Excellence Company Program Aims to Certify 50 Businesses in Third Edition
The Excellence Company (Empresa Excelência) program, managed by BTOC, is launching its third edition with the goal of certifying 50 businesses in Cape Verde. Carlos Graça, the manager of BTOC, stated that this edition aims to build upon previous successes and expand the number of certified companies. The program seeks to demonstrate the benefits of certification, particularly in improving access to financing and enhancing relationships within the business ecosystem. While the certification is not an automatic guarantee of credit, it serves as a significant differentiator for companies seeking favorable loan conditions from financial institutions.
To qualify for the Excellence Company seal, businesses must meet specific financial performance indicators, including a positive net result and positive EBITDA for 2024 and 2025, along with a financial autonomy of at least 20%. The program anticipates receiving 500 applications this year, with the objective of certifying a minimum of 50 companies. Last year, 25 companies received the certification, with some renewing from the first edition. BTOC also offers a free self-diagnostic tool on its platform to help companies assess their internal management and identify areas for improvement. The certification process involves three stages: application submission, technical analysis and validation, and finally, the awarding of the status. The distinction is valid for one year and can be renewed.
The Excellence Company certification program in Cape Verde appears designed to foster greater transparency and financial health among local businesses, potentially de-risking them for lenders. By establishing clear performance benchmarks and a structured validation process, the initiative aims to improve access to capital and strengthen the overall business environment. This approach aligns with broader trends in financial markets where robust governance and verifiable performance metrics are increasingly crucial for investment. The program's success will likely depend on sustained engagement from both businesses and financial institutions, and its ability to adapt to evolving economic conditions and technological advancements in financial assessment.
AI-generated to prompt reflection — not editorial opinion, not advice, not a statement of fact. How this works.