Sunday, August 28, 2016

BRAZIL:"Agro + plan is launched":

"Agro + plan is launched":
The Brazilian minister for agriculture, Blairo Maggi has introduced an ambitious plan for the agricultural sector. Agro + seeks the increase of the brazilian agrobusiness economic competitiveness and the watchword for this programme is debureaucratisation.
According to Maggi, Brazil has a great potencial, but it should improve a lot in this sector, since it has only been present in 42% of the global agricultural market. The main goal is having a bigger share in the global market.
This plan presents us three major lines of action:
- Transparency and partnership.
- Improvement of the regulatory process and technical standards.
- Simplify foreign trade.
In the meantime, all Brazilians are looking forward to the impeachment final outcome.

Wednesday, August 24, 2016

ANGOLA- Woes with China cash?

Is China beginning to lose patience with the Angolan regime? We have learned that the China Development Bank (CDB) has declined to make any further funds available to the Angolan state oil company Sonangol, under a US $15 billion line of credit granted in December 2015, citing Angola’s “lack of contractual compliance” and attempts to “use the money for indeterminate ends”.

Tuesday, August 23, 2016

BRAZIL-" The Real and Investors: 2 hot topics in Brazil"

" The Real and Investors: 2 hot topics in Brazil"
According to the Bank for International Settlements, the Real is until now the currency which has the highest appreciation rate. This appreciation (10,7% between May and June), has been stronger since Dilma Rousseff was forced to leave office.
Meanwhile, larger companies from many areas of business, with a special focus in the industrial segment, make their voices heard through several statements in the media, pointing out they are just awaiting for the definitive removal of the former President, to finally resume investment on a large scale. Ís the political turmoil coming to an end?

Tuesday, August 16, 2016

BRAZIL:The Government is making some moves


While the Olympics are currently underway, the Federal Government (FG) is making some moves. 
- It was announced a significant cut in investments planned for Federal universities. It shouldn't be forgotten however that these cuts are happening since the end of 2014.
- The interim President, Michel Temer is launching a project which aims the revitalization of the Sao Francisco River. This Project should cost more than R 1 Billion reals until 2019. It shouldn't be underestimated, because the water quality of this river is vital to more than 16 million Brazilians. Many areas have the problem of water scarcity, especially the northeast region.
- This government supports privatizations. Thus, Temer promised to announce a list of State-owned companies that will be privatized. Coincidentally or not, the announcement is scheduled for the 25th of this month, date for starting the trial of Dilma Rousseff, the President removed from office.

Saturday, August 13, 2016

PORTUGAL: Secular stagnation

Recent numbers concerning Portugal GDP are very weak. It seems that Portugal is confronting a secular stagnation that will be solved only by some kind of economic revolution,

ANGOLA: Sonangol defaults


Sonangol was not able honour its international banking debts during the month of July. Also, apparently, the USA has sent signals that Isabel dos Santos designation as Chairperson of Sonangol was a bad idea, and due to that the company was not able to raise cash in the USA.

Tuesday, August 9, 2016

ANGOLA: Trouble at Sonangol. Deutsche Welle reports

The presence of Portuguese officials in Sonangol accentuates the tension between the old and the new administration, currently under the command of Isabel dos Santos.
Lack of experience from new consultants, distrust and the  threat intelligence leaks  of the Angolan state oil  call into question the company's business, already weakened by the crisis in the international oil market.
"Both sides, both former directors or new employees are sending information out to hinder the work of each other," the jurist Rui Verde.
Amid the "political war" on Sonangol, the Portuguese are mere instruments in the hands of the daughter of Angolan president, assesses the analyst in an interview with DW Africa. But at the same time have high potential to harm Isabel dos Santos plans.