分类： business

Grenada concluded its 2025 Treasury Bill offerings with a notably successful auction on December 15th, demonstrating robust investor confidence in the nation’s financial instruments. The Eastern Caribbean Securities Exchange (ECSE) reported that the 365-day Treasury Bill offering was substantially oversubscribed, attracting EC$10 million beyond the initial EC$10 million target.

Utilizing a competitive uniform price methodology, the auction successfully raised EC$20 million at a discount rate of 4.76190%, notably below the maximum rate threshold of 5.0% initially established. This final auction of the year contributed to Grenada’s total 2025 securities market performance, where the government raised over EC$110 million through seven separate auctions comprising four 91-day and three 365-day Treasury Bills.

Proceeds from these securities are strategically allocated toward refinancing existing Treasury bills and notes currently circulating in the market. This approach forms an integral component of the Government’s Debt Management Strategy, specifically designed to minimize borrowing costs by reducing dependency on overdraft facilities.

Notably, investment yields from these instruments remain exempt from taxation, duties, or levies imposed by Participating Governments of the Eastern Caribbean Currency Union (ECCU). With the 2025 auction cycle now complete, market participants anticipate the forthcoming publication of the 2026 prospectus. Grenada maintains its traditional schedule of initiating each year’s securities auctions in February.

GRENADA – The Grenada Chamber of Industry and Commerce (GCIC) celebrated the nation’s most dynamic enterprises at its 32nd Annual Business Awards Ceremony on December 6, 2025. Held at the Radisson Beach Resort in Grand Anse under the theme “From Vision to Impact: Growing Sustainably Together,” the event gathered over 200 leaders from private sector, government, and civil society to honor businesses driving economic resilience through innovation and sustainability.

Keynote speaker Bevil Wooding, Executive Director of the Caribbean Agency for Justice Solutions and renowned technology innovator, framed the awards within the broader challenges facing small island economies. “These awardees demonstrate that innovation, sustainability, and community impact are not optional extras—they are the foundation of long-term business success,” Wooding emphasized, noting how Grenadian businesses are redefining excellence while balancing global competitiveness with local value creation.

GCIC President Collin Francis articulated the strategic vision behind this year’s theme: “Innovation without sustainability is short-lived. Sustainability without innovation leads to stagnation. Together, they point the way to business growth that creates jobs, protects our environment, and builds long-term prosperity for families across Grenada.”

The awards ceremony highlighted a significant shift toward enterprises that successfully merge commercial performance with environmental stewardship, skills development, and community impact. Winners spanned diverse sectors including agriculture, tourism, ICT, marine conservation, and education, reflecting Grenada’s comprehensive approach to sustainable development.

Petipha Lewis, GCIC Executive Director, emphasized the significance of this year’s recipients: “The quality and range of businesses recognized underscore the strength and resilience of Grenada’s private sector, particularly our MSMEs. These enterprises are creating opportunities, embracing technology, safeguarding our environment, and strengthening communities.”

Notable award recipients included Fruittimoss Grenada (Excellence in Agri-Business), Metarelic People Inc. (Excellence in ICT), Grenada Blue Inc. (Marine Conservation), and Glenelg Spring Water Inc. (People’s Choice Award). The Chamber expressed gratitude to sponsors and partners including Republic Bank Grenada Ltd., The Nature Conservancy, and FLOW for their support in making the event possible.

The Grenada Coalition of Service Industries (GCSI) is charting an ambitious course for 2026 following a transformative year of organizational restructuring and strategic partnership development. Under the leadership of Chairman Jude Bernard, the coalition has successfully repositioned itself as a catalyst for service sector growth through its GCSI 2.0 initiative, encapsulated by the motto ‘Transformation through Collaboration and Innovation’.

The coalition’s revitalization efforts have yielded significant achievements, including the establishment of seven pivotal local partnerships with key institutions: Grenada Development Bank, Grenada Bureau of Standards, Grenada Investment Development Corporation, T A Marryshow Community College, Grenada National Training Agency, Grenada Chamber of Industry and Commerce, and Caribbean Coding Academy. Notably, GCSI forged a historic regional alliance through a memorandum of understanding with the Barbados Coalition of Service Industries, marking a milestone in Caribbean economic cooperation.

Building on this foundation, GCSI has outlined an extensive agenda for early 2026 featuring the revival of Services Week from March 21-27. The program includes the return of the signature Services Expo, Grenada’s inaugural Services Industries Award reception, and an innovative virtual Career Day targeting secondary school students.

The coalition’s comprehensive strategy extends beyond events to include substantive capacity-building initiatives. The GATEWAY to Trade program will focus on export capacity development and acceleration for service organizations and SMEs. Simultaneously, the Bridge to Brilliance initiative by DeVry University will address regional talent pipeline strengthening through upskilling and reskilling programs designed for the digital economy.

Additional 2026 plans encompass localized training sessions for stakeholders and collaborative activities with strategic partners, all aimed at elevating Grenada’s service producers to export-ready status and enhancing the nation’s economic development through service sector excellence.