Barbadians are happy to see progress being made in the ease of doing business also referred to as business facilitation. For many years straddling both administrations the refrain has been – Barbados must improve the ease of doing business.
The use of technology to efficiently deliver goods and services is a nobrainer in 2021. The digitization of the Corporate Affairs and Intellectual Property office (CAIPO) went live last week Friday. Although the achievement on the eve of Barbados going to a republic will be hailed as historic by some, the blogmaster’s more sober review – it is better late than never. Finally anyone can register a business by accessing an online portal. What this blogmaster also looks forward to seeing in the near future is a seamless way of doing business across government departments to replace the current situation caused by disparate IT systems and processes.
Senator Kaye McConney et al in a relatively short 3 years have to be complimented. Barbadians look forward to the launch of the National ID project promised in January 2022. Better late then never!
In related news, BU reported a few weeks ago – see Barbados based Fintechs on the MOVE the foray fintech companies Ipay Anywhere and GIFTS made in the international arena by partnering with a Nigerian telco. Based on a recent local press report the same local fintechs recently announced a new partnership with Soleil Capitale Group, a Wall Street based investment banking firm.