Africa-Press – Cape verde. The Public Business Sector (SPE) grew by 2.3% in the 2nd Quarter of 2024, totaling 9.9 billion Cape Verdean escudos (CVE). This growth partly reflects the favorable evolution of the national economy, which recorded a real growth rate of 8.5% in the period, according to the Quarterly Performance Report of the SPE of Cape Verde.
According to the document, the companies TACV, CV Telecom, ENAPOR, NOSi and EMPROFAC stood out as the main responsible for the increase in Turnover, contributing 90.4% of the positive variation recorded in the sector.
The main result indicators such as GVA, EBITDA, EBIT and Net Result recorded, in the aggregate perspective, positive values.
EBITDA (earnings before interest, taxes, depreciation and amortization) was CVE 2.1 billion, which contributed to a positive Net Result of CVE 256.7 million.
The same source indicates that the SPE’s assets grew, reaching CVE 119.9 billion. Equity increased by 82.7% compared to the same period in 2023, standing at CVE 22.3 billion.
Meanwhile, the stock of contingent liabilities (guarantee stock) totaled CVE 21.4 billion, corresponding to 7.6% of GDP, which represents a slight increase in financial risk, with a negative dynamic of 0.5 percentage points compared to the same period last year.
Risk Assessment of Companies
The risk assessment of the SPE, carried out using the SOE Health Check Tool from the International Monetary Fund (IMF), indicated that 33.3% of the companies were classified as moderate risk, maintaining the risk profile observed in the previous year.
Among the six largest companies in the SPE, half present moderate risk, including ASA, IFH and EMPROFAC. ENAPOR and TACV, although showing a tendency to improve, are still classified as high risk.
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