UAE Supports Regional Renewables

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UAE SUPPORTS REGIONAL RENEWABLES

Here STAR Businessweek provides an overview of the 16 initiatives supported by the Fund and their current status.

Innovative renewable energy projects around the region got a much-needed funding boost recently as the UAE-Caribbean Renewable Energy Fund (UAE-CREF) unveiled its latest beneficiaries. The Fund, which is in its third cycle, is providing US$ 50mn to projects in 16 Caribbean nations to help them meet their renewable goals through bankable projects capable of delivering tangible results.

BY CATHERINE MORRIS, STAR BUSINESSWEEK CORRESPONDENT

IN THIS EDITION OF

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Foreign Buyers Spur Real Estate Growth Whether hunting for their dream beach house, looking for a reliable investment or planning the perfect retirement hideaway, Caribbean real estate has always been a draw for overseas buyers.

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St Lucia’s Rodney Bay was named second most affordable beach town in the Caribbean by realtor.com

Maduro Seeks Salvation from the Private Sector In recent weeks a particular move by the disputed president of Venezuela, Nicolás Maduro, has signified just how tenuous his grip on the nation’s top job has become.

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The 600kW Solar PV Battery Hybrid Power Plant on Union Island in Saint Vincent and the Grenadines was part of the UAE-CREF’s first cycle (Photo courtesy Masdar)

Venezuelan President Nicolás Maduro (left) and Russian President Vladimir Putin confer at the Kremlin in Moscow in September 2019 (Pool New/Reuters)

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CANADA

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THE NEXT CHAPTER IN CANADIAN-CARIBBEAN TRADE

BY ED KENNEDY, STAR BUSINESSWEEK CORRESPONDENT

ALL EYES ON

AT TRINIDAD CARNIVAL 2020 Marketing Manager for Caribbean and Events and Brand Lead on CaribcationChristopher Gustave, flew over to Trinidad for the annual Trinidad Carnival celebrations where Brand Saint Lucia was prominently highlighted, thanks to the Saint Lucia Tourism Authority and the Ministry of Tourism.

Ahead of the highly anticipated parade of the bands, Caribcation joined the Ministry of Tourism to support our homegrown and International Soca Award Winner- Teddyson John, who was a prominent feature at “Kes Tuesday on the Rocks”- an event hosted by one of Trinidad’s most popular Soca Artists-Kes. This was the first time that a Saint Lucian band was featured at such an event.

Caribcation also teamed up with Just4fun Carnival Band from Saint Lucia for “Erupt” which took place on carnival Friday and featured numerous Saint Lucian artists namely; Motto and Hollywood HP, among others.

Additionally, Caribcation collaborated with world renowned Cricket Legend- Brian Lara to lend support to his annual carnival event and used this opportunity to display destination and Saint Lucia Carnival themed videos. Senior officials at the Events Company of Saint Lucia (ECSL) and the Cultural Development Foundation (CDF) joined Gustave and valued the many networking opportunities.

For the Parade of the Bands along the streets of Port of Spain, Caribcation collaborated with Yuma- one of Trinidad’s premium carnival bands to feature a Caribcation branded truck as well as Caribcation brand ambassadors.

Ending the trip, SLTA teamed up with ECSL and CDF and had interviews with the National Carnival Committee in Trinidad as well as Trinbago Unified Calypsonians’ Organization (TUCO) to gain insight into the production of their world-renowned product.

A giveaway was also launched on Caribcation’s Instagram platform in destinations that LIAT and Caribbean Airlines operate, which could see one lucky person and a friend win a 5-day trip to Saint Lucia for an unforgettable all-inclusive carnival experience.

stlucia.org caribcation.org

A look at the Toronto skyline across the waters of Lake Ontario (Source: Pixabay)

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hen it comes to identifying new trading opportunities up north, the USA always serves as a starting point for the Caribbean family. Yet, as a nation that regularly ranks within the world’s top ten biggest economies, Canada is a powerhouse in its own right. It is a country that has had a long trading relationship with the Caribbean region, and one that wishes to grow stronger trading links with like-minded states in an international community currently in the grip of a protectionist fever not seen since the first half of the 20th century.

But even though the relationship with Canada is one of promise, it’s also not without hurdles, and potential pitfalls for Caribbean states seeking to grow trade without wounding industry at home. So what has held back further progress in this space? And what are the prospects for the future of the relationship in the 2020s?

