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Fitch Ratings has affirmed the ‘BBB-‘ and ‘AA+(col)’ ratings of the UVR-denominated senior secured notes of P.A. Concesion Ruta al Mar for up to $522 billion COP, due in 2044. The Ratings Outlook remains negative. Ratings Rationale The Negative Outlook...

With more than 1,000 business meetings held at Colombia’s recent Colombia Investment Summit 2019, Colombia’s national Investment Promotion Agency (IPA) ProColombia announced over $1 Billion USD in new foreign direct investment (FDI). These include an investment by the US...

The Kingdom of Saudi Arabia has granted phytosanitary certification for exports from four Colombian beef processors, allowing Colombian ranchers to tap into Saudi Arabia’s $400 million USD beef market. Red Cárnica S.A.S. from Córdoba (belonging to Athena Foods, of Minerva...

This morning, international mining companies Continental Gold of Toronto, Canada (TSX:CNL; OTCQX:CGOOF) and Zijin Mining Group Co. of Fujian China (SSE:601899; SEHK:2899)  have announced that Zijin is to acquire all outstanding shares of Continental at a price of $5.50 Canadian...

One week ago last Sunday, Colombian voters went to the polls to choose mayors, neighborhood councils, city councils, and governors. With some notable exceptions, elections were mostly peaceful unlike past decades, but typical localized cases of vote buying and corruption were...

Sunday’s local and gubernatorial elections in Colombia saw stunning defeats for the Centro Democratico, the political party of both current President Ivan Duque and former president Alvaro Uribe. Far left senator and former revolutionary militant Gustavo Petro also saw his hand...

In the first half of 2019, Colombia’s avocado exports are up 37.6% compared to the same period in 2018, according to ProColombia, Colombia’s export promotion agency, and DANE, the national statistics agency. This in contrast to a global increase in consumption of 3% according to...

Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) has announced high-grade channel sampling assay results from six development drifts being prepared as part of the underground construction at its Buriticá project in Antioquia, Colombia. Development of the Buriticá project remains on...

Colombia’s popular tourist town of Guatapé, Antioquia, roughly 2 hours outside of Medellín, has opened a new Malecón, or waterfront parkway, modernizing and increasing public space by more than 19,000 square meters. The public work was realized by joint efforts of the Guatapé...

Global law firm Baker McKenzie has added Carolina Duque to its Colombia Banking and Finance practice. Duque is a local partner specializing in local and international project finance. Duque’s addition is expected to complement the firm’s growth strategy defined by the partners....