Investment agreements worth $300 million have been sealed by ACTIF2025, according to Afreximbank's announcement.
The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025), held in Grenada from July 28 to 29, 2025, concluded with over $300 million in investment and trade deals sealed. The two-day event drew over 2,100 delegates from 80 countries, including 11 Heads of State and Government, senior government representatives, private sector leaders, and development partners.
One of the key agreements announced was a USD 50 million Education Construction and Rehabilitation Climate-Linked Facility with The Government of Saint Kitts and Nevis. Another significant deal was a USD 61.25 million Term Loan for the Homewood Suites by Hilton Barbados.
In addition, a USD 40 million Receivables Facility was announced for Cat Island Infrastructure Company Ltd in The Bahamas, and a USD 40 million commercial port development agreement was announced involving Gemini Integrated Commodities Trading Company Ltd and the Government of Saint Kitts and Nevis.
The Bank of The Bahamas Ltd was appointed as an Afreximbank Trade Finance Intermediary, and a USD 100 million Receivables Discounting Facility was announced with Bahamas Striping Group of Companies Ltd for road and infrastructure works.
Participants also committed to the establishment of a Free Trade Arrangement, elimination of visa restrictions, support for air and maritime links, and expansion of digital, sports, and creative economy partnerships. A Memorandum of Understanding was signed with the Grenada Development Bank to promote SME development and trade flows.
A strategic cooperation MOU was announced with the Caribbean Telecommunications Union (CTU) to advance digital transformation. Dr. George Elombi, Executive Vice President of Afreximbank and incoming President, emphasized the next phase should be about conviction and decisive action.
Grenada's Prime Minister, Hon. Dickon Mitchell, reiterated the region's resolve to institutionalise its collaboration with Africa. The official ACTIF2025 Communiqué welcomed the endorsement of the Global Africa Commission by Grenada, St Kitts and Nevis, and other OECS states. The communiqué recognized ACTIF2025 as a pivotal moment in building 'resilient cross-regional value chains' and affirmed the continuation of the ACTIF platform with the announcement of ACTIF2026.
He stated that finance is the lifeline of trade, and the integration of payment systems is crucial to see the Caribbean as a unique opportunity. However, the specific states that endorsed the Global Africa Commission at the ACTIF2025 conference in Grenada and expect its formal adoption at the upcoming AU-CARICOM summit in September 2025 in Addis Ababa are not explicitly listed in the available sources.
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