Carib Scope

分类： business

  • IGNITE 2025: The Must-Attend Summit for Caribbean Founders and Investors

    IGNITE 2025: The Must-Attend Summit for Caribbean Founders and Investors

    Port-of-Spain, Trinidad & Tobago – September 18, 2025 – Caribbean Dragons, a non-profit organization dedicated to fostering innovation and investment across the Caribbean and Latin America, is gearing up to host its flagship event, IGNITE 2025. Scheduled from October 13 to October 15, 2025, at the Central Bank Auditorium in Port-of-Spain, this summit is poised to be a pivotal gathering for startups, investors, and industry leaders.

    IGNITE 2025 is not just another conference; it’s a platform where transformative deals are made. Andrew Seepersad, Head of Strategy & Operations at Caribbean Dragons, emphasizes the event’s significance: ‘The biggest challenge for early-stage founders is access to key resources such as capital, mentorship, and the right networks. IGNITE 2025 brings them all together in one place.’

    Last year’s summit marked a turning point for Caribbean startups, thanks to a strategic partnership with the British High Commission, which opened doors for founders aiming to scale internationally. The Investors’ Workshop attracted major financiers, many of whom are now exploring regional ventures as part of their alternative portfolios.

    This year’s lineup includes high-profile speakers such as Marcus Dantus, a Shark at Shark Tank Mexico and founder of Startup Mexico. The summit will delve into critical topics like building regional capacity, exploring high-value opportunity areas such as FinTech and HealthTech, and sharing success stories from local and international founders.

    Seepersad highlights the broader mission: ‘Caribbean startups face capital constraints and scalability hurdles. IGNITE is about building investor confidence and ensuring founders can effectively navigate international markets.’ Looking ahead, Caribbean Dragons plans to expand IGNITE across the region, with Jamaica or Guyana as potential hosts as early as 2026.

    With over 100 startups expected to attend, corporate sponsors from finance, tech, and hospitality sectors, and a growing global audience, IGNITE 2025 is set to be the birthplace of the next big Caribbean entrepreneurship success story. For tickets and more details, visit www.caribbeandragons.org/ignite.

  • Forex: $160.48 to one US dollar

    Forex: $160.48 to one US dollar

    KINGSTON, Jamaica — On Thursday, September 18, the US dollar experienced a slight decline against the Jamaican dollar, closing at $160.48, a decrease of 26 cents, as reported by the Bank of Jamaica’s daily exchange trading summary. This shift reflects ongoing fluctuations in the global currency market. Additionally, the Canadian dollar also saw a dip, ending the day at $116.29, down from $117.36. Similarly, the British pound weakened, closing at $217.95 compared to its previous rate of $220.49. These movements highlight the dynamic nature of international currency exchanges and their impact on local economies. Analysts suggest that such fluctuations may be influenced by broader economic trends and geopolitical factors affecting global markets.

  • CDB backs new initiative to boost Cayman Island’s MSME sector

    CDB backs new initiative to boost Cayman Island’s MSME sector

    In a significant move to bolster the micro, small, and medium-sized enterprise (MSME) sector, the Caribbean Development Bank (CDB) has announced a strategic partnership with the Cayman Islands Centre for Business Development (CICBD). The initiative, backed by a substantial grant of nearly US$80,000, is designed to fortify the business support ecosystem, encourage inclusive economic participation, and stimulate sustained economic growth in the Cayman Islands. Premier and Minister for Financial Services and Commerce, André M Ebanks, lauded the collaboration, emphasizing its alignment with the government’s vision for a more vibrant and dynamic business environment. He highlighted the initiative’s focus on reducing barriers, enhancing access to financing, and building resilience among Caymanian entrepreneurs, ensuring that MSMEs remain pivotal in job creation, innovation, and economic diversification. The CDB’s new policy framework will prioritize empowering women, youth, and entrepreneurs in non-traditional industries, while also boosting business confidence and investment. It aims to foster ongoing dialogue between policymakers and the private sector, ensuring that entrepreneurial voices are integral to national development strategies. Lisa Harding, Division Chief of Private Sector at the CDB, underscored the initiative’s alignment with the bank’s broader strategy to enhance competitiveness, build resilience among MSMEs, and contribute to sustainable national development. The project is also expected to yield critical insights into the role of MSMEs in GDP, employment, and revenue generation, while strengthening the government’s ability to formulate investment-friendly policies and improve service delivery by business support organizations. Additionally, the policy development process will leverage regional expertise and technical resources to conduct a thorough assessment of the MSME landscape, identify key challenges, explore growth opportunities, and provide actionable recommendations to create a more conducive environment for small businesses to thrive.

