Month

Three years after the Free Trade Agreement was ratified and put into effect between the US and Colombia, both sides are already seeing tangible benefits. Vital in managing the trade relations between the two countries, the US Commercial Service works out of the United States...

By now, most of us are aware of the ‘game’ played by printer manufacturers:  Offer an inkjet or small-office laser printer at a price lower than the cost of manufacturing, then make significant profits on the exorbitantly priced printer cartridges, known as “consumables” by...

After operating for over 20 years as Macrofinanciera S.A. Compañia de Financiamiento, and six months after receiving a Colombian banking license, Banco Multibank S.A. has been rated AA for long term risk by Fitch Ratings, and F1+ for short term risk. The ratings reflect the...

Last week, Medellin based Grupo Éxito has entered into a share purchase agreement with Casino regarding the acquisitions in cash of a 50% stake in the holding company of 99.9% the ordinary voting shares of Grupo Pão de Açúcar, representing 18,8% of the total capital, along with...

Six Antioqueño communities in the area of influence of EPM’s Ituango Hydroelectric project stand to benefit from commitments made by EPM’s CEO Juan Esteban Calle Restrepo, and Medellin’s mayor Anibal Gaviria Correa. The two principals laid out those commitments at a meeting held...

Goldman Sachs has exited the coal mining business by selling its Colombian La Francia and El Hatillo Mines, 3 undeveloped mines, interest in a Colombian railroad, and 184 million tons of coal reserves to Murray Energy, based in St. Clairsville, a small town in Ohio’s Appalachian...

The 10th edition of Bogota’s principal real estate convention kicks off the 24th of September in the Corferias convention complex, in conjunction with La Lonja Propiedad Raíz de Bogotá (a Lonja is equivalent to a board of realty, or Realtor’s association). Over the four days of...

Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector. This has resulted in decreased tax revenues for municipal and state...

Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has completed the second tranche of its previously announced private placement in the amount of approximately $5,650,000 for total gross proceeds of approximately $19,350,000, consisting of 71,677,550 common...

Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) has announced that Mateo Restrepo Villegas will serve as Executive Vice-President, effective August 12, 2015, and will be located in the company’s Medellín office. Restrepo brings experience in mining, infrastructure, banking and...