Business
June 13, 2024
Empowering Women in Entrepreneurship: Insights from ICR Conference Address Financing Gap and Challenges Across ACP Regions
The Investment Climate Reform (ICR) facility conference in Rwanda highlighted a $3.4 trillion financing gap for women's entrepreneurship in 2024. Caribbean progress contrasted African challenges in women's empowerment.
June 13, 2024
EU to Impose Tariffs on Chinese Electric Cars Amid Industry Concerns
EU considers imposing tariffs on Chinese electric cars due to alleged threat to local industry. Tariffs may affect Chinese EV manufacturers and non-Chinese companies producing EVs in China.
June 13, 2024
Minister Defends Government's Blue-Green Bank for Sustainable Development and Climate Resilience
Minister Marsha Caddle defends Barbados' Blue-Green Bank as a pivotal step towards sustainable development and climate resilience, emphasizing innovative financial frameworks and self-reliance over foreign dependency.
June 13, 2024
Barbados Hotel and Tourism Association Outgoing Chairman Urges Industry to Uphold High Standards for Employee Treatment
Outgoing BHTA Chairman Renee Coppin emphasizes the importance of high standards and fair treatment in the tourism industry. She discusses labor relations and the right to decertify agreements.
June 13, 2024
Barbados' Airlift Capacity Surges, Boosting Tourism Growth: BHTA Chairman Reports
Barbados sees a surge in airlift capacity, with major developments in UK and US markets. Virgin Atlantic and new flight routes contribute to projected growth in tourism.
June 13, 2024
Viola Davis Discusses African Experience and Cinema Development at 31st Afreximbank Annual Meeting
Actress Viola Davis participates in the 31st Afreximbank Annual Meeting and AfriCaribbean Trade and Investment Forum, signing a collaboration agreement to promote African narratives in the global cinema industry.
June 12, 2024
Regional Central Banks Prepare Pilot Program for Pan-African Payment System to Reduce Dependency on US Dollar
Regional central banks are shifting towards a payment system less reliant on the US dollar, favoring local currencies. A pilot program based on the Pan African Payment System is set to launch soon.
June 12, 2024
Unlocking Trade Potential: Prospects for a Free Trade Agreement Between Africa and the Caribbean
Pamela Coke-Hamilton of ITC discusses the potential for a reciprocal free trade agreement between Africa and the Caribbean at the Afreximbank Annual Meetings and ACTIF2024. Opportunities and challenges in trade relations highlighted.
June 12, 2024
Barbados Blue Green Bank set to Fund Climate-Resilient Projects: Legal Framework and Objectives Explained
The Blue Green Bank, launching soon, will fund climate-resilient projects in Barbados. The bank aims to support green energy technologies, climate adaptation, and lower finance costs for eco-friendly initiatives.
June 12, 2024
Enhancing African and Caribbean Trade Relations for Mutual Growth: Insights from Afreximbank's COO
Efforts to boost trade between the Caribbean and Africa could mirror successful vaccine cooperation. Afreximbank's COO sees potential for increased product exchange at upcoming meetings in the Bahamas.
June 12, 2024
Barbados Entrepreneurs Seek Financial Support from State-backed Lenders and Government, Reports BTFL General Manager
Entrepreneurs in Barbados are increasingly seeking financial support from state-owned lenders like Barbados Trust Fund Loans and Fund Access, with the government providing essential resources. Loans now offer up to $10,000 for second-time applicants, emphasizing business sustainability and local market growth.
June 12, 2024
Developer's Proposal on Joe’s River Access Sparks Dispute Among St Joseph Residents
Residents of St Joseph are in a dispute over construction at Joe’s River. A proposed solution has caused tension between a resident and a legal team member. Access issues persist.