IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.07▲ 0.05% USD/MXN17.36▼ 0.39% USD/CLP924.13▼ 0.26% USD/COP3,216▼ 0.62% USD/PEN 3.39 — 0.00% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.52% BRENT 84.40 ▼ 0.39% WTI 79.00 ▼ 0.43% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.73% GOLD 4,070 ▲ 0.23% SILVER 57.98 ▼ 1.36% SOY 1,200 ▼ 0.58% CORN 469.25 ▲ 8.18% WHEAT 678.50 ▲ 7.49% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.00 ▼ 0.18% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.10 ▼ 0.57% CATTLE 344.60 ▼ 1.20% LITHIUM 71.05 ▼ 0.74% PETR4 40.39 ▼ 0.66% VALE3 74.77 ▲ 1.03% ITUB4 43.25 ▼ 0.87% BBDC4 18.63 — 0.00% ABEV3 15.54 ▼ 1.71% BBAS3 20.65 ▲ 0.29% B3SA3 15.83 ▲ 3.26% WEGE3 44.00 ▼ 0.45% PRIO3 57.39 ▼ 0.31% SUZB3 41.51 ▲ 0.97% RENT3 40.44 ▼ 0.25% AZZA3 18.76 ▼ 0.48% CSAN3 3.97 ▲ 2.06% RAIZ4 0.31 — 0.00% PCAR3 2.46 ▲ 0.41% GMAT3 3.97 ▲ 0.25% PSSA3 55.26 ▲ 1.79% CVCB3 1.35 ▼ 2.17% POSI3 3.91 ▼ 2.01% SLCE3 13.44 ▼ 2.68% NATU3 8.69 ▲ 1.64% BRKM5 6.41 ▼ 6.15% RANI3 8.01 — 0.00% CSNA3 5.18 ▼ 0.38% CMIN3 5.18 ▲ 1.57% USIM5 8.12 ▼ 1.34% GGBR4 23.98 ▲ 2.83% ENEV3 27.10 ▼ 0.26% CPFE3 46.99 ▼ 0.44% CMIG4 11.16 ▼ 0.36% EQTL3 40.58 ▼ 0.90% LREN3 14.13 ▼ 1.12% VIVT3 35.53 ▲ 0.03% RAIL3 14.02 ▼ 0.78% KLABIN 17.43 ▲ 0.64% RAIA DROGASIL 18.64 ▲ 0.22% RDOR3 36.08 ▲ 0.08% HAPV3 10.94 ▼ 2.23% FLRY3 16.46 ▲ 0.30% SMTO3 15.43 ▼ 4.28% UGPA3 30.79 ▲ 2.26% VBBR3 33.57 ▲ 0.81% BBSE3 40.63 ▲ 0.59% BPAC11 57.37 ▼ 1.00% CURY3 33.08 ▼ 1.52% AERI3 2.03 ▼ 1.93% VIVARA 23.36 ▼ 0.30% COMPASS 25.00 ▼ 0.79% VAMOS 3.10 ▼ 1.59% ASAI3 8.73 ▲ 0.81% SBSP3 30.09 ▼ 0.82% WALMEX 49.98 ▲ 1.44% GMEXICO 200.64 ▲ 0.54% FEMSA 224.58 ▼ 2.07% CEMEX 22.71 ▲ 2.30% GFNORTE 185.06 ▼ 0.61% BIMBO 57.53 ▲ 2.08% TELEVISA 9.60 ▲ 0.73% AMX 22.78 ▼ 0.31% GAP 398.29 ▲ 0.77% ASUR 284.31 ▲ 3.16% OMA 237.30 ▲ 0.97% KOF 178.30 ▼ 0.88% GRUMA 280.92 ▲ 0.54% KIMBER 38.81 ▲ 0.96% SQM-B 65,750 ▼ 3.17% COPEC 6,212 ▲ 0.04% BSANTANDER 77.68 ▼ 1.22% FALABELLA 5,890 ▲ 0.26% ENELAM 84.87 ▼ 1.03% CENCOSUD 2,005 ▼ 1.72% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.28 ▼ 1.17% LATAM AIR 25.38 ▲ 1.93% YPF 77,800 ▲ 0.03% GGAL 8,160 ▲ 3.16% PAMPA 5,195 ▼ 0.67% TXAR 667.50 ▲ 0.83% ALUAR 960.50 ▲ 1.21% TGS 9,750 ▲ 0.41% CEPU 2,347 ▲ 0.86% MIRGOR 16,750 — 0.00% COME 45.70 ▼ 0.11% LOMA NEGRA 3,580 ▲ 1.34% BYMA 301.50 ▲ 0.17% TELECOM ARG 4,363 ▲ 0.69% ECOPETROL 16.11 ▼ 0.31% BANCOLOMBIA 82.00 ▼ 