Prime Local ASSets Sold, Again!

First it was the Barbados National Bank (BNB).

Followed by Nation Corporation to T&T owned Caribbean Communications Network (CCN).

Then Barbados Shipping & Trading (BS&T).

Not to forget the take over of Light & Power by EMERA.

And on the weekend there was the report Collins after 134 years in local hands sold out to yet another Trinidadian concern.

In recent years several local companies were sold to non Barbadian interest, however, these five listed resonate. 

If Barbados is to develop empowerment through access to financing must be integral to the process. Maintaining an influential ownership interest in the commercial banking sector should have been a no-brainer for any government. When majority ownership was acquired by Republic Bank in 2003 of BNB the local commercial banking sector became 100% foreign controlled. How can a country with a legacy of chattel slavery not see the lack of a significant presence in the banking sector as a form of modern day slavery by ceding to non Barbadian interest?

The transaction that ‘galls’ the blogmaster the most is the sale of the Nation newspaper, founded by leading lights from the Black community, men like the late Harold Hoyte, Al Gilkes, Fred Gollop et al. An observation by a local historian best sums it up:

“A valued and distinguished institution now stands like a colossus astride our information landscape.”   Professor Hilary Beckles, Pro Vice Chancellor of the University of the West Indies. (Nation Newspaper, November 23, 1994)”

We sold Nation publishing in 2006 to another T&T concern although it was described as a merger. It was with that announcement the blogmaster , although an eternal optimist, knew the fight to ring-fence the real Barbados identity was under threat.

BS&T at the time of sale to T&T conglomerate Neal & Massy in 2007 was the largest conglomerate in the country- pregnant with undervalued assets. Not a dissimilar situation to when Plantations Holdings sold out to CLICO in the 90s, immediately with the sale swaths of land switched to non Barbadian ownership. Why so called Barbadians without compunction sold our finite hills and fields to satisfy the highest bidder is mainly the reason we find ourselves in the current sorry state. Our largest private conglomerate ‘huffed’ in the name of good because local leadership fell asleep at the wheel.

Many blogs can be retrieved from the BU Archives describing how Light & Power – a national strategic asset – got to be controlled by Canadian EMERA. It was interesting to learn last month Dominica regained control (52%) of Dominica Electricity Services Limited (DOMLEC) from EMERA. The move is intended to allow the Dominica government to aggressively pursue a renewable energy strategy, in particular geothermal. The blogmaster is not unkind to saying customer service level from the EMERA owned company has declined to Barbadians since changing hands.

Finally the sale of 134 year old Collins Ltd should also hurt self respecting Barbadians deeply. These days many will dismiss the sale as a routine commercial transaction between buyer and seller. Shouldn’t it be seen as a lot more to educated Barbadians? Should the sensibilities of Barbadians be aroused to the sale of our best ASSets; companies to non Barbadian interest? Do you mean we have invested billions in education post independence to produce a class people for them to lack the perspicacity to be able to retain ownership and efficiently manage our best companies? It begs the question, what is the point? Educate our people to be a subservient class?

Is it too much to hope that award winning Four Square Distillery will not be the next local company placed on the selling block?

Piss in the blogmaster’s pocket do!

192 thoughts on “Prime Local ASSets Sold, Again!


  1. Wuhloss…Hilary is now calling them what i called them for YEARS and got cussed for my troubles…lol

    Pacha…since when did you have to prove you wrote a dissertation…have you not contributed significantly to the blog already…

    “Leading academic raises concern that Barbadians are among the sickest people in the worldArticle by
    Anesta HenryPublished o
    April 13, 2022
    Describing Barbadians as a sick people, addicted to sugar, prominent historian Sir Hillary Beckles is calling for sugarcane plantations to be turned into agricultural lands to grow food for the nation.

    The Vice Chancellor of the University of the West Indies (UWI), said the criminal culture called the sugar plantation system that enslaved, oppressed and made Barbadians sick as a result of a sugar addiction, should be turned into food plantations overnight.”


