Brazil approves tax holiday for Ford, others

TaxTax’s President, Michel Temer, has signed into law hundreds of millions of dollars in incentives for automakers such as General Motors Company and Volkswagen to produce locally and continue developing engines that run on both gasoline and ethanol. The plan, known as Rota 2030, replaces a previous package of tax exemptions known as Innova Auto […]

Brazil plans $1.1bn investment in Nigeria’s agric sector

The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, has said that the Brazilian government intends to invest $1.1 billion in Nigeria’s agriculture as part of its efforts to strengthen the two countries bilateral relations. The envoy was quoted as saying that an agreement between his country and Nigeria on the proposed investment plan in […]