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EPIC’s regional partners urged to take digital innovation to the next level.

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Practice Manager of the World Bank Group’s Entrepreneurship Program for Innovation in the Caribbean (EPIC), Ganesh Rasagam has called on regional partners to take ownership for the next phase of implementing the mobile innovation and clean technology enterprise programs to make for the further promotion and success of digital innovation in the region.

Speaking at the launch of a 2 day Hub and Spoke Workshop for regional entrepreneurs in Kingston recently, Rasagam said the World Bank “truly believes that the Caribbean Climate Innovation Center (CCIC) and the Caribbean Mobile Innovation Program (CMIP) have to be owned and empowered by our regional partners to guarantee long-lasting, sustainable success that will create generations of high-potential entrepreneurs for the region. This is also critical in fulfilling the objectives and targets set for the program,” he noted. EPIC, supported by the Government of Canada, is a 7-year project improves the innovation environment for high-growth startups in CARICOM countries and assists entrepreneurs on their journey from “mind to market”.

The Hub and Spoke model is a series of regional and local ecosystem activities that are managed by a central innovation hub with support from additional hubs in different locations. It seeks to build mobile-innovation communities by bringing together a variety of stakeholder groups, which include entrepreneurs, developers, mobile phone companies and local businesses which are involved in activities that strengthen the mobile innovation ecosystem.

Rasagam says during this phase, “we need to build upon these successes and to strengthen our efforts to support growth entrepreneurs in the Caribbean through a comprehensive set of value-added services, engagement with key stakeholders in the region and building strategic partnerships”.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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