Regional

CIBC FIRSTCARIBBEAN ADVANCES THE SALE OF ITS ASSETS IN GRENADA TO GRENADA CO-OPERATIVE BANK LTD

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FirstCaribbean International Bank Limited (“FirstCaribbean”) and Grenada Co-operative Bank Limited announced today that the sale of FirstCaribbean’s business in Grenada to Grenada Co-operative Bank Limited has received approval from the Eastern Caribbean Central Bank. The banks further announced that the process of transferring FirstCaribbean’s clients to Grenada Co-Operative Bank Limited is expected to be completed … Continued

NIGERIA-BASED COMPANY BUYS 70% STAKE IN LIAT 2020

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Africa’s largest private carrier, Air Peace has become the majority shareholder in regional airline company LIAT 2020, after purchasing 70 percent of its shares. This was confirmed by Antigua and Barbuda’s Prime Minister Gaston Browne who said that LIAT will operate on a viable commercial basis following the agreement with the Nigerian-based company. “So what … Continued

USVI’S ALLIYAH BOSTON SIGNS MULTI-YEAR DEAL WITH SPORTSWEAR GIANT ADIDAS

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Virgin Islander Alliyah Boston who recently created history after being selected as the number one pick in the Women’s National Basketball Association (WNBA) draft, has signed a multi-year contract with global sportswear brand Adidas. The deal for the United States Virgin Islands native who originates from St. Thomas is a footwear and apparel endorsement which … Continued

CABLE AND WIRELESS CHARITABLE FOUNDATION CELEBRATES 5 YEARS OF COMMITMENT TO THE CARIBBEAN REGION

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The Cable and Wireless Charitable Foundation (CWCF) is celebrating five years of partnership with local, regional, and international agencies and a total of $3.5 million in donations providing digital access and supporting relief and recovery initiatives throughout the Caribbean, with the release of its 2022 Annual Report. Commenting on the milestone, Inge Smidts, Chair of … Continued

FIRSTCARIBBEAN INTERNATIONAL BANK LTD ANNOUNCES ST KITTS SALE WILL NOT GO AHEAD

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FirstCaribbean International Bank Limited has announced that the sale of its assets of FirstCaribbean International Bank (Barbados) Limited in St. Kitts to St. Kitts-Nevis-Anguilla National Bank Limited (SKNANB) will not now go ahead. The Eastern Caribbean Central Bank (‘ECCB’) provided conditional approval for the sale of the assets and banking business of FirstCaribbean International Bank … Continued

CANADA PLEDGES OVER $45 MILLION TO CARIBBEAN COMMUNITY

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Prime Minister of Canada, Rt. Hon Justin Trudeau has pledged upwards of $45 million to the Caribbean Community amid a strengthening of diplomatic ties between CARICOM and Canada. Trudeau was a special guest at last week’s CARICOM Summit, where he was joined by the Conference of Heads of Government in the Bahamas.  Among topics of … Continued

ANTI – IMMIGRATION PROTESTERS TARGET CARICOM SUMMIT

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While Premier Dr the Honourable Natalio Wheatley, other CARICOM leaders and diplomats engaged in fruitful discussions surrounding the development and security of the Caribbean Region, they did so amid chaos brewing just outside of the venue.  According to reports emerging from the Bahamas, just outside of this week’s CARICOM summit protesters led by political leader … Continued