Browsing: Caribbean

More than a business conglomerate, the Business Administration Group S.A. (GAESA) has become the primary vehicle through which Cuba’s Revolutionary Armed Forces (FAR) control much of the country’s strategic economy. Ports, logistics, tourism, financial services, foreign trade, and other hard-currency-generating sectors form part of a corporate structure unlike any other in Latin America and the Caribbean. For analysts, GAESA’s significance…

As Cuba’s health care system faces one of the worst crises in its history, marked by increasingly frequent blackouts, chronic medicine shortages, and hospitals in poor condition, its international medical missions continue to represent one of Havana’s main sources of revenue, in some cases surpassing even tourism. Each year, they generate billions of dollars, providing the regime with essential resources…

As blackouts continue to cripple Cuba and fuel growing public discontent, China is leveraging the island’s worst energy crisis in decades to deepen its dependence on Chinese-made solar technology. By supplying photovoltaic panels, inverters, specialized equipment, and technical assistance, Beijing is establishing an increasingly important position in a sector critical to restoring Cuba’s electrical system while expanding its strategic influence…

As Caribbean countries accelerate their energy transition, China is steadily expanding its presence in the region’s renewable energy sector, particularly in solar power. Between 2020 and 2024, Chinese exports of green technologies to the Caribbean grew by more than 570 percent. At the same time, this expansion has raised concerns about project transparency, growing technological dependence, and the possibility that…

As Canadian company Sherritt International’s participation in Cuba’s nickel sector faces a period of uncertainty after initially announcing plans to withdraw from one of its joint ventures with the Havana regime, China is steadily expanding its technological support for the island’s mining industry. The introduction of Chinese-supplied equipment to modernize aging facilities is helping keep one of the Cuban regime’s…