  • PM Drew calls for stronger Africa-Caribbean Trade

    PM Drew calls for stronger Africa-Caribbean Trade

    In a significant push to bolster economic and educational ties, Prime Minister Dr. Terrance Drew of St. Kitts and Nevis has called for stronger trade relations between Africa and the Caribbean. Speaking at the African Continental Free Trade Area (AfCFTA) Trade and Investment Conference in Algiers, Algeria, Dr. Drew emphasized the need to bridge the gap between the two regions, which currently accounts for a mere one to three percent of total trade. He described this as a ‘Transatlantic Bridge of Hope,’ aiming to reconnect the Caribbean and Africa for mutual benefit. Dr. Drew highlighted key sectors such as technology, agriculture, and renewable energy as potential areas for investment and collaboration. He also underscored the importance of educational partnerships, citing initiatives with universities in Tanzania, Kenya, and Ghana. Despite challenges like limited air connectivity, Dr. Drew expressed optimism about growth opportunities in tourism and the creative industry. The Afreximbank is playing a pivotal role in supporting these efforts, providing economic opportunities for investment and growth between the two regions.

  • System for design: a road travelled and still to be travelled

    System for design: a road travelled and still to be travelled

    The Cubaindustria 2024 event, currently underway, features a dedicated Design Forum focusing on the recently approved industrial design policy, its environmental implications, and its alignment with the circular economy. This forum highlights the progressive economic transformations in Cuba, which have paved the way for new opportunities and challenges in the design sector. The cornerstone of these advancements is Decree 88, approved by the Council of Ministers in 2023, which established the National System for Industrial Design and Visual Communication.

    Gisela Herrero García, Director of the National Design Office (ONDI), emphasized the historical significance of this development. ‘We were pioneers in creating an office that itself represents the first public policy in design. Thanks to Fidel Castro’s vision, an organization was established in 1980 to evaluate, develop, train, and promote design. This was a bold initiative,’ she remarked. The journey to this milestone included the creation of the Evaluation System and the Registry of Designers, culminating in nearly 45 years of dedicated effort.

    The newly approved policy and system are the result of collaborative efforts involving professionals from various disciplines. Given its dynamic nature, the system requires continuous updates to adapt to evolving technologies and methodologies. ‘The National System is a work in progress, constantly reinventing itself. As disciplines evolve and new technologies emerge, designers must be equipped with the tools to address contextual challenges,’ Herrero García added.

    Although the design policy is relatively new within the industry sector, it has a cross-cutting influence on other areas such as industrial development, automation, maintenance, recycling, and packaging. This integration, according to Herrero García, strengthens the national economy. ‘Design must serve the economy. It’s crucial to position design as an investment rather than a cost, ensuring it adds value to processes and outcomes,’ she explained.

    The policy’s implementation has already yielded tangible results, including enhanced partnerships with various entities and a deeper understanding of the strategic importance of design evaluation. For instance, the Cuban Apiculture Enterprise (Apicuba) underwent significant transformations following an evaluation, leading to improved product quality and organizational efficiency. ‘Even small improvements can have a profound impact, enhancing both the product and the organization’s strategic management,’ Herrero García noted.

    Looking ahead, the priorities for the design sector are extensive, ranging from introducing design concepts at an early age to creating solutions for the elderly. ‘Design and communication must be recognized as key drivers of company development,’ Herrero García stressed. The systemic approach to design emphasizes collaboration and process-oriented thinking, ensuring that design continues to play a pivotal role in Cuba’s economic resilience.

    Herrero García concluded, ‘Without political will, we wouldn’t have reached this point. The design policy is a strategic tool for training and development, and with a systemic approach, it will continue to enhance our economy.’