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NIF records $2b loss for 2023

Witco profit up to $92m in three months

Witco profit up to $92m in three months
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Working group on illicit tobacco meets on Monday

Working group on illicit tobacco meets on Monday
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National Investment Fund up to $9 3b

National Investment Fund up to $9.3b Thursday 1 April 2021 Republic Bank s branch in Rio Claro. The National Investment Fund owns 26 per cent in the Republic Bank group. - Photo by Marvin Hamilton The value of the National Investment Fund rose to $9.3 billion in 2020, an increase of $1.3 billion since it was set up in mid-2018, chairman Vishnu Dhanpaul reported. Although the amounts are at lower levels due to the economic impact of the covid19 pandemic, Dhanpaul noted the fund has received a steady stream of dividend payments from investments in Republic Bank, Angostura Holdings, West Indian Tobacco Co Ltd (Witco), One Caribbean Media Ltd (OCM) and Trinidad Generation Unlimited (TGU).

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