Brazil-Africa

Farmers in Mozambique fear Brazilian-style agriculture

Nampula:  Rodolfo Razão, an elderly small farmer in Mozambique, obtained an official land usage certificate for his 10 hectares in 2010, but he has only been able to use seven. The rest was occupied by a South African company that grows soy, maize and beans on some 10,000 hectares in the northeast of the country. He got nowhere filing a complaint with the authorities in the district of Monapo, where he lives, in the province of Nampula. And at the age of 78, he can’t wait much longer.

Brazil-Cape Verde shipping line to generate business worth $50m

Rio de Janeiro: The shipping line between Brazil and Cape Verde, which is due to be launched this week, is expected to generate business worth US$50 million in the first year of operations, said the executive secretary of the Ceará Chamber of Foreign Trade, Roberto Marinho. According to Marinho, the main aim of opening up the new shipping line is to turn Cabo Verde into a platform for selling Brazilian products and services in Africa, making use of the business facilities on the West African archipelago.

BNDES opens in Johannesburg to boost Brazil’s presence in Africa

Rio de Janeiro: Brazil’s development bank BNDES has opened its third international location to help drum up business for Brazilian companies in Africa beyond the Portuguese-speaking countries. The Johannesburg location follows offices in Montevideo and London, both opened in 2009. “The goal here is to increase the overall portfolio and diversify as well,” said Sergio Foldes, deputy managing director at the bank’s international division in Rio de Janeiro. Beyond the Portuguese-speaking Mozambique and Angola “there are other markets where Brazilian companies can have very good opportunities, and where we can be of great help to them.”

The India-Brazil-South Africa Forum a decade on: mismatched partners or the rise of the south?

Oxford:  Groupings between countries from the South have evolved greatly over the past fifty years. In the 1960s, coalitions and voting blocs like the Non Alignment Movement and the G77, gathered the majority of countries defining themselves as from ‘the South’ and placed themselves in opposition to ‘the North’. By the 2000s, they evolved into more selective mini-lateral groupings comprising mainly of rising powers from the South. The birth of the IBSA Dialogue Forum bringing together India-Brazil-South Africa in 2003 and the BRICS forum in 2008 are some of the most important of these initiatives. Policymakers in these emerging states prefer to join or create mini-lateral selective groupings as they consider the bigger inclusive groupings like the G77 to be less productive and the emerging states to have similar global aspirations.

Brazil and Africa: cooperation for endogenous development?

Pretoria:  Hardly a year since the first BRICS Summit hosted in Africa, Brazil has announced bold plans to emasculate its development cooperation with Africa, with a strong focus on debt write-off, targeted aid in productive areas of the economy and technology transfer. Brazil has already written off R9 billion (US$900 million) worth of debt in 12 African countries since the Summit and has invested substantial amounts of capital in economic opportunities in Africa. It sees close economic relations with Africa as important not just because every other emerging power now does, but also because the ties are fashioned in a long history of relations dating back to slave trade. The question is of what significance is this for Africa’s own development agenda and how will Africa respond to this in order to also benefit?

Brazil, Angola outline strategies for AP-CPLP

Luanda:  The Parliament of Brazil has pledged readiness to assist Angola with the leadership of the Parliamentary Assembly of the Portuguese Speaking Countries Community (AP- CPLP ) and move trade relations between the two states forward. This was stated Wednesday in Luanda by Brazilian Congresswoman, Janete Rocha Pieta, who stressed her country's readiness, as "brothers " to create a strategic bridge leading to the development of the community.

Nigeria, Brazil sign MoU on trade and investment

Abuja:   Nigeria and Brazil on Tuesday in Abuja signed a Memorandum of Understanding to strengthen their bilateral cooperation on trade and investment. Mr Olusegun Aganga, the Minister of Industry, Trade and Investment, signed on behalf of Nigeria, while Mr Ricardo Shaefer, his Brazilian counterpart on Development, Industry and Foreign Trade, signed for his country. The agreement aims at enhancing and strengthening bilateral cooperation on the promotion and facilitation of trade and investment between both countries.

BRICS-Africa trade update

Johannesburg:  Last year BRICS-Africa trade reached USD301 billion (bn), up 3.8% from USD290bn in 2011. While still impressive, seen in the context of the general rise in BRICS-Africa trade since 2003, last year’s lift is fairly modest. And, with the exception of the generalised trade retreat in 2009, is the lowest annual increase in BRICS-Africa trade since 2000. Thus far in 2013, a renewed and dramatic annual rise in BRICS-Africa trade seems unlikely: in the first six months of this year BRICS-Africa trade amounted to USD172bn, up modestly from USD165bn at the same point in 2012.

China to increase share while new comers join PTA Bank

Addis Ababa:  The Eastern and Southern African Trade and Development Bank, known as PTA Bank, has approved China, the first non-African member state of the bank, to increase share and others to join the bank. The new members to join the bank include South Korea, Belarus, Brazil, and Malaysia as well as all African countries that are interested in joining the bank. At the conclusion of the bank's 29th annual general meeting in Addis Ababa, Ethiopia, on Friday, Admassu Tadesse, President of the Bank, told Xinhua that the bank has decided to increase its capital and has invited China to take additional share in the bank.

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