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Media Partnerships

//Finance Colombia is glad to support the efforts of event organizers domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Finance Colombia is glad to support the efforts of our event organizer partners domestically and internationally. We offer several different levels of collaboration based on your objectives & constraints.

Basic

Finance Colombia offers the following:

  • 728×90 OR 300×250 banner ad in rotation on all article pages and front page
  • 1 email announcing the event to our subscriber base before the event. You provide HTML
  • 12 social media posts: up to 1 per week, Facebook, Twitter, LinkedIn
  • 1 pre-event article announcing and promoting the event
  • 1 post-event article

 

You offer the following:

  • 3 all access media passes (editor, photographer, assistant) for events within Colombia, or 2 all access media passes for events outside of Colombia, including privileges of paid attendees (meals, event receptions, functions, etc.)
  • Prominent listing as media partner with our logo (and link on electronic media) on all print and electronic promotional materials, event programs, etc. including stage backdrops, and photographer’s curtains.
  • Table and suitable space to share our promotional material (primarily offering free subscriptions to attendees) and permission to offer free subscriptions to attendees
  • Airfare + Hotel to and from the event per our travel policy:
    • International, Bogotá: 1 hotel room (official event venue hotel) & 2 business class airfares
    • Rest of Colombia: 2 hotel rooms & 2 business class round trip fares
    • Events in Medellín do not require hotel room or air travel

Speaker / Moderator

We offer each other all of the above plus…

Finance Colombia offers:

  • 2 additional articles, promoting our participation, plus promoting the event (3 total).
  • 2 more promotional emails (up to 1 per month, maximum)
  • Cross platform promotion – banner ads on our other publications & social media channels as relevant: Finance Americas, Cognitive Business News, Lorenmoss.com, Unido Digital Media
  • Social media promotion, participation & engagement during the event
  • Active promotion of our participation via publisher & publication LinkedIn channels & groups, social media
  • Assistance & outreach (as necessary) with identifying & recruiting other speakers, invited guests & experts
  • Finance Colombia editors/publisher will  prepare and give relevant presentations and/or moderate up to 2 sessions, in English or Spanish

 

You offer:

  • Access to any VIP / optional extra-cost event functions
  • Full exhibit space during the event
  • 1 additional all-access exhibitor pass

 

Sponsor Package

We offer each other all of the above plus:

Finance Colombia offers:

  • Video and written interviews of speakers and/or organizers during the event (up to 5).
  • 12 additional social media posts (24 total)
  • 3 pre-event articles promoting the event, such as interviews with speakers
  • 3 (minimum) post-event articles highlighting the event’s success
  • Distribution of your content (such as white papers, reports, etc.) via Finance Colombia: Articles & banners with links to download
  • 2 additional email blasts (spread out, no more than 2 per month)

 

You offer:

  • $5,995 USD
  • 1 additional air fare & hotel room per above policy
  • Listing as silver level sponsor or above (or equivalent)

 

Additional Options

  • Keynote Speaker: Loren Moss, publisher of Finance Colombia will deliver opening or closing keynote presentation, researched and relevant to the event, English or Spanish $6,000 in addition to above – Speaker/Moderator or Sponsorship package
  • Outbound Marketing: A team of 3 of our bilingual outbound sales associates will contact and invite attendees to your event $11,000 USD / month

Use our easy contact form below, or the Whatsapp applet at the bottom right:

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This is what a La Nina looks like: Cooler-than-average sea surface temperatures along the equator is indicative of La Nina in the tropical Pacific Ocean in September 2021. (NOAA Climate.gov)
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La Niña Weather System Returns, Raising Potential For Flooding In Colombia

Colombians are most negatively affected by the La Ñiña phenomenon are those in the lower Magdalena and Atrato river basins.
Posted On October 15, 2021
, By Loren Moss
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Viva Foundation Flies 23 Colombian Students & Teachers To View NASA’s Lucy Mission Launch

The group of students had been working on raising 70 million Colombian pesos, or approximately $19,000 USD to make the trip, when Viva Foundation executives heard about the effort in local media reports.
Posted On October 15, 2021
, By Loren Moss
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Vostock Capital Presents The First Latin America Hydrogen Fuel Congress In Bogotá Nov 30-Dec 1

In-person & online attendees will discuss current trends, learn more about investment opportunities and development of the hydrogen industry in Latin America.
Posted On October 14, 2021
, By Loren Moss
Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions
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What Jumps Out: Shoots Of All Colors

Some of this may finally be starting to filter through to both the stock market and Peso - both have outperformed the region over recent sessions.
Posted On October 12, 2021
, By Rupert Stebbings
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Ayenda Hotels Raises $10 Million USD Series B Round

According to Ayenda’s website, the hotel franchisor currently operates in Colombia, Peru and México with almost 300 properties.
Posted On October 11, 2021
, By Loren Moss
Photo © Loren Moss
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Viva Celebrates Arrival Of Newest Airbus A320neo With Breast Cancer Awareness Livery

Viva uses its charitable arm, the Viva Foundation led by Monica Gil and Tatiana Vásquez to translate the airline’s operational acumen into direct action for social good.
Posted On October 11, 2021
, By Loren Moss
Photo credit: Loren Moss
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Barranquilla-Based Procaps Lists On NASDAQ Via SPAC, Valued At $1.1 Billion USD

