分类: business

  • Cuban tobacco is also being rolled using solar energy

    Cuban tobacco is also being rolled using solar energy

    For a Cuban tobacco producer in the eastern province of Las Tunas, the shift to renewable energy is more than an environmental initiative — it is a lifeline for an industry with centuries of local heritage that has struggled with crippling power instability and economic headwinds in recent years.

    The Las Tunas Tobacco Collection, Processing, and Rolling Company (known locally by its Spanish acronym ABTT) now produces nearly 60 kilowatts of electricity through newly installed photovoltaic panels across its manufacturing facilities, which supply premium cigars for both domestic consumption and global export markets. While integrating renewable energy has been a core part of the company’s strategic roadmap for several years, the initiative was derailed for a period by persistent shortages of foreign currency, which blocked the purchase of critical equipment.

    Before the solar rollout, chronic unreliable grid power forced frequent work stoppages across ABTT’s production workshops. Those disruptions hit output hard: at the time the transition plan was launched, the firm produced just over 400,000 export-quality cigars and nearly 1.5 million units for domestic sale, with annual revenue losses from outages topping 26 million pesos.

    To address the crisis, parent group Tabacuba Business Group launched a full-scale energy transition across all core operations, starting with the Vidal Navas and Maniabón factories in Puerto Padre, which prioritize production for international export. Additional photovoltaic systems were added to select workshops at the Enrique Casals facility in Las Tunas municipality, another site focused on overseas sales.

    Building on the early success of these first installations, the Lázaro Peña plant in Jobabo — which supplies the domestic market — is set to bring two 6-kilowatt solar panel modules online in the coming period, a change designed to reshape the facility’s energy profile and protect its consistent production output. According to Carlos Betancourt Almaguer, Development Director at ABTT, additional photovoltaic infrastructure will be rolled out incrementally across remaining workshops in the province, while contracting for new systems is already underway for other key sites, including a central tobacco sorting center and the company’s main distribution warehouse.

    Beyond stabilizing production levels, Betancourt Almaguer noted that the shift has already improved workplace conditions for employees. Previously, unscheduled outages forced early shutdowns, cutting into workers’ daily wages. Now, staff arrive at the facility confident that production will proceed as planned, eliminating unexpected lost income.

    The solar transition is not limited to manufacturing: the company has partnered with the Agricultural Projects Company and the Ministry of Agriculture to install solar-powered irrigation systems in 18 new seedling houses across nine independent tobacco producers’ farms. This on-farm renewable infrastructure will ensure planting can be completed on the optimal schedule, boost crop yields, and add greater reliability to the annual tobacco growing campaign.

    For Las Tunas, a region with tobacco production roots stretching back to the 18th century, this widespread energy shift could mark the first step toward a broader industry recovery. After a revival of tobacco cultivation in 1993, the region saw rapid growth that cemented its status as one of Cuba’s top tobacco producing areas, hitting a peak in 2017 with a harvest of 1,276 tons of raw tobacco. In recent years, however, production has dropped sharply, with current annual output barely exceeding 100 tons. Industry leaders hope that resolving power instability through renewable energy will reverse that trend and restore the region’s historic standing in Cuban tobacco.

  • Antigua and Barbuda launches Canadian travel agent advisory committee

    Antigua and Barbuda launches Canadian travel agent advisory committee

    TORONTO – In a calculated move to deepen partnerships with Canada’s travel industry and expand the twin-island nation’s footprint in the Canadian travel market, the Antigua and Barbuda Tourism Authority (ABTA) Canada office has revealed the establishment of its brand-new Canadian Travel Agent Advisory Committee.

    The official launch of the initiative, unveiled on May 6, was intentionally aligned with Canada’s Travel Agent Day, a choice that highlights the central, often underrecognized, role travel advisors play in shaping vacation choices for Canadian travelers, building consumer demand for Caribbean destinations, and driving sustained tourism growth for host countries.

    Earlier this year, ABTA Canada put out a public call for applications from travel professionals across the country seeking to join the committee. Following a selection process, the hand-picked group of industry experts has already held its first official convening to kick off the partnership. The committee brings together a diverse cohort of veteran, highly engaged travel advisors from every major region of Canada, covering all key segments of the travel industry, including luxury getaways, meetings, incentives, conferences, and exhibitions (MICE), general leisure travel, and multi-generational group travel.