THE HISTORY AND THE PRESENT OF CANADACARIBBEAN TRADE It is only in (comparatively) recent

times that the country of 37 million and this region of over two dozen nations have approached their relationship with independence from European colonial powers. Beyond the economic links alone, the shared aspiration to be free of European rule and American domination has seen close ties forged between Canada’s governing class in Ottawa and those across Caribbean capitals.

More recently, over the past decade, aluminium ores, gold, alcohol and vegetables have been leading regional exports to Canada; with Canadian wheat, medicines, fish, meat and paper enjoying strong demand locally. In 2017 these goods contributed to total CanadaCARIBCAN trade (exports plus imports) of CAN $1.9bn.

CANADA’S PROSPECTS FOR THE 2020S Canada’s progress over the past decade illustrates the foundations on which it will build in the 2020s. Its largest city, Toronto, overtook Chicago during the 2010s to become the 4th biggest in North America, behind Mexico City, New York, and Los Angeles. Out west, Vancouver is looking to develop a world-leading tech Continued on page 6

REAL ESTATE

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FOREIGN BUYERS SPUR REAL ESTATE GROWTH

“Saint Lucia offers equal parts beauty and mystique and captivates anyone who sets foot on its coastline”

BY CATHERINE MORRIS, STAR BUSINESSWEEK CORRESPONDENT

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hether hunting for their dream beach house, looking for a reliable investment or planning the perfect retirement hideaway, Caribbean real estate has always been a draw for overseas buyers.

Some islands have been better than others at cultivating this lucrative niche – Turks and Caicos is booming and Barbados is seeing increased interest – but local realtors are optimistic that Saint Lucia will grab a bigger share of the market this year thanks to more liberalised legislation and a post-Brexit confidence among British buyers.

TURKS AND CAICOS HITS A HIGH Last year Turks and Caicos emerged as one of the bright spots in Caribbean real estate, and its popularity is predicted to continue through 2020. Drawing the eye of celebrities, high-net-worth-individuals and investors, the islands are fast becoming a mecca for luxury property hunters.

Villa sales represented just over half the market in 2019, according to Sotheby’s Turks and Caicos, with most of those carrying a price tag of around US$ 1.98mn. In total, the market reached US$ 334.7mn in 2019, bolstered by a strong performance in the luxury niches where 21 properties sold were over the US$ 3mn mark and the highest sale was a US$ 27mn villa.

Ongoing development of residential options, such as the Ritz-Carlton Residences on Grace Bay, Rock House and The Bight Hotel, points to a bright future for the booming market which saw average sales prices increase by 36 per cent last year. In total, sales volume in Turks and Caicos has increased by 568 per cent over the last decade.

The Barbados market is also on the up, after a decade-long slump that saw prices fall substantially. Realty group Terra Caribbean saw sales on the island increase by 22 per cent in the first half of 2019 and notes in a recent report that confidence appears to be returning to the higher end of the market, with more interest in homes valued at US$ 5 mn and above.

RELAXING THE REGULATION Sarah Danzie, realtor with St. Lucia Sotheby’s International Realty, suggests that Barbados’ liberal legislative environment has played a part in getting the island’s real estate sector back on

Realtor.com’s list of most affordable Caribbean beach towns (Courtesy Realtor.com)

its feet, saying: “Many islands, such as Barbados, have no restriction on who can own real property. Land can be acquired by residents and non-residents with very little difference in the process. We are optimistic that Saint Lucia will follow suit.”

For Danzie, the biggest challenge in the Saint Lucian market is getting overseas buyers the necessary paperwork to enable them to buy. She says 90 per cent of St. Lucia Sotheby’s clients are foreigners looking for second homes and the cumbersome process means they must wait up to six months to get the required licence.

This is set to change, however, with the government currently implementing new legislation that will cut the processing time to two weeks. The new law is expected to take effect within the next six months.

And for buyers lured by the relaxed regulation, there’s likely to be plenty of inventory to choose from as a change in the tax laws is prompting some foreign owners to sell up. Non-nationals have been taking advantage of a provision which allows them to buy property through an offshore company, which means less processing times, minimal resale costs and a tax exemption.

However, in January 2019 this law was amended and, from July 2021, these buyers will incur substantial taxes when selling.

“While we are eager to see what the government will do to assist with this hefty tax bill, we now have a huge inventory of properties for sale by nonnationals who are motivated to sell before the July 2021 deadline,” says Danzie.

“Buyers have a lot of negotiating power and are looking to move quickly.”

