Cape Verde Ramps Up Digital Start-up Ecosystem to Boost Economy

By : Isaac K. Kassouwi

Date : jeudi, 31 juillet 2025 08:36

  • Cape Verde launches BOOST.CV to support 150 young digital entrepreneurs with training, mentoring, and incubation.

  • The government offers extensive support including scholarships, funding, tech event participation, and a $24 million Morabeza Fund.

  • Despite ranking 75th globally and 2nd in West Africa, Cape Verde faces challenges from infrastructure gaps, investment shortages, and a cautious population favoring public jobs.

Cape Verde aims to make digital technology a core part of its socio-economic growth. The government targets increasing the digital sector’s share of GDP from about 5% in the near future.

On July 28, the Cape Verdean government launched the BOOST.CV programme. It intends to back 150 young entrepreneurs in the digital sector by offering training, mentoring, and project incubation.

Deputy Prime Minister Olavo Correia said, “This is not just a technological tool, but a public policy instrument designed to generate real impact. We firmly believe that Cape Verdean talent, both on the islands and in the diaspora, is our greatest resource. And it is our responsibility as a State to create the conditions for this talent to flourish and innovate.”

BOOST.CV complements earlier measures. In May, Pedro Lopes, Secretary of State for the Digital Economy, told Agence Ecofin that the “Cape Verde Digital” programme is a flagship initiative. “Through digital.cv, you can explore our ecosystem. We support 200 young people annually via scholarships and fund around 100 start-ups with two co-founders receiving six minimum salaries, plus logistical and marketing assistance. The Go Global programme finances participation in international tech events.”

Other programmes include "Reinvent Cape Verde," where start-ups solve challenges set by public and private institutions via hackathons, and the Morabeza Fund, a $24 million fund geared toward growing tech start-ups led by youth and women.

Lopes also highlighted regulatory progress, noting a dedicated start-up law with tax benefits, a special technology economic zone, and modern laws on data protection and digital transactions. The government has simplified business registration, launched visas for digital nomads, and opened a technology park.

Cape Verde’s start-up ecosystem ranks 75th worldwide and 2nd in West Africa, according to StartupBlink’s Global Startup Ecosystem Index 2025. The report notes that start-ups face challenges from poor physical infrastructure and a weak investment climate. Additionally, many citizens prefer stable public sector jobs and view entrepreneurship as risky.

Isaac K. Kassouwi

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