Connect with us

Caribbean News

Jamaica to benefit from return of BII to region

Published

on

#Kingston, Jamaica, October 28, 2022 – The return of the British International Investment (BII) to the region will offer a vital new source of finance for countries.  It will prioritise investments in the private sector, particularly small and medium-sized enterprises (SMEs), with a focus on sustainable and scalable projects.

Addressing the launch of the BII on Tuesday (October 25), at the British High Commission in Kingston, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, welcomed the return of the BII to the region, after an absence of more than 20 years.

“We are very pleased, and we are very happy that BII is coming back to Jamaica. That opens the avenue for more and more investments that can help to improve standards of living in Jamaica and can help to transform the lived experience of the Jamaican citizen,” he said.

The Minister added that the BII will be a vital investment partner in building out Jamaica’s critical infrastructure – renewable energy, water, and sewerage.

Dr. Clarke noted, also, that significant investments will be needed to reduce Jamaica’s dependence on imported commodities, thereby strengthening Jamaica’s resilience against economic shocks from external factors.

“Having the extra investment dollars right here in Jamaica, right here in the Caribbean from BII will be absolutely additive and something that we welcome and support,” the Finance Minister added.

For his part, Minister for the Americas and Overseas Territories, The Rt. Hon. Jesse Norman, said the BII is a key part of the UK government’s global plans to mobilise up to £8 billion a year of public and private-sector investments by 2025.

This will include BII partnering with capital markets, leveraging the city of London and other funds, to scale up financing for private-sector development.

“The BII has a long track record of investing to support private-sector growth around the world. I am pleased that we will now be supporting projects in the Caribbean. BII will help usher in a new wave of investments in clean and green infrastructure [and digital transformation], making investments that bolster financial institutions and businesses, create jobs, and boost trade,” Mr. Norman said.

In addition, he said the UK also continues to deliver vital support to the region through its multilateral partners – the World Bank, International Monetary Fund (IMF), Inter-American Development Bank (IDB) and Caribbean Development Bank (CDB).

Managing Director, BII, Colin Buckley, said climate change is at the centre of BII’s strategy.

In the past five years, the BII has invested more than $1 billion in climate finance in Africa and South Asia.

“Going forward, all of our investments will be Paris Aligned (Paris Agreement and Convention) and 30 per cent of all our new investments will be climate finance. We are looking to invest in renewable-energy generation, in helping companies adapt and become more resilient to climate change and to support new technologies like battery storage, green hydrogen, mini-grids and other off-grid solutions,” he outlined.

Formerly the Colonial Development Corporation (CDC), BII’s investments seek to create more productive, sustainable, and inclusive economies in Africa, Asia, and the Caribbean.

The CDC was founded in 1948. It opened its Caribbean office in Kingston in the early 1950s. It supported the development of hydroelectric power stations across Dominica and St. Vincent, St. Lucia, Grenada, Barbados, and Montserrat.

From the mid-sixties until the mid-nineties, the majority of the Caribbean portfolio was concentrated in Jamaica. The CDC assisted in creating the Jamaica Housing Development Company to provide mortgages for low-cost housing. It later financed the island’s commercial, industrial, tourist, port, harbour, and other infrastructure facilities.

By the 1970s, the CDC expanded across the Caribbean, investing in power, agribusiness, manufacturing, commerce, tourism, transport, financial institutions, telecoms, and IT.

The BII is the United Kingdom’s development finance institution. It assists in solving challenges to developing and emerging economies by investing flexible capital to support private-sector growth and innovation.

 

Contact: Rochelle Williams

Release: JIS

Continue Reading

Caribbean News

Whitehouse Students and Farmers Cultivate a Greener Future Through RE-LEAF Action with Sandals Foundation

Published

on

Whitehouse, Westmoreland, Jamaica – June 11, 2026 — As part of activities commemorating World Environment Day, 28 students from New Hope Primary and Kings Primary School joined farmers, Forestry Department representatives, environmental wardens, and the Sandals Foundation to plant fruit trees in Whitehouse, Westmoreland. The activity forms part of the Foundation’s support of Jamaica’s national RE-LEAF (Reforestation, Ecological Enhancement and Landscape Framework) Initiative. As part of its commitment, the philanthropic organization has distributed 360 fruit trees to schools and farmers to aid landscape restoration and food security efforts.

