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Invest Turks and Caicos Launches “Empowering MSMEs” Campaign

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Providenciales, Turks and Caicos Islands, November 9th, 2016 – Invest Turks and Caicos today launched its “Empowering MSMEs” campaign with the goal of empowering small business owners to fulfil their entrepreneurial ambitions by ensuring financial and technical support through the Government’s Micro Small and Medium Enterprise (MSME) programme.

April 2016 saw the commencement of the Government’s Micro Small and Medium Enterprise (MSME) programme which is managed by Invest Turks and Caicos with support from the Centre for Entrepreneurial Development (CED) and Ministry of Finance, Investment and Trade.  Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide Concession Orders to qualifying locally-owned businesses operating in any of the identified priority business sectors. The Concession Orders permit the company or start-up to specific benefits, namely: Cash Grant, Customs Duty Reduction and/or Technical Assistance depending on the size of the business.

Invest Turks and Caicos is encouraging locally owned small businesses and start-ups to take advantage of the opportunity and apply for financial or technical assistance or customs duty reduction. “Local business owners can now feel a sense of empowerment with access to various assistance” says, Alexa Cooper-Grant, Vice President of Small Medium Enterprise Development. Additionally, there is complete guidance and support through Invest TCI and the Centre for Entrepreneurial Development (CED). Business owners who are interested in applying receive one on one consultation with representatives of the CED and Invest TCI who offer support with formulating a business plan and completing the application process.

Donna Gardiner, Owner of Caicos Tea Company and recent recipient of $10,000 cash grant, up to $10,000 in technical assistance and $10,000 customs duty exemption, stated, “Working with Invest TCI and the CED has been an awesome experience”.  Ms. Gardiner, further stated, “I would encourage small business owners to take advantage of the opportunity and apply for the MSME assistance. The process has been very easy and it was a great help to get my business off the ground”.

As part of the Empowering MSMEs campaign and to coincide with Global Entrepreneurs Week, the Vice President of Small Medium Enterprise Development will visit the various islands to provide one on one consultation to small business owners interested in applying for MSME assistance. The dates are as follows:

November 14, Salt Cay – 9:00 am- 4:00 pm – Salt Cay Library

November 15, Grand Turk – 8:30 am -4:30 pm – CED Office, Windmills Plaza

November 16, South Caicos – 10:00 am – 4:30 pm – District Commissioner’s Office

November 17, Middle Caicos– 10:30 am- 1:30 pm – District Commissioner’s Office

November 17, North Caicos – 2:00 pm – 4:00 pm – District Commissioner’s Office

Persons interested in applying are advised to call our office at 338 4779 to make an appointment and to visit Invest TCI’s social media pages @investtci on Facebook, Instagram, Twitter and LinkedIn for updates.

 

For more information on the MSME Programme, visit our website at www.investturksandcaicos.tc/msme or call our office at 338 4779.

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News

ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

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TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response

PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.

Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.

That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.

Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.

He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.

Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.

Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.

Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.

Saunders did not disclose the programme’s total cost.

His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?

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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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Health

47,459 MEASLES CASES, 44 DEATHS ACROSS AMERICAS  

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WASHINGTON, D.C. — The Americas has recorded 47,459 confirmed measles cases and 44 deaths in 2026, the region’s highest case count in 22 years, prompting the Pan American Health Organization (PAHO) to urge stronger vaccination, surveillance and rapid outbreak response.

As of July 18, cases were already more than triple the 15,011 recorded during all of 2025. Guatemala, Mexico, the United States and Peru account for 95% of confirmed cases. Guatemala leads with 30,371 cases and 26 deaths, followed by Mexico with 12,255 cases and 17 deaths.

PAHO classifies the regional public health risk as very high, citing active outbreaks, immunity gaps, international travel and populations with inadequate vaccination coverage.

The organization says prevention starts with vaccination. Countries are being urged to achieve and maintain at least 95% coverage with two doses of measles-containing vaccine, particularly protecting children and under-vaccinated communities.

Measles spreads through the air when an infected person breathes, coughs or sneezes. Symptoms can include fever, cough, runny nose, red eyes and a rash.

PAHO is urging health authorities to detect suspected cases early and respond rapidly to stop transmission. Unvaccinated and under-vaccinated people, young children and communities with limited healthcare access face increased risk of severe illness and death.

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