  2. Now if Blogmaster really wanted to do something regarding that death and enslavement by sugar, he should ask Hilary to write a paper on that for BU…


  3. The blogmaster is not prepared to finger one person for the malaise we find ourselves.
    ~~~~~~~~~~
    Stop playing games David…
    You well know that the same Sir Cave Hilary, who has been the national and regional Czar of education now for nearly two DECADES, HAS to be one of the KEY failures for what has been a COMPLETE misrepresentation of what ‘EDUCATION’ is..

    Shiite man!!
    He is sounding EXACTLY like the old colonialists talking about the ‘pathetic’ state of the ‘underdeveloped’ peoples of the world … as if THEY did not engineer that despicable situation by THEIR policies and actions over the past CENTURIES.
    (Bad Word!!)


  4. As i said….Black businesses will rise from all the CENTURIES of oppression and damage….and are the ones to fill the breach…

    “A Jamaica-based private equity group is preparing to launch a payments platform and a technology-enabled medical service in Barbados in the coming weeks.

    Delta Capital Partners, headed by Barbadian Ivan Carter, made the announcement, saying that it will be bringing a suite of high-impact products and services to Barbados, geared at disrupting digital commerce and health services.”


  5. William…creativity at its best…the whole link can be found on barbadostoday…


  6. I know we had some crocodile tears on here this morning, while they were simultaneously attacking those who expose the criminals who have the island in the trap it’s now in….but these partners at Delta are of Caribbean heritage….we can only wish them luck….at least they are bringing something to the table to benefit everyone and not only just the few…

    William…i could not believe, though it should not have been a surprise…you never know exactly how people really feel until they reveal themselves…


  7. @ NO

    Never ‘said’ the ‘Caves’ were for sale….. and, I’m fully aware, “Running a hotel and running an attraction are not exactly the same.” So too is ‘running a hotel and golf courses.’ Sandy Lane and Royal Westmoreland not only have rooms, but golf courses as well.

    My suggestion was, hoteliers could have pooled their resources and presented a business plan/proposal to ‘government,’ for managing the ‘Caves.’

    Geoffrey Cave was able to move away from selling clothes and diversified the company into providing credit card and digital payment solutions, global financial services, banking, investment and foreign exchange services. And, he could not achieve that objective, WITHOUT acquiring personnel qualified and experienced in financial services.


  8. @Artax
    You are correct.
    In that vein, Supermarket owners, Pharmacy owners, Car dealer owners, even Unions, etc could have banded together, just like hotel owners, to offer a proposal to manage the Caves.
    Possibly even an SOE seeking ‘added value’ may have submitted a proposal.


  9. Starcom Network News understands that the eleven acre former Banks Breweries Complex at Wildey, St. Michael has new owners who have commenced the renovations and conversion to what will be Barbados’ newest mall


  10. Bushie
    David
    Maybe this writer was imprecise. Leaving poetic licence interpretation to readers.
    Our intention was to make a critical link between Beckles rise to the Board of The Mutual, now Sagicor, and his similarly egregious dominance of the other side of the two critical factors mentioned by you, his long and ongoing miseducation of Bajans, Caribbean people.

    For us this devil is “running with the hares and hunting with the hounds” as one contributor likes to say. For to us it is impossible to deliver critical education capable of liberation, development, when one’s loyalties are divided.


  11. If minorities want sugar they should in their numbers work the plantation lands that they own or for each other, and leave out Afrikan descendants…..similiarly, if they want food they should get their lazy asses up and work the land themselves……time for them to WORK instead of pretending they are slave masters and feeding off the Black majority….