This transaction values Colombia-based Procaps at approximately $1.1 billion with approximately $160 million in gross cash proceeds.
Posted On October 11, 2021
, By Loren Moss
Sky Airlines
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Avianca (Sort Of) Denies Merger Rumors With Sky Airlines

As reported by Finance Colombia and elsewhere, Avianca (OTCMKTS: AVHOQ, BVC: PFAVH) directors and creditors have recently taken a significant stake in troubled Chilean low-cost carrier Sky Airlines, while bankrupt Avianca seeks to emerge from Chapter 11 reorganization in the United States federal court system, and...
Posted On October 11, 2021
, By Loren Moss
Khiron's agricultural facilities in Ibagué, Tolima, Colombia
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Khiron Seeing Stronger Results In Its Medical Cannabis Sales And Zerenia Treatment Clinics

Year to date medical cannabis prescriptions have exceeded 35,000 units, 600% more than the entire 2020 fiscal year. Khiron will expand its flagship clinic brand, Zerenia to the UK, with the first Zerenia opening in London in Q4 2021.
Posted On October 6, 2021
, By Loren Moss
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Colombia Gold Summit Returns To In-Person Format In Medellín 16-17 November

The event is also launching its CGS Economic Development Awards to highlight innovative and impactful projects undertake to stimulate local economies.
Posted On October 6, 2021
, By Loren Moss
Massimo Canovi
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TMF Group’s Massimo Canovi Explains Why Colombia Is World’s Fourth Most Complicated Country For International Business

Global payroll and tax firm TMF Group just released their 2021 Global Business Complexity Index (GBCI) that analyzes business administration and compliance across 77 jurisdictions, from the time it takes to incorporate a company, to changes in tax legislation, policies around wages and benefits, through to the...
Posted On September 28, 2021
, By Loren Moss
Medellín Mayor Daniel Quintero © Loren Moss
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Medellin’s Mayor Daniel Quintero Defends His Record On Foreign Direct Investment, Discusses Plans For New Airports

"Medellin is partner in the ownership of 5 airports in Colombia: Rionegro, Olaya Herrera, Encarepa, Enquito, Corozal Sucre. When an airplane lands in any of those airports, Medellin earns some pesos."
Posted On September 28, 2021
, By Loren Moss
Bilateral Forum of the Anti-Narcotics Working Group headed by Ambassador Philip Goldberg with the participation of a high delegation made up of @ONDCP @WHNSC @WHAAsstSecty @StateINL and several officials from the #EEUU Embassy in #Colombia
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US Government Issues Statement After Talks With Colombia On Counternarcotics Strategy

The US State Department has issued a statement following bilateral talks with a Colombian delegation headed by Colombian President Ivan Duque that recently visited Washington, D.C. During the first three years of Ivan Duque’s term, cocaine production has reached new records, even exceeding the era of the...
Posted On September 28, 2021
, By Loren Moss
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What Jumps Out : Fedesarrollo Survey – Heating Up

Amidst an environment where we see both analysts and overseas agents increasing their growth recommendations for both 2021 & 2022.
Posted On September 23, 2021
, By Rupert Stebbings
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Colombian Government Fines Wireless Telco Avantel $8.8 Billion Pesos For 4G Coverage Failures

Avantel is in the process of being acquired by Telecom Partners Colombia, operating under the retail brand “WOM.”
Posted On September 21, 2021
, By Loren Moss
South American magnate & former Avianca chairman Germán Efromovich
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Efromovich Brothers Cleared Of Corruption Charges In Brazil

The brothers were arrested in São Paulo on charges related to fraud in the contracts between the Transpetro subsidiary of Petrobras and the Efromovich brothers’ Estaleiro Ilha S.A. (EISA) shipyard in Brazil.
Posted On September 21, 2021
, By Loren Moss
Tecnoglass workers at the company's plant in Barranquilla, Colombia. (Credit: Tecnoglass)
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Tecnoglass Presents At Multiple Investor Conferences This Week

A live broadcast of the presentations may be accessed through the Investor Relations section of the Tecnoglass site. A replay of the webcasts will be available after the event.
Posted On September 21, 2021
, By Loren Moss
Andrés Restrepo I., President of Mineros
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Mineros Files Preliminary Prospectus For Toronto IPO

The same day, Mineros also filed with the Colombian Superintendence of Finance a preliminary prospectus in respect of a concurrent public offering in Colombia of common shares for gross proceeds of up to $10 million USD.
Posted On September 21, 2021
, By Loren Moss
wingo Boeing 737
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Wingo Resumes Flights Between Bogotá and Curaçao

Flying Boeing 737-800 NG aircraft seating 186 passengers, the airline will fly twice a week, on Wednesdays and Sundays.
Posted On September 21, 2021
, By Loren Moss
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GlobeNet Building New Data Center In Barranquilla

GlobeNet says its new data center integrates with its ecosystem of content providers, service providers and IXs, as well as the company’s submarine network and redundant terrestrial backhauls.
Posted On September 21, 2021
, By Loren Moss
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Avianca Admits Current Shareholders Likely To Be Wiped Out

