Browsing: Lula

brazil
  • As of 2021, the value of Brazil-Africa trade was $7.4 billion, being 56 percent drop from $17 billion in 2011.
  • Brazil’s energy giant Petrobas left Africa in 2020, selling off its subsidiary, Petrobas and Gas BV.
  • President Lula: “Brazil would not be what it is today without the participation of millions of Africans”.

The Brazilian Trade and Investment Promotion Agency (ApexBrasil) has mapped out potential investment and trade opportunities across Africa, a pointer to a new era of economic relations between the two regions that literally sit on opposite sides of the south Atlantic Ocean.

The move is part of the organ’s broader efforts to promote Brazilian products and services abroad and attract foreign investments to strategic sectors.

Historically, it is only fair that Brazil increases its economic and bilateral relations with Africa, a continent where over half of her population trace their origin.

After a recent major drop in …