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"Colombia is a key part of our strategy to invest more across the region,” said Ryan Brennan, vice president of OPIC.

Kimberly Clark and Grupo Familia face fines of 4.1% and 3.5% of their sales, respectively, in the Colombian and Ecuadorian markets.

Peace talks resumed this week in Havana between the Colombian government and the nation’s remaining guerrilla faction, the National Liberation Army (ELN).

The new infrastructure traverses a 585-kilometer route with an installed capacity of 400 gigabits in the transmission layer.

Zurich expects the transaction to be finalized “by the end of 2018” and funded by internal sources.

Colombian household goods firm Grupo Familia acquired Industrial Papelera Ecuatoriana of Ecuador earlier this month for $36 million USD.

Cali, the third largest city in Colombia, ranked ninth among the continent’s on-the-rise destinations.

The abduction reportedly occurred around 7:30 am on the day that the UN head arrived in Colombia to discuss the nation’s peace process.

President Santos recalled the nation's peace negotiator from Ecuador and told the military to "act with force and respond to this ELN aggression."

Government negotiators and the ELN had stepped up the urgency to reach an agreement in the lead up to this week’s historic visit by Pope Francis.