As a result of the foregoing, under the plan, the value of the outstanding shares of the company is expected to be reduced to zero.
Posted On September 21, 2021
, By Loren Moss
What Jumps Out - Time To Look Forward
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What Jumps Out: Time To Look Forward

The “line in the sand” fiscal rule has now gone but due to the measures taken there is the hope that the deficit will drop from the anticipated 8.6% in 2021 to 2.7% in 2026.
Posted On September 21, 2021
, By Rupert Stebbings
Sophia the Robot speaks on stage during Andicom 2018 in Cartagena, Colombia. (Photo credit: Jared Wade)
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Andicom, Colombia’s Largest ICT Event Returns To Cartagena Convention Center In November

The event, which brings together the main stakeholders in the ICT industry in one place, generates business opportunities through high-level commercial and networking activities.
Posted On September 21, 2021
, By Loren Moss
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What Jumps Out : Getting Back to Normal?

This is a country with problems, unquestionably, poverty has risen, there is discontent with the Government's actions in several respects and the current account situation speaks for itself. BUT, this is a country that for decades has built itself against a backdrop of problems and they are accustomed to...
Posted On September 21, 2021
, By Rupert Stebbings
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Avianca To End Business Class On Domestic Flights, Moves to Economy-Only Seating

Removing business class from short haul commuter flights is not a big deal by itself, but what is Avianca’s strategy? What does the airline want to be?
Posted On September 15, 2021
, By Loren Moss
Sky Airlines
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Avianca Directors Making Moves On Sky Airlines Of Chile

The investment, said to be $70 million USD of convertible credit, brings the airline into proximity with both bankrupt Colombian carrier Avianca and Mexican carrier Volaris.
Posted On September 13, 2021
, By Loren Moss
Karen Abudinen defends herself before Colombia's Congress (Photo: MinTIC)
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Colombia’s Minister of Information & Communications Technology Resigns Amid $280 Million Dollar Children’s Internet Scandal

Minister Karen Abudinen has resigned to the metaphorical cemetery she promised during an April television interview. Though no one has accused her so far of criminal wrongdoing, questions remain as to how her office could fall victim to a quarter billion US dollar fraud without insider cooperation.
Posted On September 11, 2021
, By Loren Moss
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EPM’s Labor Union Not Happy About Recent EPM Appointments, Calls Management Out For Political Machinations & Using EPM As A Sinecure

"From SINPRO we see with great concern how in this administration there have been repetitive changes in the EPM structure and appointments that affect the transparency and the rigors that have characterized our company."
Posted On September 8, 2021
, By Loren Moss
Here is hoping that Bogota Metro or Cali Freeway will one day be names we might all buy and sell in the market.
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What Jumps Out – Out Of The Box Bonds

Here is hoping that Bogota Metro or Cali Freeway will one day be names we might all buy and sell in the market.
Posted On September 8, 2021
, By Rupert Stebbings
Panamá migration
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Tensions Rise In Panamá Over Flow Of Migrants Crossing From Colombia

Panamá's director of migration has called for another meeting with Colombian counterparts saying Colombia is not complying with its commitment to restrict the flow of irregular migrants across the border to 500 individuals per day.
Posted On September 8, 2021
, By Loren Moss
Copa Aircraft
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Copa To Re-Launch Flights Between Cúcuta, Colombia & Panamá City, Panamá

The three weekly redeye flights will begin December 6th and tickets are on sale now. Cúcuta is Colombia's largest city on the Venezuelan border. The airport code is CUC.
Posted On September 8, 2021
, By Loren Moss
Photo credit Loren Moss
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Viva & SENA Open Joint Airbus A320 Aircraft Maintenance & Repair Training Facility

The SENA training space will primarily offer technical courses on the Airbus A320 series aircraft flown by Viva, and Viva will offer students the necessary internships to obtain the vital hands-on skills and experience necessary for employment.
Posted On September 7, 2021
, By Loren Moss
teletrabajo remote work
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MinTIC: 4 In 10 Companies In Colombia Now Offer Remote Working Arrangements

The main cities that adopted teleworking were Bogotá with 157,417 teleworkers; followed by Medellín with 26,569; Barranquilla with 9,213; Cali with 5,421, and Bucaramanga with 3,467 people.
Posted On September 7, 2021
, By Loren Moss
Juliana Carolina Zapata Molina
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EPM Appoints New Vice Presidents Of Legal Affairs & Human Talent

EPM announced the appointment of JUliana Zapata Molina as VP of Human Talent & Organizational Development and Jhonatan Estiven Villada as VP of Legal Affairs.
Posted On September 7, 2021
, By Loren Moss
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Avianca Shares Plunge Towards Zero As Bankruptcy Exit Hearing Nears

The value of the shares would be reduced to 0 due to the decrease in equity attributable to the Debtors’ liabilities to third parties and creditors, as well as the injection of capital by new investors pursuant to the Chapter 11 plan.
Posted On September 7, 2021
, By Loren Moss
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Medellin Celebrates Reopening With First Large Event Hosting International Dignitaries

he event, organized by Mayor Daniel Quintero and the municipal investment promotion agency ACI Medellin hosted ambassadors from several countries.
Posted On September 6, 2021
, By Loren Moss
Photo courtesy of MinCIT
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Colombian Non-Mining/Petroleum Exports Surge To 13-Year High

