Notícias

In the last week, it was held in Johannesburg the Brazil-Africa Leadership Forum, an event sponsored by the Financial Times to discuss the perspectives of this business stream which rises every year. The Director of Chamber of Commerce, Industry and Agriculture Brazil-Mozambique – CCIABM,  Paulo Rage was one of the invited debaters and analyzed the current investments, its trends and the comparison with the investments from other countries, especially China and India

Rage emphasized that the bilateral trade flow between Brazil and Africa, which grew 410% in 10 years, has a greater volume with Angola, South Africa, Algeria and Nigeria. In regards to investments, great attention and flow of Brazilian capital has been directed to Mozambique, Angola and South Africa, highlighting projects of Brazilian companies such as Vale, Petrobras, Odebrecht, OAS, AG, Camargo Correa, Fidens, Marcopolo, among others, as well as cooperation projects led by Embrapa and Fiocruz.

Moreover, the Director of CCIABM made ​​an important parallel between Brazilian investments and investments made by other countries, explaining that Brazilian projects tend to bring great long-term benefits for African countries. Despite the highly competitive price, in the short term, of the other BRICS’ investors, the projects of Brazilian companies focus very much on its sustainability in the medium and long term, with the strong contingent of technology transfer and training of local workforce.

Paulo Rage analyzes the Brazilian investments in Africa during Brazil-Africa Leadership Forum

 

According to him, every cross-border transaction project of Brazilian companies already starts avoiding to send Brazilians expatriates, whose costs are quite expensive, stimulating the use of the local workforce. This happens with investments across the globe, and it would be no different for projects in Africa. It was also highlighted by the debater that the low economic growth of the Brazilian market has certainly driven companies to invest in the African market, whose growth figures have been much larger. It was also remembered by Rage the important role of Vale in the case of Mozambique, where it is noticed a structured presence or in process of structuring of over 50 Brazilian companies, of which at least 35 were initially encouraged to invest in the country by invitation of Vale, as its suppliers, but after having established in the country grew for a sustainable operation, with new customers and long-lasting partnerships with local companies.

Besides being a lawyer and Director of the Chamber of Commerce, Industry and Agriculture Brazil-Mozambique, Paulo Rage has extensive experience in the legal structuring of Brazilian investments in Africa and in proposing Treaties and other legal instruments for mutual investment promotion, having worked on projects in many countries, especially: Mozambique, Angola, South Africa, Malawi, Equatorial Guinea and Nigeria.