    Tameka Wharton, Director of Tourism for ABTA Canada, shared her excitement about the new collaboration in the wake of the inaugural meeting. “The energy, actionable insight, and genuine enthusiasm this group has already brought to our first discussion has been incredibly encouraging,” Wharton stated. “Travel advisors hold an outsized influence over how Canadians discover new destinations and plan their travel experiences. By bringing this group of on-the-ground professionals together, we can stay tightly aligned with the changing needs and trends of the Canadian market as it continues to evolve. Their frontline perspective will help us grow Antigua and Barbuda’s tourism sector in a way that is both strategically sound and responsive to industry shifts, as the global travel landscape continues to transform post-pandemic.”

    The newly formed committee will be led by two co-chairs, both decorated top performers for Antigua and Barbuda tourism. The first co-chair is Laura Price from the Blowes & Stewart Travel Group, who earned the distinction of being named Antigua and Barbuda’s top Canadian travel seller for 2025. Joining her as co-chair is Olimpia Govorusa of Travel Our World, Envoyage, who claimed the title of top agent two years running, in both 2024 and 2025. Both leaders hold the official designation of Antigua and Barbuda Certified Travel Experts and bring decades of proven sales experience to the role.

    Joining the two co-chairs on the committee are six additional seasoned travel professionals from across Canada: Yvonne Campbell of Yvonne’s Travel and Tours (Nexion Canada), Jennifer Meyer of Creative Group, Anita Paton of The Travel Agent Next Door, Michelle Zimmer of Travelweek, and Jakki Prince of Prince Adventures (Trevello). The committee will support ABTA Canada’s broader push into the market, which also includes strengthened Quebec-based trade representation and expanded public outreach initiatives.

  • Seiveright highlights Jamaica’s growing investment momentum at Ireland business reception

    Seiveright highlights Jamaica’s growing investment momentum at Ireland business reception

    DUBLIN, Ireland — On a crisp Monday evening in the Irish capital, Jamaica’s junior trade and investment minister Delano Seiveright took the stage at a high-profile industry reception to lay out the Caribbean nation’s compelling case for stronger commercial collaboration with Ireland, as part of a wider government-led trade and investment mission across Ireland and the United Kingdom.

    Organized by Jamaica’s national investment promotion agency JAMPRO (Jamaica Promotions Corporation) under the oversight of the Ministry of Industry, Investment and Commerce, the invitation-only event brought together a diverse cross-section of stakeholders: top Irish corporate executives, the Jamaican private sector delegation accompanying the mission, senior leaders from JAMPRO and the Jamaica Special Economic Zone Authority (JSEZA), members of the large Jamaican diaspora based in Ireland, and other key industry partners.

    Opening his remarks, which wove together cultural common ground and targeted investment outreach, Seiveright framed the formal deepening of engagement between the two nations as long overdue. As two English-speaking island nations deeply integrated into global supply chains and commercial networks, he argued, Jamaica and Ireland share a surprising number of overlapping strengths that create natural openings for expanded two-way trade, cross-border investment, and long-term commercial partnership.

    Seiveright drew parallels between the two countries, pointing to shared traits including robust democratic governance, world-renowned cultural exports, large, globally connected diaspora networks, universal English proficiency, a proven history of economic resilience, and a widespread culture of entrepreneurship.

    “Ireland has pulled off one of the modern era’s most remarkable economic transformations, emerging as a global success story for investment and innovation across technology, pharmaceuticals, aviation leasing, and food production and export,” Seiveright noted. “Today, Jamaica is pursuing its own ambitious national transformation, focused on growing high-potential sectors including logistics, tourism, digital services, advanced manufacturing, agro-processing, renewable energy, and large-scale infrastructure development.”

    To illustrate the existing global brand recognition both nations enjoy, Seiveright name-checked iconic Irish household brands such as Guinness, Jameson Irish Whiskey, Ryanair and Kerry Group, alongside Jamaica’s own globally recognized portfolio of brands including Red Stripe beer, Appleton Estate rum, GraceKennedy, Sandals Resorts and Wisynco. He highlighted Digicel, the pan-Caribbean telecommunications giant founded by Irish entrepreneur Denis O’Brien, as a tangible, already successful example of deep Irish investment in Jamaica that has delivered widespread benefits across the island and the broader Caribbean region.