  12. The good news is, the people are understanding their predicament better and better..

    ..the frauds and liars can no longer rub shit all over their faces and convince them that it’s cake…there is hope…they KNOW they were mis and under educated deliberately and MALICIOUSLY SO by their those with black faces…..encouraged by their briber masters….they know that NONE OF THEM can be trusted…

    the hardest thing is to know…


  13. African Online Publishing Copyright ⓒ 2022. All Rights ReservedApril 13, 2022 10:45 AM

    Wuhloss…Hilary is now calling them what i called them for YEARS and got cussed for my troubles…lol

    Pacha…since when did you have to prove you wrote a dissertation…have you not contributed significantly to the blog already…

    “Leading academic raises concern that Barbadians are among the sickest people in the worldArticle by
    Anesta HenryPublished o
    April 13, 2022
    Describing Barbadians as a sick people, addicted to sugar, prominent historian Sir Hillary Beckles is calling for sugarcane plantations to be turned into agricultural lands to grow food for the nation.

    ++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Hilary Beckles is a Historian in name only.

    He does not have a clue how a Sugar Cane Plantation works.

    Sugar Cane Plantations can feed the nation as they did in WWII an indeed throughout History but only if Sugar Cane is grown.

    He is supposed to know these things.

    Sugar Cane is a perfect cover crop for keeping down weeds and preserving the labour invested in clearing lands in perpetuity from being overtaken.

    Sugar Cane also allows intercropping.

    There is no law that you have to make Sugar from Sugar Cane!!

    Rum, molasses, building materials, bagasse etc etc etc all come directly from Sugar Cane

    Bagasse is used as a fuel as we all should know and allows Sugar Factories to be practically self sufficient in energy.

    It also is used to make paper which we may not know as we have never used it that way.

    https://www.fao.org/3/s8850e/S8850E03.htm#:~:text=The%20four%20main%20byproducts%20of,and%20molasses%20(Figure%201).


  14. @David, I support your point of Blacks at the helm since 1966. Sadly the Black credit unions do not have the wisdom other than to push loans for a house, car, travel and every other consumer item. We can only blame ourselves for our second class status that’s slowly developing. It’s only a matter of time when all large companies will be foreign owned thanks to the jackasses called lawyers and others we have in parliament coupled with a joke senate.


  15. @ Artax
    “Geoffrey Cave was able to move away from selling clothes and diversified the company into providing credit card and digital payment solutions, global financial services, banking, investment and foreign exchange services. And, he could not achieve that objective, WITHOUT acquiring personnel qualified and experienced in financial services.“

    That financial services group is headed by Cave’s son, who studied in North America and is qualified to lead that agency. I think it’s called Fortress.
    The white Bajans did not educate their children to sell clothes and shoes. There are are already managing family owned hotels and other businesses, again they were sent overseas to get the necessary qualifications.


  16. William….the hypocrisy, faking a emancipation kickoff, while simultaneously trying to PUSH Black people back on to slavery sugar plantations……my Kush Quarterly Editorial issue for July will be UNFORGIVING…demonic hypocrites are to be exposed EVERYWHERE..

    some are on the blog solely to mislead…they do not even understand what took place in the last half century, but are experts none the less….you should know that by now Willaim…

    John…..you must take into account that neither SUGAR nor CANE feeds EMPTY STOMACHS…for once i have to agree with Beckles….food crops are the way to go with poverty and starvation now hovering, it has already started to devastate countries even in UK, people have to choose between paying bills, heating and FOOD…thankfully, heating will not be a problem on the island or the wider Caribbean, but having to choose between bills and food does not help either…

    no food security/growth….poverty and starvation wins..


  17. @ WURA
    We keep going forward for off break while the privileged bowling googley
    We fooled ourselves that the whites and other minorities are dormant but they have been very strategic in managing their money. and Human Resources.
    We are contented to be “ experts” dropping cliches and pretending we are intellectual heavy weights. Running from the truth , scared like a lost child in the dark.
    Whites control the construction industry; tourism industry, shipping industry and other minorities are controlling the restaurant industry; retail industry, making serious inroads into the tourism industry; have a fair share of the car parts industry, rental car industry .
    More to come.

    Peace


  18. @ John
    Hilary Beckles is a Historian in name only.
    ~~~~~~~~~~~~
    Shiite!!!
    If you can bring evidence to support this then we are even further up shit street than Bushie feared.