84.5% of what Colombia exports to the world in non-mining, non fuel products goes to countries with which the country has a current free trade agreement. Today there are 17 bilateral and multilateral trade agreements with approximately 65 countries. Growth in exports to these destinations were up 22.7%.
Posted On September 6, 2021
, By Loren Moss
GE Ferrule for Hidroituango
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As Comptroller General Rules On Hidroituango Financial Responsibility, Mapfre Pays EPM $100 Million USD Towards Insurance Claim

Colombian presidential hopeful Sergio Fajardo is one of the defendants the comptroller held responsible in today’s ruling, along with former Medellín Mayor Federico Restrepo, former candidate Alonso Salazar, and former CEO of EPM / current CEO of Cementos Argos, Juan Esteban Calle.
Posted On September 6, 2021
, By Loren Moss
22 establishments were checked and verified, and five were shuttered for not complying with established regulations.
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Colombia Cracking Down On Illegal Hotel & Tourism Operators Near Venezuelan Border

Joint actions were carried out by the Ministry of Commerce, Industry and Tourism and the Group for the Protection of Tourism and National Heritage of the Metropolitan Police of Cúcuta, along with the Police for Children and Adolescents, the Environmental and Ecological Police, Migration Colombia, Secretaries of...
Posted On September 6, 2021
, By Loren Moss
Viva Air's Felix Antelo
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Cartesian Capital Takes Minority Equity Stake In Viva

The investment is seen as a vote of confidence as the aviation industry navigates the global COVID-19 pandemic. While larger airlines like Avianca and Latam fell into bankruptcy reorganization, Viva directly renegotiated over 200 contracts with suppliers and lessors in order to reduce general costs and payment terms.
Posted On September 6, 2021
, By Loren Moss
Photo Credit Royal Road Minerals
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30 Year Mining Concession Granted To Royal Road Minerals In Antioquia, Colombia

The Margaritas gold project is located in the Anza mining district, approximately 50 kilometers west of Medellin. Margaritas was initially acquired as an application for title through the Company’s purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited.
Posted On September 6, 2021
, By Loren Moss
Colombia’s attorney general’s office has announced that Fredy Hoyos Muñoz, alias Moño Moño was captured on August 23, in the Siberia district of Caldono, Cauca for the murder of the social leader and governor of the La Laguna Indigenous Reservation, Sandra Liliana Peña Chocué.
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Narcoterrorist Jailed For Murdering Indigenous Governor In Southwest Colombia

The crime occurred last April 20 in the village of El Porvenir de Caldono, in the Cauca department. According to the evidence obtained by a prosecutor from the Special Investigation Unit (UEI), the victim was murdered due to activities promoting the eradication of illicit crops such as coca plants in the region.
Posted On September 6, 2021
, By Loren Moss
Pedro Duarte, leader of the IP Key Latin America project,
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Study Indicates Colombia’s Intellectual Property Sector Is Underdeveloped, Unproductive

The low labor productivity of the intellectual property sector is characteristic of the Colombian economy where most employment occurs lower on the value chain, with reduced technological endowments and with high doses of temporary employment and informality.
Posted On September 3, 2021
, By Loren Moss
tecnoglass on NASDAQ
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Tecnoglass Declares Quarterly Dividend

The dividend will be paid on October 29, 2021 to shareholders of record as of the close of business on September 30, 2021. Tecnoglass serves multi-family, single-family and commercial end markets, and is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in...
Posted On August 31, 2021
, By Loren Moss
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What Jumps Out – All Change (At The Central Bank)

We have seen a slight rebound over recent sessions as the peso recovers from the perfect storm of a lost investment grade, a wobbly oil price and forthcoming elections. Another major factor for the peso will be exports and there was good news on that front for July.
Posted On August 31, 2021
, By Rupert Stebbings
We are told cute dogs stimulate purchases, so above is Finance Colombia founder Loren Moss' dog Juana.
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Finance Colombia Needs You! Help Us Provide You With More & Better Investment & Business Coverage Centered On Colombia

You are among the world's intellectual elite. You are a reader of Finance Colombia, now we invite you to become a member. Join us and support Finance Colombia’s critical mission as we gear up to go in-depth during the coming presidential election year.
Posted On August 30, 2021
, By Loren Moss
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What Jumps Out: Debate Time – Colombia’s Tax Reform 2

Reportedly 100 new ideas have been added to Colombia's second attempt at tax reform this year, and four original provisions have already been axed.
Posted On August 26, 2021
, By Rupert Stebbings
Ecopetrol Huila colloidal dispersion gels injection plant (CDG) in its Dina Cretaceous field
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S&P Reaffirms Ecopetrol At BB+ After ISA Acquisition

