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Brazil hones in on Nigeria

With Nigeria as its latest destination, Brazil appears keen to continue building ties with Africa. This is despite an already strong presence in the region, which is the top recipient of Brazilian aid and cooperation.

Brazil spent $22 million in aid to Africa in 2010 — 55 percent of the total project expenditure of the Brazilian Cooperation Agency, or ABC. Top recipients included Mozambique, Ghana, Angolo, Cape Verde, Guinea Bissau and Sao Tome and Principe. Benin, Tanzania and Kenya, meanwhile, are among some 35 other countries Brazil has pledged strong bilateral relations with, as Devex has reported, citing ABC head Marco Farani.

Nigeria now appears to be also on that list. The country is set to receive a group of Brazilian infrastructure companies to explore its investment climate as well as opportunities for public-private partnerships, the Nigerian Guardian says. In particular, companies will reportedly consider projects in the transport sector.

Meanwhile, Brazilian President Dilma Rouseff is scheduled for an official trip to Nigeria later this year, according to the African country’s ambassador to Brazil. If Rouseff’s trip to Africa last year is any indication, she is likely to announce renewed and expanded Brazilian involvement in the country.

Brazil’s focus on Africa reflects a trend among emerging donors, particularly of the so-called BRICS group that also includes Russia, India, China and South Africa. These countries, along with other new players such as South Korea, are increasingly offering alternative sources of aid and cooperation ties to the continent.

SourceDEVEX

Interested in reading more about South South Cooperation? Please refer to the following IPC- IG Publications:

The Role of South-South Cooperation in Inclusive and Sustainable Agricultural Development: Focus on Africa

South-South Cooperation in Times of Global Economic Crisis

South-South Cooperation – The Same Old Game or a New Paradigm?

Is the South Ready for South-South Cooperation?

 

 

 

Short URL: http://pressroom.ipc-undp.org/?p=12021

Posted by on Aug 9 2012. Filed under Featured News, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

1 Comment for “Brazil hones in on Nigeria”

  1. […] Though certainly dramatic, Rousseff’s Africa pivot is nothing new: Under predecessor Lula, Brazil opened an impressive 17 new embassies in the continent. The South American juggernaut’s giant corporations, which now operate in 21 African countries, have plunged into such diverse sectors as mining, oil exploration and tropical agriculture. Traditionally present in the Lusophone, or Portuguese-speaking African countries, Brazilian firms are now pushing into Francophone and even Anglophone nations such as Nigeria. […]

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