Two companies control more than half of the $2.2 billion snack foods industry in Colombia

From 2015 to 2020, the snack business in Colombia increased its value by 25.5%, from $1.8 billion (Co$6.6 billion) to $2.58 billion (Co$ 8.2 billion), informed the Edenred Food Barometer in its latest report for Colombia. The American based Pepsico and local Nutresa have a 56.9% stake in the entire business. According to the barometer, the current covid-19 outbreak has changed the market dynamics as Colombian households increased their consumption of snacks by 72% last year.

Colombia reported 111 active oil drills in March

The monthly oil production estimate in Colombia increased by 1.17% from 745,500 barrels per day in February to 754,200 barrels in March, reported the Colombian Chamber of Oil, Gas and Energy Goods and Services (Campetrol). Compared to last month, the number of active drills in the country also increased by seven to 111. However, production is still 12% lower than in March 2020.

Globa Ventures to invest $750,000 in two Colombian start-ups

The Globant Corporate Fund revealed yesterday its decision to invest more than $ 750,000 in two Colombian apps: LookApp and B2Chat. The first one specialises in real-time market research, and the second provides corporate messaging services to companies. Over the past two years, Globant Ventures has injected more than $4 million into nine startups in the field of artificial intelligence, augmented reality, logistics, the internet of things, and process automation.

Latam Colombia reaches 80% of pre-pandemic operational capacity

Despite the current Covid-19 outbreak, the Colombian subsidiary of Latam Airlines Group, Latam Colombia, transported one million passengers between January and March 2021. According to the airline, this represents 85% of its pre-pandemic (2019) operational capacity. Cartagena and Santa Marta are the two destinations with the highest increase in demand.