Tobago, Crane Bay in Barbados and Kittian Village in St Kitts.

MAKING THE LIST Saint Lucia’s high-end market is buoyed by tourists-turned-buyers – visitors from the UK, US and Canada who come for a vacation and fall in love with the island’s natural assets. “With both white and golden sand beaches, magnificent rainforest, soaring mountains and superlative bays, Saint Lucia offers equal parts beauty and mystique and captivates anyone who sets foot on its coastline,” says Danzie. “The island is largely mountainous leaving virtually every property with gorgeous views.”

From the mountains to the beach, owners are always looking for the classic island idyll. Industry site Realtor.com recently released its list of the most affordable beach towns in the Caribbean, and Saint Lucia made the cut.

Rated on home price, crime levels, GDP, real estate regulation and beach quality, the Realtor.com team picked ten top destinations with Tulum in Mexico voted number one and Saint Lucia’s Rodney Bay coming in second. Citing its proximity to Sulphur Springs and Reduit Beach, the already-entrenched expat community and a price per square metre of US$ 1,860 (including buildings), Realtor.com singled out Rodney Bay as a must for American buyers who can snap up a three-bedroom home for US$ 495,000. Other Caribbean towns on Realtor.com’s radar included Playa Bonita in the Dominican Republic, Maracas Bay Village in Trinidad and

OPTIMISTIC OUTLOOK Luxury real estate is a competitive market in the Caribbean with every island vying for investor dollars.

Danzie believes that Saint Lucia can hold its own in the marketplace with property prices between 40 and 60 per cent lower than on neighbouring islands, and adds: “It is in many ways a buyer’s market. The island offers an excellent opportunity for a high return on investment and it’s one of the world’s top destinations for weddings and honeymoons which makes a holiday rental property highly lucrative.”

Overall, Danzie is hopeful that the sector will see real growth in 2020, particularly following Brexit which has restored some much-needed certainty to the sector. “With the finalization of Brexit, we are seeing increased confidence from Brits and thus a more robust real estate market for Saint Lucia.

British who have been holding off on purchasing are now confident in buying.

“We are optimistic. The real estate market has been relatively stagnant over the last two years. However, as of January, we have seen a lot of interest in buying real estate, both by individuals and foreign investors. Things are moving and it is expected to continue in this direction. Inventory is high, demand is solid and continues to grow, and interest rates remain low, making Saint SBW Lucia very attractive.”

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RENEWABLE ENERGY / DEVELOPMENT COOPERATION

UAE SUPPORTS REGIONAL RENEWABLES

(11) ST KITTS AND NEVIS There are two solar PV powered desalination work plants in the pipeline for this Caribbean nation – one for each island. The development and funding agreements have been signed and, at the time of writing, feasibility studies were ongoing.

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The main objectives of the initiatives are to increase the use of renewables in the region and develop greater technical expertise in the field. Senior Advisor Dane McQueen explains: “The Fund typically enables one of the first or largest renewable energy installations in the project locations, with a mix of utility-scale and off-grid solar, and is designed to help to kickstart or enhance the local industry while also enhancing the power system’s resilience to climate change.”

The Fund is a collaboration between the Caribbean and the UAE, in partnership with organisations such as the Rocky Mountain Institute and the CARICOM Development Fund. It arose following concerns over climbing energy costs in the region and against a backdrop of closer relations between the Caribbean and the Middle East.

“Renewable energy is now significantly cheaper than diesel in all 16 countries, but deployment has not kept pace with this economic shift, often due to lack of project development precedent,” says McQueen.

“The UAE faced a similar situation in its own development of renewable energy, and found injections of public finance for hardware to be highly effective in quickly commercializing solar power technologies.

The UAE and Caribbean governments therefore agreed to focus the Fund on generation assets that could immediately demonstrate renewable energy’s cost savings, technical feasibility and job creation potential, as a spur and example for future development.”

At present, three projects have been commissioned under the Fund, seven are under procurement and six are in the feasibility stage. Here STAR Businessweek provides an overview of the 16 initiatives supported by the Fund, and their current status.

(1) ANTIGUA AND BARBUDA One of the first projects supported by the Fund, plans for the construction of a new solar power plant in Barbuda had to be reassessed in the wake of Hurricane Irma.

