IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL5.15▼ 0.03% USD/MXN17.32▼ 0.06% USD/CLP903.15▲ 0.19% USD/COP3,444▲ 0.22% USD/PEN3.38▼ 0.01% USD/ARS1,463▼ 0.03% USD/UYU39.97▲ 0.72% USD/PYG6,069▲ 1.51% USD/BOB6.86▲ 1.80% USD/DOP58.23▼ 0.03% USD/CRC450.55▲ 2.15% USD/GTQ7.62▲ 2.27% USD/HNL26.67▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES610.90▲ 4.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 0.41% USD/TTD6.70▲ 0.56% EUR/BRL5.90▼ 0.46% BRENT 79.47 ▼ 0.48% WTI 75.71 ▼ 1.16% IRON ORE 161.91 — — COPPER 6.36 ▼ 0.29% GOLD 4,216 ▼ 0.20% SILVER 66.08 ▼ 0.26% SOY 1,145 ▲ 2.00% CORN 444.00 ▲ 6.35% WHEAT 615.00 ▲ 1.53% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 64,441 ▲ 0.31% ETH 1,742 ▲ 0.18% SOL 74.31 ▲ 1.55% XRP 1.14 ▼ 0.54% BNB 592.50 ▲ 0.83% ADA 0.16 ▼ 1.27% DOGE 0.08 — 0.00% AVAX 6.26 ▲ 0.43% LINK 7.95 ▼ 0.29% DOT 0.96 ▼ 0.53% LTC 45.24 ▲ 1.68% BCH 200.26 ▲ 0.23% TRX 0.33 ▲ 0.46% XLM 0.21 ▼ 0.60% HBAR 0.08 ▼ 1.54% NEAR 2.16 ▼ 1.43% ATOM 1.78 ▼ 1.17% AAVE 75.93 ▼ 0.19% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16% EGX 52,679 ▲ 1.21% USD/ZAR16.40▼ 0.02% USD/NGN 1,358 — 0.00% NIKKEI 72,509 ▲ 1.77% CSI300 4,942 ▲ 0.21% HSI 23,925 — 0.00% NIFTY 24,013 ▼ 0.64% KOSPI 9,191 ▲ 1.53% JCI 6,177 ▲ 0.08% USD/JPY161.48▲ 0.11% USD/CNY 6.7679 — 0.00% DAX 24,986 ▼ 0.16% CAC 8,421 ▼ 0.55% FTSE 10,363 ▼ 0.35% MIB 52,849 ▲ 0.31% IBEX 19,347 ▼ 0.29% STOXX 635.61 ▼ 0.24% EUR/USD1.15▲ 0.02% GBP/USD1.32▼ 0.09% SPX 7,501 ▲ 1.08% DJI 51,565 ▲ 0.14% NDX 30,406 ▲ 2.48% RUT 2,980 ▲ 2.12% TSX 34,857 ▼ 0.32% VIX 16.78 ▲ 2.32% USD/CAD1.42▲ 0.13% US10Y 4.4510 — 0.00% IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 57,309.08 ▲ 1.03% USD/BRL 5.15 ▼ 0.03% USD/MXN 17.32 ▼ 0.06% USD/CLP 903.15 ▲ 0.19% USD/COP 3,444 ▲ 0.22% USD/PEN 3.38 ▼ 0.01% USD/ARS 1,463 ▼ 0.03% USD/UYU 39.97 ▲ 0.72% USD/PYG 6,069 ▲ 1.51% USD/BOB 6.86 ▲ 1.80% USD/DOP 58.23 ▼ 0.03% USD/CRC 450.55 ▲ 2.15% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.67 ▲ 1.34% USD/NIO 36.62 — 0.00% USD/VES 610.90 ▲ 4.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 0.41% USD/TTD 6.70 ▲ 0.56% EUR/BRL 5.90 ▼ 0.46% BRENT 79.47 ▼ 0.48% WTI 75.71 ▼ 1.16% IRON ORE 161.91 — — COPPER 6.36 ▼ 0.29% GOLD 4,216 ▼ 0.20% SILVER 66.08 ▼ 0.26% SOY 1,145 ▲ 2.00% CORN 444.00 ▲ 6.35% WHEAT 615.00 ▲ 1.53% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 0.64% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 308.21 ▲ 2.26% OMA 238.13 ▼ 3.57% KOF 181.26 ▼ 4.57% GRUMA 287.07 ▼ 0.56% KIMBER 38.37 ▲ 3.84% SQM-B 73,200 ▲ 1.74% COPEC 5,860 ▼ 0.02% BSANTANDER 74.00 ▲ 0.41% FALABELLA 6,065 ▼ 0.56% ENELAM 82.51 ▲ 9.58% CENCOSUD 2,116 ▼ 2.06% CMPC 1,041 ▼ 1.32% BANCO CHILE 180.01 ▼ 1.35% LATAM AIR 25.25 ▲ 0.52% YPF 76,425 ▲ 0.39% GGAL 8,260 ▼ 2.82% PAMPA 5,190 ▼ 0.57% TXAR 674.50 ▼ 0.88% ALUAR 1,000 ▼ 0.99% TGS 9,730 ▲ 2.21% CEPU 2,393 ▲ 1.36% MIRGOR 16,850 ▲ 0.15% COME 45.48 ▼ 0.70% LOMA NEGRA 3,550 ▼ 0.91% BYMA 318.00 ▼ 2.00% TELECOM ARG 4,165 ▼ 0.77% ECOPETROL 16.58 ▲ 5.81% BANCOLOMBIA 81.45 ▲ 1.89% GRUPO AVAL 5.75 ▲ 3.05% CREDICORP 382.76 ▼ 1.08% SOUTHERN COPPER 192.93 ▲ 0.65% BUENAVENTURA 32.58 ▼ 4.85% MERCADOLIBRE 1,635 ▲ 0.20% NUBANK 12.71 ▼ 1.40% XP 15.30 ▼ 0.78% PAGSEGURO 8.82 ▼ 1.01% STONE 10.59 ▼ 1.67% GLOBANT 30.74 ▼ 11.18% TECNOGLASS 45.97 ▲ 1.86% GAP AIRPORT 254.31 ▲ 2.30% ASUR 308.21 ▲ 2.26% OMA AIRPORT 114.00 ▲ 2.21% AMX ADR 26.46 ▲ 0.04% FEMSA ADR 126.47 ▲ 0.72% CEMEX ADR 12.73 ▲ 1.03% PETROBRAS ADR 16.75 ▼ 0.24% VALE ADR 15.42 ▼ 0.71% ITAU ADR 7.79 ▼ 2.26% SANTANDER BR 5.20 ▼ 3.17% AMBEV ADR 3.12 ▼ 0.64% CSN 1.03 ▼ 8.04% GERDAU 4.17 ▼ 7.13% LATAM ADR 55.85 ▲ 2.40% BTC 64,441 ▲ 0.31% ETH 1,742 ▲ 0.18% SOL 74.31 ▲ 1.55% XRP 1.14 ▼ 0.54% BNB 592.50 ▲ 0.83% ADA 0.16 ▼ 1.27% DOGE 0.08 — 0.00% AVAX 6.26 ▲ 0.43% LINK 7.95 ▼ 0.29% DOT 0.96 ▼ 0.53% LTC 45.24 ▲ 1.68% BCH 200.26 ▲ 0.23% TRX 0.33 ▲ 0.46% XLM 0.21 ▼ 0.60% HBAR 0.08 ▼ 1.54% NEAR 2.16 ▼ 1.43% ATOM 1.78 ▼ 1.17% AAVE 75.93 ▼ 0.19% SELIC 14.25% EMBRAER 79.20 ▲ 0.41% EMBRAER ADR 60.70 ▼ 0.99% JBS 11.93 ▼ 2.37% JBS BDR 59.52 ▼ 3.72% MBRF3 15.28 ▼ 1.10% MBRFY 2.96 — 0.00% INTER 5.44 ▼ 2.16% EGX 52,679 ▲ 1.21% USD/ZAR 16.41 ▲ 0.09% USD/NGN 1,358 — 0.00% NIKKEI 72,509 ▲ 1.77% CSI300 4,942 ▲ 0.21% HSI 23,925 — 0.00% NIFTY 24,013 ▼ 0.64% KOSPI 9,191 ▲ 1.53% JCI 6,177 ▲ 0.08% USD/JPY 161.46 ▲ 0.11% USD/CNY 6.7679 — 0.00% DAX 24,986 ▼ 0.16% CAC 8,421 ▼ 0.55% FTSE 10,363 ▼ 0.35% MIB 52,849 ▲ 0.31% IBEX 19,347 ▼ 0.29% STOXX 635.61 ▼ 0.24% EUR/USD 1.1472 ▲ 0.03% GBP/USD 1.3227 ▼ 0.08% SPX 7,501 ▲ 1.08% DJI 51,565 ▲ 0.14% NDX 30,406 ▲ 2.48% RUT 2,980 ▲ 2.12% TSX 34,857 ▼ 0.32% VIX 16.78 ▲ 2.32% USD/CAD 1.4175 ▲ 0.18% US10Y 4.4510 — 0.00%
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Monday, June 22, 2026

Brazil Rekindles African Partnership Amid Global Rivalry

By · December 4, 2023 · 2 min read

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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.

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)
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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.

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