    Sir Cave’s main attribute is his ability to talk boldly and convincingly about things that he clearly do not understand.
    It is call “bull-shitting”, and is known to baffle brass bowl brains.
    He does this with CLASS.
    This ability makes him to be of great value in a country of BBs. So he promises ‘degrees in every household’; reparations in the BILLIONS for the sheeple. But now he is saying that the sheep are the sickest flock in the WHOLE world.

    Has he FINALLY got something right?
    (Seems like the man reads Bushie yuh…)

    Where TOU have upset the apple cart John, is that Bushie ACTUALLY believed that he knew something about history…
    But now you got the Bushman reviewing this…. cause the same way your ‘history’ have made your Quakers out as superhero slave owners, perhaps Sir Cave too has been baffling our brains with HIS-story.


  19. “We are contented to be “ experts” dropping cliches and pretending we are intellectual heavy weights. Running from the truth , scared like a lost child in the dark.”

    Finally, the BU experts got exposed for that fraud….what was their undoing is exposing themselves as FIGHTING DOWN and trying to BANISH those of us who have all the necessary tools to dismantle the cursed colonial framework and all the structures of Black oppression that they are willing to fight to keep in place to maintain a destructive white/minority anti-black status quo…with themselves as the middle class of asses who believe none of it can touch them, that they are above it all and only poor Black people are the ones impacted….while they turn up their noses at the unfortunate circumstances created for those who look like them, and pretend they are special…….

    they made themselves notorious in that battle and STILL LOST…


  20. ” reparations in the BILLIONS for the sheeple. But now he is saying that the sheep are the sickest flock in the WHOLE world.”

    it’s unbelievable, but have no fear, they weren’t planning tp give the Black sheeple a dime of any reparations anyway, but aware they would all die off from bad health…and chucking their grands and great grands on sugar plantations as slaves with sugar as the main staple in their diets would seal that deal for another 75 years, remember i have been calling that number for years…3 generations as sacrifice for the evil, corrupt and greedy….

    ….i believe, even for Beckles, that is way too much, and definitely crossing a line of inhumanity….


  21. WILLIAM
    RE We keep going forward for off break while the privileged bowling googley
    JUST IN CASE YOU (LIKE GABBY ) DID NOT KNOW, A GOOGLY IS ACTUALLY AN OFF BREAK, AND WHEN BOWLED BY A LEFT HANDER ITS CALLED A CHINAMAN


  22. “to dismantle the cursed colonial framework and all the structures of Black oppression that they are willing to fight to keep in place to maintain a destructive white/minority anti-black status quo…with themselves as the middle class of asses who believe none of it can touch them, that they are above it all and only poor Black people are the ones impacted….while they turn up their noses at the unfortunate circumstances created for those who look like them, and pretend they are special…….”

    all blacks in Barbados are slave descendants from the poor class
    some have moved to
    lower
    middle
    upper
    business
    political
    class

    others have moved to Canada America England
    Satta Massagana (सेटा मेसेगाना)
    Amharic language “He Gave Praise”

    Abyssinians – African Race

    African Race / The Abyssinians
    We are the slave descendants of the African race,
    African race, the African race.
    We are the slave descendants of the African race,
    Where proud is no disgrace.

    Our forefathers were taken away, taken away, taken away.
    They were bound in ships and shackled all the way,
    Like baggage and brought the west.

    They swapped my brother now, also, my sister too
    For a drink of wine, so they could drink and be merry,
    So they could drink and be merry.

    I speak Amharic, my sister speaks Swahili
    They put us together now, that’s why we can’t understand,
    That’s why we can’t understand.

    We are the slave descendants of the African race,
    African race, the African race.
    We are the slave descendants of the African race,
    Where proud is no disgrace,
    We’re proud of our African race (is no disgrace)
    Where proud is no disgrace,
    We’re proud of our African race (is no disgrace)
    X2


  23. GPApril 14, 2022 8:36 AM

    WILLIAM
    RE We keep going forward for off break while the privileged bowling googley
    JUST IN CASE YOU (LIKE GABBY ) DID NOT KNOW, A GOOGLY IS ACTUALLY AN OFF BREAK, AND WHEN BOWLED BY A LEFT HANDER ITS CALLED A CHINAMAN

    +++++++++++++++++++++++++++++

    Also called in Australia a Wrong ‘un, and its designed to defeat a batsman who knows not what he thinks he knows.

