Tag Archives: decision

Scotiabank’s decision to sell Caribbean banking assets precipitous, presumptuous and reckless, says Antigua-Barbuda…

Prime Minister of Antigua and Barbuda, Gaston Browne

By Caribbean News Now contributor

ST JOHN’S, Antigua — In a letter on Tuesday to David Parks, managing director, Caribbean East, of the Bank of Nova Scotia in Barbados, Antigua and Barbuda Prime Minister Gaston Browne described Scotiabank’s agreement to sell its local banking operations to Trinidad-based Republic Financial Holdings Limited (RFHL) without consultation with his government as “precipitous, presumptuous and reckless of the interests of BNS’s shareholders to whom you owe a fiduciary responsibility.”

Browne also asserted that an earlier letter from Parks contained “inaccuracies of fact”.

RFHL announced in November that it has agreed to acquire Scotiabank’s operations in the Eastern Caribbean,…

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Tobago Chamber regrets decision by Sandals to pull out of hotel project

The Tobago Business Chamber (TBC) Tuesday said it hopes there can still be “some way of salvaging” the deal that would allow Sandals Resort International (SRI) to reverse its decision to withdraw its participation in the establishment of a multi-million dollar resort on the island.

“The Tobago Business Chamber is convinced that with the Billions of Dollars of investment, in construction, job creation, training, and service delivery attendant upon such projects, it is possible for the population of Tobago as a whole to benefit and develop and derive spin-offs from such developments.

“The possible loss of the associated projects such as the Airport expansion, the Marina, golf course and other infrastructural developmental works, will also spell tremendous and…

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African Cup Host Decision by Jan 9, Egypt Competes with SA

African Cup Host Decision by Jan 9, Egypt Competes with SA

An Egyptian supporter waves a national flag during the World Cup qualifying playoff second leg soccer match, at the Air Defense Stadium in Cairo, Egypt, Tuesday, Nov. 19, 2013 (Photo: AP)

The 2019 Africa Cup of Nations host is set to be chosen on January 9 with  South Africa  and Egypt as frontline contenders for the position.

Cameroon was stripped of its position as host by the Confederation of African Football (CAF) due to delay in preparations and security concerns, leaving the spot vacant for the staging event in June 15 to July 13.

Accordingly, Egypt officially stepped in for the spot on December 13 and launched its promotional video to boost its bid on Monday.

The video…

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UN council regrets Somalia’s decision to expel envoy

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The UN Security Council on Saturday expressed regret after Somalia expelled a UN envoy but added that it expected “full cooperation” between Somalia and the United Nations.

The council released the unanimous statement after UN Secretary General Antonio Guterres on Friday agreed to appoint a new UN envoy to replace Nicholas Haysom, who was declared persona non grata by the Mogadishu government on January 1.

Haysom, a South African lawyer and experienced diplomat, was ordered to leave after he questioned the government’s arrest of an Al-Shabaab defector who ran for election.

The British-drafted statement expressed “regret” for the decision and expressed full support for the UN mission to Somalia.

Council members reiterated “their expectation of full cooperation between…

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Confederation of African Football: “No decision on 2021 Nations Cup hosts”

The Confederation of African Football executive committee is yet to make a final decision on who will host the 2021 Nations Cup

The Confederation of African Football (Caf) has confirmed that no decision has been taken to force Ivory Coast to host the 2023 Nations Cup rather than 2021.

Caf president Ahmad said on television recently that Cameroon has been offered the 2021 finals instead of Ivory Coast.

Cameroon were stripped of the 2019 finals due to poor preparation and security.

“We confirm no decision was taken by the executive committee,” Caf wrote.

“We are waiting first for the host for 2019 and then we will see.”

On Saturday Caf confirmed that Egypt and South Africa have both made bids to host the 2019 tournament, with a decision set to be made on 9 January.

Meanwhile the…

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