The African Export-Import Bank (Afreximbank), Africa’s premier multilateral financial institution, has made history with the groundbreaking of its first-ever Afreximbank African Trade Centre (AATC) in the Caribbean. Located in Bridgetown, Barbados, this landmark project signifies a significant step in strengthening trade ties between Africa and the CARICOM region. A Milestone for Global Trade With...
The Barbados Revenue Authority (BRA) will auction 15 properties to the highest bidders on Thursday, March 27, 2025, at 9:30 a.m. The auction will take place in the Seminar Room of Sky Mall, Haggatt Hall, St. Michael. This auction follows an initial announcement of 29 properties, marking a significant reduction in the number of listings. The auction is being conducted under Section 34 of the Land Tax...
The government of Barbados is taking decisive steps to shield consumers from the impact of rising freight charges resulting from new U.S. trade policies targeting Chinese-built ships. The proposed U.S. tariffs, introduced under the U.S. Trade Representative’s (USTR) Section 301 investigation, aim to counter China's dominance in global shipbuilding and maritime logistics. If implemented, these...
The Caribbean hotel industry is experiencing strong momentum in early 2025, with key performance indicators reflecting steady growth. Hotel occupancy, revenues, and average daily rates (ADR) have all increased, continuing an upward trend that began in December 2024, when demand surged during the holiday season. Strong Performance Across the Region According to hotel analytics firm STR, regional...
Rihanna has once again blended sport and fashion, launching her latest FENTY x PUMA collection in her homeland of Barbados. The three-day celebration, infused with Caribbean energy, brought together celebrities, athletes, and fashion insiders to mark the release of her new line. A Grand Homecoming Rihanna kicked off the event with an opening ceremony, setting the tone for the stylish...
ANSA Motors Barbados has taken a bold step into the commercial vehicle industry, launching a new division featuring Iveco and Yale to support local businesses with cutting-edge transport and material-handling solutions. This expansion aims to provide a full spectrum of vehicles, from light-duty trucks to heavy-duty hauliers, catering to industries such as construction, logistics, and waste...
The Caribbean Development Bank (CDB) is stepping into a new era of transformation under its newly appointed president, Daniel Best. With a bold vision centered on action, innovation, and real impact, Best has laid out an ambitious roadmap to tackle the Caribbean’s biggest challenges and unlock fresh opportunities for growth. Speaking at the Bank’s Annual News Conference on March 19, Best made it...
Palladium Hotel Group is making a major investment in Jamaica while expanding its presence across the Caribbean. In February, the group broke ground on a $20 million expansion of Grand Palladium Hotels & Resorts in Jamaica, adding 948 new rooms, upgraded amenities, and more sustainable features. As part of its growth strategy, Palladium will also introduce TRS Hotels, its adults-only, all-inclusive...
The Fair Trading Commission (FTC) is gearing up for a transformative expansion and reform, reinforcing its role in consumer protection and utilities regulation. Minister of Energy and Business, Senator Lisa Cummins, unveiled these changes during Monday’s Senate debate on the Appropriation Bill, 2025. She also announced that, effective April 1, attorney Brian Reece will take the helm as the new Chief...
Barbados is set to welcome three British companies in the coming weeks as they explore business opportunities in housing, alternative energy construction, and business development. This development follows a highly productive meeting between the Greater Birmingham Chamber of Commerce (GBCC) and Barbados representatives, including Deputy High Commissioner Mackie Holder and Athelston “Tony” Sealey,...