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AfriCaribbean Trade and Investment Forum 2022 – Closer Ties a Must

The ongoing pandemic has given impetus finally to governments in the region assigning additional resources to improving food security. Barbados in the period has been developing a closer relationship with Guyana and we have seen cooperation to increase black belly sheep production to satisfy local and some regional demand for lamb. There are additional initiatives…

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The ongoing pandemic has given impetus finally to governments in the region assigning additional resources to improving food security. Barbados in the period has been developing a closer relationship with Guyana and we have seen cooperation to increase black belly sheep production to satisfy local and some regional demand for lamb. There are additional initiatives we hope to see bear fruit in the coming weeks and months mentioned in a previous blog – Government Initiatives to Address Food Supply – The St. Barnabas Accord. Last week Minister of Agriculture reported there is a plan to slash food import bill by 20% when a food terminal is established in Barbados with the help of Guyana. It is a reminder the founders of CARIFTA envisioned Guyana to be the bread basket of the Caribbean almost 50 years ago.

Yesterday a direct flight – a first from Nigeria – to bring delegates to attend a 3-day investment forum one may argue is the result of the effort of the government to forge close ties with some African countries to create business of opportunities. The AfriCaribbean Trade and Investment Forum will take place in Barbados from September 1-3.  The forum represents an opportunity for the Caribbean and African private sectors  to explore opportunities for trade and address challenges that have historically prevented deeper collaboration.  The forum is being hosted by the African Export-Import Bank. The blogmaster is hopeful there is meaningful collaboration coming out of the engagement.

In a previous BU blog – Barbados based Fintechs on the MOVE the entry of Barbadian Fintech companies was highlighted and from reports have been reaping success on the African continent. It bears no reminder that 95 percent of Barbadian are of African descent, we therefore share a historical bond. 

Related Link:

CEO of Export Promotion Facebook page.

174 responses to “AfriCaribbean Trade and Investment Forum 2022 – Closer Ties a Must”

  1. GP Avatar
    GP

    RE It’s nice to give opinions WHEN YOU KNOW WHAT’S REALLY GOING ON….which i doubt any of you have any idea….

    SO YOU TELL US ABOUT THE HISTORY THAT WE LIVED THROUGH IN OUR SCHOOL DAYS AND IN OUR BCC DAYS AND UWI CAVE HILL DAYS AND IN THE DAYS WHEN WE TAUGHT AT BCC OR MENTORED STUDENTS
    COME TELL US ABOUT WHAT IS REALLY GOING ON WHEN WE KNOW FOLK WHO STILL MARK CXC EXAMS OR HAVE RELATIVES TAKING CXC EXAMS

    TELL US ABOUT THE DAYS OF OUR LIVES

    TELL US ABOUT YOUR SILLY DOUBTS DUMMY OF WHICH YOU YOURSELF HAVE NO IDEA

    COME TELL US HOW TO BE COME MORONS AND STUPID AS YOU ARE DOING
    WE HAVE THE TIME TO LISTEN TO YOU AND MOCK YOU
    WE WILL MAKE THE TIME TO DEMONSTRATE THAT YOU ARE MORE STUPID THAN THE ORIGINAL BALLAAM WHO TALKED TO A REAL ASS JUST AS YOU ARE TALKING TO YOURSELF

    MY PEERS AT BCC AND UWI HAVE DONE WELL AND ALL THE BLACK GIRLS I WENT SCHOOL AND SUNDAY SCHOOL WID GOT MARRIED——AND THEY ALL GOT BLACK MEN TO MARRY TO THEM

    I WILL CONFESS THAT NONE OF US WERE TAUGHT A LOT ABOUT OUR AFRICAN HERITAGE CAUSE WE USED TO LEARN ENGLISH HISTORY, BUT SOME HOW ALL THE GIRLS WERE ABLE TO GET A BLACK MAN TO MARRY DEM, AND THE FELLAS MARRIED TO BLACK GIRLS .

