Tag Archives: operations

United Nations peacekeeping operations and Central African region



United Nations peacekeeping operations and Central African region – Security Council, 8420th and 8421st meeting. 13 Dec 2018 – Central African …
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Jamaica to host Caribbean Hotel Investment Conference and Operations Summit (CHICOS) in November 2019


Jamaica has been selected to host the next Caribbean Hotel Investment Conference and Operations Summit (CHICOS) on November 14-15, 2019. Co-sponsors Apple Leisure Group (ALG) and AMResorts will provide the conference venue, Secrets Wild Orchid Montego Bay and Secrets St. James Montego Bay. The event is expected to attract 300 attendees interested in hospitality development in the Caribbean.

CHICOS is the premier industry conference for the region. The event brings together governmental representatives, opinion leaders, developers, bankers and other lenders, tourism officials, investment funds, hotel brand executives, individuals/companies seeking investors for their tourism projects, and public and private institutions to discuss hospitality development possibilities.

We are pleased to bring…

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US resists African bid for UN funding of new peace operations


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United Nations (United States) (AFP)

An ambitious push by African countries to secure UN financing for future peace operations is facing strong resistance from the United States, which has put forward conditions for the funding, according to documents seen by AFP on Wednesday.

Ethiopia, Equatorial Guinea and Ivory Coast — the three African members of the Security Council — have presented a draft resolution that would allow UN financing for African peace missions on a case-by-case basis.

France and China strongly back the initiative that would provide the African Union with a major influx of funds and strengthen its response to conflicts on the continent.

But the United…

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ECCB calls for calm, as it reviews application for sale of Scotiabank’s operations


The Eastern Caribbean Central Bank (ECCB) is encouraging citizens of and residents in the Eastern Caribbean Currency Union (ECCU) to remain calm, in light of the news of an agreement that will see Trinidad-based Republic Financial Holdings Limited acquire the Bank of Nova Scotia’s operations in nine Caribbean territories.

The territories are St. Maarten, Anguilla, Antigua and Barbuda, Dominica, Grenada, Guyana, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines.

In a statement issued on December 01, 2018, the central bank said it received an application from Republic Financial Holdings on Tuesday, November 27, “seeking regulatory approval to acquire the Bank of Nova Scotia’s operations and businesses in the Eastern Caribbean Currency Union (ECCU),”…

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Trinidad’s Republic Financial Holdings acquires Scotiabank Caribbean operations for US$123m – Stabroek News


(Republic Financial Holdings) Port-of-Spain, Trinidad:  November 27, 2018 – Today, Republic Financial Holdings Limited (RFHL) announced that it has entered into an agreement to acquire Scotiabank’s banking operations in Guyana, St. Maarten and the Eastern Caribbean territories, including Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.

The purchase price is US$123 million, which represents US$25 million consideration for total shareholding of Scotiabank Anguilla Limited; and a premium of US$98 million over net asset value for operations in the remaining eight (8) countries. This price does not include any amounts required to capitalise the branches post-closing. The agreement, executed on November 27, 2018 signalled the…

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Scotiabank to sell insurance operations in Caribbean shake-up


The Bank of Nova Scotia (Scotiabank) has announced plans to exit nine countries and sell multiple insurance operations amid a major business shake-up.

According to Thomson Reuters, the Canadian banking giant said it will refocus its business in the Caribbean region by selling its insurance operations in Jamaica and Trinidad & Tobago to Sagicor Financial Corporation. After the sale, Scotiabank will partner with Sagicor Financial to sell insurance in those countries.

Scotiabank also plans to sell multiple banking operations in Anguilla, Antigua, Dominica, Grenada, Guyana, St Kitts & Nevis, St Lucia, St Maarten, St Vincent & the Grenadines to Republic Financial Holdings.

The news of Scotiabank’s…

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