Business
175 articles
UK-Caribbean Clean Energy Partnership Could Transform Antigua and Barbuda's Energy Future
The United Kingdom is deepening its partnership with Caribbean nations to accelerate a shift away from fossil fuels, with Antigua and Barbuda among the potential beneficiaries. As reported by Antigua News Room, a UK climate adviser says the region has the natural resources to run entirely on renewables, but structural barriers and slow progress threaten to derail CARICOM's 2027 targets.
Antigua Poised to Gain from UK-Caribbean Clean Energy Drive as Power Costs Bite
Antigua and Barbuda stands to benefit from a UK-backed regional push toward clean energy, as the Caribbean grapples with heavy fossil fuel dependence and some of the world's highest electricity costs. As reported by Antigua.news, the region has significant untapped renewable potential but faces financing, infrastructure, and capacity challenges that have slowed progress toward a 2027 CARICOM target.
Air Peace to Resume Monthly Lagos-Caribbean Flights to Antigua and Barbados in May
Nigerian airline Air Peace is set to resume once-monthly flights between Lagos and Antigua and Barbados beginning May 24, operating a Boeing 777. The service has drawn criticism from aviation analysts who question its viability given the infrequent schedule.
Barge Shipment Delays Set Back Crabbe's Peninsula Dredging Project
The dredging project at Crabbe's Peninsula has been delayed after transit difficulties held up the delivery of a key barge, though work continues with existing equipment, officials say.
WIOC Posts EC$230M in Profits Since Government Takeover, Officials Say
The West Indies Oil Company has generated more than EC$230 million in profits since the government acquired the firm in 2015, officials announced Thursday. The state-owned enterprise has also invested approximately EC$270 million in infrastructure and is actively exploring expansion into Guyana and Suriname.
Antigua and Barbuda Social Security Board Celebrates 53 Years of Service
The Antigua and Barbuda Social Security Board is commemorating 53 years of service, reaffirming its commitment to social protection and its role as a cornerstone of national development. The Board expressed gratitude to contributors and beneficiaries while pledging to adapt to future economic and social challenges.
Barbuda Emerges as Caribbean's Hottest Residential Address Backed by De Niro
Barbuda is emerging as one of the Caribbean's most exclusive new resort and residential destinations, with Robert De Niro among the investors behind a sprawling beachfront development anchored by Nobu Barbuda. As reported by Antigua News Room, the low-density, sustainable project spans nearly 400 acres along more than two miles of pristine coastline.
WIOC Marks 11 Years of Public Ownership with EC$230M in Profits
Antigua and Barbuda's Cabinet has marked eleven years of public ownership of the West Indies Oil Company, which has generated more than EC$230 million in profits and invested approximately EC$270 million in infrastructure since the 2015 transfer. WIOC, now publicly listed on the Eastern Caribbean Securities Exchange, is expanding regionally and positioning itself to enter the renewable energy sector.
Antigua and Barbuda Signs Air Connectivity Deal With Saint-Martin
Antigua and Barbuda has signed a Letter of Intent with the Collectivité of Saint-Martin to improve air transport links across the Eastern Caribbean. The non-binding agreement establishes a framework for cooperation between airports, tourism authorities, and regional carriers.
UWI Five Islands Campus, Agricultural Health Council Formalise Landmark Partnership
The Coordinating Council on Agricultural Health and Food Safety for Antigua and Barbuda has signed a Memorandum of Understanding with the UWI Five Islands Campus, formalising a partnership to advance the nation's agricultural health, food safety policy, and student engagement in food systems.
Antigua and Barbuda Exceeds Global Average Cost for Healthy Diet, CARICOM Data Reveals
New FAO data shows the average daily cost of a healthy diet across 13 CARICOM nations reached PPP $5.81 per person in 2024 — 30% above the global average — with Antigua and Barbuda among the countries exceeding the global benchmark. Both agricultural producers and food importers appear at opposite ends of the regional cost range, pointing to complex structural factors beyond domestic food production.
Ambassador Sanders: Caribbean Trade Diversification Is Necessity, Not Choice
Antigua and Barbuda's Ambassador to the United States, Sir Ronald Sanders, argues that Caribbean nations are not choosing to reduce trade dependence on the U.S. — they are being forced to by tariffs, rising import costs, and increasing barriers to doing business. Writing in a published commentary, he warns that without policy changes, the U.S. risks losing a loyal regional market.
Jumby Bay Removes Seaweed from Mangrove Areas After Parham Residents Raise Alarm
Jumby Bay resort has confirmed that its contractor removed seaweed deposited near mangrove areas in Parham following public complaints, as reported by Antigua.news. The company maintains the original removal activity was authorized, but says immediate steps were taken to address environmental concerns.
WIOC Ownership Transfer Marks 11 Years of Economic Gains for Antigua and Barbuda
Antigua and Barbuda's Cabinet has marked eleven years since the transfer of the West Indies Oil Company to local ownership, citing more than EC$230 million in profits and EC$270 million in infrastructure investment since the 2015 agreement. Officials hail the move as one of the country's most significant modern economic policies.
Antigua and Barbuda Signs Air Connectivity Pact with Saint-Martin
Antigua and Barbuda has signed a Letter of Intent with the Collectivité of Saint-Martin to improve air connectivity across the Eastern Caribbean. Prime Minister Gaston Browne described the non-binding agreement as a significant step toward stronger bilateral relations and regional cooperation.
APUA Reports Rise in Network Leaks as Daily Water Output Tops 9 Million Gallons
APUA has reported a rise in network leaks due to strain on aging pipelines, while confirming that daily water production remains stable at over 9 million imperial gallons. The authority says several infrastructure upgrades, including a new reverse osmosis plant at Crabbs, are currently in progress.
Caribbean Travel Marketplace 2026 Returns to Antigua and Barbuda in May
Caribbean Travel Marketplace 2026 is set to return to Antigua and Barbuda from May 12–15, with appointments now open and buyer registrations already outpacing last year. The 44th edition of the Caribbean's premier B2B tourism event will connect international buyers with regional suppliers over two days of pre-scheduled meetings.
ECCB to Oversee Bank Fees Under New 2026–2031 Strategic Plan
The Eastern Caribbean Central Bank has announced plans to expand oversight of bank fees and charges as part of its 2026–2031 strategic plan, including the creation of a new Office of Financial Conduct to promote fairness and consumer protection across the region's banking sector.
ECCB to Introduce Deposit Insurance Across ECCU Under New 2026-2031 Strategic Plan
The Eastern Caribbean Central Bank has announced it will introduce deposit insurance across the ECCU as part of its 2026-2031 Strategic Plan, with Governor Timothy Antoine citing stronger depositor protection as a core priority. The plan is organised around six themes and also includes the establishment of a new Office of Financial Conduct to oversee bank accountability and customer treatment.
ECCB Governor Warns Falling Populations Pose Serious Risk to Regional Economies
ECCB Governor Dr. Timothy Antoine has warned that six of eight Eastern Caribbean Currency Union member states face stagnant or declining populations, cautioning that the trend poses a serious long-term threat to regional economic growth. He called for diaspora engagement and carefully managed skilled immigration as part of the bank's broader development strategy.