Beef and cattle exports rise by 50%

International sales of Colombian meat and cattle increased twofold in the first two months of this year compared to 2021. While last year exports totalled 16.1 million, this year they rose to $33 million. Meat exports reached 8,635 tons and heads of cattle 51,216, informed Fedegan. Egypt was the biggest buyer of meat with 1,695 tons ($ 5.2 million), followed by Lebanon, 1,196 tons ($ 5.1 million); Hong Kong, 1,165 tons ($ 5.2 million) and Chile, 1,056 tons ($ 5 million).

$5 mn for cocoa fields renovation

The Ministry of Agriculture announced two cocoa plantation programs in Colombia. With $2 million (Co$ 7. 5 billion), the first one seeks to directly support the renovation of 4,000 hectares of cocoa. The second one, with $3.5 million, aims to fund credit lines for renovation. These programs will be carried out in collaboration with the national federation of cocoa growers (Fedecacao). Today, Colombia produces 63,416 tons of cocoa in 188,000 hectares, benefiting 52,000 families in 422 municipalities.

Drummond is certified as an authorised economic operator (AEO) in Colombia

After four years of audits, the multinational coal producer Drummond was certified in Colombia as an authorized economic operator (AEO) by the national tax and customs agency (DIAN) and the Anti-Narcotics Police. This certification is led by the World Customs Organization (WCO) and seeks an agile, transparent and safe trade. According to Drummond, it will … Continue reading Drummond is certified as an authorised economic operator (AEO) in Colombia

Colombia to produce 12% of energy from renewable sources by 2023

To increase to 12% the share of energy from non-conventional renewable sources, diverse companies plan to increase their green investments. In 2021, Celcia is investing about $349 million (Co$ 1.3 trillion). EPM announced plans to invest between $500 million and $1.5 billion in 40 different projects in the longer term. By 2026 the central government expects 6,180 MW from no conventional sources

EPM revenue rises by 18%

In the first quarter of 2021, Empresas Públicas de Medellín's (EPM) year-on-year operating revenue increased by 18% to $1.5 billion (Co$ 5.6 trillion). Net income totalled $230 million (Co$856 billion) and infrastructure investment $322 million (Co$ 1.2 billion) in the same period. According to EPM, higher commercial operations from its water dam portfolio contributed to this result.

Banks to lend $11 bn to MSMEs to boost economic recovery

The national association of banks in Colombia (Asobancaria) launched yesterday 'Colombia Se Activa' economic recovery plan. It is a multi-bank alliance to provide financial services to micro, small and medium enterprises (MSMEs). Under this plan, Asobancaria expects disbursements passed to small and medium-sized companies and their portfolio to grow by 8% and 7.3% this year.