Important Headlines
📰 Brookfield and BlackRock Invests in “Tiny” Solar Farms in Chile
Projects of nine megawatts or less can qualify for the Chilean government guarantees and subsidies which are attracting investors. Without these generous sovereign guarantees in place renewable energy projects seem to be uninvestible given the lack of capital into the sector, globally, without government handholding.
📰 Brazil’s Economy Doing Better Than Anticipated
The largest economy in Latin America is surprising to the upside with better trade and inflation numbers than expected.
📰 America Should Look South, Not East, on Trade Pacts
The Biden Administration is focused on the 14-country Asian pact and neglecting the Latin American counterpart (i.e., APEP). It’s time for America to look South, and to stop foolishly looking East.
📰 Nigeria’s New President Raises Hopes for Africa Investments
Africa’s largest economy has a new leader, Bola Tinubu, and the market is showing solidarity having soared to a 15-year high. The country is rich in oil, yet corruption and mismanagement has decimated the industry. Half of adults are under- or unemployed, and most oil income goes towards paying sovereign debts.
📰 Mexico’s $50 Billion Panama Canal Alternative is Taking Shape
The expansion of the Interoceanic Corridor is a primary focus of the current administration. The expanded trade route would be cheaper and faster than the Panama Canal, and have the added advantage of tapping into the vast resources and human capital in Mexico’s south.
Reader’s Insights (Podcast)
This week we interviewed Andrew Thabo Russell, a retail real estate developer and investor in South Africa. Andrew is the first interview of the new podcast format which is to give 10 minutes for a reader to answer the same three questions asked to every newsletter reader:
What is one thing people don't understand correctly about your industry that they should? Why does it matter? [Industry question]
Describe a skill or trait that has aided you throughout your career. How did you discover and foster it, and how has it helped you? [Career question]
How do you stay consistently motivated and hungry to improve yourself and your business? [Philosophy question]
