Bolivia to invest more than $100 million for rural electrification

Authorities from the Ministry of Hydrocarbons and Energy guaranteed the investment of more than $100 million to expand and improve electricity service coverage in Bolivia's rural areas. According to the government, the National Electricity Company (ENDE) has increased electricity service coverage in rural areas to 83% and aims to reach 100% by 2025.

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.