CAPE VERDE
HR Outsourcing Solutions

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About Cape Verde

Page Last Updated: 28/05/2024

Located in the Atlantic Ocean off the coast of West Africa, Cape Verde is an archipelago renowned for its stunning landscapes, vibrant culture, and welcoming people. With its pristine beaches, volcanic peaks, and colorful colonial towns, Cape Verde offers a unique blend of natural beauty and cultural richness. However, exploring business opportunities in this dynamic island nation can be challenging without the right support. At Africa HR Solutions, we specialise in helping companies navigate the complexities of expanding into Cape Verde.

Population: 0.58 M


Gross Domestic Product (GDP): $2.72 B


GDP Growth: 4.7%


Inflation: 2%


Foreign Direct Investment (% of GDP): 5.5%


Unemployment Rate: 12.44%


Capital: Praia


Currency: Cape Verdean escudo (CVE)


Languages: Portuguese, Cape Verdean Creole

Cape Verde Payroll at a Glance

Currency

Cape Verdean escudo (CVE)

Income Tax

16.5% – 27.5%

Employer Taxes

15%

Employee Contribution

8%

Fiscal Year

1 January – 31 December

Date Format

dd/mm/yyyy

  • Cape Verde is an archipelago comprising ten volcanic islands.
  • The official language is Portuguese, reflecting the nation’s colonial history, although Cape Verdean Creole is widely spoken.
  • Cape Verde gained independence from Portugal on July 5, 1975.
  • The economy of Cape Verde is primarily based on tourism, service industries, and remittances from emigrants.
  • Cape Verde is known for its music styles such as morna, coladeira, and funaná, which reflect the country’s rich cultural heritage.
  • Cachupa is the archipelago’s national dish. This slow-cooked, hearty stew made with beans, corn kernels, vegetables and fish or meat, is a type of Feijoada and is Portuguese in origin.
  • New Year’s Day
  • Heroes’ Day
  • Carnival
  • Ash Wednesday
  • Labour Day
  • Municipal Day
  • Independence Day
  • Assumption
  • National Day
  • All Saint’s Day
  • Christmas Day
HR Outsourcing

Employment in Cape Verde

Cape Verde is considered a developing country, although its recent focus on enhancing its tourism industry and providing a better quality of life is leading to growth transformation and more attractive job opportunities. Employees are entitled to maternity, sick and vacation leave. Cape Verde offers a minimum wage and bonuses are not compulsory, although they are common. As far as termination of employees is concerned, employers are required to provide 15 days’ notice for every year of service, or the relevant amount as payment in lieu of notice. Where employers wish to terminate employees due to misconduct, a 40 day warning is required including the reasoning, whereafter the employee has 5 days to formally respond. Healthcare services are funded via the country’s social security system.

Engaging the services of Africa HR Solutions will allow you to focus on growing and streamlining your business in Cape Verde, whilst we deliver all relevant employment outsourcing and payroll procedures in accordance with the applicable legal requirements and customary practices, including devising an attractive employee benefit scheme for your local national and/or expatriate resources.

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GRANT GERAGHTY - Africa HR Team

GRANT GERAGHTY

HEAD OF CLIENT RELATIONSHIP

Grant Geraghty is the longest-serving member of the Africa HR team. This resident subject matter expert and client champion is responsible for gaining a deep understanding of our clients’ unique HR needs in Africa and providing tailored solutions that align with their business objectives. Grant collabourates closely with our clients to ensure that their requirements are properly implemented, providing ongoing support and guidance throughout the process.

Grant brings a wealth of experience to his role, having served as Africa HR’s longest-serving employee. He holds a Bachelor of Commerce degree, with a major in Economics and Business Finance, from the University of Natal in South Africa. Additionally, he has completed a certification program in Payroll and Tax Administration from the University of Cape Town, further enhancing his expertise in HR operations and compliance.

His commitment to delivering exceptional service and his extensive knowledge of HR in Africa make him an invaluable member of the Africa HR team.

