Finance Colombia

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Digital Marketing Agency Demand Frontier Stakes Claim In Medellín, Sees Rapid Growth

Demand Frontier is a digital marketing agency founded in Texas, with a rapidly growing outpost in Medellín. The business-to-business firm services Fortune-500 companies from both locations, but sees Colombia as key to its plans for growth. Finance Colombia executive editor Loren...

Posted On February 28, 2016

, By Loren Moss

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Sura Asset management & Credicorp Capital Lauch Investment Vehicle To Fund Colombia’s 4G Highway Infrastructure Program

Medellín based SURA Asset Management and Peru’s Credicorp Capital have announced a strategic alliance creating a new fund in order to invest $1.3 billion COP (approximately $400 million USD) in Colombia’s “fourth generation” (4G) roadway infrastructure projects. The...

Posted On February 28, 2016

, By Loren Moss

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Everest Group Says Colombia Is A Rising BPO Destination, But Needs To Promote Itself Better: Exclusive Interview

The Global analyst firm Everest Group has released a comprehensive, 165 page report (available here) covering global service delivery locations, and the report cites Colombia as a nascent location in the global services market. While the country still has only a small share of...

Posted On February 28, 2016

, By Loren Moss

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OECD: Colombia’s Health Care Is Universal In Coverage, But Serious Accessibility, Parity & Efficacy Challenges Remain

According to an OECD report, Colombia has significantly improved its health system over the past 20 years, leading to a rise in life expectancy and a fall in infant mortality. Infant mortality has fallen from 40 deaths per 1 000 live births in 1970 to 12.8 and life expectancy at...

Posted On February 28, 2016

, By Loren Moss

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IMF Head Christine Lagarde Praises Colombia’s Fiscal, Monetary Policy

During an interview earlier this month, International Monetary Fund (IMF) head Christine Lagarde was queried by IMF communications director about how various emerging economies were handling the current slump in commodities prices, especially petroleum. Lagarde singled out...

Posted On February 28, 2016

, By Loren Moss

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Ecopetrol Launches $478 Million USD Austerity Plan To Weather Low Oil Prices

Given the challenging petroleum price environment observed since the beginning of 2016, Ecopetrol S.A. (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that it will seek to save an additional $1.6 trillion COP ($478.736 million USD) through 2016. This comes after the company...

Posted On February 28, 2016

, By Loren Moss

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Brasil’s Stefanini Buys Paipa, Boyaca Based ERP Integrator Sysman

São Paulo based Stefanini, a $1B global provider of IT outsourcing, applications management and consulting, and strategic staffing services, has announced that it has acquired Paipa, Boyacá based Government ERP provider Sysman SAS, which will change its name to Stefanini Sysman...

Posted On February 28, 2016

, By Loren Moss

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TransUnion Buys CIFIN: Colombian Credit Bureau

US based credit reporting agency TransUnion (NYSE: TRU) has acquired a 71% ownership interest in Central de Informacion Financiera (CIFIN), one of two primary Colombian credit bureaus; the other being DataCrédito, already owned by TransUnion competitor Experian. In addition to...

Posted On February 28, 2016

, By Loren Moss