CARIF Market News - Page 2 of 27

Health City Cayman invests US$4.1 million in Bahamas’ Doctors Hospital for healthcare expansion
February 28, 2025
Health City Cayman Islands has invested $4.1 million to acquire 500,000 shares in Doctors Hospital Health System in the Bahamas, marking its first major healthcare investment outside of Cayman. The deal, effective Feb. 12, will support the expansion of surgical services and improve healthcare access across The Bahamas and beyond. This transaction is also expected […]
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 […]
U.S. commits US$1.2 billion to strengthen Puerto Rico’s clean energy infrastructure
January 23, 2025
The U.S. Energy Department’s Loan Programs Office has committed US$1.2 billion to clean energy projects in Puerto Rico to reduce reliance on its fragile fossil-fuel-powered grid. The projects would add 202 MW of solar capacity and 455 MW of battery storage, more than doubling the department’s support for renewable energy on the island. Source: Energy […]
InterEnergy acquires BMR’s operating assets, now supplies one-third of Jamaica’s power grid
January 23, 2025
InterEnergy Group has become Jamaica’s largest independent power supplier, now providing one-third of the national grid’s capacity following its acquisition of BMR Energy’s local wind farm operations. The US$122 million investment added 61.2MW of capacity, including 36.3MW of wind power in Jamaica and solar parks in other regions. Source: Jamaica Gleaner
Nevis Premier unveils US$101 million budget focused on jobs and economic growth
January 23, 2025
Nevis Premier Mark Brantley unveiled a US$101 million budget for 2025, prioritizing job creation, economic resilience, and sustainable growth. Brantley highlighted plans to leverage public-private partnerships and innovative solutions to improve wages and living standards while securing the island’s economic future. Source: IBTimes
Nevis plans airport upgrades to enable direct U.S. flights
January 23, 2025
Nevis is strengthening ties with the U.S., particularly Florida. The government plans major development projects, including enhancing Vance W. Amory International Airport to support direct flights from the U.S. East Coast. Source: Miami Herald
CDB grant boosts water management and climate resilience efforts in Jamaica
January 23, 2025
The Caribbean Development Bank has approved a US$909,000 grant to The University of the West Indies to improve water resource management and climate resilience in Jamaica. Despite abundant freshwater, uneven distribution leaves rural and southern communities facing chronic shortages and unreliable systems, worsened by aging infrastructure and inadequate storage. Source: CariBank