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Month

//September 2019
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Colombia’s Foreign Direct Investment Up 11.4% Over 2018

Foreign Direct Investment (FDI) in sectors other than those of mines and energy, between January and August, registered an increase of 11.4%, according to Colombia’s Banco de la República (Bank of the Republic), going from $1.4 billion USD the same period last year to $1.564...
Posted On September 30, 2019
, By Loren Moss
reinsurance latin america house collapse
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American Agricultural Insurance Company Approved To Issue Reinsurance In Colombia, Argentina

US based American Agricultural Insurance Company (AAIC) has announced that it is now authorized to reinsure risks based in Argentina and Colombia through the broker marketplace. The company has been named an Admitted Foreign Reinsurer in Argentina and an Approved Reinsurer in...
Posted On September 30, 2019
, By Loren Moss
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Air Wars: Delta Snatches LATAM From American Airlines Partnership, Leaves AA Without Partners In Several Major Markets

Delta (NYSE: DAL) and LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM) last week announced that they have entered into a strategic partnership that seeks to reshape the air travel environment in The Americas. Chile based LATAM will sever its ties with longtime partner American...
Posted On September 30, 2019
, By Loren Moss
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Continental Gold Begins Deepest 1.6 km Drill At Buriticá, Construction On Schedule

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has commenced drilling a deep diamond drill hole from the Higabra tunnel elevation at its Buriticá project in Antioquia, Colombia. The planned 1,600-meter hole has been designed to test for gold and copper mineralization within a known...
Posted On September 30, 2019
, By Loren Moss
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Frontera Energy & CGX Energy Announce Conversion of Bridge Loan

CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced last week that Frontera has elected to convert the principal amount outstanding (US$8.8 million) under its bridge loan facility due September 30, 2019. As previously announced, the principal amount...
Posted On September 30, 2019
, By Loren Moss
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Royal Road Minerals Gains Concessions In Caldas & Risaralda, Colombia

Toronto based Royal Road Minerals Limited (TSXV:RYR), a gold and copper focused mineral exploration and development company, has announced that by way of its recently completed purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited, it has...
Posted On September 30, 2019
, By Loren Moss
U.S. Marine Cpl. Johnathon Nettles, a data systems administrator with Special Purpose Marine Air-Ground Task Force – Southern Command, finalizes adjustments on a ground antenna transmit and receive (GATR) communications system during the setup of a command operations center in Base de Entrenamiento de Infanteria de Marina, Coveñas, Colombia, Sept. 28, 2019. A GATR is used to establish local area network-based services through a satellite. The task force is conducting training and engineering projects hand-in-hand with partner nation military members in Latin America and the Caribbean during their deployment to the region, which coincides with hurricane season. Nettles is a native of Annapolis, Maryland. (U.S. Marine Corps photo by Sgt. Stanley Moy)
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US Marines Deployed To Coveñas, Colombia; Establish Command Operations Center on Colombia’s Atlantic Coast

US Marines Special Purpose Marine Air-Ground Task Force under the US Military Southern Command and Colombia’s Infantería de Marina de Colombia begin a week of Humanitarian Assistance/Disaster Relief (HA/DR) rehearsals and Subject Matter Expert Exchanges (SMEEs), in Coveñas,...
Posted On September 30, 2019
, By Loren Moss
Avianca Boeing 787 Dreamliner at Medellín's Airport
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Control of Avianca: New York Court Issues Summary Judgement In Favor of United & Kriete’s Kingsland Holdings, Against BRW Aviation, Efromovich

This morning in a New York court, a judge issued summary judgement affirming Kingsland Holding’s control of Avianca, after industrialist Germán Efromovich defaulted on loan payments to United Airlines collateralized by Efromovich’s stake in Avianca Holdings (NYSE:...
Posted On September 27, 2019
, By Loren Moss
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Colombian Small Business Lender Sempli Raises $8 Million USD In Series A Venture Capital

Sempli, the Colombian online lending platform for small businesses, announced this week that it has secured $8 million USD in Series A venture capital, the round being led by Oikocredit and Incofin CVSO. Existing and new investors joined the round, including BID LAB (The...
Posted On September 26, 2019
, By Loren Moss
tecnoglass inc barranquilla colombia glass, window, jose daes plate mover
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Tecnoglass Appoints Carlos Alfredo Cure Cure as a New Director, Replacing Samuel R. Azout

Tecnoglass, Inc.(NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, this week announced the appointment of Carlos Alfredo Cure Cure to its board of...
Posted On September 18, 2019
, By Loren Moss
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