Business

By Brian Ngugi The Bahamas on Friday pushed for stronger commercial cooperation between Africa and the Caribbean, saying direct flights and student exchanges could help unlock economic opportunities between the regions.

Ahead of next Wednesday’s start of the July 10th – 12th Caribbean investment forum, the Caribbean Export Development Agency (CEDA) has signed a Memorandum of Understanding with the African multilateral lending agency, African Export-import Bank, to broaden its pre-existing base in terms of business relations fashioned out of a recent series of accelerated business visits between the Caribbean and Africa.

There can now be no question than that during the period immediately ahead, the Caribbean will have to ‘park’ much of what would have been its substantive agenda (and here the Caribbean Investment Forum, scheduled to be held in Guyana between July 9th and 12th comes readily to mind) since the intensity of the earliest period of the Tropical Storm ‘Beryl’, suggests that, going forward, we may well become completely preoccupied with a significantly more aggressive weather pattern.

Even as Hurricane Beryl declared its destructive intentions early in what had, for weeks, been projected as a destabilizing hurricane season for the Caribbean, the World Food Programme (WFP), USA had declared its preparedness to support the global body’s emergency response efforts in pursuit of what it seemingly anticipated would have added significantly to the pre-existing food security challenges that have already been impacting on the region.

With Guyana, having, in recent years, established credentials as the region’s favoured location for the staging of events linked to burnishing the region’s business profile, the Caribbean Export Development Agency has recently announced that Georgetown, the country’s capital, will play host to the event this year.

Guyana’s neighbour to the east, Suriname would appear to be enjoying an enhanced measure of generous attention from the international financial community, though by contrast, the fact that while both of the two South Ameri-can oil-rich countries would appear to be embracing a shared oil-driven future that might make them the next global standout petro economies, what international analysts might see as a relatively trivial issue involving Guyanese fishermen plying their trade in the shared Corentyne river continues to be a source of sourness between the countries.

In the wake of the sudden removal of St. Lucian-born Dr.

The Trinidad & Tobago government says it expects to take a decision by the end of August this year regarding the sale of the state-owned oil refinery, Petrotrin, which had been closed in 2018 mainly due to its indebtedness, according to a report in the Wed-nesday June 26th issue of the Trinidad Guardian.

(Reuters) – U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.

Small businesses, such as shops, grocery stores, and convenience stores, are a fundamental pillar in the economy and everyday life of Grenada, Jamaica, St Lucia and Belize.

T&T’s Minister of Planning and Development, Pennelope Beckles, has called for the governance framework of the Caribbean Development Bank (CDB) to be augmented to ensure that it remains a trusted development partner.

In circumstances where Caribbean countries and more particularly, those commonly categorized as LDC’s, are rarely credited with standout economic performance reports from high-profile global financial and development institutions, a recent assessment by the International Monetary Fund (IMF) of the growth potential of the Caribbean Community (CARICOM) member country, Grenada, departed radically from the accustomed trend.

Gold Prices for the three day period ending Thursday June 27, 2024

In a matter of a handful of days we – Guyana, that is – will find ourselves playing host to a business forum (CIF 2024) the significance of which transcends the geographic limitations of our country, including the boundaries of our own domestic ambitions and aspirations, extending first into the wider geographic space that we refer to as the Caribbean Community and beyond that, to much of the rest of the international community, and that recent and exalted recognition of the geographic space known as Guyana, arrived with a blinding speed and has yet to register, in all probability, in the remoter regions of our country.

GSE (https://guyanastockexchangeinc.com/telephone Nº 223-6175/6) reports that session 1077’s trading results showed consideration of $18,680,180 from 151,528 shares traded in 26 transactions as compared to session 1076’s trading results which showed consideration of $204,393,704 from 1,744,937 shares traded in 46 transactions.

Kitco Market Data Gold Prices for the three day period ending Thursday June 20, 2024Kitco is a Canadian company that buys and sells precious metals such as gold, copper and silver.