CARIF 2025 Market News - Page 3 of 4

Grenada opens first climate-smart fisher facility to boost resilience and sustainability
February 28, 2025
The Nature Conservancy (TNC), in partnership with Grenada’s government and international organizations, has inaugurated the island’s first Climate-Smart Fisher Facility in Soubise, St. Andrew. The facility integrates renewable energy, rainwater harvesting, and coastal protection measures to enhance the resilience of the local fishing community while mitigating climate change impacts. In addition to supporting fishers with […]
Bahamas signs US$200 million agreement with Afreximbank to boost infrastructure and trade
February 28, 2025
Bahamas Prime Minister Philip Davis signed a US$200 million framework agreement with Afreximbank which aims to develop climate-resilient and trade-enhancing infrastructure. The agreement is expected to support projects in road construction, energy, and economic development. Source: Tribune 242
EU and Hispasat partner to strengthen digital connectivity in the Caribbean
February 28, 2025
The European Union (EU) has signed a Memorandum of Understanding (MoU) with Hispasat to enhance broadband access and digital sovereignty in the Caribbean. The initiative aligns with the EU-LAC Digital Alliance and offers regional alternatives to external digital investments. Source: EUReporter
CAF and Barbados sign US$75 million agreement to boost heritage tourism and infrastructure
February 28, 2025
CAF and Barbados have signed a US$75 million agreement to enhance cultural heritage preservation, tourism, and infrastructure modernization under the Reclaiming Our Atlantic Destiny (ROAD) Program. The initiative aims to strengthen Barbados’ historical and cultural connections, supporting national development through heritage tourism. Source: CAF
CAPRI launches China-CARICOM portal to track Chinese projects in the Caribbean
February 6, 2025
The Caribbean Policy Research Institute (CAPRI) has launched the China-CARICOM Portal, a digital platform analyzing China’s diplomatic and economic projects in Antigua and Barbuda and the wider Caribbean. The portal maps over 800 Chinese projects across the region from 2013 to 2023 and aims to help policymakers and researchers make informed decisions about China-Caribbean relations. […]
Trinidad and Tobago secures US$3 million grant for digital transformation and regional integration
February 6, 2025
The Government of Trinidad and Tobago, in partnership with CAF and the European Union, has signed a US$3 million Technical Assistance Grant Agreement to advance regional digital integration. The funding will support key initiatives, including a national electronic identity system, a public data interoperability platform, and a secure government data center. Source: TT Loop News
Virgin Islands secures US$250,000 grant to strengthen healthcare infrastructure and resilience
February 6, 2025
The Ministry of Health and Social Development has secured a US$250,000 grant from the OECS and Direct Relief under the Enhancing Health Infrastructure and Resilience Project (EHIR) to improve healthcare infrastructure and address climate-related health challenges in the Virgin Islands. The funds will support standby backup power for healthcare facilities, cold chain strengthening, and medical […]
Grenada issues RFQ for 15.1 MWp solar project at Maurice Bishop International Airport
January 9, 2025
Grenada’s Public Utilities Regulatory Commission (PURC) has issued a Request for Qualifications (RFQ) for a 15.1 MWp solar project at Maurice Bishop International Airport. The project, aimed at advancing the island’s energy transition, involves three separate solar plants integrated into the national grid through Grenada Electricity Services Ltd. (Grenlec). The selected bidder will sign a […]
Guyana achieves 98.3% potable water through major infrastructure investments
January 9, 2025
Guyana has successfully increased access to potable water, with 98.3% of its population now able to access clean water. This progress is the result of significant investments in water infrastructure, including the construction of treatment plants, water wells, and treatment upgrades. Source: Magnetic Media TV