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CAIPA elects new president

A new president has been elected at the annual general meeting of the Caribbean Association of Investment Promotion Agencies to serve 2017-2019. 

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Date:
Updated:
TheBahamasInvestor.com
Monday, June 20, 2016
Monday, June 20, 2016

Diane Edward (pictured) has been elected as the new president at the annual general meeting of the Caribbean Association of Investment Promotion Agencies (CAIPA) to serve 2017-2019.

The event was hosted in collaboration with the Caribbean Export Development Agency (Caribbean Export), 7-8 June 2016 in Curacao.


McHale AndrewOutgoing president McHale Andrew (pictured) in his opening remarks noted the continued importance and relevance of Caribbean investment promotion agencies (IPAs) to the region’s economic development and encouraged members to persevere despite the continued challenges of declining budgets and governmental changes.

The elected representatives to the CAIPA board of directors include: CAIPA president, Diane Edward; Racquel Moses, who will serve as the 1st vice president; Bernadette Ambrose-Black, 2nd vice president; while the four directors are: Ramon Koffijberg, Rhoda Joseph, Owen Verwey and Ronald Theodore.

Commonwealth Brewery Ltd (CBL) reported $123.5 million in revenue and $68 million in total assets at its annual general meeting 8 June while remaining debt-free. However, the company reported relatively flat revenue year-over-year and a decline in profits and earnings per share.

The Bahamas is gearing up to host 71 countries at the sixth annual Commonwealth Youth Games next summer. Organizers are hoping that the multidiscipline games will build relationships among the young athletes in the Commonwealth, as well as introduce The Bahamas to scores of potential new visitors.

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