Africa-Brazil ties, Brazil main investor in Africa now
Post date: Jul 10, 2010 3:55:55 PM
Rising living standards, 200m Africans will shop more
China, Brazil and South Africa
all try to expand their capital in Africa
Brazilian companies have picked up on this trend
and boosted exports of beef, sugar, cereals, vehicles, agricultural equipment and iron-ore.
Exports totalled $9bn in 2009.
$25bn a year, trade between Brazil and Africa
is a quarter of the volume of China's trade with the continent.
During his talks in Tanzania, President Lula noted that China brought in Chinese people to work on projects in Africa.
Brazilian mining company Vale,
which lost out to Chinese firm Chinalco for a contract in Gabon in 2006, would proceed differently, he said.
"Vale will come here, will bring investment, create jobs and hire workers from Tanzania," President Lula told a business seminar there.
Indian companies like car manufacturer Tata Motors are also pouring money into Africa and sold goods worth $15bn
McKinsey estimates that,
thanks to rising living standards, 200m Africans will shop for more and more consumer goods in the next five years.
source: news.bbc.co.uk
We share physical, spiritual and cultural traces which make Brazil the second biggest African nation in the world
President Lula
African-Brazilian university Ceara Brazil
President Lula has also unveiled plans for an African-Brazilian university, to be located in the state of Ceara in north-east Brazil, which would offer places to 5,000 African students and 5,000 from Brazil.