Central Bank’s payment system wins consumer body’s support Emmanuel Joseph19/06/202402.5K views A proposal by the Central Bank of Barbados to centralise the commercial banking payment system has received support from a consumer group. The Barbados Consumer Empowerment Network (BCEN) welcomed the… Read more
Nigerian bank to establish Caribbean presence Dawne Parris18/06/202401.8K views A Nigerian multinational commercial bank is making moves to set up in the Caribbean, promising improved access to financial services and expanded digital services. Aigboje Imoukhuede, Chairman of the Lagos-headquartered… Read more
Caribbean Export signs MOU with Afreximbank to support trade, investment Dawne Parris15/06/202401.9K views The regional trade and investment promotion agency on Thursday signed a Memorandum of Understanding with the African Export-Import Bank (Afreximbank) representing their commitment to continued collaboration and cooperation to support… Read more
PM says talks with Nigerian airline for direct flights “going well” Dawne Parris15/06/202402.6K views Prime Minister Mia Mottley has confirmed that government officials are engaged in discussions with Nigerian airline Air Peace – a key investor in the soon-to-be-relaunched regional carrier LIAT – to… Read more
NCF chief defends Bridgetown Market changes amid vendor concerns Sasha Mehter14/06/202401.9K views Amid growing concerns from vendors about changes to this year’s Bridgetown Market, the Chief Executive of the National Cultural Foundation (NCF), Carol Roberts, has clarified the rationale behind the recent… Read more
Dispute over excavation ends Emmanuel Joseph14/06/202403.4K views What started as “unauthorised” excavation work by the government’s drainage unit on the beachside entertainment spot Savvy on the Bay on Upper Bay Street on Thursday morning, leading to the… Read more
Maloney in $200M double deal finances Hyatt, Rock Hard cement expansion Dawne Parris14/06/202404.5K views E ight years after it was first planned, construction of a new Hyatt Hotel is to finally begin this year, with the hotel opening its doors by 2026, as part… Read more
Maloney signs US$100M in deals with Afreximbank Dawne Parris13/06/202403.8K views Barbadian businessman Mark Maloney has signed two deals with the African Export-Import Bank (Afreximbank) totalling US$100 million ($200 million). A facility to finance the construction of the Hyatt Hotel, to… Read more
CARICOM pilot of shared currency system ‘soon’ Dawne Parris13/06/202403.5K views The pilot of a potentially ground-breaking scheme to allow CARICOM nations to trade using each other’s currencies without a third-party currency is to start “soon”, Central Bank of Barbados governor… Read more
Trade in your own currencies, Blackman tells Africa, Caribbean Dawne Parris13/06/202401.1K views Minister in the Ministry of Economic Affairs and Investment Chad Blackman has proposed that African and Caribbean nations trade among themselves using their own currencies. This could prepare the region… Read more