Connect with us

Bahamas News

Richea Always knew what she wanted, So she calculated her course now her ‘coffers’ are overflowing

Published

on

By Rashaed Esson and Deandrea Hamilton

Editorial Staff

 

 

#TheBahamas, March 16, 2023 – The Bahamian native, Richea Haygood, born and raised in Nassau, is among today’s group of women who are breaking the glass ceiling in the professional world.

Richea’s road to excellence is nothing short of inspiring. She tells me that her purpose was relatively clear at a tender age, that is to accomplish great things in all aspects of her life including accounting. She told a short story of her skills in money management as a little girl in light of her early realisation of her place in the world.

“I had great money management skills even as early as 6th grade.  For my graduation trip, we had this week of activities. I literally initiated a payment plan with my teachers, and I covered my entire week’s cost. My parents did not put anything into it.”

Couple this uncommon foresight with parents who consistently told her that life would be what she made of it, that she was gifted with the ability to accomplish whatever it is she wanted . 

Richea grabbed hold of those repeated refrains and took charge in a most uncommon way.  The young woman, just weeks away now from graduating with her Bachelor’s Degree, believes she is living her dream due to old fashioned passion and determination.

After graduating from the Kingsway Academy High in Bahamas in 2019, where she was Head Girl, Richea immediately reached for greater opportunities.  A part of a larger vision was her high school success and in those critical years, a plan was designed.

She easily reflects on the day she attended a college fair where a previous president of the Harris-Stowe State University   captured her attention; it appears the feeling was mutual as Richea next made history, becoming one of the first international students to be flown out to Harris-Stowe’s student acceptance day.

Richea explains that almost instantly, she had a liking for the small, family-oriented university, and decided to enrol.

She was then awarded a full ride scholarship to Harris-Stowe State University.  Harris-Stowe was established by the St. Louis Public Schools in 1857, making it the first public teacher education institution west of the Mississippi River and the 12th such institution overall.  Harris-Stowe has evolved much since the time when segregation was the order of the day, it is now an illustrious institution for ambitious bright minds, of all diversities and ethnicities.

In her freshman year, Richea chose to ease into her new life; this she said allowed her to adjust to university living. By her sophomore year,  she started amped up involvement. Strategically, Richea began to expand her network with the faculty and the Anheuser Busch school of Business, and here the trend for success and outstanding accomplishments continued.

In April of 2021, she was a student worker in the Department of Institutional Advancement and, in the same year, up to 2022, she interned with Deloitte and Touch, LLP Chicago Illinois in Audit and Assurance.

Richea was selected for the internship; beating out dozens of others for a coveted spot in a world class accounting firm.

In that same period, she again took the position of student worker at her university in the Department of Business and Financial Affairs, and today, she is the Accounting Office CFO.

But successful internships were not new for this young stand out.  In 2019, before venturing to the United States,  Richea interned at KPMG in Nassau, Bahamas.

Behind all of that experience at the young age of 21, Richea has a mountain of notable achievements including the National Award for the highest A, in the Bahamas Bookkeeping and Accounting examination.

Also, during her graduation year, Richea Haygood earned and won first place in KPMG’s accounting bowl.

By 2021, she went on to receive the Backpack to Briefcase St. Louis, Missouri, Larry Blue Jr. Leadership Award for exhibiting exceptional leadership qualities and professional development. She even received a scholarship from Wells Fargo, a financial services company in the US, for exemplified outstanding academic achievements and this is no surprise since she got Provost Honors after maintaining a cumulative GPA between 3.5 and 4.0.

Not only that, but she was also a part of Deloitte’s Emerging Leaders programme last April in Texas and was one of the scholarship recipients rewarded with $10,000. Proof that firm commitment to education and purposeful pursuits do pay!

Only this year, Richea was inducted into the National Society of Leadership and Success, the largest leadership honours’ society in the United States.  Also, regarding her application for an all-expenses paid leadership training session in Washington DC, she was pumped to know that it was successful.  The Association of Government Accountants of the United States selected Bahamian, Richea Haygood, as one of fifteen exceptional, up and coming business professionals from across the collegiate world to attend the conference this past February.

