“The only way you can be happy is if you be completely yourself. You have to be you.” - Nick van de Wall aka Afrojack (Surinamese-Dutch DJ)
September 12, End Of Day
As the world is facing the growing challenge of food insecurity, Latin America plays an increasingly vital role in global food production and distribution - with its vast natural resources, agricultural expertise, and significant export capacity. However, the paradox of being a major food exporter while facing food insecurity within its borders presents a complex issue that requires attention.
1. Latin America’s Agricultural Powerhouse
2. Contribution to Mitigating Global Food Insecurity
3. Climate Change and Sustainability Challenges
Presto: Presto has made significant developments with 1300 monthly active users in just three months and a waitlist of more than 50,000. Their unique position as the only non-regulated fintech with a VISA partnership in Bolivia. Get to know the case here.
Ubanku: Ubanku is a financial super app designed specifically for the youth. It aims to accelerate users' dreams by offering simple yet effective financial products, with a focus on frictionless scalability and guaranteed low-cost distribution in campuses Get to know the case here.
Superfrutti: Superfrutti is connecting farmers with business owners through technology. Superfrutti maintains an average margin of 17% and growing. They have served over 1000 customers and fulfilled more than 30,000 orders. Dive deeper into the case here.
Dive deeper into other fundraising firms in LatAm here.
Brazil: Amazon Web Services (AWS) will invest $1.8 billion in Brazil through 2034 to expand its data center operations, focusing on building, maintaining, and operating facilities. This follows a previous $3.4 billion investment from 2011 to 2023, underscoring Brazil's growing role as a cloud services hub in Latin America. AWS aims to meet the rising demand for cloud infrastructure from businesses and government entities in the region.
Argentina: Argentina's monthly inflation rate is expected to have eased to 3.9% in August, the lowest since early 2022. While this reflects some progress in controlling prices under President Javier Milei, the slowdown remains marginal. Inflation was driven by rising service and transportation costs. Projections ranged from 3.4% to 4.4%, with the government cutting taxes on imports, which could reduce prices further in September.
Mercosur: Negotiators from the EU and Mercosur made significant progress on divisive issues during two days of trade talks in Brazil, particularly in the areas of environment and government procurement. This positive development brings the long-delayed trade agreement closer to a conclusion, with officials aiming to finalize it by the end of 2024. The deal, which has been under negotiation for 25 years, faces opposition from French farmers concerned about competition and environmental impact, though 11 EU governments have called for a swift conclusion.
Check our recently published insights here. Recent post:
🏨 Emerging Trends in Latin America's Hospitality Tech
In 2024, Latin America's hospitality industry shows dynamic growth and increasing digitalization. Travel and tourism in Latin America are on an upward trajectory, with revenues expected to hit $37.78 billion in 2024 and grow to $43.44 billion by 2028.
Key Developments:
🔍 Read more here.
