Ministério das Finanças

What Ministério das Finanças does

The Ministério das Finanças is the central government ministry of Cabo Verde responsible for conceiving, proposing, coordinating, executing, and evaluating public finance policy. It is headquartered in Praia, was established in 1975 alongside national independence, and operates with 614 employees. Its mandate covers state budget formulation and execution, tax administration (personal income tax IRPS, corporate income tax IRPC at 25%, VAT at 15.5%, special consumption tax, customs duties), treasury management, public procurement oversight, customs administration, and financial inspection.

The ministry operates a portfolio of interconnected digital services. Core revenue systems include DNRE (national revenue authority combining DGCI for taxes and DGA for customs), with electronic filing for IVA, IRPS, IRPC, and stamp duty. Budget and treasury operations sit within DNOCP and DGT. The e-Compras platform handles public procurement, and Porton di Nos Ilha provides a cross-government single-window citizen service portal. The Orçamento Cidadão and DNOCP Transparency Dashboard expose real-time budget and state accounts data. UGPE manages externally financed projects across the digital economy, energy, infrastructure, social inclusion, tourism, education, health, and statistics.

As a government ministry, it does not operate a commercial revenue model. It serves all individual citizens, businesses, and public entities of Cabo Verde, with operational reach across all nine inhabited islands through physical Repartições de Finanças, Casa do Cidadão service centers, and digital portals. Strategic alignment is anchored in the PEDS 2017-2021 sustainable development plan, with financing and technical assistance provided by the World Bank, African Development Bank, IMF, and EU Delegation. The work is governed by oversight from the Tribunal de Contas and aligned with ECOWAS and CPLP regional frameworks.

Name

Ministério das Finanças

Legal name

Ministério das Finanças

Website

https://mf.gov.cv

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ministério das Finanças is the central government ministry of Cabo Verde, responsible for state budget management, tax and customs administration, treasury operations, public procurement, and citizen financial services. It serves all citizens, businesses, and public entities across the country's nine inhabited islands through digital portals and physical offices.

Ownership category

akta.pro rank

Product category

Government Financial Administration

NAICS

Public Finance Activities (921130), Public Finance Activities (92113), Executive, Legislative, and Other General Government Support (921)

akta.pro industry

PRIMARYBPAIADAO

Revenue Systems, E-Filing & Digital Tax Administration

Business & Public Services/Public Sector & Government Administration/Tax, Revenue & Customs Administration

SECONDARYBPAIAEAB

Treasury & Cash Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAD

Government Accounting & Financial Reporting

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIACAC

Municipal Finance, Treasury, Budget & Procurement

Business & Public Services/Public Sector & Government Administration/Local/Municipal Government Administration

SECONDARYBPAIADAC

Tax Return Filing, Processing & Assessment

Business & Public Services/Public Sector & Government Administration/Tax, Revenue & Customs Administration

SECONDARYFSAMAKAJ

Government & Public Sector Disbursements (Tax Refunds, Benefits)

Financial & Insurance/Payments & Transaction Processing/Payroll & Payouts / Disbursements

Keywords

• Public financial management
• Tax administration services
• Customs administration
• Public procurement systems
• Treasury management

Headquarters

HQ city

Praia, Plateau

HQ country

Cape Verde

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels5 records

Marketing channels4 records

Core offering

Ministério das Finanças is the government ministry of Cabo Verde responsible for conceiving, coordinating and executing state financial management policy. It administers tax collection (personal income tax IRPS, corporate income tax IRPC at 25%, VAT at 15.5%, special consumption tax and stamp duty), customs operations, public treasury management, state budget formulation and execution, public procurement oversight, and citizen-facing digital services through its divisions DNRE, DNOCP, DGT, DGPCP, UGPE and DGCI. The ministry provides digital portals for tax filing, NIF issuance, customs clearance, budget transparency, and integrated citizen services across all nine inhabited islands.

Product overview

Ministério das Finanças operates a portfolio of interconnected digital services for public financial management. The core systems include DNOCP (state budget and accounting), DNRE (tax and customs revenue), DGT (treasury), DGPCP (public procurement and heritage), and UGPE (special projects management). Citizens and businesses interact through portals like DNRE's taxpayer services (tax declarations, payments, NIF), DNOCP's citizen budget transparency tools, and cross-government platforms such as Porton di Nos Ilha (comprehensive citizen services), e-Compras (public procurement), and the electronic state payment system. The ecosystem is designed to support the full fiscal cycle from budgeting through revenue collection to treasury operations and project execution.