S&P left Ecopetrol's individual standalone credit rating at 'bbb- ' with stable outlook, the company announced last week, after its acquisition of electrical grid operator ISA.
Posted On August 26, 2021
, By Loren Moss
Above photo: Parque Del Café is an amusement park minutes outside of Armenia that entertains visitors while educating them on coffee culture. Photo © Loren Moss
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Copa Airlines To Start Panamá – Armenia, Quindío Route In December

Along with Pereira and Manizales, Armenia is part of the Colombian “Eje Cafetero” (coffee axis), and its many coffee farms have become international tourist attractions. There are even coffee-themed and agriculture themed amusement parks nearby.
Posted On August 26, 2021
, By Loren Moss
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Support For Globalization Declines In Colombia, According To World Economic Forum Report

55% of Colombians support more trade barriers to imports of foreign goods and services, while a majority of 54% of Colombians still agree that “Overall, globalization is a good thing for my country.”
Posted On August 26, 2021
, By Loren Moss
Image by PublicDomainPictures from Pixabay
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Insurance Sector Says Property Damage From Colombia Unrest Exceeds $62 Million USD

The amount represents claims for 5,158 insured risks, including real estate, public transport, private goods, vehicles, and cargo. According to Fasecolda, insurers expect to pay $154.7 billion pesos on 1,850 private risks, and $60.7 billion on 347 public-sector risks.
Posted On August 26, 2021
, By Loren Moss
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Syndicalist Groups In Colombia Call For More Strikes After Government Releases New Tax Reform Proposal

Colombia's "Comité Nacional de Paro," a coalition of labor unions and syndicalist groups has called for national strikes in Colombia for the 2nd time this year, after the government released a revised fiscal package.
Posted On August 26, 2021
, By Loren Moss
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Expert Analysis: Colombia’s Tax Reform 2.0 – What’s In It?

Another aspect is the normalization tax complementary to income tax. This 17% tax would be reincorporated with the purpose of normalizing omitted assets or nonexistent liabilities, and would be in force for the year 2022. During 2021 an advance payment of 50% must be made.
Posted On August 25, 2021
, By Humberto Rodriguez
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What Jumps Out: Green Shoots?

On a more optimistic note, the MSCI COLCAP finally appears to be gaining a foothold in 2021, we are no longer bottom of the pile and for foreigners in particular, there are bargains to be had.
Posted On August 25, 2021
, By Rupert Stebbings
Magdalena River
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Metropolitan Touring & AmaWaterways To Launch 7-Day Cruises On Colombia’s Magdalena River

Launching December 2023, guests can explore the hidden treasures of the Magdalena River for the first time aboard a new all-suite, eco-friendly river cruise ship.
Posted On August 25, 2021
, By Loren Moss
Tecnoglass at NASDAQ
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With Market Capitalization Surging Past $1.1 Billion USD, Colombia’s Tecnoglass Rings NASDAQ’s Bell

Tecnoglass stock recently reached a high of $24.60 USD per share, almost five times its value of just a year ago.
Posted On August 25, 2021
, By Loren Moss
Viva Air Foundation Delivers 5.5 Tons Of Books To Young Readers In Rural & Indigenous Communities Of Cauca & La Guajira, Colombia
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Viva Air Foundation Delivers 5.5 Tons Of Books To Young Readers In Rural & Indigenous Communities Of Cauca & La Guajira, Colombia

Viva Air’s nonprofit affiliate has begun delivering thousands of books to rural and indigenous children. The initiative follows up on Viva’s delivery of 3,502 school supply kits to youth on the impoverished La Guajira peninsula.
Posted On August 25, 2021
, By Loren Moss
Jairo Clopatofsky, seated
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Jairo Clopatofsky Appointed Colombian Ambassador To Jamaica

Clopatofsky Ghisays, born in Cartagena in 1961, is a business administrator, with studies in Political Science at the Javeriana University, and a master's degree in Public Administration at Harvard University.
Posted On August 25, 2021
, By Loren Moss
31 Colombian Girls Fly Mission To NASA, Thanks To She Is Foundation & Avianca
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31 Colombian Girls Fly Mission To NASA, Thanks To She Is Foundation & Avianca

The “Ella Es Astronauta” program lasts eight months and starts with online classes before a capstone trip to NASA in the US, lasting five days with training and a graduation ceremony. Along with learning about science and aeronautics, the girls are taught leadership and creativity skills.
Posted On August 25, 2021
, By Loren Moss
The all-suite Star Breeze
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Colombia OKs Return Of Cruise Ships, First Ship Arrives Today

Lombana reported that inter-institutional work made it possible to establish biosafety protocols for managing and controlling the risk of COVID-19 in activities related to the arrival, stay and departure of passenger ships.
Posted On August 24, 2021
, By Loren Moss
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After Less Than A Year, Blanca Liliana Ruiz Out & Javier Lastra Fuscaldo In As Head Of EPM’s Afinia

EPM’s management has been a constantly revolving door since Medellín’s Mayor Daniel Quintero took office, the utility seeing 4 CEOs in less than two years, resignation of the board of directors, and further intrigue. Now that instability appears to be affecting Afinia.
Posted On August 19, 2021
, By Loren Moss
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Wingo Receives Panamá Operating Certificate