Realising that more funding was needed, the UAE-CREF secured a further

Officials from the Abu Dhabi Fund for Development signed an agreement with renewable energy firm Masdar to implement UAE-CREF projects (Photo courtesy Masdar)

US$ 1.5mn from the UAE, US$ 1mn from the CARICOM Development Fund and US$ 0.5mn from the New Zealand government. Procurement is now underway for the project.

(2) BAHAMAS In March 2019 the Bahamas celebrated the opening of its first 925 kW solar PV carport and EV charger stations, located at the country’s National Sport Stadium, and courtesy of the Fund.

(3) BARBADOS That same month, Barbados followed suit, opening its own 350 kW solar carport, EV chargers and 500 kW solar PV ground mount at the Barbados Water Authority.

These initiatives are expected to save the country US$ 381,000 a year in diesel fuel costs.

(4) DOMINICA Dominica’s plans to stabilize its grid in preparation for more renewable energy uptake were sadly waylaid by Hurricane Maria in 2017. The project includes battery storage capability and increased hydro and geothermal supply. At press time, a grid integration and battery concept study had been completed and procurement of a battery supplier is expected in the first quarter of this year.

(5) ST VINCENT AND THE GRENADINES Closing out the first cycle of the UAECREF funding was SVG with a 600 kW solar PV plant on Union Island. The plant was inaugurated in March 2019 and is

currently producing 100 per cent of Union Island’s daytime energy needs, saving the SVG government US$ 368,000 a year.

(6) BELIZE Belize was a recipient of the UAE-CREF’s second cycle, announced in 2018, and received funding for a US$ 2.7mn project to install 344 kW of solar PV and battery storage in rural villages without access to the national grid. The project is currently in procurement with a contract signing expected imminently.

(7) DOMINICAN REPUBLIC A funding agreement has been signed, and the feasibility study is complete on plans to construct rooftop solar panels at the Reynaldo Almanzar Hospital in Santo Domingo. Procurement is expected by the end of the second quarter of this year.

(8) GRENADA Grenada is also expecting to sign on the dotted line by mid-2020 for its solar PV and battery hybrid on the island of Carriacou.

(9) GUYANA A development and feasibility study has given the green light to Guyana’s own solar efforts as the government seeks to implement a PV solar and battery hybrid in Wakenaam.

(10) HAITI Dondon in Haiti will also receive its own PV solar and battery hybrid energy generator with plans underway and procurement expected by the end of 2020.

(12) SAINT LUCIA Saint Lucia received its grant in 2018, as part of the Fund’s second cycle.

Since then, development and funding agreements have been inked on solar carports with EV charging stations at Hewanorra International Airport, as well as solar powered street lighting. The feasibility study has been completed and project organisers hope to proceed with procurement by mid-2020.

(13) CUBA Entering the third cycle of funding, the UAE-CREF’s newest projects include a ground mounted solar installation at the University of Las Villas in Santa Clara, Cuba. At the moment, stakeholders are reviewing the development agreement before moving forward.

(14) JAMAICA Jamaica, already making strides in its solar generation thanks to its 51.5 MW Paradise Park plant, got a further investment from the UAE-CREF in its latest funding round.

Under this project, both ground-mounted and rooftop solar PV will be installed at the Caribbean Maritime University in Kingston. Jamaica’s Ministry of Science, Energy and Technology is currently reviewing the project.

(15) SURINAME Suriname has moved from development agreement to feasibility assessment on its ground-mounted solar PV station and battery storage component at the Anton de Kom University in Paramaribo.

(16) TRINIDAD AND TOBAGO Port of Spain will welcome a new solar PV carport at the carnival grounds in Queen’s Park, according to an agreement signed with the UAE-CREF in the third cycle. Feasibility studies are currently ongoing for the project.

VENEZUELA

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MADURO SEEKS SALVATION FROM THE PRIVATE SECTOR

BY ED KENNEDY, STAR BUSINESSWEEK CORRESPONDENT

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n recent weeks a particular move by the disputed president of Venezuela, Nicolás Maduro, has signified just how tenuous his grip on the nation’s top job has become. His petition to countrywomen that they pencil in giving birth to six children ‘for the good of the country’ and its repopulation efforts, evidences his desperation to maintain his grip on power.

Beyond the next generation of children, there are the plans Maduro has for the other asset essential to the nation’s future: its oil. He has spent the early months of 2020 looking to preside over a sweeping change to the country’s oil industry, embracing privatisation and so signifying a huge break away from Venezuela’s socialist doctrine and the modus operandi of the regime prior.

So what is motivating Maduro in his new mission? And who stands to benefit most?

