Sovereign Wealth Fund Legislation Set for Parliamentary Approval in Q1 2025

Basseterre, St. Kitts, February 19, 2025 (PMO)– The Government of St. Kitts and Nevis is poised to establish a Sovereign Wealth Fund (SWF), with legislation scheduled for parliamentary debate and approval within the first quarter of 2025. This strategic move aims to ensure prudent management and investment of the nation’s financial resources, securing long-term economic stability and prosperity.

The proposed SWF will serve as a financial reservoir, accumulating excess revenues from various sectors, including the Citizenship by Investment (CBI) program and anticipated profits from the burgeoning geothermal energy industry. By channeling these funds into the SWF, the government seeks to create a sustainable financial buffer that will support national development projects, social programs, and economic diversification efforts.

Prime Minister Dr. Terrance Drew underscored the importance of the SWF, stating, “The establishment of the Sovereign Wealth Fund is a critical step in safeguarding our nation’s financial future. It will provide a structured and transparent mechanism for managing our resources, ensuring that both current and future generations benefit from our country’s wealth.”

The legislative framework for the SWF has been meticulously crafted in collaboration with international financial experts, including the International Monetary Fund (IMF). This partnership ensures that the fund adheres to global best practices in governance, transparency, and accountability.

Once operational, the SWF will be managed by an independent Board of Trustees, comprising professionals with expertise in finance, economics, and law. Regular audits and public reports will be conducted to maintain transparency and public trust in the fund’s operations.

The successful implementation of the Sovereign Wealth Fund is anticipated to fortify St. Kitts and Nevis’s economic resilience, providing a stable foundation for sustained growth and development in the years to come.

Basseterre, St. Kitts, February 19, 2025 (PMO)– In a recent radio interview, Prime Minister Dr. Terrance Drew highlighted the importance of the collaborative efforts between the Federal government and the Nevis Island Administration (NIA).

This joint venture, as stated by the Prime Minister, emphasizes that the geothermal project is a testament to what can be achieved when both islands work cohesively towards a common goal. The project aims to harness the substantial geothermal resources of Nevis, with plans to construct a power plant capable of generating approximately 50-60 megawatts of electricity. This capacity will not only satisfy the energy demands of both St. Kitts and Nevis but also position the Federation as a potential exporter of renewable energy.

The collaboration has successfully secured funding from international partners, including the Caribbean Development Bank and the Saudi Fund for Development. Drilling operations are slated to commence later this year, with the subsequent phase focusing on the establishment of the power plant and the installation of a submarine electrical transmission cable to connect both islands.

Prime Minister Drew expressed his gratitude to all stakeholders involved, particularly Premier Mark Brantley and the NIA, for their unwavering dedication to this transformative project. He stated, “This endeavor exemplifies the strength of unity and shared vision. Together, we are paving the way for a sustainable and prosperous future for all citizens of St. Kitts and Nevis.”

The successful realization of this geothermal project is poised to significantly reduce electricity costs, attract foreign investment, and establish St. Kitts and Nevis as a leader in renewable energy within the Caribbean region.

This initiative aligns with the government’s broader approach to transforming St. Kitts and Nevis into a sustainable island state, focusing on energy independence, economic diversification, and environmental stewardship. By investing in renewable energy sources, the Federation aims to reduce its carbon footprint, enhance energy security, and create new economic opportunities for its citizens.

During the interview, Prime Minister Drew acknowledged the challenges faced in previous geothermal endeavors and has taken proactive measures to ensure the success of the current project. This includes engaging reputable international partners, implementing robust project management practices, and fostering transparent communication with all stakeholders.

As the project progresses, the government remains committed to providing regular updates to the public, ensuring that citizens are informed and engaged in this transformative journey toward sustainable energy independence.

Basseterre, St. Kitts, February 10, 2025 (PMO)– The Government of St. Kitts and Nevis has taken another step in its digital development with the official launch of the Cyber Nations Program 2025, a cutting-edge cybersecurity training initiative designed to equip citizens with critical digital security skills.

