Moses Talemwa – All Africa, 11/6/2014
The emergence of Brazil, Russia, India, China, and South Africa (BRICS) as a strong economic bloc continues to spur global economic growth. Africa offers immense potential for the bloc with Brazil now ready to come to Uganda.
Moses Talemwa recently met Joao Bosco Monte, the chief executive of the Brazil-Africa Institute, who was in the country to check out investment opportunities of interest to Brazil.
When will Brazil follow in the footsteps of its peers in the BRIC and come to Uganda? Uganda should present itself to Brazil. Brazil is already close to Africa. Our former president Lula Da Silva set the agenda by stating that Africa is a priority. He led a delegation of businessmen to Africa and we have been investing there ever since. We have contacts with mostly Lusophone Africa – Angola, Mozambique, Cape Verde and Guinea Bissau. Now we are looking at other countries.
EFE – Fox News Latino, 09/10/2014
Brazilian immigration authorities denied Wednesday that they are blocking the entry of African immigrants due to fears that they might be carrying the Ebola virus, which has killed nearly 2,300 people in West Africa since March.
The Federal Police, who are responsible for border control, responded to press accounts that their agents are blocking the entry of immigrants from Africa in the Amazonian state of Acre, on the border with Peru and Bolivia.
“Immigration control in the state of Acre is functioning normally and there is no order to restrict the access of Africans to the national territory,” the Federal Police said in a statement. The force said that it will adopt the necessary disciplinary measures if it is verified that any of its agents have engaged in “irregularities” while handling African immigrants.
Briefing based on IRIBA working paper 7, “Institutions for macro stability: Inflation targets and fiscal responsibility,” by José Afonso and Eliane de Araújo – International Research Initiative on Brazil and Africa, 08/2014
In the 1960s, military governments promoted far reaching structural economic reforms, creating innovative and stable institutions based on standard international theories and best practice at the time.
In this context, the 1960s saw the launch of the Government Economic Action Plan (PAEG), which was intended to promote stabilisation and a return to growth. The fight against inflation took priority because it was impossible for the country to progress while suffering from hyperinflation.
With an initial focus on monetary institutions, financial reform was focused on creating long-term financing mechanisms, avoiding inflationary public sector financing, and re-attracting private sector investment to industry, in order to drive growth.
Claudia Valenzuela – Public Finance International, 7/22/2014
Growth, opportunity and potential have ricocheted across Brazil and the African continent in recent years. While other more mature markets are only just beginning to click into gear after the financial crisis, the economies of Brazil and Africa have enjoyed better times as a result of rising popularity with foreign investors, and burgeoning domestic markets driven by an expanding middle class and abundant natural reserves.
Africa, in particular, is picking up the pace. It’s perceived attractiveness relative to other regions has improved dramatically over the past few years, according to EY’s recent Africa attractiveness survey, moving from the third-from-last position in 2011 to become the second most attractive investment destination in the world. Its total share of global FDI projects has also reached the highest level in a decade, with investors increasingly looking across the continent and to new sectors.
An African horizon
While separated by the vast expanse of the southern Atlantic Ocean, the fact that, millions of years ago, Africa and Brazil were joined in a single landmass, and continue to share similarities in soil and climate, serves as a far more apt geographic metaphor. The increasingly close relationship between the two began during the Presidency of Luiz Inácio Lula da Silva, who himself traveled to Africa 12 times in the 1990s, visiting 21 countries in the process. This pattern has continued under his successor, Dilma Rousseff, who, for example, visited Angola, Mozambique and South Africa during her first year in office.
Fabiola Ortiz – All Africa, 7/21/2014
Scientific cooperation among the BRICS countries lags far behind its potential, according to Brazilian experts speaking after last week’s BRICS summit in Brazil.
The 6th Summit of Heads of State and of Government of BRICS – a multilateral forum of the emerging economies of Brazil, Russia, India, China and South Africa – held in Fortaleza and Brasília (14-16 July) has agreed to set up New Development Bank, which will emphasise social and economic inclusion.
The final declaration reinforces the commitment to strengthening cooperation in science, technology and innovation, and calls for “co-generating new knowledge and innovative products, services and processes utilising appropriate funding and investment instruments”.
Business Day, 7/21/2014
With more than 127 million active mobile subscriptions in Nigeria, Africa’s largest economy by GDP significantly lags behind fast growing economies of Brazil and South Africa in terms of telecommunications investment per capita, industry analysts have said.
According to World Bank, Nigeria invested an estimated $6.6 billion in telecoms infrastructure from 2010 through 2012, which works out to a total of about $40 per person. Brazil, on the other hand, has a telecoms investment per capita of $167. Between 2010 and 2012, Brazil and South Africa spent about $127 and $62 more per person, respectively, on telecoms infrastructure. As at March 2014, Brazil has a mobile subscription base of 273 million.
The country has a population of 201 million people. South Africa, on the other hand, has a mobile subscription base of 59.4 million. The country has a population of about 50 million people, according to the 2013 GSM African Mobile Observatory report.
Nicolas Pinault – Voice of America, 6/26/2014
Brazil is not only a dream destination for soccer fans from all over the world. The emerging power is also receiving more and more students from Africa. The country is more accessible than the U.S. or Europe, and African students can find better infrastructure here than they can at home.
With almost 40,000 students, the University of Brasilia is an institution in Brazil’s capital city. Among them are a hundred or so Africans who came to try the Brazilian adventure. Most of them are from Angola or Cape Verde, but you also find some Francophones from Ivory Coast and Democratic Republic of Congo.
“Here you have more facilities for the students, like the library,” said Congolese student Morgan Tshipampa Nganga Mayoyi. “Many other things you do not have at UNIKIN [University of Kinshasa]. The Brazilian government also helps the students with grants. So we have better conditions here than in Congo.”