Empresa Boliviana de Alimentos y Derivados (EBA) and the National Service of Protected Areas (Sernap) signed yesterday an interinstitutional agreement to produce 120 tons of honey per year. The interinstitutional agreement establishes the implementation of 4,000 hives in protected areas located in the departments of La Paz, Cochabamba, Chuquisaca, Tarija and Santa Cruz.
Category: Business
Information regarding the business sector.
Santa Cruz Financial Group and Grupo Empresarial Lafuente seal $4.5 bn financing deal
The agreement signed between the two investment groups aims to reactivate the construction sector's productive chain and promote different projects. The Santa Cruz Financial Group S.A. (Banco Fassil) will finance Grupo Empresarial La Fuente with approximately $4.5 billion to carry out the urban development project La Nueva Santa Cruz Inteligente.
Guabirá awaits YPFB’s response and aspires to sell 9 million litres of ethanol per year
The Guabirá sugar mill proposed to Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) the sale of 9 million litres of ethanol per year, in addition to the volumes already committed to the state-owned company, to be paid through Tax Credit Notes (Nocres).
Mutún Project is 5.5% complete and will finish in 2023
Empresa Siderúrgica Mutún (ESM) informed that the progress in the construction of the steel plant is 5.5 per cent and that the project expects to complete by the end of 2023 when the factory produces at least 200 thousand tons of corrugated steel per year. The state-owned ESM has already disbursed to the Chinese company Sinosteel, in charge of executing the project, 37 per cent of the amount agreed for the construction of the steel plant, which amounts to $546 million.
YPF exits Bolivia and Petrobras reduces its stake in Charagua by 40%
The unattractive conditions for attracting investments in hydrocarbon exploration in Bolivia reflected in the decisions taken by the foreign operators Petrobras and YPF: the former put its assets up for sale to complete its exit from Bolivia, and the latter opted to reduce its participation in the exploration of the Charagua area by 40 per cent.
Viva invests $5 mn to improve signal in Santa Cruz
Viva's investment in the country is significant and divides into stages. The first stage, which has already concluded, was focused on Santa Cruz. It began in 2020 with the installation of more than 40 LTE transmission sites and planned to install another 60 in a second stage. It will increase coverage in Santa Cruz by more than 30%. In Santa Cruz alone, the investment is $5 million.
Emapa faces arbitration over a $2.8 mn claim
Empresa de Apoyo a la Producción de Alimentos (Emapa) is facing international arbitration for the purchase of transgenic wheat for $2.8 million. The process is 30% complete and expects to e in June of this year.
YPFB launches the contracting of goods and services 2021 for $83 million
The state-owned YPFB launched 437 contracting processes for approximately $83 million. The awards scheduled until May 31. The processes published with due anticipation on each company's web page through advertisements in national newspapers. In addition, the YPFB 2021 Fair web page has been created for suppliers to access the requirements and the technical and legal requirements.
“When we started, no one believed us”: Bolivia’s Electric Car
Bolivia has the possibility of becoming a geopolitical center of electro-mobility. Due to the easy access to clean energy, the large lithium reserves of the country, said Carlos Soruco, one of the founders of Quantum Motors, the pioneering EV factory in the country.
Tigo Business inaugurates the first Data Center in Bolivia with a $20 million investment
Tigo Business launched its TIER III Data Center, the first world-class data centre in the country, part of 12 data centres in Panama, Guatemala, Honduras, Paraguay and Colombia. It is a storage and processing space created to help the most critical companies in Bolivia to improve and simplify their business processes through the intelligent management of their information: the essential asset of digitization.
