By Dr. Caroline Shenaz Hossein PRIDE Guest Contributor TORONTO, Ontario March 8, 2018 — Hundreds, if not thousands, of hyphenated Canadians engage in economic collectives or peer-to-peer banking institutions, officially known in academic circles as rotating savings and credit associations ...
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Feed SubscriptionA Restructured African Development Bank Plans To Meet Economic Challenges Facing Continent
By Akinwumi A. Adesina Guest Writer ABIDJAN, Cote d’Ivoire, Feb 26, 2018 (IPS) — Over the past few years, the African Development Bank (AfDB) has confirmed its position as Africa’s premier development finance institution, generating significant impact on the continent’s ...
Read More »Canadian Oil And Gas Exploration Company Acquires Full Ownership Of Guyana Subsidiary
TORONTO, Ontario February 22, 2018 (CMC) – Canadian-based oil and gas exploration company, Eco (Atlantic) Oil & Gas Ltd. announced, on Tuesday, that Eco (Guyana) Oil and Gas (Barbados) Ltd. (Eco Barbados), a wholly-owned subsidiary of the Company, has agreed ...
Read More »Five Business Clichés And “Don’t Says” To Avoid At Work
By Richard Moran Guest Writer Those pointless little phrases you use at work might be sending exactly the wrong message — for instance, that you’re too lazy to come up with something better. Below, I explain why it’s time to ...
Read More »Lawsuits Allege NYPD Cops Target Caribbean-owned Businesses
NEW YORK CITY, New York February 8, 2018 (CMC) – The New York Police Department (NYPD) has been hit with lawsuits, alleging that police officers unfairly targeted businesses that cater to Brooklyn’s Caribbean community. Former City Councilman, Dr. Kendall Stewart, ...
Read More »Caribbean Development Bank Predicting Economic Growth For The Region In 2018
BRIDGETOWN, Barbados, February 8, 2018 (CMC) – Caribbean economies are expected to register an average two percent growth this year, following overall growth of less than one percent in 2017, the Barbados-based Caribbean Development Bank (CDB) reported, yesterday. CDB Director ...
Read More »Caribbean Nitrogen Company Closes Ammonia Plant In Trinidad & Tobago
PORT OF SPAIN, Trinidad and Tobago, January 24, 2018 (CMC) – The Caribbean Nitrogen Company (CNC) announced, today, the immediate closure of its ammonia plant, in the Point Lisas Industrial Estate in central Trinidad, resulting in the loss of an ...
Read More »Can Uganda Reduce Financial Exclusion To 5 Percent In 5 Years?
By Nathan Were IPS Guest Writer WASHINGTON DC, January 17, 2018 (IPS) — In October 2017, Uganda launched a new five-year National Financial Inclusion Strategy. The strategy seeks to reduce financial exclusion from 15 to 5 percent by 2022 by ensuring ...
Read More »Guyana’s Private Sector Commission Concerned About ExxonMobil Contract
GEORGETOWN, Guyana, January 12, 2018 (CMC) – The Private Sector Commission (PSC) has expressed concern about the recently-released contract between the government and US oil giant, ExxonMobil. Last weekend, the PSC said, while the contract, released just a few days ...
Read More »Jamaican-Canadian Billionaire, Michael Lee-Chin, Set To Take Majority Stake In Bermuda Bank
By Ivan Clifford CMC Contributing Writer HAMILTON, Bermuda, December 4, 2017 (CMC) — A company — owned by 66-year-old Jamaican-Canadian billionaire Michael Lee-Chin’s Portland Holdings — is set to take a majority stake in the parent company of Bermuda’s Clarien ...
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