While all of this was happening, Richea was still honing her skills and expanding her experience through voluntary activities. She volunteered at: her University as Sophomore class treasurer in the Student Government Association, the Xavier University in their 3M Case Competition; The National Association for the Advancement of Coloured People – HSSU Chapter; the Student Government Association as Executive Board Treasurer; Regional Business Council Mentor Network Programme; St. Louis NAACP 110th Anniversary Celebration and Annual Freedom Fund Dinner; XULA and 3M Partnering for Progress National Sales Case Competition and the Anheuser School of Business Student Ambassador.

Many would wonder where Ms. Haygood finds time for fun.  But unsurprisingly she also has a good balance between work and leisure. Despite all her hard work and accomplishments, she finds time to go out with friends.

As a young successful black woman, Richea’s goals do not only align with her personal dreams. She strives to inspire and encourage more young people to take advantage of opportunities. This has been the biggest lesson she has learned along her journey. She is also a firm believer in the saying “timing is key”, most importantly God’s timing.

Driven by the notion of creating generational wealth, Richea, like everyone around her, sees herself going far in life and it has already started. She was recently nominated for membership in Harris-Stowe’s Anheuser-Busch School of Business, Delta Mu Delta International Honor Society in Business. This is yet another fantastic feat.

Within the next five years, Richea plans to have her MBA and soundly passed her CPA exam; the Certified Public Accountant examination which is the highest rank as an accountant sets this young woman up well for her dream of becoming a top executive within Deloitte and Touche.

Landing at the top of one of the world’s most reputable and leading accounting firms was part of the plan and for Richea, it is rapidly, thrillingly becoming a part of her well-earned reality.

 

Bahamas News

Dredging Is Not Just About Size — It Is About What Is Being Destroyed, Warns Save Exuma Alliance Regarding Yntegra’s Proposed Rosewood Resort

Published

on

Save Exuma Alliance (SEA) — a coalition of Central Exuma business owners, tour operators and residents — has warned that the issue of dredging in the North Bay of Sampson Cay, Exuma, is not just about the number of acres being dredged – but what exists within the proposed dredge area. SEA describes the site as an ecological treasure trove filled with seagrass, coral, turtles and abundant marine life.

This comes after foreign developer Yntegra agreed to reduce the scope of its dredging following government warnings that it would impact The Bahamas carbon credit status, which shows the importance of the marine habitat.

“It is easy to point to other developments and say they are dredging more, but that is not comparing like with like,” SEA said in response to comparisons made by Yntegra. “If one area is largely sand with little marine life, that is very different from what we have in North Bay. Anyone who has spent time there can tell you it is filled with turtles, fish, and — critically — the seagrass and coral that provide essential habitat.”

Miami-based investment group Yntegra is seeking to construct a large-scale Rosewood-branded resort on Sampson Cay. Since its announcement, the project has generated environmental, social and economic concerns among residents and business operators in Central Exuma.

The proposed development includes dredging in North Bay, construction of a substantial seawall that would alter natural water flow, more than 100 structures, two mega yacht marinas, and an industrial dock serviced by fuel and supply ships in an area currently used by swimmers. Opponents argue that the scale and design of Yntegra’s Rosewood Exuma project are incompatible with the fragile ecosystem and cultural character of the Central Exumas.

SEA noted that the government’s Climate Change Unit has also raised concerns about the environmental cost of dredging associated with Yntegra’s Rosewood Exuma project.

“The government has acknowledged that this is an area of significant importance,” SEA said. “While the financial implications are serious, for us here in Exuma this is about more than money. It underscores how valuable this marine ecosystem is — the seagrass, coral and marine life that make Exuma exceptional. This is what attracts visitors from around the world. We should not minimize the concern by comparing this bay to areas that do not have the same remarkable underwater ecosystem. It is simply not the same.”

Experienced boat captain Tito Baldwin also questioned the feasibility of the marine infrastructure proposed as part of this plan. He warned that the dredging currently outlined would not be sufficient to accommodate the vessels required to service the project.

“It’s going to have to be at least four times larger than what has been proposed,” Baldwin said. “As designed, it is beyond possibility.”

He explained that vessels supplying fuel, construction materials and provisions for a projected 300-person workforce would require significantly greater depth and maneuvering space.

“For supply vessels delivering hundreds of thousands of gallons of diesel, you’re looking at ships with a 10-foot draft,” Baldwin said. “To operate safely, you would need at least 13 feet of depth. That means dredging far deeper than what has been proposed. With currents running east and west in that area, you would also need a much wider turning basin to maneuver safely. As it stands, it would be extremely difficult, if not impossible.”

