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Almost simultaneously with a ruling against Uber, Supertransporte, the enforcement organ of Colombia’s Ministry of Transportation (above photo) has ordered the liquidation of CAP Technologies S.A.S.; the company behind the Picap brand of mobility, a local alternative to Uber. In...

Uber will cease services in Colombia on midnight, January 31. This comes after Colombia’s commercial regulatory authority, the Superintendencia de Industria y Comercio (SIC) ordered Uber to cease operations in Colombia.

Continental’s team has now qualified for the 12th International Mines Rescue Competition in West Virginia Continental Gold’s (TSX: CNL) Buriticá, Antioquia-based emergency mine rescue teams excelled at the Colombian Mine Rescue Olympic Games, competing in simulated...

Canada based Flora Growth Corp. has announced that it has entered into a letter of intent to acquire a 90% equity interest in Colombian juice producer Kasa Wholefoods Company S.A.S. Kasa produces exotic Amazonian fruit juices and chocolates under the “Mamba” brand in Colombia....

Colombia’s economy continues to grow, and the country attracts more foreign direct investment every year. Just this October, over a billion US dollars in FDI was announced at investment Promotion Agency ProColombia’s 2019 Investment Summit. Colombia’s capital of 9 million souls,...

Finance Colombia has learned that Jorge Londoño De la Cuesta has resigned his post as head of Empresas Públicas de Medellín (EPM), the country’s largest energy provider. Though it was expected De la Cuesta would be replaced by the incoming administration of mayor-elect Daniel...

Toronto based Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a biopharmaceutical company focused on the development, manufacturing and commercialization of organic and sustainable plant-derived cannabinoid-based products, has announced last Friday that it has entered into a...

S&P Global Ratings last week raised its issuer credit rating to ‘B-‘ from ‘SD’ and its issue-level rating on the 9% senior secured notes due 2023 to ‘B-‘ from ‘CCC-‘ and the 8.375% senior unsecured notes due 2020 to...

Colombia’s President Iván Duque Márquez announced yesterday, from his Twitter account, the appointment of University of Los Andes economist Arturo José Galindo Andrade as the new co-director of the Banco de la República, Colombia’s Central Bank, replacing José Antonio Ocampo. “I...

Colombia’s government has raised the minimum wage for 2020 by 6% to $980,657 Colombian Pesos ($298.92 USD) per month, including the transportation subsidy mandatory for employees making less than twice the official minimum wage. The minimum monthly salary will be set at $877,803...