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Kirsten Newitt

Brazil gains business and influence as it offers aid and loans in Africa - 0 views

  • Brazil, which has more people of African descent than any other country outside of Africa itself, is assertively raising its profile again on the continent, building on historical ties from the time of the Portuguese empire.
  • The charm offensive is paying off in surging trade flows between Brazil and Africa, growing to $27.6 billion in 2011 from $4.3 billion in 2002.
  • Some of Brazil’s biggest inroads, predictably, are in Portuguese-speaking countries like Angola, where the Brazilian construction company Odebrecht ranks among the largest employers, and Mozambique, where the mining giant Vale has begun a $6 billion coal expansion project.
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  • But Brazilian companies are also scouring other parts of Africa for opportunities, putting down stakes in Guinea and Nigeria. A leading Brazilian investment bank, BTG Pactual, started a $1 billion fund in May focused on investing in Africa. New links are also emerging, including Brazilian farming ventures in Sudan; a flight from Addis Ababa, Ethiopia’s capital, to São Paulo; and a fiber optic cable connecting northeast Brazil to West Africa.
Stuart Bell

Brazil: from decent consumption to decent work - 1 views

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    Alastair Usher blogs on decent work in Brazil
Kirsten Newitt

China and ILO sign South-South cooperation agreement - 0 views

  • Under the “Partnership Agreement for Promoting Technical Cooperation with a Focus on South-South Initiatives”, the People’s Republic of China is committing US$1 million over three years to support South-South cooperation and the Decent Work agenda. The Ministry of Human Resources and Social Security of the People’s Republic of China will assist developing countries in Asia promote full employment and decent work, through innovative technical cooperation projects that will facilitate the dissemination of good practices.
  • The agreement makes China the second of the so-called BRICS countries (Brazil, China, India, the Russian Federation, and South Africa) to sign a South-South agreement with the ILO.
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