Debt of the Central National Government of Colombia reached 59.9% of GDP in August

The Colombian Ministry of Finance announced that, as of August this year, the total debt of the Central National Government reached $156 bn, 59.9% of the Gross Domestic Product. The internal debt, according to the report, is the one that weighs the most in the total: 37.3% of GDP; while the external increases to $ 60,796 mm (22.7% of GDP).

UN rights expert urges Colombia to suspend some Cerrejon mine operations

David Boyd, UN Special Rapporteur on human rights said Colombia should suspend some of coal miner Cerrejon’s operations, citing health and environmental concerns. Cerrejon, owned equally by BHP Group, Anglo American and Glencore, has rejected the allegations and said the Rapporteur’s comments were concerning. The statement comes after a request by a British barrister alleging that mining has damaged the health of local Wayuu indigenous people.

Bekaert and Almasa seek to merge steel wire activities in Colombia

Bekaert and Almasa have reached an agreement on the merger of Proalco SAS (subsidiary of Bekaert) with the steel wire activities of Almasa SA, both located in Colombia. Bekaert Ideal Holding (in which Bekaert holds 80% of the shares) and Almasa SA would each hold 50% in Proalco SAS after the merger. The transaction is subject to customary closing conditions including regulatory approvals and is expected to close before year-end 2020. It will add approximately € 20 million in annual revenue to Proalco SAS, which generated € 65 million in revenue in 2019.

Greenwood Energy Latinoamérica acquires Colombian 2C POWER to create a cleantech energy company for Latin America

Greenwood Energy Latinoamérica, the Latin American renewable energy subsidiary of the Libra Group, has acquired Colombia-based 2C POWER, a developer-operator that builds and finances sustainable energy solutions for commercial and industrial clients. The consolidated company, henceforth Greenwood Energy, will develop, install, operate and finance projects in the cleantech space with a particular focus on distributed generation. This is the Libra Group's first investment in Colombia and extends the group's energy sector platform in the Americas to the South American continent.

Colombia launches $600 mm rural Wi-Fi tender

Colombia's Ministry of Information Technology and Communications (Mintic) has announced a tender to build at least 9,410 digital centres with free Wi-Fi services in rural localities by 2022. The tender is open until 16 October, with the ministry allocating around $ 590 mm to the project. The project will build community centres with an indoor and outdoor Wi-Fi access point in 4,658 sites in 16 departments plus the Bogota capital district in the first contract and 4,753 sites in another 16 departments in the second contract.

Colombia Extends Selective Quarantine Until End of October

Colombia will extend a so-called selective quarantine for the duration of October, President Ivan Duque said in a nightly address on Monday, and urged citizens to avoid meeting in large groups. The Andean country began more than five months of lockdown in March. It entered a much-looser “selective” quarantine phase - allowing dining at restaurants and international flights - at the start of September.