Differentiator

Problem solved

Functional benefit

Products and services

• DNRE Electronic Tax and Customs Services Portal Direcção Nacional de Receitas do Estado — manages state tax and customs revenue, comprising DGCI (contributions and taxes) and DGA (customs), with services including tax declarations, payments and customs clearance for citizens, businesses and international traders.
• DNOCP National Budget and Public Accounting Direcção Nacional do Orçamento e Contabilidade Pública — manages state budget execution, public accounting and transparency through real-time dashboards showing budget allocation, spending execution and revenue for government entities and the public.
• DGT Public Treasury Management Direcção Geral do Tesouro — manages public treasury operations including government payments and treasury management on behalf of the state.
• DGPCP Public Procurement and Heritage Direcção Geral do Património e da Contratação Pública — manages public heritage and public procurement contracting oversight for government acquisitions.
• UGPE Special Projects Management Unidade de Gestão de Projetos Especiais — manages special projects with external financing, covering Digital Economy, Energy, Infrastructure, Social Inclusion, Tourism, Education, Health and Statistics sectors.
• Porton di Nos Ilha Citizen Service Portal Cross-government citizen service portal providing unified access to tax payments (DUC), process status tracking, income tax payments, payment consultations, NIF applications, customs clearance simulations and customs tariff queries for individual citizens and businesses.
• e-Compras Public Procurement Portal Electronic public procurement portal that streamlines the entire public contracting process, saving time and resources while ensuring contract management and transparency in government acquisitions.
• Orçamento Cidadão (Citizen Budget) Online tool providing accessible budget and state accounts information in language simplified for citizens, promoting fiscal transparency.
• Collaborative Reform Management System Collaborative system for managing public financial management reforms under the Strategic Plan for Sustainable Development (PEDS), including reform tracking, timeline management and impact measurement.
• Monitoring, Evaluation and Reporting Solution — Inovação Morabeza Project Digital monitoring, evaluation and reporting solution for the 'Inovação Morabeza' project under development, providing tracking and impact measurement capabilities.

Quantifiable outcome

• 30-day maximum payment term for government obligations under Resolution 78/2026
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered important, core and minor.

• Fórum Global da Transparência (OECD/Global Forum on Transparency)importantStrategic or Co-development PartnerInternational forum promoting transparency and exchange of tax information between countries. Supports Cabo Verde's commitment to international tax transparency standards.
• Nações Unidas em Cabo Verde (United Nations)importantStrategic or Co-development PartnerUN system in Cabo Verde providing development cooperation, policy support, and coordination for sustainable development initiatives aligned with national development plans.
• Tribunal de Contas (Court of Audit)coreOthersSupreme audit institution responsible for external audit of public finances. Works with the Ministry of Finance on budget execution oversight, accountability, and financial reporting compliance.
• CEDEAO/ECOWASimportantStrategic or Co-development PartnerEconomic Community of West African States. Cabo Verde participates in the Common External Tariff (TEC) system and regional trade liberalization agreements managed in coordination with customs authorities.
• CPLP (Community of Portuguese Language Countries)minorStrategic or Co-development PartnerMultilateral forum of Portuguese-speaking nations. Cabo Verde participates in customs cooperation initiatives and adopts harmonized tariff systems under CPLP frameworks.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• HM Treasury (United Kingdom): HM Treasury is a much larger, established finance authority executing the same core functions (tax policy, spending review, debt management) at national scale, providing a benchmark for institutional design.
• U.S. Department of the Treasury: U.S. Treasury is the broadest incumbent in this category, operating tax administration (via IRS), financial reporting, debt management, and international finance coordination at federal scale.
• Ministère de l'Économie et des Finances (France): France's Ministry of the Economy and Finance covers a comparable fiscal policy and tax administration portfolio and is a relevant incumbent benchmark for treasury and budget execution models.
• National Treasury of South Africa: South Africa's National Treasury is the leading African finance ministry and operates an analogous fiscal policy, budget, and public finance management mandate with substantially greater scale.

Direct peers

• Ministry of Finance, Seychelles: Seychelles' Ministry of Finance serves a small island African state with a similar policy portfolio of tax, customs, treasury, and public investment, offering near-comparable operational scope.
• Ministério da Economia e Finanças de Moçambique: Mozambique's economy and finance ministry shares lusophone institutional roots and a similar developing-country reform agenda in tax, customs, and public financial management.
• Ministério das Finanças de Portugal: Portugal's national finance ministry shares the same mandate (tax, customs, treasury, budget) and a lusophone institutional heritage with Cabo Verde's ministry, making it the closest historical and functional counterpart.
• Ministry of Finance, Mauritius: Mauritius's Ministry of Finance is the closest peer in scale and context: a small island developing state with a comparable mandate over tax administration, public procurement, treasury, and budget execution.
• Ministère des Finances et du Budget (Sénégal): Senegal's ministry of finance is a West African counterpart that handles an overlapping set of tax, customs, treasury, and budget functions within a comparable ECOWAS regional framework.

Emerging players

• Autoridade Tributária e Aduaneira de Portugal: Portugal's tax and customs authority is the operational counterpart to Cabo Verde's DNRE, with mature e-filing and e-payment systems that serve as a reference model for further digital evolution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ugpecaboverde
• LinkedInlinkedin.com/company/medica-shop-cv

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministério das Finanças