SEA is urging individuals concerned about the environmental impact of dredging connected to Yntegra’s Rosewood Exuma project to visit www.saveexumaalliance.org for more information. A petition calling for a halt to approvals is also available on the site, with more than 7,100 signatures collected to date.

Continue Reading

Bahamas News

Groundbreaking for Grand Bahama Aquatic Centre

Published

on

PM: Project delivers on promise and invests in youth, sports and national development

 

GRAND BAHAMA, The Bahamas — Calling it the fulfillment of a major commitment to the island, Prime Minister Philip Davis led the official groundbreaking for the Grand Bahama Aquatic Centre, a facility the government says will transform sports development and create new opportunities for young athletes.

Speaking at the Grand Bahama Sports Complex on February 12, the Prime Minister said the project represents more than bricks and mortar — it is an investment in people, national pride and long-term economic activity.                                                                                                                                                    The planned complex will feature a modern 50-metre competition pool, designed to meet international standards for training and regional and global swim meets. Davis said the facility will give Bahamian swimmers a home capable of producing world-class performance while also providing a space for community recreation, learn-to-swim programmes and water safety training.

He noted that Grand Bahama has long produced outstanding athletes despite limited infrastructure and said the new centre is intended to correct that imbalance, positioning the island as a hub for aquatic sports and sports tourism.

The Prime Minister also linked the development to the broader national recovery and revitalisation of Grand Bahama, describing the project as part of a strategy to expand opportunities for young people, create jobs during construction and stimulate activity for small businesses once operational.

The Aquatic Centre, he said, stands as proof that promises made to Grand Bahama are being delivered.

The project is expected to support athlete development, attract competitions, and provide a safe, modern environment for residents to access swimming and water-based programmes for generations to come.

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

Continue Reading

Bahamas News

Tens of Millions Announced – Where is the Development?

Published

on

The Bahamas, February 15, 2026 – For the better part of three years, Bahamians have been told that major Afreximbank financing would help transform access to capital, rebuild infrastructure and unlock economic growth across the islands. The headline figures are large. The signing ceremonies are high profile. The language is ambitious. What remains far harder to see is the measurable impact in the daily lives of the people those announcements are meant to serve.

The Government’s push to secure up to $100 million from Afreximbank for roughly 200 miles of Family Island roads dates back to 2025. In its February 11 disclosure, the bank outlined a receivables-discounting facility — a structure that allows a contractor to be paid early once work is completed, certified and invoiced, with the Government settling the bill later. It is not cash placed into the economy upfront. It does not, by itself, build a single mile of road. Every dollar depends on work first being delivered and approved.

The wider framework has been described as support for “climate-resilient and trade-enhancing infrastructure,” a phrase that, in practical terms, should mean projects that lower the cost of doing business, move people and goods faster, and keep the economy functioning. But for communities, that promise becomes real only when the projects are named, the standards are defined and a clear timeline is given for when work will begin — and when it will be finished.

Bahamians have seen this moment before.

In 2023, a $30 million Afreximbank facility for the Bahamas Development Bank was hailed as a breakthrough that would expand access to financing for local enterprise. It worked in one immediate and measurable way: it encouraged businesses to apply. Established, revenue-generating Bahamian companies responded to the call, prepared plans, and entered a process they believed had been capitalised to support growth. The unanswered question is how much of that capital has reached the private sector in a form that allowed those businesses to expand, hire and generate new economic activity.

Because development is not measured in the size of announcements.

It is measured in loans disbursed, projects completed and businesses expanded.

The pattern is becoming difficult to ignore. In June 2024, when Afreximbank held its inaugural Caribbean Annual Meetings in Nassau, Grand Bahama was presented as the future home of an Afro-Caribbean marketplace said to carry tens of millions of dollars in investment. What was confirmed at that stage was a $1.86 million project-preparation facility — funding for studies and planning to make the development bankable, not construction financing. The larger build-out remains dependent on additional approvals, land acquisition and further capital.

This distinction — between financing announced and financing that produces visible, measurable outcomes — is now at the centre of the national conversation.

Because while the numbers grow larger on paper, entrepreneurs still describe access to capital as out of reach, and communities across the Family Islands are still waiting to see where the work will start.

And in an economy where stalled growth translates into lost opportunity, rising frustration and real social consequences, the gap between promise and delivery is no longer a communications issue.

It is an inability to convert announcements into outcomes.

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

Continue Reading

FIND US ON FACEBOOK

TRENDING