The initiative was unveiled during a launch ceremony today, Tuesday, February 18, 2025, attended by members of Cabinet, senior government officials, representatives from the ICT sector, education stakeholders, national security personnel, and prospective participants eager to seize this opportunity.

The training programme, which is a collaborative initiative between the Government of St. Kitts and Nevis and leading cybersecurity training provider Protexxa out of Canada, is aimed at empowering the nation’s workforce by equipping participants with internationally recognized certifications and work-integrated learning opportunities in the rapidly expanding field of cybersecurity.

Giving brief remarks at the launch, Hon. Dr. Geoffrey Hanley, Deputy Prime Minister and Minister of Education et al., described the initiative as a major milestone for the Federation, reflecting on the government’s ongoing commitment to preparing its people for the jobs of the future. He noted, “Our vision for this program is to empower the next generation with the knowledge and skills necessary to thrive in an increasingly digital world. By equipping our young people with the tools to innovate, we are investing in the future of our nation and the global economy.” He also extended gratitude to Protexxa, particularly its leadership, and the Government of Canada for their support in developing this initiative.

Prime Minister Drew hailed the programme as a strategic move in advancing the country’s Sustainable Island State Agenda. He emphasized that the program not only provides a gateway to well-paying careers but is also a national priority for cybersecurity resilience and economic transformation.

“We are building a nation that is not only technologically advanced but also resilient. We must equip our citizens with the skills necessary to engage meaningfully in the digital economy, not just as consumers but as professionals, entrepreneurs, and problem-solvers in the global marketplace,” said Dr. Drew.

He noted that the transition to e-Government requires robust digital protections and that alongside training professionals in cybersecurity, the initiative will engage 25,000 citizens in improving their digital literacy and security awareness to ensure that the entire nation is ready for the digital transformation. “This is not just about jobs. This is about ensuring that St. Kitts and Nevis is a leader in cybersecurity preparedness, making us attractive to investors and securing our digital infrastructure as we move towards full e-Governance,” he added.

Rick Huijbregts, Program Director from Protexxa was on hand to provide an overview of the program. He explained that the initiative includes a six-month intensive online training program, leading to internationally recognized credentials, including the CompTIA Security+ Certification, and a 12-month paid placement program, allowing participants to gain hands-on experience with industry partners. He went on to highlight the global demand for cybersecurity professionals and stressed the opportunities available for St. Kitts and Nevis, stating, “Globally, over 3 million cybersecurity jobs remain unfilled, and St. Kitts and Nevis has an incredible opportunity to establish itself as a leader in shaping this workforce. This program ensures that our citizens have access to well-paying, future-proof careers in cybersecurity.”

Following the launch, prospective participants were able to sign up for the program immediately, demonstrating strong national interest in cybersecurity training.

Citizens eager to join the program can access the official sign-up portal via SKNIS and Elevate or attend the follow-up in-person information session on Tuesday, February 25, at 4:30 PM at CUNA.

NIA CHARLESTOWN NEVIS (February 17, 2025) – The Nevis Island Administration (NIA), through its Ministry of Human Resources, has recognized three exemplary public servants for their dedication and exceptional service to the public sector.

During the recently held NIA Ministry of Human Resources 2025 Orientation Seminar, Training Officer Mrs. Shanola Murray-Gill announced Venrick Newton, Craig David, and Ezekiel Parris as the honourees. She highlighted their contributions and the reasons behind their recognition.

Venrick Newton was honoured with the Outstanding Messenger and Delivery Service Award for his unwavering commitment over two decades. Originally serving as a Fisheries Field Assistant, he now holds the position of Marine Field Assistant in the Department of Marine Resources under the Ministry of Agriculture.

“He is known for his friendly and energetic disposition, an officer who is dedicated, hard-working, and performs excellent customer service,” said Mrs. Murray-Gill.