A variety of food trees including breadfruit, ackee, jackfruit, mango, avocado, soursop, and Otaheite apple were distributed to Culloden Early Childhood Institution, Whitehouse Basic School, New Hope Primary School, Kings Primary School, Petersville Primary School, and Petersville Early Childhood Institution as well as to members of the Westmoreland Organic Farmers Association to increase access to locally grown produce.

Heidi Clarke, Executive Director of the Sandals Foundation, said the Organization’s choice of trees was a deliberate effort to build the resilience of the communities. “We chose fruit trees because in addition to helping to restore green space sand biodiversity, they sustain a community’s food security. ”

Recently, Whitehouse farmers joined students of Kings and New Hope Primary School students, Forestry Department representatives, and Sandals Foundation environmental wardens to plant 20 trees – demonstrating a community approach to their landscape restoration efforts.

“Reforestation is about much more than planting trees,” said Georgia Scarlett, Environmental Manager at the Sandals Foundation. ” It is also about ensuring future generations understand their role in protecting the natural resources that sustain our communities. By placing fruit trees in schools and farming communities, we are creating opportunities for learning, nourishment, and long-term environmental stewardship.

For Caribbean communities facing growing pressure on food systems, green spaces, and natural resources, the project offers a practical model for local action. By placing fruit trees in schools and farming communities, the initiative gives residents more than seedlings. It gives them a direct role in producing food, restoring shade, and protecting the environment their children will inherit.

PHOTO CAPTION:

L-R: Dian Holgate, representative of the Forestry Department; Georgia Scarlett, Environmental Project Manager of the Sandals Foundation; Kings Primary School teacher O’Shea Lawrence; farmer, Barbara Stewart, and students Chloe Robinson and Reshaina Samuels of Kings Primary School participate in a tree-planting activity in Whitehouse, Westmoreland. The initiative formed part of the RE-LEAF programme, which distributed 360 fruit trees to schools and farmers across the community.

Continue Reading

Bahamas News

CDB Leadership Passes to Belize as Region Eyes New Financing Partnerships  

Published

on

By Deandrea Hamilton

 

The Bahamas, June 9, 2026 – The Caribbean Development Bank’s annual gathering may have concluded in The Bahamas, but attention is already turning to Belize as leadership of the institution’s Board of Governors officially changed hands.

At the close of the 56th Annual Meeting in Nassau, outgoing Chairman and CDB Governor for The Bahamas, Michael Halkitis, formally transferred the chairmanship to Belize’s Dr. Hon. Osmond Martinez, continuing the Bank’s tradition of rotating leadership among its regional shareholders.

The handover capped a week of discussions focused on financing development in an increasingly uncertain global environment and strengthening the Caribbean’s ability to withstand economic and climate-related shocks.

One of the meeting’s most closely watched conversations centered on how multilateral development banks can better support vulnerable Small Island Developing States.

During the President’s Chat, titled Financing the Future: MDB Strategies for Uncertain Times, CDB President Daniel Best joined leaders from the OPEC Fund, the Central American Bank for Economic Integration and the Fund for Responding to Loss and Damage to discuss expanding development finance and building resilience.

OPEC Fund President Dr. Abdulhamid Alkhalifa emphasized that development institutions must move beyond responding to crises and instead help countries prepare for them.

“The real test is whether we can help countries move from strategy to implementation, and from implementation to results,” Alkhalifa said.

The discussions reflected a growing regional push for innovative financing solutions as Caribbean nations continue to confront climate vulnerability, infrastructure demands and economic uncertainty.

Beyond discussions on financing and resilience, the Annual Meeting also featured youth engagement activities, including the Youth FIRE Forum, where young Caribbean leaders participated in conversations about innovation, entrepreneurship, leadership and the future of regional development. Senior government officials, development professionals and youth delegates exchanged ideas on the challenges and opportunities facing the next generation, reinforcing a recurring message throughout the conference: that investments made today must ultimately improve opportunities for Caribbean youth tomorrow.

That theme was echoed by Bahamas Prime Minister Philip Davis, who used the opening ceremony to challenge regional leaders to invest in future generations.