  2. GP Avatar
    GP

    ARTAX
    English, Maths, Principles of Accounts, Principles of Business, Office Procedures, Agricultural Science, ETC SEEM TO BE MORE PRACTICAL AND RELEVANT AS PART OF A BASIC CORE OF SUBJECTS TO WHICH ALL OF OUR YOUTH SHOULD BE EXPOSED……BUT IN MY VIEW THERE OUGHT TO BE GREATER EFFORT TO GET STUDENTS TO UNDERSTAND WHY THERE MUST HAVE THIS EXPOSURE,

    IN ADDITION TO PROVIDING THE EXPOSURE. WHEN I WAS ACTIVELY INVOLVED IN BUILDING MY REAL ESTATE EMPIRE I LAMENTED OFTEN THAT I DID NOT TAKE WOOD WORK SERIOUSLY AT SCHOOL

    PYTHAGORUS THEOREM SEEMED NONSENSE IN SCHOOL, BUT IN LATTER DAYS I COULD USE THAT PRINCIPLE TO SQUARE A FOUNDATION, AND ONCE YOU KNEW THE PITCH OF A ROOF AND THE WIDTH OF A BUILDING ONE COULD ACCURATELY COMPUTE THE LENGTH OF PERMACLAD SHEETS TO ORDER AFTER ADDING A FEW FEET FOR THE EAVE

    LEARNING MUST BE MADE TOBE FUN AND SHOWN TO BE PRACTICAL AND USEFUL

    IN MY 2 WEEKS STINT AT ST LEONARDS TEACHING CHEMISTRY TO BAJAN BOYS I SPOKE OF SALT BREAD AND SWEET BREAD TO GET HOME CERTAIN FOUNDATIONAL PRINCIPALS IN CHEMISTRY

    BEFORE THAT AS A CHOIR LEADER AS A TEEN I ASSURED MY TEEN SINGERS THAT ONCE THEY COULD COUNT TO THREE, THAT SINGING THE CHORUS IN STAINERS CRUCIFIXION GOD SO LOVED THE WORLD WAS A PIECE OF CAKE….SO SAID SO DONE

  3. Artax Avatar
    Artax

    You KNOW ‘EVERYTHING about EVERYTHING that is going on.’

    You’re the ONLY PERSON on BU, who is PRIVY and has ACCESS to all types of information that is unavailable to us ‘lessor mortals.’
    In other words, you ALWAYS have an IDEA of “WHAT’S REALLY GOING ON…”

    I offer you my congratulations. ‘Keep up the good work.’

    Yet, you ALWAYS find it EXTREMELY DIFFICULT to INTERPRET simple correspondence, resulting in presenting MISLEADING information to the forum.

    That fact aroused my curiosity, thereby causing me to read the July – September 2022 edition ofthe ‘Kush Quarterly Magazine.’

    I found the following comments very interesting:

    “No other country has shown the smallest desire, interest, or intestinal fortitude, for whatever reason, to follow-up beyond the over two centuries of political republicanism rigorously fought for from the French and won by Haiti’s General and leader
    Francois-Dominique Toussaint Louverture and his
    lieutenant Jean Jacques Dessalines, beginning in
    1791 and ENDING with INDEPENDENCE for the country
    in 1804.
    While seeking liberation from the tyrants
    of the day, as the WORLD’S FIRST INDEPENDENT STATE,
    that resulted in eventual freedom from shackles
    and chains for captured Afrikans across the isles.”

    I’ll reserve my comments for a later date.

  4. Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol Avatar
    Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol

    Heaven and Earth Vibrations

    Sounds of Kenya

    Alien From Space

  5. GP Avatar
    GP

    ARTAX
    RE I found the following comments very interesting:

    “No other country has shown the smallest desire, interest, or intestinal fortitude, for whatever reason, to follow-up beyond the over two centuries of political republicanism rigorously fought for from the French and won by Haiti’s General and leader Francois-Dominique Toussaint Louverture and his lieutenant Jean Jacques Dessalines, beginning in 1791 and ENDING with INDEPENDENCE for the country in 1804.
    While seeking liberation from the tyrants of the day, as the WORLD’S FIRST INDEPENDENT STATE, that resulted in eventual freedom from shackles and chains for captured Afrikans across the isles.”

    I’ll reserve my comments for a later date.

    ARTAX ARE YOU SUGGESTING THAT HAITI HAS NOT REALLY WITNESSED ” eventual freedom from shackles and chains for captured Afrikans across the isles.””

    COULD YOU BY ANY CHANCE BE SUGGESTING THAT THE CONDITIONS IN HAITI BY THIS WANT TO BE AUTHOR IS SORTA NOT LIKE TRUE FROM THE OBVIOUS EVIDENCE

    ARE YOU SUGGESTING THAT THIS INFO IS NOT SOMETHING THAT EVEN A CONTEMPORARY SCHOOL CHILD WOULD NOT WANT TO TIEF?

