AGP Executive Report
Last update: 12 hours agoOverseas Investment Push: France’s Overseas Territories Minister Naïma Moutchou unveiled the “Outre-mer One” fund in Paris, already topping its €30m target, with a new €35m push managed by INCO Ventures and backed by state partners (including AFD and Banque des Territoires) plus private investors like BRED, EDF and Bernard Hayot Group. The goal: shift from subsidies to commercially viable investment, leveraging local strengths such as biodiversity and the “blue economy.” Connectivity for the Region: EllaLink advanced its Caribbean Gateway into the development phase at CTU ICT Week 2026 in Cayenne, proposing an open-access, carrier-neutral submarine cable linking Cayenne to Martinique and Guadeloupe, with a western leg to Aruba, Curaçao and Bonaire; construction isn’t set to start yet, with service targeted for end-2029. Tourism & Demand Signals: New travel data (Apr 2025–Mar 2026) shows Caribbean arrivals led by couples (about 40%), with smaller destinations gaining fastest—Dominica up 22%—and different islands drawing different group sizes. Local Business Disruption: A fire damaged parts of Glenns Creek Distillery; officials say no spirits were lost and production areas were unaffected, but the site lost power while investigators look into the cause.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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