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CARIF Market News

  • Guyana partners with InterEnergy Group in US$15.6 million deal to modernize power grid and advance smart infrastructure

    October 9, 2025

    Guyana Power and Light (GPL) signs a US$15.6 million agreement with the Dominican Republic’s InterEnergy Group to help modernize and strengthen Guyana’s electricity system. Over the next two years, InterEnergy will provide engineering, project management, and advisory support to upgrade infrastructure, improve reliability, and lay the groundwork for a nationwide smart grid. The company will […]

  • Turks and Caicos leads the Caribbean with first comprehensive tourism capacity study to drive sustainable growth

    October 9, 2025

    Turks and Caicos has become the first Caribbean nation to complete a comprehensive tourism capacity study, providing data-driven insight into how many visitors each island can sustain without harming the environment or local communities. Minister of Tourism Jhavargo Jolly said the study marks a shift toward evidence-based, sustainable tourism growth, ensuring development adds value rather […]

  • Guyana launches 217 kW solar grid bringing 24-hour power to remote indigenous village of Batavia

    October 9, 2025

    Guyana has inaugurated a 217.4 kW solar grid in the remote indigenous village of Batavia, providing 24-hour electricity to more than 125 homes for the first time. The US$1.4 million project includes a microgrid, a solar array, and individual home systems, developed by CNOOC Petroleum Guyana in partnership with the government. It marks the second […]

  • Guyana launches nationwide digital transformation to modernize government services by 2026

    October 9, 2025

    Guyana is launching a nationwide digitization program to modernize government services, with most processes expected to go fully digital by mid-2026. Led by the National Data Management Authority, the initiative will integrate AI, digital infrastructure, and cross-agency systems to improve efficiency and transparency. President Irfaan Ali said the effort will streamline access to key services—from […]

  • IDB Approves US$250 million loan to restore Guatemala’s Motagua River Basin

    September 11, 2025

    The Inter-American Development Bank (IDB) has approved a US$250 million loan to support environmental restoration and improved living conditions in Guatemala’s Motagua River Basin. The program will expand waste collection, sanitation, and effluent treatment while strengthening water monitoring and local service management. It is expected to benefit nearly 400,000 households, promote a circular economy, create […]

  • Sucro and Santander Sugar launch US$20 million joint venture to build major Caribbean refinery in Belize

    September 11, 2025

    Sucro Ltd. and Santander Sugar Ltd. have formed a 50/50 joint venture, Caribbean Sugar Refinery Ltd. (CSR), to build a US$20 million sugar refinery at Santander’s mill complex in Belize, with operations expected to start in 2026. The project, supported by the government of Belize, aims to meet more than 75% of CARICOM’s refined sugar […]

  • Amazon opens first Caribbean distribution hub in Dominican Republic

    September 11, 2025

    Amazon has opened its first Caribbean distribution hub in the Dominican Republic, based at Las Américas International Airport in Santo Domingo, to strengthen regional e-commerce logistics. The hub operates seven weekly cargo flights from Miami and leverages the country’s ports and new e-commerce terminal to process an additional 4 million packages annually. Positioned as Amazon’s […]

  • UAL launches 9-day Caribbean shuttle service linking Trinidad, Guyana, and Suriname

    August 28, 2025

    UAL has launched the Caribbean Shuttle, a fixed 9-day loop service connecting Point Lisas (Trinidad & Tobago), Georgetown (Guyana), and Paramaribo (Suriname), to meet rising demand for reliable shipping in the Southern Caribbean. Source: UAL Alliance 

  • Guyana installs 4.8 MW of residential photovoltaic systems to expand renewable energy access

    July 31, 2025

    Guyana’s solar home photovoltaic system project has added 4.8 MW of installed capacity since its launch in July 2023. The initiative aims to expand access to renewable energy in inland and coastal communities not connected to the electricity grid. Source: PV Magazine LATAM

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