0.12% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 399.25 ▲ 1.79% SOUTHERN COPPER 180.60 ▼ 0.98% BUENAVENTURA 30.99 ▼ 0.13% MERCADOLIBRE 1,848 ▼ 1.41% NUBANK 14.14 ▲ 1.04% XP 17.11 ▲ 1.39% PAGSEGURO 9.23 ▼ 0.59% STONE 11.33 ▲ 0.22% GLOBANT 31.87 ▲ 3.07% TECNOGLASS 45.58 ▲ 3.05% GAP AIRPORT 229.51 ▲ 1.58% ASUR 284.31 ▲ 3.16% OMA AIRPORT 109.20 ▲ 1.44% AMX ADR 26.25 ▲ 0.27% FEMSA ADR 129.32 ▼ 2.89% CEMEX ADR 13.15 ▲ 2.70% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.71 ▲ 0.79% ITAU ADR 8.51 ▼ 0.47% SANTANDER BR 5.41 ▲ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.02 ▼ 0.97% GERDAU 4.75 ▲ 3.04% LATAM ADR 55.18 ▲ 3.12% BTC 64,949 ▼ 0.01% ETH 1,927 ▲ 2.00% SOL 77.77 ▲ 0.01% XRP 1.12 ▲ 0.45% BNB 579.66 ▼ 0.36% ADA 0.16 ▼ 0.38% DOGE 0.07 ▼ 0.38% AVAX 6.71 ▲ 0.19% LINK 8.54 ▲ 2.39% DOT 0.85 ▲ 0.15% LTC 45.24 ▼ 0.43% BCH 228.13 ▼ 3.54% TRX 0.32 ▼ 0.28% XLM 0.19 ▲ 2.07% HBAR 0.07 — 0.00% NEAR 2.07 ▲ 2.93% ATOM 1.56 ▲ 0.13% AAVE 96.84 ▼ 2.07% SELIC 14.25% EMBRAER 81.72 ▼ 0.93% EMBRAER ADR 64.33 ▼ 0.89% JBS 12.06 ▲ 1.90% JBS BDR 61.02 ▲ 2.13% MBRF3 15.16 ▼ 5.78% MBRFY 3.02 ▼ 3.82% INTER 5.66 ▼ 0.70% SANB11 27.23 ▼ 0.40% IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.07 ▲ 0.05% USD/MXN 17.36 ▼ 0.39% USD/CLP 924.08 ▼ 0.27% USD/COP 3,217 ▼ 0.59% USD/PEN 3.39 — 0.00% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.10% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.12% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.52% BRENT 84.40 ▼ 0.39% WTI 79.00 ▼ 0.43% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.73% GOLD 4,070 ▲ 0.23% SILVER 57.98 ▼ 1.36% SOY 1,200 ▼ 0.58% CORN 469.25 ▲ 8.18% WHEAT 678.50 ▲ 7.49% COFFEE 324.50 ▼ 3.77% SUGAR 14.86 ▼ 0.13% ORANGE JUICE 140.00 ▼ 0.18% COTTON 82.13 ▲ 3.18% COCOA 5,917 ▲ 4.54% BEEF 230.10 ▼ 0.57% CATTLE 344.60 ▼ 1.20% LITHIUM 71.05 ▼ 0.74% PETR4 40.39 ▼ 0.66% VALE3 74.77 ▲ 1.03% ITUB4 43.25 ▼ 0.87% BBDC4 18.63 — 0.00% ABEV3 15.54 ▼ 1.71% BBAS3 20.65 ▲ 0.29% B3SA3 15.83 ▲ 3.26% WEGE3 44.00 ▼ 0.45% PRIO3 57.39 ▼ 0.31% SUZB3 41.51 ▲ 0.97% RENT3 40.44 ▼ 0.25% AZZA3 18.76 ▼ 0.48% CSAN3 3.97 ▲ 2.06% RAIZ4 0.31 — 0.00% PCAR3 2.46 ▲ 0.41% GMAT3 3.97 ▲ 0.25% PSSA3 55.26 ▲ 1.79% CVCB3 1.35 ▼ 2.17% POSI3 3.91 ▼ 2.01% SLCE3 13.44 ▼ 2.68% NATU3 8.69 ▲ 1.64% BRKM5 6.41 ▼ 6.15% RANI3 8.01 — 0.00% CSNA3 5.18 ▼ 0.38% CMIN3 5.18 ▲ 1.57% USIM5 8.12 ▼ 1.34% GGBR4 23.98 ▲ 2.83% ENEV3 27.10 ▼ 0.26% CPFE3 