So far, Wingo, which flies between 28 cities in 11 countries, has not publicized new routes from Panamá.
Posted On August 18, 2021
, By Loren Moss
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What Jumps Out: Back At The Desk

Here in Colombia the market has been crying out for new blood, we have seen multiple names such as Tablemac delist, others including Éxito who are no longer part of the MSCI COLCAP and recently Avianca which has been put on the naughty step due to Chapter 11.
Posted On August 18, 2021
, By Rupert Stebbings
La Sierra Thermoelectric Power Plant
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EPM Suffers Fire At La Sierra Thermoelectric Power Plant

The fire reduces the facility’s output from 393 megawatts to 246 megawatts until repairs can be made. EPM reports that there were no injuries, and the cause of the fire is under investigation.
Posted On August 18, 2021
, By Loren Moss
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Ecopetrol Signs Deal With Minhacienda To Take Control Of Isa

Colombian oil producer Ecopetrol has signed an agreement to purchase the Ministry of Finance & Public Credit's (Minhacienda) share of electrical grid operator Interconectado Eléctrica SA, or ISA.
Posted On August 16, 2021
, By Loren Moss
With a growing fleet of 18 new aircraft, 8 of them with NEO engines, Viva is now dominating the market for flights to San Andrés
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Viva Air Strengthens Domestic Network With 5 New Routes + More Frequencies To Leticia

Tickets have gone on sale for five new national routes: San Andrés-Pereira, San Andrés- Barranquilla, San Andrés-Bucaramanga, San Andrés-Cartagena and Cartagena-Bucaramanga.
Posted On August 14, 2021
, By Loren Moss
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EPAM Systems Acquires Bogotá-Based Software Developers S4N

With the addition of the S4N team, EPAM now employs more than 1,500 IT professionals in LatAm and plans to add several thousand additional jobs over the coming years.
Posted On August 14, 2021
, By Loren Moss
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Tecnoglass Set To Ring NASDAQ’s Bell Friday, Foundation Rewards Colombian Olympians

After reporting a string of record-breaking results, Tecnoglass senior management and directors will ring the opening bell at NASDAQ in New York this Friday, at 9:30am EST. Click the link in the article for a live video stream.
Posted On August 14, 2021
, By Loren Moss
(Photo credit: Avianca)
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Avianca Says It Plans To Launch 23 New International Routes

From Colombia, Avianca launches 13 new direct routes from Cali to: New York, Cancun, Mexico City, San José and Quito; from Medellín to: Aruba, Mexico City, Orlando, San José, Quito and Guayaquil; from Bucaramanga to Miami, and Bogotá will launch a direct flight to Toronto, Canada.
Posted On August 14, 2021
, By Loren Moss
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While Leaving Hundreds Of Thousands Stranded, Spirit Airlines Filed To Add 4 New Miami-Colombia Routes Last Week

Spirit already flies to seven Colombian cities, primarily from Fort Lauderdale, but also from Miami and Tampa. Colombian travelers were not spared in Spirit’s operational meltdown last week, with multiple flights canceled or delayed.
Posted On August 11, 2021
, By Loren Moss
Colombian-Canadian cannabis firm Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC),
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Cannabis Producer Khiron Issues First Environmental, Social & Governance (ESG) Report

Khiron says the report adheres to global reporting initiative (GRI) standards and reflects the alignment of Khiron's goals with the United Nations Sustainable Development Goals.
Posted On August 11, 2021
, By Loren Moss
Avianca ATR 72-600
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Avianca Files Reorganization Plan With US Bankruptcy Court

The next step in the Chapter 11 process will be a hearing for the United States Bankruptcy Court to consider the approval of the disclosure statement, which is scheduled for September 14, 2021.
Posted On August 11, 2021
, By Loren Moss
Edgardo Torres-Caballero, Managing Director of Mambu Latin America.
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Financiera Dann Regional’s New IRIS Bank Selects Mambu SaaS Suite

Mambu’s cloud-native SaaS subscription-based platform allows Financiera Dann Regional to expeditiously scale its growth and enables agile SME product design and launches.
Posted On August 10, 2021
, By Loren Moss
Cannabis cultivator Flora Growth Corp. (NASDAQ:FLGC) has announced that it will host its first half 2021 earnings call via webcast on Thursday, August 19th,
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Flora Growth Announces Time & Date Of First Earnings Call

During the webcast, management will deliver financial results, operational updates, and provide comments on recent growth and M&A initiatives announced in the period since the company listed its shares on Nasdaq
Posted On August 10, 2021
, By Loren Moss
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Tecnoglass Reports Most Profitable Quarter In Company History

Tecnoglass' adjusted EBITDA Up 52.7% Year-Over-Year to a Record $35.6 Million, or 29.3% of Total Revenues. “Our ability to timely deliver best-in-class products led to outsized revenue growth and market share gains in the U.S. during the second quarter."-Christian Daes
Posted On August 6, 2021
, By Loren Moss
El Silencio mine – In-fill Drilling Grade Intercepts on Manto and 1180 veins
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Gran Colombia Gold Finds Two More High-Grade Veins At El Silencio Mine In Segovia