    During the address, Seiveright walked attendees through Jamaica’s steadily improving macroeconomic fundamentals and evolving investment landscape, noting the country now boasts historic lows in unemployment, a significantly reduced debt-to-GDP ratio, fast-expanding logistics infrastructure, and growing confidence from international institutional investors. He detailed a wide pipeline of major ongoing and completed investments across Jamaica, led by both international and local players spanning key growth sectors from tourism to energy, logistics, mining, infrastructure, agro-processing and real estate.

    Major projects highlighted include the ongoing expansion of US-based Excelerate Energy’s liquefied natural gas (LNG) and energy operations in Jamaica; large-scale tourism expansion by Spain’s Palladium Hotel Group and Princess Hotels; the Moon Palace resort development in St James led by Mexico’s Palace Resorts; the luxury Pinnacle residential development in Montego Bay; large-scale agro-processing and sugar modernization projects with regional and international partners in Clarendon; and growing operations by US-Swiss building materials firm Amrize, which now runs Jamaica Aggregates on the island. Seiveright also underscored the continued expansion and investment by leading homegrown Jamaican corporations including Sandals Resorts International, GraceKennedy, Wisynco and Seprod, alongside rapid growth in the country’s logistics and digital services sectors.

    Beyond core economic metrics, Seiveright updated attendees on Jamaica’s progress in two key areas that impact long-term investment attractiveness: post-disaster recovery and public safety. He outlined the country’s rapid recovery and reconstruction work in the wake of Hurricane Melissa, highlighting the role of the National Reconstruction and Resilience Authority (NaRRA) and the government’s FAST (Facilitated Acceleration of Strategic Transformation) Jamaica initiative in speeding up infrastructure delivery and boosting national climate resilience. He also noted that Jamaica has achieved a dramatic reduction in violent crime, with the national murder rate falling by more than 40% in 2025, a major milestone for improving quality of life and business operating conditions.

    Seiveright paid tribute to the leadership of Jamaican Prime Minister Andrew Holness and industry, investment and commerce minister Senator Aubyn Hill for driving the country’s ongoing economic reform and international business development agenda. The trade and investment mission will continue through the week, with additional scheduled meetings with Irish and UK cabinet ministers, C-suite business leaders, institutional investors, trade stakeholders and diaspora representatives across both countries, as Jamaica ramps up efforts to boost export growth, attract new foreign direct investment, and deepen its network of international commercial partnerships.

    Joining Seiveright at the Dublin reception were JAMPRO President Shullette Cox, JSEZA representatives, members of the Jamaican business delegation, and Jamaica’s Non-Resident Ambassador to Ireland, Alexander Williams.

  • Gas price pledge

    Gas price pledge

    The ongoing Middle East conflict has sent shockwaves through global energy markets, pushing oil prices to levels not seen since the 2022 Russian invasion of Ukraine and triggering widespread forecasts of broad commodity price increases in the coming years. But for Jamaica, one critical energy import will remain insulated from this market turbulence, according to the island nation’s top liquefied natural gas (LNG) supplier.

    The World Bank projects that 2024 global oil prices will reach their highest mark in nearly three years, with broader commodity markets set to see a 16% overall price surge by 2026 driven by climbing energy, fertilizer and key metal costs. Jamaica has already felt the strain of recent market shifts: retail gasoline prices on the island have jumped 20% since the Middle East conflict began, leaving consumers and industry stakeholders anxious about potential spillover into natural gas pricing.

    In an exclusive interview with the Jamaica Observer, Steven Kobos, president and chief executive officer of Excelerate Energy, moved to ease those concerns, confirming that existing long-term contracts lock in stable LNG pricing for Jamaican customers that will not shift amid global volatility. Unlike LNG buyers that purchase supply on the volatile spot market, which has seen sharp price increases amid reduced export volumes from Persian Gulf producers, Jamaica’s contracted supply is legally protected from these market swings.

    Kobos emphasized that his firm has no plans to divert contracted LNG shipments to higher-paying markets, a fear some industry observers have raised as European benchmark natural gas prices (the Title Transfer Facility index) skyrocket in response to the conflict. “Our business model is built on flawless operations, maximum reliability and keeping the commitments we make,” Kobos explained. “We have fixed contracted prices for our Jamaican customers, and that is exactly what we are delivering. Jamaican consumers are not paying a higher premium for LNG because of the war, and that will not change.”