THE DOMESTIC POLITICS As discussed below, this move comes with some substantial international considerations but at its core, as with all events in Venezuela’s current chapter, are domestic machinations.

Maduro has been seeking to empower foreign oil companies to take control of government-controlled property. Although there remain many steps before this vision can become a fully-operational reality, the decision has allowed Maduro to fire a salvo at the National Assembly, and its prior power that gave members exclusive authority over the approval of oillicensing deals.

So, even though this path sees the country cede control of its hitherto state-controlled oil industry, it offers an avenue for Maduro to gain more control over its political life as a whole. This is good for him, bad for the opposition. Now, what does it mean for stakeholders beyond the governing class?

AT HOME AND ABROAD This approach by Maduro is the latest in a long line of creative manoeuvres over the past year, and is a desperate attempt to kickstart a resurrection for an economy that has shrunk by more than two thirds since 2013.

Since the US oil embargo imposed

by Washington DC in January 2019, Venezuelan oil output has fallen by an estimated 35 per cent.

In late February Maduro declared an “energy emergency” and announced

Nicolás Maduro is inviting foreign businesses into Venezuela’s oil industry to help secure his rule at home (Source: Pixabay)

a reshuffle of the top leadership at the nation’s state oil company, PDVSA. He claimed this was to protect Venezuela from “imperialist aggression” but the fact it was said while simultaneously pursuing ways to encourage more private business in the sector (and after a year when a number of foreign oil companies have been operating within it) ensured his words were tinged with irony. Yet ultimately, the actions of Maduro here are significant not only for their effect, but the counter-effect they are now set to create.

At the core of these moves is an attempt by Maduro to shore up his coalition of support at home, and to project within the international community an image of strength and stability, even if, by so many measures, Venezuela is today in an era of meltdown. Central to the current challenges in Caracas is the back and forth between Washington DC and Moscow; understanding the significance of Maduro’s latest offensive first requires a recognition of this relationship in context.

THE WASHINGTON FACTOR Before the US oil embargo, the United States was the biggest export market for Venezuela, making the loss of trade an immense blow. What’s more, as a result of US pressure, such as threats against any international bank assisting the regime or ships carrying the oil, it is not only US buyers who are steering

clear, but any other looking to avoid the ire of Washington DC. However, despite the campaign for isolation of the country’s oil industry, renewable sanctions waivers have been issued to a number of companies, namely the US’s Chevron, Spain’s Repsol and India’s Reliance, allowing them to continue dealing in Venezuelan oil, albeit to a far more limited degree than Russian businesses.

RUSSIA AND CHINA This move by Maduro offers benefits for his supporters in Russia. The privatisation aim offers a chance for entities like the Russian giant Rosneft Oil to gain legal certainty over their oil investments so that even if their man in Caracas does eventually lose his grip on power, their control on oil exports should remain.

Furthermore, not only has Russia already been profiting immensely from its operations with Venezuela (Russia’s state-controlled businesses are estimated to have earned US$ 120mn a month since the US embargo), but it stands to benefit massively from Maduro’s proposals.

Besides gaining a stronger legal foothold, Russia will surely find new ways to expand the trade that sees one nation effectively selling in order to ensure its survival, and the other only too happy to pursue a relationship built on such desperation.

Similarly, although the past year has seen China take a step back in its relationship with Venezuela – with the

China National Petroleum Corp (CNPC) making headlines for skipping the loading of oil cargo in mid-2019 so as to avoid running afoul of US sanctions – this tactic by Maduro will incentivise the Chinese to re-examine the chessboard, and see where they could up the import of Venezuelan oil while not upsetting Washington DC.

FOREIGN ACTORS, LOCAL FALLOUT Whether this push by Maduro will work, remains unclear. The options for it to progress under Venezuela’s current government depend, in no small degree, on the pressure being placed upon it by Washington DC, and conversely the support it enjoys from Moscow. Invariably, oil suppliers and the markets that are hungry for its import will find a way to clear obstacles in their path.

Many US oil producers have been pressuring the Trump administration to revise its current policy towards Venezuela, with the aim of gaining access to the market once more (but Moscow unquestionably prefers the absence of American business in the country) and so it is possible that this latest thrust by Maduro (and in a US election year, no less) may well tick all the boxes in shoring up his rule, driving new economic activity and diminishing pressure on his SBW regime abroad.