  6. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    ya still have no clue what is going on and until ya do, posting rubbish..

  7. TLSN Avatar
    TLSN

    Kwasi has become the Chancellor of the Exchequer/Minister of Finance under Liz Truss’s new government.

    https://www.theguardian.com/politics/2022/sep/06/kwasi-kwarteng-free-marketeer-and-truss-ideological-soulmate-becomes-chancellor

  8. TheOGazerts Avatar
    TheOGazerts

    @GP
    “FOR ONE THING THERE ARE MORE SUBJECT OFFERINGS AND STUDENTS DO NOT SEEM AS RESTRICTED TO 9 OR 10 AS WE HAD IN 68 WHEN I DID MY O LEVELS.”

    I was on a site today and was reading if someone passing 22 exams. I don’t get the point. I hope it was not CXC. If it was my son, we would have sat down together and identify some key subjects, then I would have sent him out to play with his friends.

  9. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    Theo….22 passes and in that region is usually Trinidad, Jamaica or one of the other islands…….

  10. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    TLSN……..looks like Truss will be heavily dependent on Kwarteng…

  11. Artax Avatar
    Artax

    GP September 6, 2022 3:35 PM

    If, according to historical reports, the USA became independent in 1776…… and Haiti in 1804, then, Haiti CANNOT be “the world’s FIRST independent state.”

    Dr. GP I’m sure you’re aware that writers, journalists, poets, etc, write according to a specific format and in their own particular style, which is evident, with a few adjustments, according to whether they are writing for formal or informal forums.
    Despite being a pompous, condescending hypocritical bugger, the ‘UK journalist’ exhibited those skills, especially when he made serious contributions.
    Read his “Notes,” for example, and you’ll realise how he referenced sources.
    You’ll also realised he found interesting methods to indicate to BU, he was knowledgeable about a particular topic…… and, more often than not, he was willing to share information and its sources.

    I invite you to read the ‘magazine’ and compare the information therein, with the contributions of the individual purporting to be the author…… and ‘tell’ me if you don’t realise a difference.

  12. Artax Avatar
    Artax

    Guyana usually tops the regional CAPE and CSEC awards.

  13. TLSN Avatar
    TLSN

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

    The Tory party have always believed that the private sector should be left in peace to generate as much profit as it can without the intervention of the long hand of government. The perfect private sector is one that has license to thrash the environment and to reduce the rights of Labour.

    In the sixties, the Tory government deliberately butchered Britain’s railway industry in order to promote the motorway network which was been slowly introduced to the UK. It was argued by many that Tory MP’s and their business pals lent on the government to deliberately run down the rail service in order to promote the business interests of the few. The infamous Dr Beeching ( https://www.bbc.co.uk/news/uk-21938349 ) produced a report which encouraged the dismantlement of large chunks of the railway industry. This was a disaster for local communities who at a stroke no longer had the capacity to be mobile.

    We could discuss the Queen of the free market – Madame Thatcher – who sold off the UK’s social housing stock. Our water industry was sold off to foreign “investors” who have never invested in the country’s waterworks infrastructure; they have been allowed to openly dump raw sewage into our rivers and the sea. This has had a tremendous effect on the profits they have made over the years. I can go on and on.

    Kwarteng is cut from the same cloth as your average Tory in his mindset. She cannot lean on him for the simple reason that the free market has reached its capacity in many of those countries who have adopted the Anglo-Saxon economic model. All we can see now is its limitations. The European social-economic model is far superior to what we have in the UK.

    This government should be kicked out at the next general election. I say “should” for the simple reason that so many Brits have become a dumb breed of people. Most only care about themselves or their families. Margaret Thatcher sold them a dream and they lapped it up!

  14. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    “She cannot lean on him for the simple reason that the free market has reached its capacity in many of those countries who have adopted the Anglo-Saxon economic model. All we can see now is its limitations. The European social-economic model is far superior to what we have in the UK.”

    ah…i see..i know the Scandinavian countries for sure have an impressive socio-economic framework……even their education system appears much more superior. to anything else in the west……and they do NOT suffer political fools period….

    it is very clear that it is politicians who endanger the people and the earth….with their game playing….no one should rely on them for anything….

  15. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    TLSN……….they say confession is good for the soul..,,,been seeing a lot of it recently…..people coming out of the shadows and revealing themselves, all of it i see as a good thing…..since i was a child it was clear that this dude was a lie…..another one….

