CARIF Market News - Page 6 of 28

Digicel commits to restoring and enhancing internet connectivity in Carriacou and Petite Martinique ffter Hurricane Beryl
August 29, 2024
After Hurricane Beryl severely impacted Carriacou and Petite Martinique, Digicel has committed to restoring and improving internet connectivity in the region. Digicel has worked to ensure businesses and individuals have internet access and is now focused on enhancing fixed-line services to support Grenada’s recovery. Source: Caribbean Loop News
Kingston Harbour Walk Project to enhance climate resilience in Jamaica with US$1.4 million grant from CDB
August 29, 2024
Over 600,000 people in Kingston, St. Andrew, and Port Royal, Jamaica, will benefit from the Kingston Harbour Walk (KHW) Project, aimed at enhancing climate resilience and infrastructure along Kingston Harbour. The project, supported by a US$1.4 million grant from the Caribbean Development Bank (CDB) focuses on protecting the seventh-largest natural harbor in the world, which […]
Puerto Rico to use US$30 million federal loan for 15 water projects
August 29, 2024
Puerto Rico is set to undertake 15 water projects funded by a nearly US$30 million federal loan. The funding will support significant repairs, improvements, and new construction, likely addressing damage from Storm Ernesto. Source: BNAmericas
The Bahamas launches consultation on 5G roadmap
August 29, 2024
The Bahamas has initiated a consultation process on a draft roadmap for 5G deployment, seeking input from market players to address potential regulatory and policy issues. Source: BNAmericas
St. Kitts and Nevis advances digital government plan with consultation on digital identity authentication system
August 15, 2024
St. Kitts and Nevis is advancing its digital government plan with a recent consultation meeting focused on developing a comprehensive digital identity authentication system. Held at the National IT Centre in Basseterre, the meeting brought together stakeholders to discuss building a robust digital public infrastructure. Source: BioMetric Update
CDB partners with IFIs and private sector to boost private investment and infrastructure development in the region
August 15, 2024
The CDB has partnered with six International Financial Institutions (IFIs) and private sector entities to boost private investment in the region. As public financing tightens, the CDB, in collaboration with the Global Infrastructure Facility (GIF), aims to advance infrastructure development in emerging markets by encouraging private investment. Source: Dominica News Online
World Bank enhances digital education in Saint Lucia with 20 smart classrooms and teacher training
August 15, 2024
With the support of the World Bank, 20 smart classrooms have been equipped across Saint Lucia’s eight educational districts. This initiative, part of the Caribbean Digital Transformation Project, involves training 35 teachers to utilize these digital tools, benefiting over 4,500 primary school students. The project aims to enhance digital access in the Caribbean Source: The […]
IDB Invest and GCF launch Caribbean Net-Zero and Resilient Private Sector Program with US$118.9 million funding
August 1, 2024
IDB Invest, in partnership with the Green Climate Fund (GCF), is launching the Caribbean Net-Zero and Resilient Private Sector Program to promote greenhouse gas emission reductions and climate-resilient investments in the Caribbean. The GCF has approved up to US$118.9 million in funding for this initiative. The program aims to boost private sector investment in climate […]
Guyana signs US$8.6 million contract for National Control Centre of Gas-to-Energy Project
August 1, 2024
The Guyanese government has signed an US$8.6 million contract with Power China to build the National Control Centre for the Gas-to-Energy (GtE) project. The building will be crucial for managing the GtE project and is expected to be completed within 13 months. The project aims to reduce electricity costs by 50% by 2025. Source: Oil […]