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