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Bacardi pledges massive support for the economic recovery of Grand Bahama Small Business Sector

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#Freeport, Grand Bahama, Bahamas – February 19, 2020 — Micro and small businesses impacted by Hurricane Dorian received positive news on Friday, January 31st that additional support is available to assist them with post-storm recovery efforts. Executives of The Grand Bahama Port Authority, Limited (GBPA), Mercy Corps International (MC), and the American Red Cross (ARC) welcomed executives of Bacardi Limited as an official supporting partner of the Hurricane Dorian recovery efforts.

The group visited Grand Bahama for a ceremonial signing and press conference, announcing the nearly $1M in support for economic recovery. The initiative is open to all small businesses affected by Hurricane Dorian, and Bacardi funding will specifically target businesses within the hospitality and tourism sectors.

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“Bacardi has pledged to put close to $1M behind the relief and reconstruction plans in Grand Bahama through our partnership with Mercy Corps and the Grand Bahama Port Authority. We aim to directly support more than 40 businesses, helping them to rebuild and stand on their own two feet, and to support hundreds more with access to training,”

Mahesh Madhavan, CEO for Bacardi Limited expressed. “I’m very honored and privileged to be here speaking on behalf of Bacardi and to show our support for the people of Grand Bahama.”

The iconic global organization joins implementing partners, GBPA and Mercy Corps, on the RISE Grant Initiative which launched in early December 2019. RISE has already awarded approximately $160k in recovery grant funding to-date, and recipients will also receive a training programme and access to Mercy Corps’ pioneering mentorship platform, MicroMentor.

File Photo: RISE initiative

Thanks to the contribution from Bacardi and others, the initiative can now support 200 business owners, doubling the original target.

“We welcome Bacardi as a new partner of the RISE programme with a specific focus on supporting businesses in the hospitality and food and beverage sectors. Their assistance will buttress an industry vertical in which we foresee significant new foreign direct investment over the coming months, and one in which we forecast sustained growth in the medium term,” cited GBPA Director, Henry St. George.

“We are all so very grateful to have Bacardi on board; their generosity will make a really meaningful impact on the revitalization of Grand Bahama’s economy.”

The partners spent time discussing the needs of the small business sector with a group of successful grant applicants including Stephanie Ferguson, president, and Buffie Dorset, partner at Phoenix Brokerage & Shipping; Sherica Smith Pinder, co-owner of Shabo’s Conch Salad; Charles Wayne Hall, owner of Local Organics and Capt. Patrick Cartwright owner– Triple-A Boatcare & Maintenance. Mr. Madhavan shared the story of family-owned Bacardi and offered encouragement and hope to the group of entrepreneurs.

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The initiative provides grants of up to $10,000 in business recovery funding for eligible businesses. Cohort III is now in process and accepting applications; the deadline to submit for this round is noon on Friday, 7th February. Partners encourage businesses across Grand Bahama that fit the selection criteria, to apply at www.risegbpa.com.

“We’re excited to be teaming up with such talented partners to support the recovery of communities and small business owners in Grand Bahama,” explained Michael Bowers, Vice President Humanitarian Leadership for Mercy Corps.

“Working together, we believe we can connect small business owners to the tools and resources they need to rebuild and grow,” he concluded.

PRESS RELEASE: GBPA

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Bahamas News

Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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