    Beyond confirming stable pricing, Kobos framed the current global energy crisis as a proof point for the value of contracted LNG as an affordable, secure energy source. He also pushed back against speculation that Excelerate would prioritize more profitable markets over its existing commitments to Jamaica, noting that the company’s decades-long track record across multiple countries demonstrates its commitment to honoring contractual obligations. “Some people joke that boring reliability is the new sexy, and that’s who we are,” Kobos said. “I’ve told the Jamaican government that we are a reliable partner, and any of the governments we’ve worked with for years will confirm that track record.”

    This commitment to local partnership was already put to the test in October 2023, when Hurricane Melissa hit Jamaica. Within days, Excelerate mobilized its regional assets to deliver more than $1.3 million in emergency relief funding and supplies to the island, loading materials onto the company’s vessel *Excelerate Shenandoah* in Panama and sailing directly to Kingston. Though the firm is U.S.-headquartered and operates globally, Kobos said Excelerate views itself as a rooted member of the Jamaican business community, bound by a responsibility to support local stakeholders during crises.

    “We believe companies are judged by their actions, not their words,” Kobos said. “When the markets you operate in face extraordinary challenges, that’s when you prove your commitment. We were fortunate to have regional assets in place to respond quickly, and we were proud to stand with Jamaica when it needed support.”

  • Veranderende consumptiegewoonten in China kunnen Amazone-regenwoud beschermen

    Veranderende consumptiegewoonten in China kunnen Amazone-regenwoud beschermen

    Against a backdrop of growing global concern over Amazon deforestation tied to agricultural trade, a group of leading Chinese beef importers has made a landmark commitment to source deforestation-free certified beef from Brazil, challenging long-held assumptions about China’s approach to global commodity purchasing. The initiative, led by Xing Yanling, chair of the Tianjin Meat Industry Association, marks a visible shift toward sustainability in one of the world’s largest agri-food trade relationships. During an April visit to the Brazilian Amazon region, Xing expressed admiration for the region’s rich ecosystems, framing her trip as far more than a casual tourist visit. Under her leadership, importers handling roughly 40% of all China’s Brazilian beef imports have pledged to purchase 50,000 tons of certified deforestation-free beef before the end of 2025. This volume accounts for approximately 4.5% of Brazil’s projected total beef exports to China for the year. For years, conventional wisdom has held that China prioritizes low prices above all else when sourcing bulk commodities like soy and beef from South America. This new pledge upends that narrative, signaling that one of the most powerful players in global commodity trade is willing to pay a premium for more sustainable, responsibly sourced supply chains. The private sector commitment builds on years of policy action from the Chinese government to address the environmental footprint of its international trade. In 2019, China updated its forestry laws to ban trade in illegally harvested timber, and in 2023, the country signed a joint agreement with Brazil to end trade linked to illegal deforestation. Even before the latest industry commitment, major Chinese state-owned agribusiness COFCO had already laid out a goal to eliminate deforestation from its entire supply chain starting last year. Beef production is widely recognized as one of the agricultural commodities most closely linked to Amazon deforestation, particularly in Brazil’s northern rainforest regions. Environmental research group MapBiomas estimates that 90% of all deforested land in the Brazilian Amazon is immediately converted to cattle pasture. As Chinese consumer awareness of environmental issues grows alongside rising purchasing power, demand for traceable, more eco-friendly food products has surged. The new initiative relies on the “Beef on Track” certification label developed by Brazilian non-profit Imaflora, which allows end consumers and buyers to verify that beef is fully traceable, sourced from legal land, and free of deforestation links. Impressively, the Tianjin-based importers have agreed to pay a 10% premium for beef that meets the certification’s strict standards, which also include prohibitions on slave labor. While the initiative holds enormous potential to drive systemic change in the Brazil-China beef trade, it faces significant, well-documented challenges. Brazil’s current cattle tracing systems are vulnerable to fraud, a common scam known as “cattle laundering” where illegal cattle raised on deforested land are mixed with legal cattle to enter the supply chain. Industry experts note that widespread upgrades to tracing infrastructure could take years to implement. Additionally, Brazil implemented a new import quota for beef bound for China this year, adding extra pressure to the already constrained market. Reactions within Brazil’s beef industry have been divided. ABIEC, the country’s leading beef export association, has raised concerns that adding an extra certification layer could complicate market operations and has called for alignment with existing industry systems. Even so, Imaflora emphasizes that the certification is designed to reward existing sustainable efforts and open new market opportunities, rather than create unnecessary barriers for producers. “This certification recognizes the work that companies are already doing to guarantee sustainability and traceability,” explained Marina Guyot, a representative of Imaflora. The “Beef on Track” certification is expected to be fully available to meat processors, retail supermarkets, and importing companies by the end of the year, opening what could be a transformative new chapter in sustainable bilateral trade between Brazil and China.