“We must invest in the one asset that no agency can ever downgrade, and that no storm can ever wash away: the mind of a Caribbean child,” Davis told delegates.

With Belize now assuming the chairmanship, regional leaders say the focus remains on transforming ideas discussed in Nassau into tangible results for Caribbean people.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Caribbean News

Beaches Turks and Caicos and Sandals Foundation share educational material with primary school in Providenciales

Published

on

PROVIDENCIALES, Turks & Caicos Islands: May 29, 2026 – Beaches Turks and Caicos Resort and the Sandals Foundation, recently brought smiles and inspiration to students at the Community Christian Academy through a meaningful Reading Road Trip and educational material donation initiative.

The outreach effort, which forms part of the Sandals Foundation’s ongoing commitment to education and community development across the Turks and Caicos Islands, saw team members and volunteers engaging directly with students while delivering a wide range of essential school supplies.

Among the donated items were books, footballs, volleyballs, pencils, rulers, sharpeners, Bibles, Christian literature, sun glasses, writing pads, educational cue cards, erasers, markers, crayons, glue, scissors, paper clips, coloured chalk, and pens. The contributions were carefully curated to support both academic learning and extracurricular development for students at the institution.

A highlight of the day’s activities was an interactive reading session with the kindergarten and grade one classes, where volunteers shared stories and encouraged early literacy in a fun and engaging environment. The young students responded with enthusiasm, creating a lively and memorable experience for all involved.

Travel Advisor Renee Rice, who participated in the initiative alongside her family, expressed heartfelt appreciation for the opportunity to give back. “We are happy for this experience as we partnered with the Sandals Foundation and Beaches Turks and Caicos Resort in sharing in the development of education in the Turks and Caicos Islands,” Rice said. Her family actively participated in reading sessions and interacting with the students, further enhancing the impact of the visit.

Principal Krystal Vincent welcomed the initiative and emphasized the importance of such partnerships in advancing the school’s mission. “These educational materials will go a far way, and we are happy for this relationship that we have established with the Sandals Foundation and Beaches Turks and Caicos Resort in helping to support the growth of the students and the institution,” Vincent noted.

Chairman of the School Board, Pastor Bradley Handfield, also expressed gratitude during the presentation of the items. He commended the donors for their continued investment in the community and their willingness to support the nation’s youth. Pastor Handfield highlighted the significance of corporate and philanthropic partnerships in strengthening educational foundations across the islands.

The Reading Road Trip initiative is part of a broader effort by the Sandals Foundation to promote literacy and provide access to educational resources for children throughout the Caribbean.

Beaches Turks and Caicos Resort has long been an active partner in community outreach, consistently supporting initiatives that uplift local communities and empower young people. Through collaborations such as this, the resort continues to demonstrate its commitment to social responsibility and sustainable development.

The visit to Community Christian Academy stands as a testament to the power of partnership and the positive impact that can be achieved when organizations and individuals come together with a shared purpose. For the students, the day was not only about receiving supplies but also about feeling encouraged, valued, and inspired to pursue their educational journeys with confidence.

As the Sandals Foundation and Beaches Turks and Caicos Resort continue to expand their outreach efforts, initiatives like the Reading Road Trip remain vital in shaping the future of education in the Turks and Caicos Islands—one child, one book, and one meaningful connection at a time.

Photo Caption:

The Sandals foundation is a registered charity in Jamaica with the Department of Co-operatives and Friendly Societies, a CRA registered charity in Canada, a 501(c)(3) nonprofit organization in the United States and a registered charity with the Charity Commission for England & Wales that was created in March 2009 to continue and expand upon the philanthropic work that Sandals Resorts International has undertaken.  It is the culmination of over four decades of dedication to playing a meaningful role in the lives of the communities where we operate across the Caribbean. The Sandals Foundation funds projects in three core areas: education, community and the environment. One hundred percent of the monies contributed by the general public to the Sandals Foundation go directly to programs benefiting the Caribbean community. To learn more about the Sandals Foundation, visit online at www.sandalsfoundation.org or follow us on Facebook, and Instagram.

Continue Reading

FIND US ON FACEBOOK

TRENDING