Restaurant sales in Cochabamba dropped by almost 40% due to COVID-19

The Covid-19 pandemic decreased restaurant sales in Cochabamba by almost 40%. Of the approximately 4,000 restaurants, 30% have closed permanently, while another 15 % are at risk of going out of business as a result of the impacts of the second wave. According to the Asociación de Empresarios de Restaurantes y Afines (Aserac), all restaurants in the city had to withdraw staff. Before the pandemic, the sector generated 40,000 direct jobs and 80,000 indirect jobs.

Softbank to invest $1 bn in Latin America in technology by 2021

Japanese conglomerate SoftBank Group plans to invest close to $1 billion from its Latin American private equity fund this year as it looks to boost technology growth in the region in the wake of the Covid-19 pandemic, including agricultural technology. About 70% of the fund's investments will continue to be in Brazil, but there will also be opportunities in Mexico, Argentina and Colombia. The $5 billion fund has already invested $2.3 billion in Latin American companies such as Banco Inter, Rappi and Gympass.