    But it is a perfectly legal delivery like the Doosra, designed with the same intent, or the Carrom Ball, likewise.

    All do the unexpected.

    Life is like that, always throwing up something new.


  24. Bushman…it’s the level of WICKED THOUGHT involved, against Afrikan descents by traitors and their handlers that is galling, unnerving and horrifying to people with commonsense…they would push them into slavery conditions but REFUSE to give up even one marijuana plant to help reduce the discomfort, pain and suffering of those who suffer with myriad illnesses…

    that is inhumane and only BEASTS carry those thought processes…


  25. Unlike the googly which is a technique developed with time and practice l, the Google can be employed by anyone at any time.

    I love the Google. In a few seconds I can compete with anyone 😀

    Greetings all.


  26. Bushie

    It is an absolute nonsense to posit that Beckles is not a professional historian of world renown, in his area, as cleearly defined by internationally accepted standards, including by his peers, body of scholarly work, etc.

    Certainly, that he has deployed his stature to betray his people, advance an innate greed for personal career advancement, imposed inordinate strains on national budgets, delivered an institution which can only produce widgets, bend the university to serve neoliberal corporate interests, exploited our Great Ancestors to cover budgetary deficits and more cannot be denied.

    But to feign a tip of the hat to an ignorant Johnny Clot who only knows a few of the 200 by-products of sugar cane is a bit much.


  27. (Quote):
    Where TOU have upset the apple cart John, is that Bushie ACTUALLY believed that he knew something about history…
    But now you got the Bushman reviewing this…. cause the same way your ‘history’ have made your Quakers out as superhero slave owners, perhaps Sir Cave too has been baffling our brains with HIS-story.
    (Unquote).
    ++++++++++++++++++++++

    Good one there!

    Sir Johnny’s ongoing claims about the humanitarian enslavement of West Africans carry the same historical validity as Sir Hilary’s hypocritical hatred of colonial monarchical titles and paraphernalia.

    Sir John certainly made a Freudian slip of the pen in an earlier post when he claimed “the Quakers freed the slaves” in Barbadoes.

    The Quakers never ‘freed’ any slaves in Barbadoes but ‘breed’ them!

    Hence the existence of the same Johnny Knox and his in-bred ilk still trying to pass for “white” in racially apartheid Barbadoes.

    Why would any one try so hard to be a pale-skin Johnny in tropical Barbadoes only to be stricken with carcinoma called the wrath of Ra?


  28. Pacha….as predicted and now prominent on my websites..

    “The weaker peoples must die. At present the Negroes are the weakest people and if we do not get power and strength now we shall be doomed to extermination.”

    -Marcus Garvey


  29. TLSN..that’s why it was long labeled slavery tourism, it started in the days when our ancestors had no say and no rights, don’t know why they would even consider it a good idea to push the demoralizing scam in the schools….but that’s the whole idea, they will never escape entrapment…keep the mis and undereducation alive and well so dependency never ends…

    the virus infection rate is rising because of the diseased tourists and their refusal to wear masks, but that is not what is taking the blame…they will pretend it’s something else entirely..


  30. Big Sound
    Music Like Dirt
    Pass the Kouchie it haffi bun

    It is now time for a Marcus Garvey Soundclash… ..

    [1] The Mighty Diamonds – Them Never Love Poor Marcus

    [2] Sky High & The Mau Mau – Garvey Chant


  31. [3] Black Star Liner, Black Star Liner In Dub, Redemption Rock, Black Star Liner Version, Fred Locks

    [4] BURNING SPEAR – MARCUS GARVEY (THE GHOST)


  32. “The Quakers never ‘freed’ any slaves in Barbadoes but ‘breed’ them!”

    breed them just like the Black Belly sheep, the science was available even back then…


  33. @ African Online Publishing Copyright ⓒ 2022. All Rights Reserved,

    If it should take a genocide to free my fellow black brothers and sisters then my voice would remain mute. I would not intervene and would remain passive neutral.