46.99 ▼ 0.44% CMIG4 11.16 ▼ 0.36% EQTL3 40.58 ▼ 0.90% LREN3 14.13 ▼ 1.12% VIVT3 35.53 ▲ 0.03% RAIL3 14.02 ▼ 0.78% KLABIN 17.43 ▲ 0.64% RAIA DROGASIL 18.64 ▲ 0.22% RDOR3 36.08 ▲ 0.08% HAPV3 10.94 ▼ 2.23% FLRY3 16.46 ▲ 0.30% SMTO3 15.43 ▼ 4.28% UGPA3 30.79 ▲ 2.26% VBBR3 33.57 ▲ 0.81% BBSE3 40.63 ▲ 0.59% BPAC11 57.37 ▼ 1.00% CURY3 33.08 ▼ 1.52% AERI3 2.03 ▼ 1.93% VIVARA 23.36 ▼ 0.30% COMPASS 25.00 ▼ 0.79% VAMOS 3.10 ▼ 1.59% ASAI3 8.73 ▲ 0.81% SBSP3 30.09 ▼ 0.82% WALMEX 49.98 ▲ 1.44% GMEXICO 200.64 ▲ 0.54% FEMSA 224.58 ▼ 2.07% CEMEX 22.71 ▲ 2.30% GFNORTE 185.06 ▼ 0.61% BIMBO 57.53 ▲ 2.08% TELEVISA 9.60 ▲ 0.73% AMX 22.78 ▼ 0.31% GAP 398.29 ▲ 0.77% ASUR 284.31 ▲ 3.16% OMA 237.30 ▲ 0.97% KOF 178.30 ▼ 0.88% GRUMA 280.92 ▲ 0.54% KIMBER 38.81 ▲ 0.96% SQM-B 65,750 ▼ 3.17% COPEC 6,212 ▲ 0.04% BSANTANDER 77.68 ▼ 1.22% FALABELLA 5,890 ▲ 0.26% ENELAM 84.87 ▼ 1.03% CENCOSUD 2,005 ▼ 1.72% CMPC 1,081 ▼ 1.99% BANCO CHILE 187.28 ▼ 1.17% LATAM AIR 25.38 ▲ 1.93% YPF 77,800 ▲ 0.03% GGAL 8,160 ▲ 3.16% PAMPA 5,195 ▼ 0.67% TXAR 667.50 ▲ 0.83% ALUAR 960.50 ▲ 1.21% TGS 9,750 ▲ 0.41% CEPU 2,347 ▲ 0.86% MIRGOR 16,750 — 0.00% COME 45.70 ▼ 0.11% LOMA NEGRA 3,580 ▲ 1.34% BYMA 301.50 ▲ 0.17% TELECOM ARG 4,363 ▲ 0.69% ECOPETROL 16.11 ▼ 0.31% BANCOLOMBIA 82.00 ▼ 0.12% GRUPO AVAL 5.03 ▲ 1.62% CREDICORP 399.25 ▲ 1.79% SOUTHERN COPPER 180.60 ▼ 0.98% BUENAVENTURA 30.99 ▼ 0.13% MERCADOLIBRE 1,848 ▼ 1.41% NUBANK 14.14 ▲ 1.04% XP 17.11 ▲ 1.39% PAGSEGURO 9.23 ▼ 0.59% STONE 11.33 ▲ 0.22% GLOBANT 31.87 ▲ 3.07% TECNOGLASS 45.58 ▲ 3.05% GAP AIRPORT 229.51 ▲ 1.58% ASUR 284.31 ▲ 3.16% OMA AIRPORT 109.20 ▲ 1.44% AMX ADR 26.25 ▲ 0.27% FEMSA ADR 129.32 ▼ 2.89% CEMEX ADR 13.15 ▲ 2.70% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.71 ▲ 0.79% ITAU ADR 8.51 ▼ 0.47% SANTANDER BR 5.41 ▲ 0.28% AMBEV ADR 3.04 ▼ 1.62% CSN 1.02 ▼ 0.97% GERDAU 4.75 ▲ 3.04% LATAM ADR 55.18 ▲ 3.12% BTC 64,949 ▼ 0.01% ETH 1,927 ▲ 2.00% SOL 77.77 ▲ 0.01% XRP 1.12 ▲ 0.45% BNB 579.66 ▼ 0.36% ADA 0.16 ▼ 0.38% DOGE 0.07 ▼ 0.38% AVAX 6.71 ▲ 0.19% LINK 8.54 ▲ 2.39% DOT 0.85 ▲ 0.15% LTC 45.24 ▼ 0.43% BCH 228.13 ▼ 3.54% TRX 0.32 ▼ 0.28% XLM 0.19 ▲ 2.07% HBAR 0.07 — 0.00% NEAR 2.07 ▲ 2.93% ATOM 1.56 ▲ 0.13% AAVE 96.84 ▼ 2.07% SELIC 14.25% EMBRAER 81.72 ▼ 0.93% EMBRAER ADR 64.33 ▼ 0.89% JBS 12.06 ▲ 1.90% JBS BDR 61.02 ▲ 2.13% MBRF3 15.16 ▼ 5.78% MBRFY 3.02 ▼ 3.82% INTER 5.66 ▼ 0.70% SANB11 27.23 ▼ 0.40%
since 2009
Wednesday, July 15, 2026

