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The year-end closing is, for many companies, a moment that repeats itself every year almost out of inertia. The calendar is followed, documents are organised, numbers are validated and, in the end, what is required is submitted. But it is precisely here that one of the most common — and most silent — mistakes in business management begins. Many entrepreneurs continue to see the year-end closing as a formal obligation, a process necessary to comply with legal and tax requireme

The delay in payments is one of the most recurring (and least discussed) problems in the business ecosystem. It doesn’t appear directly in financial reports, it doesn’t make headlines often, but it has a deep impact on how companies operate day‑to‑day. For many companies, especially small and medium‑sized ones, the problem isn’t the lack of work or billing, but rather the time the money takes to arrive.And when that time stretches out, the consequences accumulate. When delay

There is a phrase often repeated in the business world: “Revenue is vanity, profit is sanity, but cash is king.” Or, in other words: revenue impresses, profit reassures… but cash rules. It may sound like a play on words, but the idea behind this phrase explains something essential about managing any company: without available cash, no business survives for long. And this is exactly where one of the most important — and often least understood — reports in a company’s accounts

We are at an important moment in the business calendar. For many companies in Cabo Verde, this is the period of closing accounts, preparing the balance sheet, drafting the income statement and calculating annual taxes. For many entrepreneurs, this process is seen as just another administrative requirement — necessary to comply with legal obligations, but distant from the real management of the business. However, it is precisely here that an essential question arises: is the c

We are at the time of closing the accounts. Reports, financial statements, tax calculations and meetings with the accountant return to the companies’ agenda. For many entrepreneurs, this is a period seen almost as an administrative obligation — something necessary to comply with legal requirements, but distant from the real management of the business. The problem is that this view turns one of the most important documents of a company into a mere formality: the balance sheet.

In Cabo Verde, one of the biggest difficulties faced by small and medium-sized entrepreneurs is this: the company shows profit in the income statement, but in practice there is no money available in the bank account. Sales exist, the business seems to be working, but cash is always at the limit. This reality shows that many companies do not close because of a lack of clients, but because of a lack of financial control. Money comes in, goes out quickly and never remains long e

Cabo Verde has been moving quickly on the path of digital transformation, consolidating itself as a hub of innovation in West Africa. Events like Tech4Good  brought the spotlight not just on technological initiatives, but on how digital solutions can respond to concrete social and economic problems — from inclusion and sustainability to education and public services. The event gathered innovators, entrepreneurs, managers, programmers, and representatives of companies and orga

As the 2025 fiscal year closes, many entrepreneurs make an intuitive assessment of the year: it was difficult, it was reasonable, or it even went well. However, when simple questions arise (what was the margin, how much cash was left, how is the treasury for the coming months), the most common answer continues to be: “I still don’t know, I’m waiting for the accounting.” This scenario reveals a structural challenge in small and medium‑sized enterprises: the lack of financial l

The launch of the Cabo Verde Transparency Portal, publicly presented on January 21, 2026, represents a significant step in the country’s path towards more open, digital, citizen‑oriented governance. Recognised by international partners such as the United Nations and the European Union, the portal emerges as a central tool to strengthen accountability, trust in institutions, and the external credibility of the Cabo Verdean State. However, more than a symbolic moment, the real

In an increasingly demanding economic environment, where quick and informed decision-making can determine the success or failure of a business, organized accounting ceases to be a mere legal obligation and takes on a strategic role in business management. More than meeting tax deadlines, having the books in order is today a decisive factor for growth, sustainability, and business credibility. Far Beyond Tax Compliance The idea still persists that accounting only serves to cal

In an increasingly competitive business environment, managing a company without financial indicators is like driving a car without a dashboard: it may seem like everything is working, but important signals go unnoticed… until it’s too late. Therefore, understanding and monitoring these indicators is essential for any entrepreneur who wants to make more accurate decisions and ensure the sustainability of their business. Why Are Financial Indicators So Important? Financial indi

Access to financing remains one of the biggest challenges for the Cape Verdean private sector. Long processes, extensive requirements, and the need to prove financial solidity — often with incomplete documentation — make the journey difficult for companies that want to invest and grow. It was in this context that the Pre-Approved Guarantee Protocol emerged, signed between Pró Garante and the Empresa Excelência initiative, promoted by BTOC. This new mechanism was the central t

As the year comes to an end, many companies face the same reality: piles of documents to organise, deadlines approaching, and urgencies that could have been avoided with a bit more routine throughout the year. However, closing the fiscal year doesn’t have to be a chaotic process, as long as there has been consistent work during the preceding months. In this article, we explore simple practices that can transform the year-end closing into a calm, efficient process without unpl

In a country vulnerable to natural risks, dependent on maritime transport, and with thousands of small and medium enterprises exposed to daily uncertainties, one question arises: why is insurance so important? In this week’s episode of Economia Descomplicada , we aim to answer three central questions in a simple but deep way: what is insurance, why it is essential, and which types of insurance are priorities for Cape Verdean SMEs. What Is Insurance and How Does It Work? The c

Starting January 1, 2026, Cape Verde will begin one of the most significant tax reforms since the late 1990s: the replacement of the Single Property Tax (IUP) with two new codes — the cITI (Property Transfer Tax) and the cIPI (Property Ownership Tax). The change is not accidental. The country's real estate reality today is substantially different from that of 1998, marked by greater urban dynamism, tourism growth, new developments, and increased property values. The governmen

Decree‑Law No. 34/2025, published on November 4, marks a major structural change in Cape Verde’s fiscal administration, with the creation of the Tax and Customs Authority of Cape Verde (ATCV, I.P.) , which replaces the former National Directorate of State Revenues (DNRE).

The seal is used to recognize companies that meet excellence criteria defined together with institutional partners, including banks. Twenty-five national companies will be recognized with the Empresa Excelência  Seal in the second edition of the initiative. According to the promoting company, BTOC Cabo Verde , this 2nd edition saw significant growth in both distinguished companies and applications compared to the first edition. As explained by Carlos Graça , manager and partn

It's the end of October 2025, do we have accounts? And year-end projections? And the 2026 budget?

The power outages in Santiago were publicly acknowledged by EDEC/EPEC, which justified the failures with complex generator set malfunctions and maintenance delays. The situation led to intermittent and prolonged outages, severely affecting the population and businesses. There was also public and political pressure for compensation measures and service improvements. Today's column is a result of the arrival of the EDEC bill, with the announced 10% discount: “EDEC will apply a