  34. “White folk don’t understand about the blues. They hear it come out, but they don’t know how it got there,”
    “You don’t sing to feel better,”
    “You sing ’cause that’s a way of understanding life. The blues help you get out of bed in the morning. You get up knowing you ain’t alone.”

    The Original
    Ma Rainey’s Black Bottom

    Way down south in Alabamy
    I got a friend, they call dancin’ Sammy
    Who’s crazy about all the latest dances
    Black bottom stomps and the Jew baby prances

    The other night at a swell affair
    Soon as the boys found out that I was there
    They said, “Come on Ma, let’s go to the cabaret”
    Where that band you ought to hear me say

    I want to see that dance you call the black bottom
    I wanna learn that dance
    Don’t you see the dance you call your big black bottom
    That’ll put you in a trance

    All the boys in the neighborhood
    They say your black bottom is really good
    Come on and show me your black bottom
    I want to learn that dance

    I want to see the dance you call the black bottom
    I want to learn that dance
    Come on and show that dance you call your big black bottom
    It puts you in a trance

    Early last morning ’bout the break of day
    Grandpa told my grandma, I heard him say
    Get up and show your old man your black bottom
    I want to learn that dance


  35. “If it should take a genocide to free my fellow black brothers and sisters then my voice would remain mute. I would not intervene and would remain passive neutral.”

    that’s the last resort to wake up who is left…..we warned about this on BU for years and got a nasty reception….am done, let them reap the whirlwind….they believe because a few minorities smile their fake smiles at them, they got friends…

    some things happened in the last few months and people had to rush to put systems in place for protection…

    ….these think everything is a joke…but that’s their problem……they are comfortable in their class consciousness and rejected Black consciousness….so let’s see if class consciousness can save them when they did not create that either.


  36. The shooter in the NYC subway was said to be a “Black Nationalist” who left an online trail of hate on Social Media
    Black Nationalists say ” Hate Minorities Hate Minorities Hate Minorities Hate Minorities Hate Minorities ” everyday

    What are the Prime Local ASSets for sale

    https://www.youtube.com/watch?v=V6jlbWbKEgQ


  37. TLSN…in the meantime and in between time…lol..the drama is never ending..

    Chinese Oil & Gas Giant to Leave UK, US & Canada over Sanctions Fears (Reuters)

    Beijing’s top oil & gas producer CNOOC is reportedly preparing to halt operations over fears China could be hit by Western sanctions, having been blacklisted under the Trump administration.

    The projects involved produce around 220,000 barrels of oil per day via the $15BN acquisition of Canadian firm Nexen less than a decade ago, with the company apparently looking to Guyana, Uganda and Latin America for alternative prospects.

    Washington said last week China could face measures if it assisted Russia in evading sanctions already levied against


  38. I thought the BU know it alls and experts would want to be all over this one and jump out to give their learned opinions, but i guess not..

    Everyone thinks their grievances, real or imagined, are more important than others and should take precedence. This war could last for years and years to come, and to think they were so friendly and loving during Covid..


  39. 555dubstreetApril 14, 2022 12:51 PM

    The shooter in the NYC subway was said to be a “Black Nationalist” who left an online trail of hate on Social Media

    +++++++++++++++++++++++++++++++++

    I thought all those shooters were supposed to be white supremacists.


  40. Miller…..lawd…the sea is reclaiming the area purchased for the hyatt erection…lol…poor enuff…

    photos are all over social media.


  41. Correction> should read, VIDEOS of the sea reclaiming the area around the long awaited hyatt …


  42. John…the shooter has myriad mental issues, don’t mind the kiki aberration…who always know for Afrikan people…

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