High-grade intercepts from two new veins recently discovered by this in-fill drilling campaign at the El Silencio mine provide and corroborate information of importance for the current and future development of different sectors of this flagship mine.
Posted On August 6, 2021
, By Loren Moss
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Colombia Gold Symposium 2021 Announces Economic Development Awards, Nominations Open Until October 15

“We hope this initiative serves to inspire to develop and look forward to showcasing the great projects companies are advancing with their communities,” said Paul Harris, Colombia Gold Symposium President.
Posted On August 6, 2021
, By Loren Moss
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Australian Osemah Elhassen Captured In Colombia, Trapped By FBI’s ANOM Fake Messaging App

Colombia’s attorney general indicated that Elhassen is wanted for belonging to a transnational drug trafficking network active in Europe, Asia & South America.
Posted On August 6, 2021
, By Loren Moss
Above: PriceSmart has installed enclosures around cashiers to isolate them from shoppers during checkout, along with other safety measures. Pricesmart Medellín photo: Loren Moss
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PriceSmart Says Fiscal Q3 Revenues Increased 11.9% TO $895.3 Million USD

"We are on target with plans to open new warehouse clubs in Guatemala City, Guatemala and Bucaramanga, Colombia in the fall of 2021, and in Portmore, Jamaica in the spring of 2022,” said CEO Sherry S. Bahrambeygui.
Posted On August 5, 2021
, By Loren Moss
Feria De Las 2 Ruedas
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Feria De Las 2 Ruedas Motorcycle Industry Trade Show Successfully Switched To Virtual For 2021, Returns To Plaza Mayor In May 2022

The Feria De Las 2 Ruedas went online during 2021 and saw strong industry participation, with 61 industry companies giving over 115 multimedia sessions. Feria De Las 2 Ruedas Returns To Medellín's Plaza Mayor May 12-15, 2022
Posted On August 5, 2021
, By Loren Moss
Colombia Reactivates 3 Interpol Red Notices For FARC Dissident “Ivan Marquez” – US Offers $10 Million Reward
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Colombia Reactivates 3 Interpol Red Notices For FARC Dissident Ivan Marquez – US Offers $10 Million Reward

Yesterday, Colombia’s attorney general and national police have announced that it is formally seeking Marquez, whose birth name is Ivan Luciano Marquez Marin Arango, on charges of aggravated homicide, forced disappearance, illegal recruitment of people, and homicide of protected persons.
Posted On August 5, 2021
, By Loren Moss
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Nature Lover? Cyclist? Surfer? Golfer? Here’s How To Bring Your Bicycle, Surfboard & Golf Clubs – Now Is The Time To Visit Colombia.

Over the last few years, Colombia has recognized that its natural and cultural wealth can be enjoyed by travelers while also being protected and preserved through sustainability guidelines.
Posted On August 4, 2021
, By Loren Moss
Now, Viva has simultaneously trolled Spirit and offered a discounted ride home to stranded travelers
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Viva Clowns On Spirit Airlines During Operational Meltdown, Offering Stranded Spirit Passengers (And Anyone Else) Discounted Fares Out Of Florida

Viva has simultaneously trolled Spirit and offered discounted flights to stranded travelers with a 20% discount on Viva flights out of Florida through August 8 by using this promo-code:
Posted On August 3, 2021
, By Loren Moss
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Spirit Airlines Operations Collapse, Thousands Left Stranded, Hundreds of Flights Cancelled, Employees Flee Airport, According To Passengers

Just days after reporting a $287.9 million USD quarterly loss, Spirit Airlines gate and ticketing staff are overwhelmed and unable to deal with the thousands of frustrated passengers, many of whom have been stranded in airports beyond 24 hours.
Posted On August 3, 2021
, By Loren Moss
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Viva Air Files For Major International Expansion, Seeks Permission For Flights To 6 New Cities In 4 New Countries

Viva Air CEO Felix Antelo, a native of Argentina himself, has stated publicly that the airline expects to connect North & South America “from Buenos Aires to New York” through its Medellín hub.
Posted On August 2, 2021
, By Loren Moss
The Cancún destination adds to Wingo’s route network to and from Cali, already connecting Panamá City, San Andrés, Cartagena, and Bogotá with 26 weekly flights from Colombia’s third largest city.
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Wingo Launches 2X Weekly Flights Between Cali, Colombia & Cancún, México

The Cancún destination adds to Wingo’s route network to and from Cali, already connecting Panamá City, San Andrés, Cartagena, and Bogotá with 26 weekly flights from Colombia’s third largest city.
Posted On August 2, 2021
, By Loren Moss
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New Book From The Editors Of Finance Colombia – Doing Business In The Bahamas: The Bahamas as a Nearshore Business, Operations & Investment Destination

The Bahamas deserves close consideration for specialty & high value BPO and nearshore service delivery site selection, as well as consideration by remote worker professionals, digital nomads, and lifestyle entrepreneurs. This new book provides valuable information.
Posted On August 2, 2021
, By Loren Moss
La Haus' leadership team. Left to right, Rodrigo Sanchez-Rios, president; Jeronimo Uribe, CEO; Thomas Floracks, CPO; Santiago Garcia, CTO
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Uribe-Connected La Haus Raises Additional $50 Million USD, Jeff Bezos, Gabriel Gilinski, Maluma Among Investors