    “William Shakespeare
    The famous English playwright has to be real, right? Well, maybe. Or was he? Some scholars believe “William Shakespeare” was in fact a pen name, and the person who wrote all those texts was never known to the public”

  16. David Avatar
    David

    https://www.instagram.com/p/CiLe-KZK-j_/

  17. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    the EVIL CURSE of RACISM and DISCRIMINATION.

    “Hundreds of Barbadians living in Canada are part of a class-action lawsuit against that country’s government, claiming CAN$2.5 billion (BDS$3.8 million) in damages for decades of injustices toward Black public servants.

    In a virtual interview with Barbados TODAY on Tuesday, Executive Director of Black Class Action Secretariat (BCAS) in Canada, Nicholas Marcus Thompson urged Barbados to help pressure the Canadian government into addressing a “damning” situation in which thousands of Black public servants, including Bajans, were being subjected to systemic discrimination in their workplaces,”

  18. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    FIRST STEP…..Afrika is also well experienced in such systems just as they are in keeping airlines in the air for decades.., no need for minoirity crook involvement.

    “The lack of a payment settlement system between Africa and Barbados and other Caribbean Community (CARICOM) states could slow the integration officials are seeking to achieve between the two regions.

    This caution has come from Chief Executive Officer of the Pan-African Payment and Settlement System (PAPSS) Mike Ogbalu, who said he believed such a system was necessary to make the proposed deepening of investment and trade relations a reality.”

  19. African Online Publishing Copyright ⓒ 2022. All Rights Reserved Avatar
    African Online Publishing Copyright ⓒ 2022. All Rights Reserved

    William…..ah waiting for the NEXT EXCUSE………to prolong and drag out the inevitable….

    the old Caricom integration spiel which we know is hot air designed to go nowhere after 64 YEARS is not working given certain things that are DESTINED TO HAPPEN…..and if dey cahn see it, dah is dem bidness…

    so let’s see which LIE they will try next, it’s clear they have RUN OUT OF ROAD….but am sure they are still trying to find a little hole to ease through…while every one of them will be heavily BARRICADED….

  20. 🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol Avatar
    🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol

    I have found the black spirit to unite :
    Africa
    Africaribbean Afriamericas (North+South+Middle) Afrieuropeans Afriasians and
    All Humanity
    The black spirit to unite one and all is found in music
    This is the way to one love ♡ ♥💕❤😘 one world 🌍

  21. 🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol [one love ♡ ♥💕❤😘 one world 🌍] Avatar
    🌍 Magnificent a.k.a Magno – Yu Heard Formula: C₂₁H₃₀O₂ IUPAC ID: (−)-(6aR,10aR)-6,6,9-trimethyl- 3-pentyl-6a,7,8,10a-tetrahydro- 6H-benzo[c]chromen-1-ol [one love ♡ ♥💕❤😘 one world 🌍]

    kusimama (stand up)
    one love ♡ ♥💕❤😘 one world 🌍
    black music is the new news messaging system

    when everyone is on your back
    and every word is an attack

    you know inside you are in peace
    because your mind can not besiege

    if the challenge is too high
    just like up and you will rise

    Because
    you know inside you are in peace
    and your mind can not besiege

  22. David Avatar
    David

     

    ACTIF 2022 opens new trade and investment path between the Caribbean and Africa

    CARIBPR WIRE, LONDON, Sept. 16, 2022: CS Global Partners, one of the world’s leading government advisory agencies, is the official representative of the governments of the Commonwealth of Dominica, Saint Lucia and St Kitts and Nevis all of whom took part in the first-ever Afri-Caribbean Trade and Investment Forum (ACTIF2022), which took place in Bridgetown, Barbados, from 1 to 3 September 2022. The forum opened a new chapter for the relations between the Caribbean and Africa. Held under the theme, ‘One People, One Destiny, Uniting and Reimagining Our Future’, the forum set in motion various initiatives to further deepen and build new trade and investment relationships between Africa and the Caribbean.

    The three-day forum was convened by African Export-Import Bank (Afreximbank), the Government of Barbados in collaboration with the African Union Commission (AUC), African Continental Free Trade Area (AfCFTA) Secretariat, Africa Business Council, the Caribbean Community Secretariat, and the Caribbean Export Development Agency.

    The Prime Minister of Barbados – Mia Amor Mottley, expressed pleasure at being selected as the host country for ACTIF 2022. She asserted that Africa and the Caribbean share common roots and need to work and act together in various sectors. Participants committed to building a commercial bridge between the two regions for their prosperous future.

