Tag Archives: deal

Broadcaster deal required notification, South African enforcer says – GCR


South Africa’s specialist antitrust tribunal should reprimand the country’s public broadcaster and pay-TV provider MultiChoice for failing to notify an agreement that restricted the encryption of free to air channels, the country’s competition enforcer has said.

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Deal Between Green Climate Fund and CDB Will Lead to More Climate Finance Projects in Caribbean


Monica La Bennett, Vice-President (Operations), CDB (left) and Javier Manzanares, Executive Director ad interim (right), GCF sign the Accreditation Master Agreement.


ST GEORGE’S, Grenada, Monday November 12, 2018
– The Green Climate Fund (GCF) and the Caribbean Development Bank (CDB) have signed a legal agreement to open doors for more climate finance projects in the Caribbean.

The signing of the Accreditation Master Agreement (AMA) took place last Friday on the margins of the Green Climate Fund’s Caribbean Structured Dialogue meeting in Grenada, which brought together regional stakeholders to plan climate action across the region.

Javier Manzanares, Executive Director ad interim at GCF, welcomed the agreement and stressed its importance for increasing financial flows to…

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Usain Bolt offered deal by Australian A-League soccer club, says agent


Olympic sprint champion Usain Bolt managed to upstage the first weekend of Australia’s A-League season without kicking a ball after his agent said he had been offered a professional contract by the Central Coast Mariners.

The 32-year-old Jamaican has been on trial with the Gosford-based club since August as he attempts to make an audacious switch to a second professional sport after one of the most decorated careers in track and field.

The Mariners on Monday were sticking to their line from last week that his “indefinite” trial continues as do negotiations between the club and Bolt.

Club manager Mike Mulvey said after the club’s season-opening 1-1 draw with Brisbane Roar on Sunday that he knew nothing about any contract, even if he admitted such matters would…

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African Development Bank launches landmark US$500 million credit insurance deal with African Trade Insurance Agency…


The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) announce the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa.

This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on the continent in the future.

While ATI will be the direct insurer facing the African Development Bank, the transaction involves the participation of a number of Lloyd’s & Company private reinsurers who will share the risk on African financial institutions. This vehicle will enable many insurance companies operating outside Africa to participate in the financing of development in Africa for the first time.

The deal is the…

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FBI agents investigate $4.7 million deal in Puerto Rico yet ignore multibillion-dollar frauds


San Juan Mayor Carmen Yulin Cruz

By Caribbean News Now contributor

SAN JUAN, Puerto Rico — Some 25 FBI agents this week raided municipal offices in San Juan, Puerto Rico, searching through documents and seizing digital records following an anonymous tip called into the comptroller’s office over how the mayor’s office awards government contracts – specifically, a $4.7 million deal with a construction company.

Since the FBI has for years ignored compelling evidence of a massive $11 billion financial fraud and a $1 billion fuel oil fraud scheme, both involving Puerto Rico Electric Power Authority (PREPA), and San Juan Mayor Carmen Yulin Cruz is constantly butting heads with President Donald Trump on social media, the appearance of politically motivated reprisal is…

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Five controversial African countries just joined the Human Rights Council, and it’s a big deal


The United Nations Human Rights Council  held its elections late Friday to include  new set of representatives to serve three-year terms.

Eighteen countries in the world were selected and among them are five African countries, whose selection has caused criticism from many quarters.  Other countries have been maintained and many others have left because they served the two terms.

The UN Human Rights Council is a forum where human rights issues are discussed. It was therefore a surprise that Burkina Faso, Cameroon, Eritrea, Somalia and Togo were voted in as the new African representatives.

All these countries have been accused of human rights violations, and many people have wondered why they got into the council in the first place.

Eritrea’s record has come under…

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