In a bid to boost the sports tourism industry, Barbados is seeking to borrow $50 million from the African Import/Export Bank (Afreximbank) to upgrade the historic Kensington Oval “to the next level”, Prime Minister Mia Mottley announced on Monday.

As she addressed the second AfriCaribbean Trade and Investment Forum 2023 (ACTIF23) in Guyana, she said the US$25 million (BDS$50 million) loan will have a “highly competitive” seven per cent interest rate and a seven-year repayment period, and it will be allocated for the urgent refurbishment of the iconic cricket stadium....

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Author: Emmanuel Joseph