IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,845.28 ▼ 0.12% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL5.14▼ 0.14% USD/MXN17.15▲ 0.05% USD/CLP959.00▲ 1.75% USD/COP3,106▲ 0.87% USD/PEN3.36▼ 0.07% USD/ARS1,508▼ 0.02% USD/UYU40.20▲ 3.11% USD/PYG5,985▲ 4.40% USD/BOB11.45▼ 5.26% USD/DOP58.60▲ 2.80% USD/CRC444.07▲ 1.82% USD/GTQ7.62▲ 3.09% USD/HNL26.85▲ 3.31% USD/NIO36.62▲ 2.77% USD/VES840.10▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.48% EUR/BRL5.93▼ 0.28% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,845.28 ▼ 0.12% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 15, 2026

Brazil Angola

Brazil’s Renewed Focus on Africa

By · February 1, 2024 · 2 min read

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Brazil is ramping up its diplomatic efforts in Africa, a key region in President Luiz Inácio Lula da Silva’s global strategy.

Brazil’s limited presence in Africa, with just nine of its 35 embassies having one diplomat each, reflects the region’s understaffing.

President Lula’s dedication to Africa, shown in his earlier terms, aims to bolster ties, especially in infrastructure, energy, and mining.

His recent visit to South Africa, Angola, and São Tomé and Príncipe with business leaders targeted boosting Brazilian infrastructure businesses.

In Luanda, Lula emphasized the need for continuous engagement with Africa, noting the stagnation of Brazilian exports since 2011.

Internal crises like the Operation Car Wash scandal and previous administrations’ neglect reduced Brazil’s corporate presence and investment in Africa.

Brazil's Renewed Focus on Africa.
Brazil’s Renewed Focus on Africa.
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This void allowed China and India to increase their investments in the region.

Brazil’s exports to Africa in 2022 remained close to the 2011 figure, highlighting a need for renewed focus.

President Lula’s current strategy aims to rejuvenate Brazil’s role in Africa, addressing the lack of substantial investment projects.

The Ministry of Foreign Affairs is set to fill diplomatic vacancies as part of a policy shift, encouraging diplomats to serve in under-represented countries.

Restructuring of 86 diplomatic roles

An internal memo in January 2024 announced a restructuring of 86 diplomatic roles, adhering to the 2006 foreign service law.

This reform grants diplomats more freedom in choosing their postings but aims to address staffing shortages in less attractive embassies.

Scheduled changes between June and August will see affected diplomats return to Brazil, with promotions prioritized for those in Brasília or filling vacant positions.

Lula’s forthcoming trip to Egypt and Ethiopia underscores his commitment to strengthening African ties.

This renewed focus is crucial for Brazil’s global influence, economic interests, and international priorities, potentially opening new avenues for trade and cooperation.

This strategic pivot is essential for Brazil’s future diplomatic and economic landscape.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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