Argentina's role in Brazil's exports has dramatically reduced, reaching a historical low of 3.5% in the very first half of the year.This figure, the most affordable since 1991, represents a considerable decline from over 10% twenty years ago.Argentina now positions listed below significant partners like China, which controls with 30.9%, and the U.S., which holds 11.5%. European
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Welcome to The Rio Times’ essential African news source, offering an overview of the continent’s most impactful stories.

The following news have been the focal point of discussions in local African media.

New National Minimum Wage in Angola Takes Effect in September

Starting in September, Angola’s minimum wage will be 70,000 kwanzas (78.3 euros), w

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Category: Brazil

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Brazil’s sanitation giant Sabesp’s (SBSP3) privatization drive shattered records with an institutional demand hitting R$187 billion ($34.31 billion).

This landmark event, widely reported by local media, signals robust investor confidence.

A notable R$7 billion ($1.28 billion) order, the largest single investment seen in Brazil’s markets, set this t

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On July 16, 2024, German Foreign Minister Annalena Baerbock announced the end of Germany’s military cooperation with Niger. She cited unreliable relations with the current authorities in Niamey.

By the end of August 2024, around 40 German soldiers stationed in Niamey will leave. The Niamey air transport base will also be vacated.

This decision

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Ghana's cocoa production has dropped significantly, with the 2023/24 season output reaching only 429,323 metric tons.This figure is less than 55% of the average seasonal yield, a considerable decline reflecting serious challenges in the sector.Adverse weather condition, inflamed shoot disease, and prohibited gold mining have critically impacted production.Swollen
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Egypt, the world's top wheat importer, just recently struck significant offers to secure wheat from Russia and Bulgaria.By acquiring 720,000 loads from Russia and 50,000 tons from Bulgaria, Egypt intends to stabilize its food supply in spite of volatile worldwide markets.Between September and October 2023, Egypt will get 235,000 lots of this Russian wheat.This
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  1. DRC and South Sudan Lead Global Surge in Military Spending
  2. Colombia's Economic Resurgence in May
  3. [Brazil] - Brazil's Tourism Boom: Record-Breaking Visitor Numbers in 2024
  4. Oil Prices Waver Amid Market Uncertainty
  5. [Brazil] - Dollar Climbs to R$ 5.58 Amid Brazil's Fiscal Uncertainty