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Joao Pessoa Schedule of Works

João Pessoa Schedule of Works worth R$130 million

The governor of the state of Paraiba, Ricardo Coutinho, presented the opening schedule of works this week to celebrate 430 years since the founding of the City of João Pessoa.

The state will deliver R$130 million worth of investments in health, education, culture, tourism and urban mobility throughout August including the delivery of Trevo das Mangabeiras – the Urban Mobility scheme set to benefit 250,000 people towards the south of the city.

Schedule of Works

August 5 – Theatre “The Stone of the Kingdom”

August 5th will see the delivery of “A Pedra do Reino” Theatre (The Stone of The Kingdom) which has a capacity of 3000 spectators and seats for people with reduced mobility. The state has invested R$60 million into the theatre’s resources which is a tribute to novelist and playwright Ariano Suassuno. The delivery will be marked by the concert of the Symphonic Orchestra of Paraiba.

August 14 – Trauma Hospital Expansion

The expansion of the Senator Humberto Lucena Trauma Hospital will be delivered on the 14th of August. The hospital will have 1,466 square meters of expanded area with a total investment of R$2million

August 17 – Joao Pessoa Technical School

On 17 August, the city gains the Joao Pessoa Technical School located in the Mangabeira District. The teaching unit will have 12 classrooms; library; multimedia room; cafeteria; canteen; industrial kitchen; room for student government; maintenance shop; amphitheatre; multi-sport gymnasium and experience centre. Invested resources have amounted to R$17 million and has a mission to professionalise thousands of young students.

August 20 – Office of Ciretran / Valentina Figueiredo

On August 20, the State Government delivers the Ciretran site in the Valentina Figueiredo neighbourhood. The work, which had investments of R$3 million, will benefit 100,000 residents of Colinas Do Sul neighbourhoods.

August 21 – Police Central

The new central Police Headquarters opens on the 21st August offering the city access to a modern, easily-accessible, specialist department all in one building. With an investment of R$19 million, the new Police Centre will provide greater optimisation in service delivery and efficiency and consistency between police units.

August 24 – State School “Mestre Sivuca”

The renovation and expansion of the State School of Basic Education “Mestre Sivuca” is to be delivered on the 24 August. The educational unit received investments of R$ 700,000 from the Government of Paraíba and has four laboratories, recording studio, auditorium, library, computer lab and ten classrooms.

August 31 – “Trevo das Mangabeiras”

And to close the 430 year anniversary of Joao Pessoa, the capital will earn one of the greatest works of Urban Mobility – The Trevo das Mangabeiras. With an investment of R$ 26.5 million, the project is set to benefit 250,000 people. “In little more than five years, we have invested R$1.5 billion in management resources in order to address the most diverse areas – the largest investment of a state government in Joao Pessoa history, “said Secretary Tôrres Louis,

Source Paraiba.pb.gov.br

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Sequoia’s First $14.3m Brazil Investment via Nubank

Brazil’s financial services start-up Company, Nubank is launching its first MasterCard Platinum credit card manageable through an Android or iOS app following the $14.3 million raised by the company led by Sequoia Capital – the first Brazil investment in a start-up.

Getting a credit card in Brazil can take weeks, lots of paperwork and many visits to a physical bank: Nubank intentions are to swipe all of that away.

David Vélez, founder and CEO of Nubank who used to work for Sequoia specifically to help scout out investment opportunities in South America told Tech Crunch “After spending more than two years looking at technology opportunities with Sequoia in Latin America, we got convinced that there were a ton of high quality opportunities for starting tech companies in this country, but not in the sectors that most tech companies/entrepreneurs were pursuing,”. He went on to say “I decided to strike on my own because I had always wanted to be an entrepreneur, and as a venture investor I saw more interesting opportunities on the entrepreneur’s side of the table, than in the investor’s side of the table.”

There are also some more Brazil Investment advances that Nubank is tapping into. The country has been seeing a boom in broadband penetration, headed largely through smartphone growth. Today, there are 90 million smartphones in use among Brazil’s population of 200 million and growth is not slowing down.

“Our story is not about under-penetration of banking. It is about offering credit products to already banked customers that are currently completely overpaying in terms of fees and expenses, and getting a very poor experience in return,” he says. “Since we don’t have to pay for expensive [physical bank] branches or other costly infrastructure, we can pass those savings to our customers in terms of no fees products, lower interest rates, and excellent customer service. Our customers also don’t want to pay for that expensive infrastructure by the way.”

Brazil’s mortgage market grew from just 1.5% of GDP in 2007 to about 6.2% of GDP in 2012 and is still growing showing the attractiveness of any Brazil Investment

 

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Fly Jamaica flight services requested for Brazilian market

With the continued promotion of tourism in the Caribbean, Jamaica-based airline Fly Jamaica has been asked to offer flight services to Brazil. Executives of the Guyanese-owned agency have been invited to expand their operation to the South American port, with flight services out of a major city in the country.

The airline is said to be working on its strategy to commence service at the port, “as soon as possible.”

Airline Director Roxanne Reece told Kaieteur News last week that Fly Jamaica, along with representatives from tourism based countries such as the Bahamas and Jamaica, engaged in an Inter-American Development Bank (IDB) conference a few months ago and the offer to the Portuguese speaking port was made.

Reece pointed out that Brazil, which has a population of just over 200 million, was one of the areas looked at in locating tourist markets. Of the 200 million citizens living in Brazil, eight percent of them travel externally. Since the airline already services Guyana, which shares a border with Brazil, it was assumed that the airline could accommodate operations in the neighbouring country.

Reece explained that in the Bahamas, 3000 rooms have been built and need to be filled. For this reason talks are ongoing on locating markets and providing transportation for those who want to travel. It is unclear how soon operations will start on the new route.

Fly Jamaica recently acquired its second aircraft which compliments the existing Boeing 757.  The Boeing 767 is expected to commence flights before year end. The airline’s Chief Executive Officer Mr. Ronald Reece had told the Jamaican media that the acquisition of the new plane meant additional seats to be filled. He was optimistic about servicing the South American city, noting that it would be a positive step to attain a market.

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A new BRICS Bank to take on IMF and World Bank

Do you think it will shift the balance of power?

Last week, the BRICS members of emerging economies signed the long anticipated document to create the $100 billion development bank designed to influence western based lending and provide funds to each nations investment in infrastructure and development projects.

Each country will input an equal share into establishing the start-up capital of $50 billion and unlike the IMF or World Bank, have an equal say, regardless of GDP size. The goal is to reach $100 billion and break the dominance of the US dollar in global trade as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both of which BRICS countries have little influence within.

The economies of BRICS members Brazil, Russia, India, China and South Africa represent 42% of the world’s population and account for 11 percent of global capital investment, and trade turnover almost doubled in the last five years. Membership may not just be limited to just BRICS nations, either and could include future members in Other Countries Emerging Markets Blocs, such as Mexico, Indonesia, or Argentina once it Sorts out ITS Debt Burden.

China will contribute the lion’s share, about $ 41 billion, Russia, Brazil and India will chip in $ 18 billion, and South Africa, the newest member of the economic bloc, will contribute $ 5 billion.

The idea is that the creation of the bank will lessen dependence on the West and create a more multi-polar world, at least financially. President Rousseff said “We want equal Rights and Justice…. The IMF should urgently revise Distribution of voting Rights to Reflect the Importance of Emerging Economies globally,”

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