La Haus was founded by Jerónimo Uribe, CEO; Rodrigo Sánchez-Ríos, president; Tomás Uribe, Chief Growth Officer; and Santiago Garcia, CTO. The Uribe brothers are sons of Colombia’s former President and current Senator Alvaro Uribe.
Posted On August 2, 2021
, By Loren Moss
Alphacredit is a brand of Alpha Holdings
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AlphaCredit Parent Files For Bankruptcy

Last April, the company announced that it would restate its financials for 2018 and 2019 to correct an error in Alpha Holding’s derivative positions. Soon the company had to announce that it found additional accounting errors that would lead to material restatement of other assets, including accounts receivable.
Posted On August 2, 2021
, By Loren Moss
Cocaine laboratory in Tolima dismantled, courtesy Colombian Air Force
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Insight Crime: Colombia Producing Record High Quantities Of Cocaine

The amount of powdered cocaine extracted from a single hectare of coca increased by more than one kilogram in just a year. Potential cocaine output jumped from 6.7 kilograms per hectare in 2019 to 7.9 kilograms in 2020, according to the UNODC report. Three factors are possibly allowing traffickers to produce more...
Posted On August 1, 2021
, By Insight Crime
The Cali route joins the Bogotá – Orlando route already operated by the airline, with more than 5 weekly frequencies & 6,000+ seats, from Bogotá to Orlando.
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Avianca Launches 3X Weekly Cali – Orlando Route

The Cali route joins the Bogotá – Orlando route already operated by the airline, with more than 5 weekly frequencies & 6,000+ seats, from Bogotá to Orlando.
Posted On August 1, 2021
, By Loren Moss
https://www.financecolombia.com/wp-content/uploads/2021/08/los_combita.jpg
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Colombian Police Take Down Webcam Pornography Extortion Ring

They took advantage of both men and women seeking employment as sexual webcam models to demand a “casting” audition from candidates where they had to send photos and videos of a sexual nature to later extort them through text messages and intimidating calls, demanding sums between 2-3 million pesos in exchange for...
Posted On August 1, 2021
, By Loren Moss
Sprößer was detained then deported by Colombian Migration (photo: Migración Colombia)
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Colombian Government Expels German Tourist Taking Part In Deadly Protests, Bans Entry For 10 Years

Sprößer, whose visa would have expired after 90 days, said she would not be returning to Germany, but planned to give classes on politics and economics to protesters. “I have never felt very German, I have always liked Latin America,” she told El Tiempo. Sprößer is now banned from entering Colombia for 10 years,...
Posted On August 1, 2021
, By Loren Moss
Vladimir Polyanskiy captured for the crime of drug trafficking in the city of Medellín.
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Alleged Russian Hashish Kingpin Captured In Medellín’s Airport

Polyanskiy is the subject of an Interpol red notice, and is wanted by Russian authorities who accuse him of belonging to a transnational hashish smuggling organization.
Posted On July 30, 2021
, By Loren Moss
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ANDICOM, Colombia’s Flagship IT Industry Event Returns To Cartagena’s Convention Center November 17-19

The region's benchmark international ICT Congress, returns to an in-person modality in Cartagena November 17-19, 2021, expecting approximately 2,000 participants attending with biosafety measures and capacity measures in place.
Posted On July 27, 2021
, By Loren Moss
Tecnoglass window-making factory in Barranquilla, Colombia. (Photo credit: Liliana Padierna)
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Tecnoglass To Hold Earnings Call The Morning Of August 6

The conference call will be broadcast live over the Internet. Additionally, a slide presentation will accompany the conference call. To listen to the call and view the slides, please visit the Investors section of Tecnoglass' website at www.tecnoglass.com.
Posted On July 27, 2021
, By Loren Moss
“Hydropower Latin America 2020” has evolved and now compiles projects from the solar, wind and water industries : “Renewables Latin America 2021” Request more info, free reports and videos of last congress, here: https://bit.ly/3Ax8cOF
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4th Annual Renewables Latin America 2021 Returns To LIVE Format In Medellín, October 6-7

“Hydropower Latin America 2020” has evolved and now includes projects from the solar, wind and water industries, renamed now as “Renewables Latin America 2021” & taking place in a Medellín convention facility.
Posted On July 27, 2021
, By Loren Moss
Invenergy Woodville Solar Farm, photo courtesy Invenergy
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Canadian Solar Wins 45 Mw Solar Battery Storage Project For Barranquilla, Colombia

The Barranquilla project is designed to strengthen the electricity transmission network in the Atlántico Department in northern Colombia and support the government's efforts to prevent future supply deficits.
Posted On July 13, 2021
, By Loren Moss
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Fitch Downgrades EPM Credit Ratings From BBB- To BB+ After City of Medellín Credit Downgrade

Fitch views EPM's corporate governance as weak due to the strong influence exerted by the company's owner, the City of Medellin. EPM has an ESG Relevance Score of '4', which reflects the company's recent instability in board membership and indicates that the score has a negative impact on the company's credit profile.
Posted On July 13, 2021
, By Loren Moss
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