Alcoa Buys South32 Aluminum Assets for $4.1bn, Deepening Brazil
Alcoa will buy South32 bauxite, alumina and aluminum assets for about four billion dollars, taking full control of Brazil's Alumar...
July 1, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
South Africa Signs a $14 Billion Afreximbank Programme
Afreximbank and South Africa signed a $14 billion country programme on 20 June 2026 to fund industrialisation, beneficiation and intra-African...
July 1, 2026
Kenya Overtakes Nigeria as Africa’s Startup Capital
Kenya startup funding has overtaken Nigeria, with $984 million raised in 2025 and the country leading Africa's $1.5 billion of...
July 1, 2026
Morocco Rewires Its Capital Market to Court Global Money
Morocco capital market Law 03.25 replaces 1990s rules, adding REITs, sukuk and green bonds as Casablanca targets North Africa's top...
July 1, 2026
Colombia Raises Its Interest Rate to 12%, Bucking Latin America’s Easing Trend
Colombia's central bank raised its benchmark rate 75bp to 12% on June 30—275bp above January's level. Here's what the split...
July 1, 2026
Ghana-UK Growth Partnership: A £215M Investment Push
The Ghana-UK Growth Partnership, a £215 million deal signed in London, targets jobs, AI, trade and infrastructure across 2026 to...
June 30, 2026
Rawbank, Congo’s Biggest Bank, Eyes Regional Expansion
Rawbank, Congo's largest bank, earned $232M net profit in 2025—up 9%—with $6.82B in assets and a $300M copper mining bet...
June 30, 2026
Egypt’s Nassef Sawiris Bids to Take OCI Global Private
Nassef Sawiris offers €4.10/share in cash to buy OCI Global's remaining 41.72% stake, valuing the chemicals group at €867M with...
June 30, 2026
Why Markets Are Pricing a “Godzilla” Weather Risk in Brazil
US forecasters set 63% odds of a very strong El Niño. Here's how El Niño Brazil markets risk could slash...
June 30, 2026