Caribbean News
CARICOM African Leaders Identify Areas of Co-Operation at Historic First Summit
CARICOM, September 13, 2021 – Heads of State and Government of the Caribbean Community (CARICOM) and Africa have committed to strengthen collaboration and unity and to foster increased trade, investment and people-to-people engagement between the two regions.
The commitment was given during the historic First CARICOM-Africa Summit hosted by Kenya and held virtually on 7 September 2021. His Excellency Uhuru Kenyatta, President of Kenya, Chair of the Organisation of African Caribbean and Pacific States (OACPS) presided over the Summit which was attended by Heads of State and Government as well as Heads of Regional Integration Secretariats and Institutions of CARICOM and Africa.
Speakers at the Summit noted its historic nature and that African and Caribbean cultural and political ties run deep based on a shared history, culture, as well as a sense of a common identity. They cited common historical experiences which inspired the Pan-African Movement championed by the Africans and the diaspora and which established the foundations of a rich and vibrant African-Caribbean relationship. The Leaders expressed the view that they were obligated to build on that vision. It was also noted that this First Summit was being held during the United Nations’ International Decade for People of African Descent.
Key areas of possible co-operation and collaboration were identified by both parties. In his statement during the opening session, Honourable Gaston Browne, Prime Minister of Antigua and Barbuda and Chair of the Conference of Heads of Government of CARICOM proposed that September 7th be celebrated as “Africa-CARICOM Day” with a Summit held annually on that date. He also proposed the creation of a Forum of African and Caribbean Territories and States (FACTS), the codifying of a Founding Charter and a Memorandum of Operation of the Forum, a multi-lateral air services agreement, and an investment protection and a double taxation agreement between African and CARICOM states.
President Kenyatta, in his statement at the Opening cited the blue economy, climate change, health and Covid-19, debt sustainability and technology as areas on which the Regions could work together.
In the discussions, the Leaders stressed the importance of exploiting the Blue Economy to boost growth and development. They also committed to foster increased trade and investment through specific agreements and the enhancement of transportation links between the two regions. This could include the removal of the requirement for visas by nationals of CARICOM and African nations.
The Leaders indicated support for the establishment of a CARICOM/Africa public-private partnership dedicated to mobilizing resources and deploying them in critical cutting-edge projects including renewable energy, the creative industries and digital technology. They called for the establishment of a joint CARICOM/AU electronic mass media platform or mechanism to facilitate the flow of news, information and artistic programming between CARICOM and Africa. On the institutional front, they proposed the establishment of an African-Caribbean Forum and the drafting of an Africa-Caribbean Charter and memorandum of understanding to underpin the relationship.
The Heads of State and Government expressed concern about the mutation and spread of the Covid-19 Virus and its effects on the health of the people as well as on the health infrastructure. In that regard, they called for increased access to vaccines and for the building of manufacturing capacity to produce vaccines in Africa and CARICOM enabled by a waiver of intellectual property rights for Covid-19 vaccines. The contribution of the African Medical Supplies Platform (AMSP) in making vaccines available to CARICOM was lauded.
The existential threat posed by climate change was acknowledged and there was agreement on the need for the global community to act towards curtailing greenhouse gas emissions in order to limit global warming to below 1.5 degrees above pre-industrial levels. They supported a joint approach to the negotiations at COP26 to be held in the United Kingdom in November.
There was strong support for multilateralism and the strengthening and reform of multilateral institutions to become more inclusive to reflect the post-colonial world. The Leaders reiterated their commitment to the Sustainable Development Goals. While welcoming the Debt Service Suspension Initiative, they emphasised the need for debt relief.
They also called for an end to the illegal and unjust economic embargo against Cuba and to the sanctions against Zimbabwe.
The Heads of State and Government agreed to participate fully in the High Level meeting of the UN General Assembly later this month to commemorate the 20th anniversary of the 2001 UN World Conference Against Racism, and to jointly use that event to advance the claim for reparations within the processes of the United Nations.
The Summit ended with a mandate for the institutionalisation of co-operation between the CARICOM Secretariat and the African Union Commission.
Caribbean News
Royal Caribbean Group and Sandals Resorts Announce Landmark Partnership to Accelerate Their Leading Vacation Experiences
Royal Caribbean Group Investment to Advance Sandals and Beaches’ Growth and Broaden the Group’s Vacation Portfolio
Montego Bay, Jamaica and Miami, September 24, 2026 – Royal Caribbean Group (NYSE: RCL) and Sandals Resorts today announced the signing of an agreement to form a partnership in the all-inclusive resort space with a 50% investment from Royal Caribbean Group. Building on Sandals and Beaches Resorts’ more than four decades of leadership in Caribbean hospitality, the joint venture will create new opportunities for continued resort growth while broadening the experiences across Royal Caribbean Group’s vacation platform.
The partnership brings together two of the travel industry’s most celebrated vacation companies, pairing Sandals and Beaches’ all-inclusive
resort expertise with Royal Caribbean Group’s vacation platform, including industry-leading brands – Royal Caribbean, Celebrity Cruises and Silversea – a portfolio of private destinations, new river cruising offering, and an industry-first loyalty program. United in a shared history in the Caribbean and connected by a love for their communities, the companies will offer travelers an unparalleled collection of cruise, private destination and resort experiences, serving guests across more vacation occasions and establishing their undisputed leadership in Caribbean vacations.
