CAIPA and Caribbean Ex­port fo­cus on im­ple­ment­ing a Re­gional In­vest­ment Pro­mo­tion Strat­egy

The Star (St. Lucia) - - REGIONAL -

The sec­ond edi­tion of the Re­gional In­vestor of the Year Award was held at the Em­bassy Suites by Hil­ton Ho­tel in Santo Domingo on 17 Novem­ber, 2014. The event, part of the 5th An­nual Gen­eral Assem­bly of CAIPA, was held in recog­ni­tion of the con­tri­bu­tion of for­eign and lo­cal in­vestors to the Caribbean. This year, the Awards sought to bring into fo­cus in­vest­ments made in the green econ­omy re­gion­ally with a Spe­cial Award to women in­vestors. The ini­tia­tive was a col­lab­o­ra­tive ef­fort be­tween CAIPA and Caribbean Ex­port De­vel­op­ment Agency and spon­sored by the Euro­pean Union un­der the 10th Euro­pean De­vel­op­ment Fund, Re­gional Pri­vate Sec­tor De­vel­op­ment Pro­gramme.

Re­ceiv­ing the award for For­eign In­vestor of the Year was Palmis Eneji, an in­no­va­tive mi­cro-fran­chise French firm that has in­vested in Haiti by pro­vid­ing clean and ef­fi­cient so­lar pow­ered light­ing and LPG cook­ing so­lu­tions for the poor. Its goal is to pro­vide clean and sus­tain­able en­ergy ac­cess in Haiti and ac­tively par­tic­i­pate in the fight against de­for­esta­tion in that coun­try.

The Lo­cal In­vestor of the Year Award was shared this year be­tween 2 firms: EGE Haina of the Do­mini­can Repub­lic and NCB Group Ltd., from the Cay­man Is­lands. The firm EGE Haina is the largest gen­er­a­tor of elec­tric­ity in the Do­mini­can Repub­lic, sup­ply­ing 20% of the grid-tied de­mand in the coun­try. Re­ceiv­ing the Award on be­half of EGE Haina was the Gen­eral Man­ager, Mr. Marcelo Ai­cardi.

The sec­ond company to win the cov­eted Lo­cal In­vestor of the Year Award was NCB Group Limited (in par­tic­u­lar, NCB Homes Ltd) of the Cay­man Is­lands. NCB Group is the only com­mer­cial de­vel­oper and cus­tom home builder in the Cay­man Is­lands that uti­lizes sus­tain­able build­ing so­lu­tions and geo­ther­mal cool­ing sys­tems. The RIYA award also fea­tured the pre­sen­ta­tion of a Spe­cial Award to Ms. Au­drey Hinch­cliffe, the founder and owner of Man­power & Main­te­nance Ser­vices Limited Group of Com­pa­nies in Ja­maica. The over­all win­ner of the Re­gional In­vestor of the Year Award was NCB Group of the Cay­man Is­lands.

There were 23 ap­pli­ca­tions from 13 Caribbean ter­ri­to­ries. Many of the projects sub­mit­ted for the Award will be used as suc­cess sto­ries by Caribbean Ex­port and CAIPA to pro­mote the re­gion for in­vest­ment in the up­com­ing year.

Mr. Marcelo Ai­cardi, Gen­eral Man­ager, EGE Haina (left) ac­cept­ing the award for Lo­cal In­vestor of the Year from

Pro­fes­sor Alvin Wint, Chair­man of the Re­gional

In­vestor of the Year Award and a mem­ber of the RIYA Eval­u­a­tion Team

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