Caixa Econômica Federal releases microcredit of up to $192.00

Caixa Econômica Federal will offer microcredit as a support to Brazilians after the emergency aid ends this month. The amount will be R$10 billion ($1.9 bn) and will also serve as a growth strategy for the institution in the coming years. According to Caixa, the goal is for about 10 million Brazilian entrepreneurs to benefit from small loans of up to R$1,000 ($192.00).

Source: Jornal Contabil

Brazil’s industry grows 1.4% above the pre-pandemic level

The third quarter began with a strong start in the Brazilian industry, with production growing for the sixth month in a row. Brazilian industrial production rose 1.1% in October over the previous month, according to data released by the IBGE. With an accumulated 39% rise in the six months of positive results, the sector is 1.4% above February’s level before the worsening of the Covid-19 pandemic in the country.

Source: Reuters

Cemig buys solar power plants with investments of $ 10.3 mm

Cemig has announced that it will buy 49% of solar power plants for R$54.49 million ($10.3 mm). The action will be possible through the company’s subsidiary, Cemig SIM. The company said there are seven Special Purpose Companies (or SPCs) aimed at generating energy from solar photovoltaic sources for the GD market, tottaling an installed capacity of 29.45MWp. With this acquisition, the assets total 46.27 MWp.

Source: Portal Solar