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Medellín's mayor actually reported Colombia's President to US authorities for suspected ties to the Colombian underworld.

Under intense scrutiny in the Aguas Vivas scandal, the former Mayor of Medellín launched his presidential campaign, facing increasing legal troubles.

Swiss cement company LafargeHolcim (SIX: CHF) has announced that it expects to invest more than 10 million dollars and generate close to 1,000 jobs in the medium term, as it expands its Shared Services operations located in the Ruta N Innovation District of Medellín, Colombia.

Santos signed three new directives aimed to support technology development and innovation, including a tax break for certain software and training programs.