“Whenever he enters a room, he lights it up with his special greetings, his small talk, and his animated spirit. He is easy to get along with and goes above the call of duty.”

Craig David was presented with the Innovative Thinker Award for his extensive contributions in the field of information technology. Having served the civil service for twenty years in various roles including computer analyst, systems analyst, and assistant director, he currently holds the position of IT Director for the NIA.

“He is extremely passionate about information technology and he strives to ensure that his department keeps up to date with technology’s consistent evolution,” noted Mrs. Murray-Gill.

Ezekiel Parris received the Ultimate Team Player Award in recognition of his selfless service and reliability. Since joining the civil service in 2004, he has served as a Valuation Officer at the Inland Revenue Department and now works as a systems technician in the Information Technology Department.

“This individual is also dedicated, extremely helpful, warm and approachable, and goes above the call of duty to serve all departments equally,” said Mrs. Murray-Gill. “No matter how busy or where he’s engaged, he makes time to respond to the call of assistance. This is why he is deemed the ultimate team player.”

Each honouree received a plaque and gifts of appreciation, presented by Premier of Nevis, the Honourable Mark Brantley, Minister of Human Resources, and Permanent Secretary in the Ministry of Human Resources, Kevin Barrett.

The NIA remains committed to recognizing and rewarding the outstanding contributions of its public servants, who continue to play a vital role in the efficient functioning of government services on Nevis.

By: Spokesman Newsroom

BASSETERRE, St. Kitts (Thursday 20th February 2025)-Permanent Secretary in the Ministry of Tourism Tivanna Wharton is encouraging festival-goers to get their tickets as soon as possible, and at the ongoing early bird special since “thousands” have been sold already for what could result in the “first-ever” sold out three-nightly event featuring twenty-six (26) acts.

 “The buzz has been electric, and ticket sales have been nothing short of phenomenal. The excitement is real, and based on the numbers, this might just be our first-ever sold-out St. Kitts Music Festival. Be warned.”

Wharton made this announcement following the final wave unveiling for the 27th edition of the annual festival (slated Thursday 26th to Saturday 28th June), held on Thursday 20th February 2025 at the St.Kitts Marriott Resort, featuring a mix of national, regional, and international acts.

The eighteen (18) acts announced for the second and final wave are: St.Kitts Steel Orchestra, Honey Bees String Band, Nicholas Branker Band, DJ Tero, Abena Amory,Virgil Hodge, iDeli Napi, Romain Virgo, Barrington Levy, Trilla G, Signal Band, Yung Bredda, Patrice Roberts, Collin Wyatt, Christopher Martin, Jah Vinci, Chronic Law and Spice. 

“I can’t sing, but ‘Well, well, well, well, well. Watch pon trouble in the place!’ What an announcement!…We now have the full and final lineup for the St. Kitts Music Festival 2025 edition, and I think you all can agree that it is absolute fire! This kind of lineup will have our patrons-or should have our patrons-scrambling to book flights, organizing the crew, planning outfits, and setting alarm clocks for the countdown until June. As a matter of fact, my phone is here buzzing with ticket sales. Amazing!”

In December 2024, the first wave featuring eight acts were announced: AkaiiUSweet & Tobap, Ayra Starr, Dejour, Jennifer Hudson, Kes The Band, Kollision Band, Shenseea and Vybz Kartel.

Wharton emphasized that, for the first time in the festival’s history, ticket sales went live immediately after the first wave of artist announcements, calling it a “game changer” for this year’s event.

“But what makes this year even more special is that for the first time in the festival’s history, ticket sales went live immediately after the first wave of artistes. This really was a game changer in this year’s music festival.”

With high demand, Wharton strongly urged festival goers to purchase their tickets early to avoid disappointment.

“If you haven’t gotten your ticket yet, the time to act is now. We’ve been promoting our early bird general admission tickets, and I want to let you know that they will be available until March 15th.