The joint venture expands Royal Caribbean Group into an adjacent vacation category, growing its participation in the approximately $2 trillion global vacation market, and meets the growing global demand for Sandals and Beaches Resorts by accelerating their expansion. The partnership will include Sandals and Beaches’ collection of premier all-inclusive properties across the Caribbean, and the companies will explore opportunities to broaden distribution, deepen guest engagement, and make it easier for travelers to discover vacation experiences offered across both portfolios.
“For nearly 60 years, we’ve reimagined what a vacation can be, constantly expanding the ways we inspire our guests to explore, connect and create lifelong memories,” said Jason Liberty, Chairman and CEO, Royal Caribbean Group. “We have been building a vacation platform that brings joy to millions of people around the world and creates meaningful relationships that last with our guests. Our partnership with
Sandals and Beaches Resorts is an important next step on that journey – bringing together two iconic leading vacation companies to further strengthen and grow one of the most admired resort portfolios in the world. The Stewart family has created powerful and beloved brands, and we are honored to build on that legacy. Together, we see tremendous opportunity to expand the reach of Sandals and Beaches Resorts and continue turning the vacation of a lifetime into a lifetime of vacations.”
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality. Today is proof of how far that vision can go,” said Adam Stewart, Executive Chairman of Sandals Resorts and Beaches Resorts. “This partnership is the natural next step in building on that conviction. It gives us the ability to grow faster with a partner that shares our values of exceptional hospitality, long-term investment, and the power of enduring brands. Together, we will introduce more guests to Sandals and Beaches Resorts while creating even more extraordinary experiences for those who have made our resorts part of their lives for decades.” Stewart added, “As we continue to grow, we will remain true to what has always defined us: delivering authentic vacations that exceed expectations while creating opportunities for our team members, travel advisor partners and the communities we call home. The future has never been brighter, and I know this moment would make my father incredibly proud.”
The joint venture will be governed by a board under the shared leadership of Stewart and Liberty. Stewart will maintain a leadership role in
guiding the company’s long-term strategic growth as Executive Chairman of Sandals and Beaches Resorts. Existing reservations, loyalty programs, resort operations and cruise operations will continue as usual, with the partnership bringing additional resources to support future opportunities.
Under the terms of the agreement, Royal Caribbean Group will acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, representing a forward EBITDA multiple of approximately 10x. Royal Caribbean Group has secured committed debt financing from Morgan Stanley to fund the investment. The transaction is expected to close in early 2027, subject to customary approvals and closing conditions, and is expected to be accretive to earnings next year.
BofA Securities and PJT Partners acted as financial advisors, and Latham & Watkins and Jones Day acted as legal advisors to the Sandals Group. Perella Weinberg Partners and Morgan Stanley acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Royal Caribbean Group.
PHOTO CAPTION: Jason Liberty, Chairman and CEO of Royal Caribbean Group, and Adam Stewart, Executive Chairman of Sandals Resorts, mark the signing of an agreement to form a landmark partnership that expands Royal Caribbean Group into the all-inclusive resort space and supports the future growth of Sandals and Beaches Resorts. The signing took place at Royal Caribbean Group’s new headquarters in Miami, with the city’s skyline in the background.
The Caribbean tourism deal first reported as a possibility on Tuesday is now a signed agreement. Royal Caribbean Group plans to pay
approximately US$3 billion for a 50% stake in Sandals and Beaches Resorts, putting the value of the business at about US$6 billion. The purchase is expected to close in early 2027, subject to approvals.
Founded in Jamaica by the late Gordon “Butch” Stewart in 1981, the resort business has a presence across nine Caribbean destinations, including Jamaica, The Bahamas and Turks and Caicos. Sandals has described its workforce as nearly 20,000 people, most of them Caribbean nationals.
“My father, Gordon ‘Butch’ Stewart, founded Sandals Resorts with the belief that a company built in the Caribbean could stand on the world stage alongside the most respected names in hospitality,” said Adam Stewart in the announcement carried by PR Newswire. He will remain executive chairman, while the Stewart family retains a stake. The companies say existing reservations and resort operations will continue as usual.
Caribbean News
Pres Ali declares three days of national mourning following MV Barima tragedy July 21, 2026
His Excellency Dr Mohamed Irfaan Ali has declared three days of national mourning following the tragic loss of lives in the M.V. Barima incident, as the nation continues to grieve alongside the families and communities affected.
The period of national mourning will be observed from Wednesday, July 22, through Friday, July 24, 2026, in honour of the victims of the
tragedy. During this time, the National Flag will be flown at half-mast on all Government buildings and other appropriate locations across the country.
As part of the observances, Wednesday, July 22, has been designated a National Day of Prayer. A National Day of Prayer and Remembrance will be held at the Kingston Seawall in Georgetown, bringing together citizens in solidarity to honour the lives lost and offer support to grieving families.
The programme of remembrance will continue with a Night of Reflection and Prayer in Port Kaituma on Thursday, July 23, followed by another observance in Mabaruma on Friday, July 24.
The government is also encouraging religious organisations, civic groups and citizens throughout Guyana to organise candlelight vigils and moments of prayer during the three days as the nation collectively reflects on the tragedy and pays tribute to the victims. The declaration of national mourning underscores the government’s commitment to standing with the bereaved families and affected communities as Guyana mourns one of the country’s most heartbreaking maritime tragedies.
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