Day: January 26, 2018

‘We cannot allow it to fail’: councillors agree to underwrite £500,000 loan to government’s own hotel

After voicing misgivings about risk, unfairness and public distrust, St Helena’s councillors have agreed to underwrite a half-million pound loan to the government’s own hotel. The money is needed partly to pay the contractor for converting run-down offices into four-star luxury accommodation at 1, 2 and 3 Main Street in Jamestown. Councillor Cruyff Buckley said he …

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Conflict claims ‘unfair’ to Dax Richards, says chief secretary

Allegations that St Helena’s financial secretary is tied up in conflicts of interest are “grossly unfair”, legislative councillors have been told. Chief secretary Roy Burke defended Dax Richards after concerns were raised by the island’s public accounts committee. They resurfaced during yesterday’s debate over whether St Helena Government should underwrite a £500,000 bank loan to its …

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