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Month

//November 2017
Photo: An Avianca 787 on the tarmac at José María Córdova International Airport near Medellín in Colombia. (Credit: Avianca)
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Avianca Acquires 90% Stake in Servicios Aeroportuarios Integrados

SAI supports ground operations including aircraft dispatch, engine starting, counter check-in, and cabin cleaning.
Posted On November 7, 2017
, By Jared Wade
coca eradication colombia
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Colombia Signs $315 Million USD Agreement with United Nations to Combat Coca Production

The UN pledged to support "Colombia's activities to encourage local communities to voluntarily give up coca cultivation.”
Posted On November 7, 2017
, By Jared Wade
santander
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Banco Santander de Negocios Colombia Joins ACH Network for Digital Payments

The Spanish commercial bank now will be able to make more secure interbank transfers and use ACH’s “PSE Button” for digital payments.
Posted On November 7, 2017
, By Jared Wade
Frontera Energy Oil and Gas (Photo credit: generatorpowerproducts / Pixabay)
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Ongoing Recovery: Fitch Ratings Upgrades Frontera Energy’s Rating from B to B+

"The rating upgrade reflects Frontera's ability to stabilize its operational and financial performance," stated Fitch Ratings.
Posted On November 5, 2017
, By Jared Wade
bogota metro transmilenio colombia bogotá elevated (Image credit: Bogotá Mayor's Office)
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Policymakers Race Against Time to Finalize $4.9 Billion USD Agreement to Fund Bogotá’s Metro

The Bogotá City Council and national government approved a 15 trillion pesos ($4.9 billion USD) agreement last week to co-fund the city’s long-awaited metro system, and the parties now have until November 11 to iron out the details before a law kicks in that would shelve the...
Posted On November 5, 2017
, By Andy East
colombia inflation rate peso 50 mil banco de la republica central bank Colombian peso Colombia peso Colombia inflation
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Inflation Ticks Up Slightly in Colombia to a Year-Over-Year Rate of 4.05% in October

The October rate is up slightly from 3.97% last month and puts inflation outside of the central bank’s target rate for the first time since June.
Posted On November 4, 2017
, By Jared Wade
andres finnosummit
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Interview: Colombia Fintech Startups Alegra and Bankity to Compete for Funding at Finnosummit in Miami Next Week

"Fintech investments are on the rise in Latin America, growing 31%, in terms of dollars, and 81%, in terms of deal count, in 2016."
Posted On November 3, 2017
, By Jared Wade
FARC Colombia Revolutionary Armed Forces of Colombia Guerrilla
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The Wealth of FARC: How Much Did the Former Guerrillas Make from Drugs, Extortion, and Mining?

If you add up all of of the guerrilla group's criminal activities, the FARC could have earned some $580 million USD in 2015.
Posted On November 2, 2017
, By Insight Crime
bogota mayor enrique penalosa summit (Credit: Jared Wade)
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Bogotá Mayor Enrique Peñalosa’s Fate Remains Uncertain After Recall Referendum Signatures Are Validated

The campaign to remove Bogotá Mayor Enrique Peñalosa from office cleared a major hurdle last week.
Posted On November 1, 2017
, By Andy East
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