islands is visible in statistical terms, with a high concentration of business on the islands of Santiago, São Vicente, Sal and Boa Vista.

In 2014, about 79 percent of active companies were located n these three islands, accounting for 92 percent of the total workers and accumulating 97 percent of the value of business generated that year in Cabo Verde.

The retail sector, as in previous years, accounted for most of the business units (47 percent), followed by accommodation and food service activities (15 percent) and manufacturing (10 percent).

With regard to Staff Employed in companies, retail was the sector wit most jobs (23 percent), followed by accommodation & catering activities (19 percent) and manufacturing (13 percent).

Retail was the sector that generated the most turnover (39 percent), followed by accommodation & catering and construction (both with 9 percent) and financial & insurance and manufacturing activities (both with 8 percent). (macauhub/CV)

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