KEVINA TAKOORDYAL Africa HR Team

KEVINA TAKOORDYAL

HEAD OF OPERATIONS

Kevina Takoordyal has a BA Hons Business Management from the University of Glamorgan, UK, with MBA in leadership and Innovation, MBA General, PMP Certified, and Agile Scrum Master. She currently works as the Head of Operations at Africa HR Solutions Ltd with more than 20 years of proven leadership capabilities in Operations, Business Development, People Management, Process Optimization, and Project Management in the Financial Services, BPO, Banking Industry, and Heath Care Industry. In Senior leadership roles with an international footprint across Europe working and extensive Pan- African experience from a compliance, finance, and operations angle, Kevina comes across with a panoply of cross-functional skills. Kevina also serves on a few Boards, Non-Independent Executive at MioD and for NGOs on a voluntary basis, a coach and mentor to aspiring female leaders across Africa and Mauritius.

Kevina is a firm believer in Servant Leadership with a strong focus and commitment to uplifting others, with the ability to deliver through a highly engaged – diverse team, and works towards consistently synergistic value creation. While being a focused and adaptive thinker and Kevina is actively participating in panel discussions on Innovation, CX, Digital transformation.

Kevina serves as Project Assessor for the National Youth upskilling program. She has been recognized as Global Talent in a few companies, Ceridian, and International SOS Ltd whereby she has been awarded a few scholarships and had the opportunity to be mentored by Senior Vice President in the US. Award Winner in various fields and at a national level and recognized including Super Achiever Leader Award in Africa in 2016, Awarded Africa Women Leader 2018.

VILOSHNA PACKIRY POULLE​

VILOSHNA PACKIRY POULLE

Head of Finance & Business Support

Viloshna is an experienced finance professional with 18 years of expertise in strategic financial planning, financial analysis, cash flow management, systems and controls implementation, financial reporting, and continuous process improvements. She currently serves as Head of Finance & Business Support, where she has successfully automated and leveraged the financial reporting system capabilities to ensure efficient company operations.

Viloshna’s background includes senior roles in a multinational pharmaceutical company and a large listed Mauritian conglomerate. Her meticulous attention to detail and strategic thinking have streamlined financial processes, making her a valuable addition to any finance team. Viloshna is a qualified finance professional with an FCCA qualification and an MBA, bringing valuable expertise to any Organisation.

In her current role, Viloshna leads the company’s Treasury and Payments function, including the fulfillment of the company’s cross-border payments into Africa. With her strong educational background and extensive experience, Viloshna consistently demonstrates her ability to optimize financial operations, minimize risks, and improve profitability. Her expertise in financial reporting and process improvements make her a valuable asset to any Organisation.

MARK DU PREEZ​

MARK DU PREEZ

Head of Legal & Compliance

A qualified lawyer who joined Africa HR Solutions in July 2020, Mark Du Preez has experience working in private practice for a reputable law firm in South Africa. He also played commercially focused roles at a leading private bank, wealth management company, and outsourcing firm in South Africa and Mauritius.

Mark has played a pivotal role in Africa HR Solution’s risk mitigation strategy, which positively impacted P&L performance over the years.

He currently leads the Partnerships function of the company including relationships and oversight with in-country partners (ICPs) across Africa.

Alex Daruty - Africa HR Team

ALEX DARUTY

Head of Commercial

Alex has more than 15 years of experience in the global, strategic development of both enterprise and consumer brands in categories including technology, transport, enterprise software, entertainment, and travel.

With experience in roles on both agency and corporate side, he has worked across international brands and has led the development and execution of multi-discipline campaigns across EMEA, NORAM and Asia Pacific.

His focus is on driving meaningful business impact through brand differentiation and building high-functioning, digitally oriented, and analytically driven capabilities. He is motivated by working with, and developing dynamic people, teams, and Organisations.

He leads, manages, develops and mentors the Key Account Management department, including line management responsibility for the team of Key Account Managers and Key Account Administrator who represent the Company as the primary communication link between all relevant stakeholders, including clients, third party in-country partners and internal functions.

Originally from Mauritius, he holds bachelor’s degrees in International Business, Finance and Management from the University of Nevada, Reno.