She explained that patrons have two pay cycles to take advantage of the early bird special, before the $40 increase in ticket prices. 

“That’s two pay cycles…So you have two pay cycles to get your tickets. After that, there will be a small increase. Our tickets right now are $135, and there will be a small increase to $175, which still makes the St. Kitts Music Festival the cheapest festival in the region-well, maybe in the world, for true.”

Wharton noted that the increase is necessary to maintain the festival’s high standards, adding:

“As we grapple with increased global costs, I think everyone can appreciate that this small increase will assist in maintaining the high standard of production that you’ve come to appreciate for all these years.”

She further stressed that tickets are not unlimited, and thousands have already been sold.

“So again, I want to admonish everybody-encourage everybody-to purchase their tickets because, one, there is a maximum amount of tickets available. They are not unlimited, first and foremost. And I can tell you that thousands of tickets have already been sold.”

Wharton applauded the work of Minister of Tourism Marsha Henderson “who continues to push the boundaries to elevate this festival, ensuring that it remains a world-class experience and that it promotes St. Kitts as a must-visit destination. Under the Minister’s leadership, we have curated an experience that is bold, exciting, and simply unmatched.”

Wharton emphasized that the St. Kitts Music Festival is more than just three nights of music-it’s an entire week of non-stop action.

“We have built an expanded festival experience that guarantees every single day is packed with energy, excitement, and unforgettable moments.”

She also made special mention of the festival’s VIP experiences, which she described as unmatched compared to similar events abroad.

“And for those who are looking for an elevated festival experience, allow me to acknowledge our VIPs delivering luxury like never before. I’m not sure if any of you have gone to VIPs outside of St. Kitts… Incomparable! Honestly, I went to a major festival and paid for VIP, and I was on the grounds. I didn’t have unlimited food and drinks all night-I still had to purchase my own! So it is important to note that our VIP experience in St. Kitts is unmatched and far surpasses any other VIP experience.”

She acknowledged key VIP partners, including Xpress VIP, which offers premium service and seamless access and the Carambola VVIP White Sands Lounge, which delivers exclusive luxury, comfort, and ambiance

Wharton also emphasized the importance of securing tickets before it’s too late:

“So I hope that the sales keep rolling in, because I don’t want to be calling Mrs. Sharpe [of Carambola) and Shannon [Hawley of Xpress] on the day…asking about tickets. The cry has been: ‘Squeeze me in, please!’ No more tickets there?!’ So I’m encouraging everybody to get their tickets now.”

Wharton expressed appreciation to the sponsors and stakeholders that have made the event’s success possible. She gave special recognition to the St. Kitts-Nevis-Anguilla National Bank, which has played a key role in facilitating early ticket sales.

“I particularly want to recognize St. Kitts-Nevis-Anguilla National Bank. They have been working with us very closely since the culmination of last year’s festival. And they are partly the reason why we were able to put the tickets live immediately. National Bank came on board as one of the first sponsors for the 2025 edition of the St. Kitts Music Festival.”

She also reminded the public of the festival’s original purpose-to boost tourism and extend the island’s peak season.

“…the St. Kitts Music Festival was created as a means of extending our tourism season and bringing people to our destination, and that continues to be our main focus.”

Wharton called on the media and festival supporters to spread the word and build excitement leading up to the event.

“To all of our stakeholders and the media-thank you for sharing the excitement far and wide. I expect all of you to share reports, share them up so everybody can see.

“And to all the festival goers who have already purchased their tickets and those who will purchase-this festival is for you! So, ladies and gentlemen, the countdown to the St. Kitts Music Festival 2025 edition is officially on. Get your tickets, book your flights, get your clothes, and get ready for an unforgettable experience. See you in June!”

NIA CHARLESTOWN NEVIS (February 17, 2025) – The reigning champions of the Leeward Islands Debating Competition (LIDC), the Nevis Literary and Debating Society (LDS), is preparing to defend its title at the 53rd staging of the prestigious competition, set to take place in St. Maarten from March 6 to 8, 2025.