  • St. Kitts and Nevis Citizenship Wins ‘Programme of the Year’ and Three Other Awards at CIS 2026 – WIC News

    St. Kitts and Nevis Citizenship Wins ‘Programme of the Year’ and Three Other Awards at CIS 2026 – WIC News

    The Caribbean Investment Summit (CIS) 2026, held in Saint Lucia from May 6 to 9, has crowned St. Kitts and Nevis’ long-standing citizenship-by-investment (CBI) Programme as its 2026 Programme of the Year, capping a sweep of four prestigious industry awards that highlight the jurisdiction’s successful reforms and regional leadership.

    In addition to the summit’s highest honor, the federation took home three additional distinguished awards: the Caribbean Impact Award, the Sustainable Development Impact Award, and the Time to Citizenship Efficiency Award, marking the second consecutive year the CBI programme has claimed the efficiency honor.

    The accolades come less than two years after the St. Kitts and Nevis government restructured the CBI programme to operate under an independent statutory framework, a shift designed to strengthen regulatory oversight and reduce direct political interference in daily operations. Calvin St. Juste, Executive Chairman of the federation’s Citizenship by Investment Unit (CIU), accepted the awards on the government’s behalf, emphasizing that the recognition reflects the current administration’s sustained commitment to modernizing the jurisdiction’s CBI offering.

    Key reforms rolled out following the structural transition include enhanced, multi-layered due diligence protocols, mandatory biometric identity verification for all applicants, and updated global compliance procedures aligned with leading international regulatory standards. St. Juste noted that these changes were implemented with two core goals: boosting the programme’s overall integrity and transparency, while cutting processing timelines to improve operational efficiency. Those adjustments have successfully positioned St. Kitts and Nevis’ CBI programme as one of the most competitive and trusted offerings in the Caribbean, he added.

    The Sustainable Development Impact Award acknowledges the programme’s contributions to advancing the federation’s national Sustainable Island State agenda, which centers on building long-term climate resilience, expanding public infrastructure, and advancing inclusive economic growth across both islands. The Caribbean Impact Award, meanwhile, recognizes the jurisdiction’s work to elevate regional industry standards and drive shared economic development across the Caribbean bloc through cross-border cooperation in investment migration.

    Following the announcement, the CIU publicly celebrated the win on its official Facebook page, extending congratulations to its entire team for the work that delivered the milestone achievement.

    The 2026 CIS brought together hundreds of attendees, including senior government officials, CBI industry stakeholders, and global investment migration experts from across the Caribbean and beyond, to address key trends shaping the global citizenship-by-investment sector. Core discussion themes at this year’s summit included strengthening regional collaboration, raising global compliance benchmarks, integrating sustainability into CBI strategy, and unlocking new cross-regional investment opportunities.

    In a related announcement made during the summit, organizers confirmed that St. Kitts and Nevis will serve as the host nation for the 2027 Caribbean Investment Summit. Looking ahead to the coming months, the St. Kitts and Nevis CIU is also preparing to host its own standalone Investment Gateway Summit in the federation’s territory of St. Kitts, scheduled to run from June 17 to 20, 2026.

  • Roberts Manufacturing’s public share offer closes successfully

    Roberts Manufacturing’s public share offer closes successfully

    After eight decades of operating as a cornerstone of Barbados’ manufacturing sector, Roberts Manufacturing Co. Limited has announced the successful completion of the initial phase of its public share offering, marking a historic milestone for both the company and regional Caribbean capital markets. Founded 80 years ago, the firm has built its reputation as a leading producer of margarines, shortening, edible oils and animal feeds, with distribution networks reaching 15 distinct Caribbean markets, and its initial public offering phase has drawn widespread support from a diverse pool of investors across the region.