Brazil Rekindles African Partnership Amid Global Rivalry

By · December 4, 2023 · 2 min read

Africa Intelligence

A daily Africa read from a Latin American newsroom. Free.

By subscribing you agree to our privacy policy. We never share your email.

Brazil is re-establishing its connections with Africa, signaling a major shift in its international approach.

Previously, Brazil and Africa shared robust economic and diplomatic bonds, with Brazilian enterprises contributing to significant projects across the continent.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

In 2013, bilateral trade between Brazil and Africa nearly reached $30 billion, a high point in their relationship.

This alliance has experienced ups and downs. The European Union once perceived Brazil’s growing ties with Africa as a competitive threat.

For example, Brazilian firm Odebrecht employed about 30,000 workers in Africa, generating substantial revenue.

Since 2015, Brazil’s internal crises have dramatically impacted its ties with Africa.

Last year, trade between Brazil and Africa was only a fraction of what it was nine years earlier, reflecting former President Jair Bolsonaro’s neglect of African relations.

Brazil Rekindles African Partnership Amid Global Rivalry. (Photo Internet reproduction)
Brazil Rekindles African Partnership Amid Global Rivalry. (Photo Internet reproduction)
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Currently, under President Lula’s advisor Celso Amorim, Brazil is refocusing its foreign policy on African nations for 2024.

This strategic shift aims to regain the lost momentum and revitalize Brazil’s historical connections with Africa.

Acacio Almeida from UFABC recalls the longstanding importance of Brazil-Africa relations, evident since Europe’s unease with Brazil’s presence in Africa in 2008.

The narrative portraying Brazil as Africa’s brother, rooted in shared Afro-descendant heritage, has faded.

Exploring technology, agriculture, and health sectors

Today, experts like Braulio André from the University of São Paulo advocate for broader engagement with Africa, exploring technology, agriculture, and health sectors.

Brazil’s reinvigorated interest in Africa emerges amid intense global competition, particularly from China and the United States.

Although Brazil cannot match China’s massive investments in Africa, it can contribute uniquely, especially in health care, as demonstrated by the Oswaldo Cruz Foundation.

This realignment isn’t solely about economic interests; it’s also about Brazil reclaiming its geopolitical significance, especially within BRICS.

It reflects Brazil’s recognition of the evolving global landscape, seeing Africa as a key collaborator for future development and cooperation.

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

More from Northern Africa

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.