February 23, 2011 / 8:38 AM / 6 years ago

FACTBOX-Brazil's big players in Africa

2 Min Read

This is part of a special report on Brazil in Africa: link.reuters.com/zap28r

Brazil works hard to increase trade with Africa. Here's a look at the big players:

* Mining giant Vale is to invest a total of $15-20 billion in Africa within the next five years with most of the money spent in Mozambique, Zambia, Guinea and Liberia. The aim is to become the third-biggest copper producer on the continent. Total investment in Africa so far is about $2.5 billion but as most of the projects are in the exploration phase, there is a chance to significantly increase investment.

*Infrastructure firm Odebrecht operates in Angola, Lybia, Liberia, Mozambique and Ghana and has also completed projects in Congo, Botswana, South Africa, Gabon and Djibouti. In 2009, Africa accounted for $2.427 billion in revenues for the group, or about 10 percent of its earnings.

*Oil company Petrobras plans to invest some $3 billion in Africa from now until 2013, mainly in Angola and Nigeria. Following 2009 discoveries of huge reserves far below ultra-deep waters off the Brazilian coast, some experts believe similar deposits may exist along the West African coast. In Nigeria the company operates one block and is a non-operating partner in two others.

*Agriculture is one of the main areas of technical cooperation with Africa. Brazil provides technical assistance to the cotton sector in Benin, Burkina-Faso, Chad and Mali through EMBRAPA, a state agricultural research institute. In 2008, Brazil opened an EMBRAPA office in Accra to facilitate the transfer of agricultural technology from Brazil to Africa.

Writing by David Cutler, London Editorial Reference Unit and David Lewis in Dakar

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