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CANADA

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THE NEXT CHAPTER IN CANADIAN-CARIBBEAN TRADE Continued from page 2

sector to rival that in the US giants of Seattle and Silicon Valley which are today world-famous for their innovators like Microsoft and Apple.

Canada’s GDP growth throughout the past decade has been consistent, if somewhat lacklustre. But, as the fundamentals of its economy appear solid at the start of this decade – with exports staying resilient, the real estate market returning to strength after a lull in 2019, and unemployment rates reaching historic lows in numerous parts of the country – it is expected that once global issues such as Brexit reach a conclusion, Canada will be able to achieve even stronger growth.

MAKING A TRADE WITH CARIBCAN Currently, the Canadian-Caribbean economic relationship is largely driven by one particular agreement: in 1986 the Caribbean Canada Trade Agreement (CARIBCAN) was introduced.

CARIBCAN is non-reciprocal, providing Caribbean countries preferential, dutyfree access to Canada’s market for many Caribbean goods, while imposing tariffs on Canadian goods entering the region.

Somewhat unsurprisingly, Canadians have been keen to do away with CARIBCAN and strike a new agreement – a free trade agreement (FTA).

Between 2007 and 2016 alone there were seven rounds of negotiation between Ottawa and CARICOM surrounding the establishment of an FTA, all of which were ultimately unsuccessful. Initially, Ottawa signalled that it would not seek to renew the CARIBCAN waiver in 2013 but, after an array of back and forth and the failure to obtain an FTA that would replace the existing agreement, Canada made a request to the World Trade Organization, that was subsequently granted, to obtain an extension until 2023.

A FRANK TALK AMONG FRIENDS Historically, the enduring challenge to forming a new FTA has been seen in the diversity of Caribbean trade, and accordingly the disparity in outcomes.

For while nations like Jamaica and Trinidad and Tobago have enjoyed a strong trading relationship with Canada (and have previously been earmarked

At the last minute, President Trudeau cancelled last month’s scheduled diplomatic visit to Barbados where he was set to join other Caribbean leaders at a CARICOM meeting.

Trudeau planned to use the occasion to lobby the region’s leaders to support Canada’s bid for a seat at the United Nations Security Council.

as regional states that would stand to benefit most from an FTA), for others, the incentives for an FTA are far smaller; and in some nations, even pose a danger instead of an asset to future profitability.

Those in the Caribbean who look upon the prospect of a Canadian FTA as they did the Economic Partnership Agreement with the European Union in 2008 – as an agreement that constricts instead of enhances the capacity for local economic growth – will view the delay of Caribbean states entering another big agreement with a major economic power as right and proper.

OILING THE WHEELS Although obtaining an FTA between Canada and regional nations has been a challenge, the recent oil finds in Guyana and Suriname have added a new dimension to this dynamic. Canada has traditionally been hungry for natural resources from the region, and the oil boom in these two states provides them with a new point of leverage in any future FTA. As aforementioned, there remain many hurdles ahead in the relationship and, with seemingly easier paths on offer for both parties in growing trade profitability elsewhere, then it is

possible that in ten years’ time we may still be noting the inability of the latest round of negotiations to go anywhere.

That said, Canada and Caribbean states are committed to growing links in new markets in the 2020s, recognising that failure to do so threatens to see them slide backwards in profitability while economic powerhouses in Asia and Africa come to the fore. While

some nations may be ready once more to flirt with protectionism in the 21st century, those that have long since committed their economies to engaging in globalised trade know that there has never been a more crucial time to strengthen economic friendships, when a number of the world’s largest economies seek to rock the boat in catering to the mood of domestic stakeholders.

The Saint Lucia Registry of Companies & Intellectual Property Company Incorporations Name: Commonwealth University Inc. Description: Medical education, nursing education and medical research Directors: Dr. Kanimozhi Raja, Jesualexander Ephrem Date Incorporated: 27/2/20 Chamber: Glitzenhirn Augustin & Co Name: KAPRO Enterprise Ltd. Description: The umbrella body for other small businesses Directors: Cydrenia Ferness Date Incorporated: 28/2/20 Chamber: HC Reliable Legal Services

Name: NV Industrial Equipment & Supplies Ltd. Description: Laundry and chemical supplies specialists Directors: Nicholas Barnard, Lucette Desir Date Incorporated: 3/3/20 Chamber: Natalie DaBreo Chambers Name: Mulky Rambally Inc. Description: General construction and road works Directors: Mulky Rambally Date Incorporated: 4/3/20 Chamber: Self-incorporated

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