Dangote Picks Kenya’s Lamu for a $17 Billion Refinery
Dangote Kenya refinery confirmed: Lamu will host a 700,000-barrel-a-day plant costing up to $17 billion, with soil tests and engineering...
July 9, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
A US Strike Likely Killed Two St Lucians. CARICOM Won’t Say Murder
Two Saint Lucians are believed dead in a February US strike on a boat. On CARICOM US strikes, Caribbean leaders...
July 9, 2026
Chile Power Bills Face 20% Regional Jump Over a $930m Debt
Chile's lower house backed a bill to settle a $930m Chile electricity debt. Some regions face power bills up to...
July 9, 2026
Chile Faces a 12.5% US Tariff. So Does Norway, Its Salmon Rival
A 12.5% Chile tariff lands on July 24 under US Section 301 law. But it hits 60 economies too, including...
July 9, 2026
Argentina Paid 44% of Its Year’s Dollar Debt in a Single Day
Argentina paid $4.39bn of dollar debt on July 9, about 44% of the year's total. See how the numbers and...
July 9, 2026
Brazil’s Farm Bailout Was Priced at $155bn. Now It’s $580m a Year
Brazil rural debt was priced at R$800bn, then R$140bn, and now R$2bn to R$3bn a year. Banks say the negotiation...
July 9, 2026
Brazil Says Paraguay’s Weight-Loss Pens Are Not the Same Drug
Lab tests found tirzepatide in smuggled Paraguay weight-loss pens, but Anvisa says that proves identity, not equivalence. Bioavailability was never...
July 9, 2026
Banco do Brasil Hands Its Own Debtor a $448m No-Bid Deal
Banco do Brasil signed a R$2.307bn ($448m) no-bid postal deal with Correios, a loss-making state firm it also lends to,...
July 9, 2026
The IMF Counted Votes on Venezuela. Britain Uses a Different Rule
On April 16 an IMF member vote restored Venezuela's access to $4.9bn, yet a Venezuela IMF split leaves 31 tonnes...
July 9, 2026