Articles
Business intelligence and analysis on Ecuador
Celec Awards USD 47.8M 50 MW Diesel Rental For Enrique García Plant
Celec awarded a USD 47.8 million contract to rent 50 MW of land-based thermal generation for the Enrique García plant in Guayaquil. The process launched on May 7 and was awarded July 8, creating a timing risk ahead of Ecuador’s October dry season.
Colombia Lifts Restriction On Ecuador Cargo Transport Operations
Colombia lifted a requirement affecting international ground cargo operations between Ecuador and Colombia on July 9, 2026. The change follows a June 15 CAN ruling that deemed the measure contrary to Andean Community law and gave Colombia 20 days to remove it.
Descartes’ USD 30M Drivin Acquisition Extends Into Ecuador Logistics
The Descartes Systems Group acquired Chilean logistics platform Drivin for USD 30 million. The transaction reaches Ecuador through Drivin’s local operation, which serves corporate and SME logistics clients in consumer goods, food and beverages, retail, pharmaceuticals and logistics operations.
Imbabura Targets USD 150,000 In 2026 Tango Mandarin Exports To U.S.
Ecuador is exporting tango mandarins from Imbabura to the United States, with the first of six planned shipments totaling 23,430 kilograms. Agrocalidad expects 140,550 kilograms in 2026, equivalent to USD 150,000 in planned exports.
Monetary Code Reform Proposes Inclusion Credit Rates For Borrowers Without History
A Monetary Code reform under review in the National Assembly proposes a special interest-rate regime for borrowers without credit history or risk-bureau records. The Financial and Monetary Policy Board would set the regime, while the proposal currently limits inclusion loans to 36 months.
Ecuador Private Banks Post Record USD 544.1M H1 Profit
Ecuador's private banking system reported USD 544.1 million in first-half 2026 profit, the highest first-half figure in a decade. The result was up 30.39% from USD 417.3 million in H1 2025, while Pichincha, Pacífico, Guayaquil and Produbanco captured 72% of sector profits.
SRI Shifts Commercial Transport Billing To Authorized Operators
Ecuador's SRI changed commercial transport billing rules from July 13, 2026. Heavy cargo, school, tourism, mixed, alternative and light cargo transport must now invoice clients through authorized operators, with 90 days to adapt electronic billing systems.
Ecuador Confirms Second Fusarium Foc R4T Case In El Oro
Agrocalidad confirmed Ecuador's second positive case of Fusarium oxysporum f. sp. cubense Tropical Race 4 on July 14. The detection was in El Quemado, El Oro, adjacent to La Carolina, where authorities registered the country's first outbreak.
Nestlé Moves Nature’s Heart Production From Tabacundo To Guayaquil
Nestlé is moving Terrafertil's Nature's Heart production operation from Tabacundo to Guayaquil. Terrafertil reported 141 employees and USD 30.9 million in sales revenue in 2025, according to company-superintendency information cited in the report.
Guayaquil Business Chambers Challenge SRI 60% Credit-Note Limit
The Guayaquil Chamber of Industries and Guayaquil Chamber of Commerce challenged SRI Resolution NAC-DGERCGC26-00000015, which limits use of credit notes to 60% of the tax amount due from May 1, 2026. The chambers argue the measure hurts productive-sector liquidity.
SCE Clears TIL Acquisition Of Guayaquil’s Naportec Bananapuerto
Ecuador’s competition authority cleared TIL to acquire Naportec S.A., the Guayaquil Bananapuerto asset formerly tied to Dole Food Company. The transaction was previously announced at roughly USD 75 million, and SCE said the operation does not alter competition in the relevant port and container-shipping markets.
Fruta Del Norte Produces 118,994 Gold Ounces In Q2 2026
Fruta del Norte produced 118,994 ounces of gold in Q2 2026, including 79,208 ounces in concentrate and 39,786 ounces of doré. Lundin Gold sold 110,385 ounces at an average price of USD 4,359 per ounce and maintained 2026 guidance of 475,000-525,000 ounces.