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Month

//July 2016
private equity Isabella Muñoz Colcapital
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Raising Capital: ColCapital’s Isabella Muñoz Details the Rise of Private Equity in Colombia

Isabella Muñoz, executive director of Colcapital, has seen private equity in Colombia go from nothing in 2005 to nearly $10 billion USD now among her organization's 99 members.
Posted On July 24, 2016
, By Loren Moss
CAF loan colombia guasca
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CAF Grants a $450 Million USD Development Loan to Colombia

"Today, more than ever, we need more inclusive, competitive, efficient, and sustainable cities," said CAF head Enrique Garcia.
Posted On July 22, 2016
, By Jared Wade
truck paro camionero colombia
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Trucker Strike Ends in Colombia After 45 Days of Disrupting the Nation’s Transportation Network

“This strike, which lasted 45 days, has been very costly for everyone,” said Colombia President Juan Manuel Santos in announcing the deal reached with the truckers.
Posted On July 22, 2016
, By Jared Wade
Bogotá, Colombia imf growth
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IMF Maintains 2.5% GDP Growth Forecast for Colombia in 2016

In terms of large Latin American economies, Peru and Colombia are the only two countries currently projected for growth of 3.0% or more in 2017.
Posted On July 21, 2016
, By Jared Wade
VivaColombia Colombia airplane el dorado airport (Photo credit: Viva Air)
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Ryanair Investment Arm Purchases Majority Stake of Discount Airline VivaColombia

Ryanair investment arm Irelandia Aviation has increased its ownership of VivaColombia from 25% to 75% to take the majority stake in Colombia’s only discount airline. In announcing the move, it highlighted Colombia’s potential for growth and said it plans to continue...
Posted On July 21, 2016
, By Jared Wade
corn in colombia, representative of food inflation
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Analyst Predicts Further Interest Rate Hikes in Colombia due to High Inflation and Food Prices

"There is little room for policymakers to leave interest rates on hold," according to Capital Economics analyst Adam Collins.
Posted On July 20, 2016
, By Jared Wade
Essel Propack
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Indian Packaging Giant Essel Propack Establishes New “Gateway to South America” Plant in Valle del Cauca

The Mumbai-based Essel Propack says that its new facility will double its capacity in Colombia while allowing it to manufacture another 180 million packaging tubes per year.
Posted On July 20, 2016
, By Jared Wade
bancolombia
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Fitch Maintains Rating Watch Negative for Bancolombia and Banco de Bogotá

Though Bancolombia's recapitalization plan may yield dividends, "Fitch does not expect capitalization to return to levels reported in 2014 during this period."
Posted On July 19, 2016
, By Jared Wade
telefonica digital life
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Colombia Among Top Nations in the World for Digital Development Relative to GDP

While Colombia is the best over-performer in all of Latin America, "this does not mean there is room for complacency," states the new report from Telefónica.
Posted On July 18, 2016
, By Jared Wade
ivertronica medellin colombia
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Invertrónica Is Expanding in Colombia’s Electronics World with Printed Circuit Boards and Internet of Things Applications

With a 3% market share of printed circuit boards in Colombia and global ambitions, the Medellín-based Invertrónica is pushing for greater growth and international reach.
Posted On July 18, 2016
, By Loren Moss
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