Representing Nevis will be a team of students from the Nevis Sixth Form College, including Jeran Webb, T’Geonique Hunkins, Lauchele Herbert, Shirmia Thompson, Kijari Huggins, and President of the LDS, Khalia Huggins-Simmons. As the champions of LIDC 52, Team Nevis will automatically advance to the semifinals and, if successful, the finals.

“We got the moots late last year so we’ve been working hard over the vacation and still now, preparing for those,” said Huggins-Simmons. “For the semifinals our debate topic or moot is ‘Parental leave should be equal for both mothers and fathers’, and the finals moot would be ‘Caribbean youth will not reach their fullest potential without adequate soft skills training’.

“There is a lot of pressure because not only did we win finals, but we had three debates last year and we won all three of those. So the standard is pretty high, but I believe in my team and I’m confident we’re going to win.”

The team will compete with a few new debaters, who expressed eagerness to compete, having participated in mock debates over the past few months.

Mrs. Kerilyn Edwards-David, Deputy Principal with responsibility for the Nevis Sixth Form College and LIDC Coordinator, emphasized the team’s preparation and financial challenges.

“We will be traveling on March 5th and the competition starts on March 6th. We debate on March 7th and March 8th, and then we return to Nevis on March 10th,” she stated. “This year, traveling is very expensive, so we have been working extremely hard to raise funds. We have had several fundraisers in term one.

“This term, we are currently hosting a raffle. The raffle prizes are a 55-inch smart TV, music festival tickets for Thursday, Friday, and Saturday night, and dinner for two at Oualie. The raffle ticket prices are $25 per entry. So I’m encouraging everyone to purchase a raffle ticket and help us raise funds.”

The raffle drawing will take place on March 2nd at the Bank of Nevis Inter-High School Championship. Edwards-David also made an appeal to businesses and individuals to contribute generously towards the team’s expenses to ensure their participation.

The 2025 Leeward Islands Debating Competition will see five territories—Nevis, Anguilla, Antigua, St. Kitts, and host St. Maarten—compete in a battle of intellect. Team Nevis will face the winner of debate number one in debate number three on March 7th. The grand finale on March 8th will feature the winners of debate two and debate three.

As Team Nevis sets its sights on retaining the championship, the island rallies behind them with full support and anticipation for another victorious performance on the regional stage.

Basseterre, St. Kitts, Wednesday, February 12, 2025: Ministry of Education officials are looking forward to the unfurling of the harmonized OECS Primary School Curriculum: OECS PEARL (Programme for Educational Advancement and Relevant Learning).

Having contributed to and collaborated on the local leg of a mission organized by the OECS Commission last week, officials got a first-hand look at the online hub, which promises to revolutionize the way primary education is delivered across the region. The digital platform provides teachers with access to structured lesson plans, instructional resources, and assessment tools aligned with the harmonized curriculum.

Locally, the Ministry introduced pilots of an enhanced curriculum for primary schools starting in 2020 in grades 2 and 6. It has continued to introduce pilot programmes at the remaining grade levels up to 2023. Based on its experience, the Ministry has been able to share invaluable insight with the OECS Commission PEARL Team.

During the mission, Ministry of Education representatives engaged in discussions with OECS officials and local educators to assess the platform’s readiness for full implementation. Teachers and curriculum officers also participated in demonstrations, exploring how the system can be integrated into daily classroom instruction. The OECS team also met with the Director of the Education Media Unit, Ms. Maria Crawford, and her team to discuss strategies for effectively utilizing multimedia resources in the rollout of the OECS PEARL curriculum.

The OECS PEARL initiative aims to enhance learning outcomes by standardizing curriculum content across OECS member states while allowing for localized adaptations. The online hub is designed to support educators with professional development materials, facilitate resource-sharing, and encourage collaboration among teachers across different territories.