    Participation in the offering came from an extraordinarily broad base of market actors, spanning retail investors, institutional financial entities, and corporate stakeholders across the Caribbean. Data from the company confirms more than 1,600 retail investors took up shares, including over 130 current employees of Roberts Manufacturing. Beyond retail stakeholders, the offer attracted subscriptions from a wide range of institutional players: statutory pension and social insurance funds, both defined-benefit and defined-contribution pension schemes, mutual fund managers, the domestic credit union sector, insurance firms, and other regulated financial entities. Corporate investors also joined the shareholder base, while significant cross-border interest from a leading Eastern Caribbean fund manager signaled early institutional confidence in the company as a credible regional issuer.

    Garfield Sinclair, Chair of Roberts Manufacturing, emphasized that the breadth of investor backing reflects deep confidence in the firm’s eight-decade track record of local operation, job creation, and export leadership out of Barbados. The core objective of the offering, he noted, was to place direct equity ownership of a stable, profitable, homegrown Barbadian company into the hands of citizens across all segments of society – a goal that has been fully realized through the offering’s outcome. Sinclair described the investor response as “outstanding,” noting that the company was particularly encouraged by a single major long-horizon Barbadian institutional investor committing to 20% of the entire offering, a major vote of confidence in the firm’s long-term growth trajectory.

    “The response of Barbadian investors to this offer has been outstanding, and we are deeply grateful for it. One of the most diverse and high-quality shareholder registers seen on the Barbados Stock Exchange in many years has been built through the combined participation of statutory and private pension funds, mutual fund managers, the credit union sector, insurers, corporates and over 1 600 retail investors, including over 130 employees,” Sinclair said. “Roberts Manufacturing is now, in a way it has never been before, owned by the country it has served for eight decades. We will work hard, every day, to reward that confidence.”

    Allotment of shares to successful subscribers is already underway, with admission to trading on the Barbados Stock Exchange expected to open during the week commencing May 25, 2026. Trading will operate under the ticker symbol RMCO, and the exact listing date will be shared in a separate formal announcement once all customary listing procedures are finalized. Existing selling shareholders, PROVEN Group Limited and McAl Trading Limited, will retain a substantial stake in the company alongside the new cohort of public shareholders, aligning their ongoing interests with the new investor base.

    The company’s board has confirmed that it will explore additional capital markets initiatives in the future to further expand the investor base and improve secondary market liquidity for RMCO shares. For the initial offering, Caribbean Strategic Advisors Inc. served as advisor to the selling shareholders, with SigniaGlobe Financial Group acting as lead broker and Capita Financial Services stepping in as co-broker. The G&A Group led all marketing and communications for the offering, and the official prospectus, dated October 31, 2025, remains available to interested parties through licensed Barbados Stock Exchange brokers and the Barbados Financial Services Commission.

  • Excelerate bullish on Jamaica

    Excelerate bullish on Jamaica

    Twelve months after completing a $1 billion acquisition of New Fortress Energy’s Jamaican assets that cemented its position as the island nation’s primary liquefied natural gas (LNG) supplier, US-based global energy firm Excelerate Energy has reaffirmed its long-term commitment to Jamaica and announced plans to deploy additional capital to expand its local footprint. In an exclusive anniversary interview with Jamaica Observer, Steven Kobos, Excelerate’s President and Chief Executive Officer, laid out the company’s bullish outlook for its Jamaican operations and the broader national economy.

  • Seiveright leads week-long Jamaica Trade and Investment Mission to Ireland and UK

    Seiveright leads week-long Jamaica Trade and Investment Mission to Ireland and UK

    KINGSTON, Jamaica — A high-profile Jamaican trade and investment delegation led by Delano Seiveright, State Minister for the Ministry of Industry, Investment and Commerce and Member of Parliament for St Andrew North Central, departed the island on Saturday for a seven-day mission across Ireland and the United Kingdom. The initiative is built around three core goals: unlocking new export pathways for Jamaican goods and services, deepening existing cross-border business partnerships, and moving forward high-stakes investment discussions that support long-term economic growth for the Caribbean nation.

    Organized by JAMPRO, Jamaica’s national investment and export promotion agency operating under the Ministry of Industry, Investment and Commerce, the mission includes official representation from the Jamaica Special Economic Zone Authority (JSEZA) — another body under the industry ministry — alongside a diverse group of private sector firms from across Jamaica’s key economic segments. These participating companies span manufacturing, agro-processing, health and wellness, education services, legal services, and digital innovation, representing some of Jamaica’s most competitive growing industries. Notable names in the delegation include Wisynco Group Limited, Grace Foods UK, and Optimity Group, among other leading domestic businesses.