    ACTIF 2022 was the first forum of its kind between the two regions and aimed to provide an opportunity for the Caribbean and African business communities, as well as governments, to establish new commercial and strategic relationships with the goal of expanding trade and investment between both the regions. The high-level support between the two regions is intended to boost bilateral cooperation and engagement in trade, investment, technology transfer, innovation, tourism, culture and other sectors. The forum also opened doors to effective business matchmaking between the two regions.

    The three-day conference featured various panel discussions on several topics, which were based on business-to-business engagements. The delegates discussed topics such as: developing special economic zones (SEZs) and industrial parks; boosting industrialisation and manufacturing; improving infrastructure, financing and trade logistics, including regional integration, promoting trade and tourism, creating the environment to accelerate private sector investment, improving agricultural productivity and increasing agribusiness opportunities and food security.

    Along with this, the forum also witnessed the signing ceremony of two partnership agreements, 10 MoUs and three finance facilities. The star document of the forum, which signified the success of the summit, was the partnership agreement between seven members of the Caribbean Community and Afreximbank to promote and finance South-South trade and investment between Africa and the Caribbean. Its ultimate goal is to promote and provide insurance and guarantee services covering commercial and non-commercial risks associated with African and Caribbean exports.

    Caribbean countries such as Barbados, the Republic of Suriname, the Federation of St Kitts and Nevis, the Commonwealth of Dominica, Saint Lucia, Antigua and Barbuda and St Vincent and the Grenadines signed the agreement with African Export-Import Bank.

    The agreement will help to boost knowledge sharing between Africa and the Caribbean region with technical cooperation, research and several joint events. It also has the potential to accelerate the membership of CARICOM nations in Afreximbank as it will enable the bank to operate in the region and deliver on the new vision.

    Over and above this, in order to mobilise trade and investment between the two regions, Afreximbank also signed a US$250 million Trade and Investment Agreement with the Central Bank of Barbados.

    Further, Afreximbank outlined their aim to establish the export-import as they signed a MoU with the Caribbean Association of Banks. The signing ceremony took place in the presence of hundreds of delegates comprising African and Caribbean business leaders and government officials discussing how to improve trade and investment between the two regions. It was signed by the Chief Executive Officer, CAB, Wendy Delmar, and the Executive Vice President of Afreximbank, Denys Denya.
    To sustain these efforts, Africa-Caribbean Business Council, CARICOM Private Sector Organisation and Afreximbank also signed another MoU. The rest of the memos included Ghana Export Promotion Authority and Barbados Investment and Development Corporation signed by BIDC’s Hill and GEPA’s Dr Afua Asare, and BIDC, GUTA’s Dr Joseph Obeng and BCCI’s Anthony Branker, Ghana Union of Trade Association and Barbados Chamber of Commerce and Industry signed by Hill.
    Various senior government representatives, business leaders, representatives of business associations, prospective investors and buyers, project promoters, development agencies, multilateral finance institutions, think tanks and research institutions from Africa and the Caribbean were in attendance at ACTIF 2022 with more than 1,500 delegates representing 93 countries (comprising 48 African countries, 12 Caribbean countries, and 33 other countries).
    
    The specific objectives of ACTIF2022 were:
    Promotion of inter-bank relationships, which includes financial flow and fostering payment.
    Development of cultural and creative engagements between two regions that can be commercially viable.
    Creation of a business case for a potential AfriCaribbean Free Trade Area.
    Creating a suitable platform which helps to disseminate trade and investment information and other products and initiatives of the bank, which will support trade between Africa and Africans in the diaspora.
    Help in the reduction of the counterpart risk perception among African and Caribbean businesses in dealing among themselves.
    Promotion of trade and investment between Africa and the Caribbean as the forum served as the platform for market identification, building business partnerships, exchange of trade and market information, and co-investments.
    The forum also facilitates Afri-Caribbean investments by fostering and bolstering cross-regional business and investment linkages.

  23. rickross Avatar
    rickross

    https://youtu.be/OObD3Ha-W68

    Black people in wonder land.

  24. rickross Avatar
    rickross

    https://youtu.be/AVh_MIahe6M

    https://youtu.be/GIXnC6FLtYg

    The evidence is clear that Mandela was a traitor/ wolf 🐺 in sheep clothing pretending to represent the interest of black people. Khalid Muhammad predicted this.

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