Export Barbados (BIDC) is encouraging local entrepreneurs to consider franchising to grow their businesses, make them exportable, and earn foreign exchange for…
In my lifetime, I've visited too many countries to remember. Some I've seen for vacation but more often, visits have been for business. If there's one thing I've learned in all my travels, the mor.
Minister of Agriculture Indar Weir has warned that Barbadians will face even higher food costs and higher levels of food insecurity in the coming months as the war in Ukraine drags on, if action is not taken.It was against this background that he said the Government was moving full steam ahead with the establishment of the highly-touted Barbados/Guyana food terminal to be constructed at Lears, St Michael.Disclosing that the facility which will serve as a hub to transship agricultural produce between the island and Caribbean Community (CARICOM) member states will cost roughly $32 million, Weir said February 2023 has been set for the groundbreaking ceremony.He told journalists on Friday that the design stage was well advanced for the purpose-built facility that will accommodate about forty-five 20-foot containers at any time and have a state-of-the-art packaging line.
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Participants in this year’s Barbados Entrepreneurship Foundation’s (BEF) $20 Challenge are expected to face a steeper climb in starting and operating a successful business.With this in mind, Andrea Burgess, Acting Deputy Chief Executive Officer of Export Barbados (BIDC), is urging participants to be realistic, innovative and creative, as they take part in the annual competition over the coming months and at a time of rising inflation.In spite of the economic conditions, officials of the $20 Challenge have indicated that there were no immediate plans to adjust the amount of money being loaned to the secondary school students in the challenge.The competition, which will run until January next year, will see participating individuals and groups given $20 as seed capital, which must be returned at the end of the competition period.“According to the Central Bank of Barbados, ten years ago in 2012, when this challenge started, national prices were 57.6 per cent lower than they are toda