Tag Archives: economy

African farmers group believes land reform will build ‘inclusive economy’


Rustenburg – The African Farmers Association of South Africa (Afasa) on Friday welcomed the Joint Constitutional Review Committee’s adoption of a report Thursday to change the Constitution to allow for land expropriation without compensation in the public interest.

Afasa chairperson Neo Masithela said that the committee’s decision reflected the view of the majority of South Africans that there was a need for urgent and accelerated land reform to redress the injustices of the past.

“The organisation believes this process would assist to expedite the land reform process, build a more inclusive and prosperous economy, as well as improve both agricultural production and food security for all South Africans,” Masithela said.

“Farmers were able to express themselves and their realities even within…

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New initiatives coming to boost Barbados economy


Minister of International Business and Industry, Ronald Toppin, addressing the third annual Innovate Barbados Conference on Wednesday. (C. Pitt/BGIS)

By Shamkoe Pilé

BRIDGETOWN, Barbados (BGIS) — The Barbados Investment and Development Corporation (BIDC) is about to launch two new initiatives designed to reduce the island’s imports in key areas, increase exports and create high value jobs.

This is according to minister of international business and industry, Ronald Toppin, who gave the opening remarks at the third annual Innovate Barbados Conference on Wednesday.

Toppin disclosed that the first initiative will be a New Product Development Programme, which will facilitate the creation of new products or enhance existing products that have the potential to earn or save…

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Inaugural event explores blue economy strategy to drive energy transformation in the Caribbean


Monica La Bennett, Vice-President (Operations) at the Caribbean Development Bank, delivering the keynote address at the Blue Economy Caribbean event, held in Miami on November 6

MIAMI, USA — The Caribbean could transform its energy sector and diversify economic activity by exploring marine renewable energy development, says Monica La Bennett, vice-president (operations) at the Caribbean Development Bank (CDB). She was speaking to over 80 stakeholders and leaders at the Blue Economy Caribbean event held in Miami on November 6 and sponsored by CDB, in partnership with the government of Canada.

“The region has not succeeded in leveraging its coastal resources. These remain largely under-explored, due in part, to the high capital investment costs. To fully exploit marine…

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Commentary: The new economy in St Lucia requires constant vigilance


Melanius Alphonse is a management and development consultant, a long-standing senior correspondent and a contributing columnist to Caribbean News Now. His areas of focus include political, economic and global security developments, and on the latest news and opinion. His philanthropic interests include advocating for community development, social justice, economic freedom and equality. He contributes to special programming on Radio Free Iyanola, RFI 102.1FM and News Now Global analysis. He can be reached at melanius@newsnowglobal.com

By Melanius Alphonse

Stripping away the smoke screens of ideology and public relations, political leader, Philip J Pierre, in addressing the annual conference of the Saint Lucia Labour party (SLP), stated: “I am no showman, nor am I an actor,…

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Uber, Airbnb lead Africas informal gig economy — Quartz Africa


One of my favorite anecdotes from a few years back is of the Nairobi Uber driver who asked this New Yorker, “Do they have Uber in the US?” Since then, I’ve encountered many drivers from Lagos to Cape Town and noted how quickly ride-sharing has spread in some of the big African cities, although not without its challenges.

It’s also been interesting to see the rapid rise of Airbnb as a much-needed alternative in some of Africa’s largest cities which have a shortage of affordable international standard hotels. Again, what seemed unlikely just a few years earlier has made a notable impact.

Uber and Airbnb are a big part of the discussion about the “gig economy,” but they’re actually a small part of the various types of short-term, freelance work many people now do around the world,…

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Commentary: The cannabis economy has converted mainstream opponents with substantial rewards


Melanius Alphonse is a management and development consultant, a long-standing senior correspondent and a contributing columnist to Caribbean News Now. His areas of focus include political, economic and global security developments, and on the latest news and opinion. His philanthropic interests include advocating for community development, social justice, economic freedom and equality. He contributes to special programming on Radio Free Iyanola, RFI 102.1FM and News Now Global analysis. He can be reached at melanius@newsnowglobal.com

By Melanius Alphonse

From the mid 70s, the strategic cooperation on ‘the war on drugs’ between western civilization, Latin America and the Caribbean cast a long shadow over the politics, money, social acceptance and change dynamics of…

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