    Over the course of the mission, the Jamaican delegation will take part in two major regional trade summits: the Ireland–Latin America & Caribbean Trade Horizons Forum hosted in Dublin, Ireland, and the UK-Caribbean Trade & Investment Forum held at London’s iconic Lancaster House. Beyond these large-scale forums, the schedule also includes tailored one-on-one investor meetings, targeted business roundtables, and networking sessions designed to connect Jamaican delegates with top industry and government stakeholders from both Ireland and the UK. Seiveright has planned bilateral meetings with several senior government officials, including Ireland’s Minister for Enterprise, Tourism and Employment Peter Burke, and UK Minister of State at the Department for Business and Trade Sir Chris Bryant, as well as discussions with leading British and Irish business leaders.

    In comments ahead of the departure, Seiveright emphasized that the mission represents a deliberate, collaborative public-private sector strategy. The approach is designed to deliver tangible, actionable commercial openings for Jamaican enterprises while simultaneously cementing Jamaica’s reputation as a competitive global destination for foreign direct investment across logistics, digital services, manufacturing, and other high-growth sectors.

    “This is a highly targeted, content-driven mission that brings JAMPRO’s global business development strategy directly to the ground, pairing Jamaican companies face-to-face with investors, distributors, and potential new partners across Ireland and the UK,” Seiveright explained. “At its core, this mission is about opening new doors for Jamaican businesses, strengthening long-standing commercial relationships, and positioning Jamaica strategically to thrive amid a rapidly shifting global economic landscape,” he added.

    Seiveright also publicly recognized the ongoing strategic guidance and support provided by Senator Aubyn Hill, Jamaica’s portfolio minister for industry, investment and commerce, for advancing the nation’s international trade, investment, and business development agenda. He went on to outline Jamaica’s current strong economic fundamentals, noting that the country continues to see consistent gains from improving macroeconomic stability, historically low national unemployment rates, growing investor confidence, and rapidly expanding logistics and infrastructure capabilities that make it an attractive partner for global businesses and investors.

  • IMF Warns Skills Shortages Could Slow Antigua and Barbuda’s Economic Growth

    IMF Warns Skills Shortages Could Slow Antigua and Barbuda’s Economic Growth

    The International Monetary Fund (IMF) has issued a cautious assessment of Antigua and Barbuda’s economic trajectory, flagging persistent labor and skills gaps alongside limited domestic capacity as key headwinds that could dampen long-term growth even as the nation continues to record solid near-term expansion.

    In its concluding statement following the latest Article IV consultation — the IMF’s regular annual economic health check — the organization emphasized that risks to the Caribbean nation’s outlook remain skewed toward the downside. These risks stem from a mix of persistent global economic uncertainty and domestic structural bottlenecks that limit the country’s ability to capitalize on growth opportunities.

    Among the most pressing domestic challenges identified by IMF executive directors are widespread labor and skills shortages. The organization warned that if these gaps are left unaddressed, they will act as a persistent drag on sustainable development. Directors urged Antigua and Barbuda’s government to prioritize tackling these shortages as a core component of broader policy reforms designed to boost national competitiveness and lay the groundwork for robust long-term economic expansion.

    Beyond addressing workforce gaps, the IMF called for targeted structural reforms to lift overall productivity and improve transportation and digital connectivity, two pillars that underpin the country’s vital trade and tourism sectors. Key policy recommendations put forward by the organization include streamlining inefficient port and customs clearance procedures to reduce trade frictions, and adopting a more disciplined, prioritization-focused approach to public infrastructure investment to ensure resources deliver maximum economic impact.

    The IMF’s warning comes amid positive near-term economic data for the dual-island nation. The organization projects that Antigua and Barbuda will record a 3% real GDP growth rate in 2025, with expansion largely driven by sustained strength in the construction sector even as tourism output grows at a slower pace than previously expected.

    The report also noted encouraging near-term macroeconomic trends: total employment has now fully recovered to pre-COVID-19 pandemic levels, while headline inflation has cooled dramatically to 1.4% in 2025, a sharp decline from the elevated levels seen in recent years.

    While the IMF highlighted multiple downside risks to the outlook, it also emphasized that upside potential remains available. If authorities implement the recommended productivity-enhancing reforms, strengthen connectivity, and see a rebound in global tourism demand, Antigua and Barbuda can build a more resilient and faster-growing economy over the medium term.