Brazil’s economic engagement with Africa
Africa offers Brazil an opportunity to expand its bilateral technical cooperation and to revolutionise renewable energy production – in particular biofuels, where it has assumed a global leadership. Given Brazil’s technical expertise in a range of areas relevant to Africa’s development needs (e.g. agricultural research, social protection, anti-retroviral treatment), it can play an important role in contributing to the continent’s socioeconomic development. This paper explores both the current nature and possible future orientations of Brazil’s economic, commercial and financial relationships with the African countries. The focus of the paper is to assess the volume and trend of trade commodities between Brazil and African countries; to determine the nature of Brazilian investments in Africa; and to scope the benefits of Brazil’s technical cooperation.