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Bahamas Development Bank and UN Women Launch $2M Low-Interest Programme

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Nassau, Bahamas, August 19, 2024 – Micro, small, and medium enterprises (MSMEs) owned, led by, or of benefit to women, youth, and persons with disabilities will have access to 0 to 2 percent low-interest loans starting this month.

The Bahamas Development Bank (BDB) and the United Nations Entity for Gender Equality and the Empowerment of Women Multi-Country Office – Caribbean (UN Women MCO Caribbean) recently signed a partnership agreement to provide the new, dynamic concessional financing to agriculture, sustainable tourism, and creative businesses.

UN Women, through project funding from the Joint Sustainable Development Goals (SDG) Fund, will be investing 100,000 USD into the low-cost loan product developed by BDB.

Nicholas Higgs, BDB’s Managing Director, described the financial product as a “game-changer” for The Bahamas.

“By providing low-interest loans to MSMEs, we are empowering local businesses to thrive, innovate, and contribute significantly to our economy. This initiative not only supports economic growth but also promotes social inclusion by targeting underrepresented groups such as women, youth, and people living with disabilities. It is a pivotal step towards a more equitable and prosperous future for our nation.”

Mr. Higgs added, “Loans are useful for business growth. This new product allows businesses to scale up production, improve products, stay competitive, enter new markets or take advantage of growth opportunities.”

Loan applications will be accepted until 13 September 2024. The concessional financing allows businesses to access the 0 to 2 percent interest rate for the first two years. Financing beyond the two-year period or exceeding $100,000 will be subject to standard BDB interest rates.

The loans are made possible through blended financing, a mechanism which uses public and development funds to subsidize interest rates on traditional loans taken by the Bahamas Development Bank.

Tonni Brodber, Representative UN Women MCO Caribbean said, “For many businesses, access to loans can mean the difference between staying small or achieving significant growth, driving innovation and economic development in their communities.”

“A major focus for this fund is supporting women and young entrepreneurs in overcoming existing financing gaps to support their full and equal economic and social participation. Recognizing that women are less likely to take out loans when compared to men, closing the gap between the need for financing and the access to financing is crucial for women entrepreneurs to overcome economic challenges, enhance their financial independence, and enable women to contribute to the overall economic development and job creation in The Bahamas.”

The Bahamas Development Bank and UN Women have been in partnership through the Joint SDG Fund Building Back Equal through Innovative Financing for Gender Equality and Women’s Empowerment Programme since 2022. It is being jointly implemented in The Bahamas and Bermuda by BDB, the Ministry of Youth, Social Development and Seniors in Bermuda, and four United Nations agencies including UN Women, United Nations Educational, Scientific and Cultural Organization (UNESCO), Food and Agriculture Organization of the United Nations (FAO), and United Nations Development Programme (UNDP). The programme is scheduled to run until 1 October 2024.

Interested applicants can visit https://bahamasdevelopmentbank.com/funding-programs/sdg-concessional-loan-fund/  or email info@bdb.gov.bs for more information.

 

Photo Caption:

Pictured from left to right are Bahamas Development Bank  (BDB) Deputy Managing Director, Dave Munroe; BDB Managing Director, Nicholas Higgs; UN Women MCO Caribbean Representative Tonni Brodber and  UN Women MCO Caribbean Private Sector Specialist Gayle Gollop.

 

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Mother’s Pride Headlines Bahamian Takeover at Sixers-Heat Clash in Miami

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The Bahamas, March 30, 2026 – The voice of a proud mother captured the spirit of a nation Monday night, as Bendra Rolle shared heartfelt reflections on the overwhelming Bahamian support for her son, VJ Edgecombe, during the Philadelphia 76ers matchup against the Miami Heat in Miami.

“The patriotic support and scenery at my son, VJ Edgecombe’s NBA game… was overwhelming,” Rolle said in a statement issued following the game. “The arena in Miami was lit. Bimini and the Bahamas showed up and showed out.”

Her words come amid what has already been widely described as a remarkable showing of national pride, with Bahamians traveling in large numbers to South Florida to witness the young guard’s continued rise. For Rolle, however, the moment extended far beyond basketball.

“Beyond VJ’s basketball talents, I’m so moved by his magnetic personality and personal journey to inspire and excite an entire nation—our beloved Bahamas,” she said. “I thank God for VJ’s humility and for his hunger for greatness. He never forgets how far God has brought us.”

While the Sixers did not secure the win on the night, Edgecombe delivered a solid individual performance, finishing with 13 points and five assists. He made an early impact on the game, showing confidence and poise before foul trouble disrupted his rhythm, but still managed to leave his mark in meaningful minutes.

The game itself evolved into a cultural showcase, with Bahamian flags waving throughout the arena and chants ringing out in support of Edgecombe. Much of that presence was bolstered by a coordinated travel push from Bahamasair, which helped facilitate fan travel and added to the electric atmosphere in Miami.

Rolle said the emotional weight of the moment was deeply felt by her family, as they witnessed firsthand the unity and pride of the Bahamian people.

“Thanks and love for the tears and overwhelming joy on Monday, Bahamas,” she expressed. “The Bahamian flags were love, loud, and proud. On my own behalf, VJ, and the entire family, I am ever grateful for the indescribable experience.”

Her closing words underscored what many have described as the true victory of the night—not the final score, but the powerful display of national pride and support surrounding one of The Bahamas’ rising stars.

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Bahamasair Backs Surge as Bahamians Flood South Florida for V.J. Edgecombe Showdown  

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PHOTO BY SIXERS NATION

 

Bahamian pride is already on full display in South Florida, with fans arriving in strong numbers ahead of tonight’s highly anticipated NBA matchup featuring VJ Edgecombe and the Philadelphia 76ers.

Helping to power that movement was Bahamasair, which rolled out a strategic promotion to facilitate travel, turning the game into a full-scale national showing.

And the celebration started early.

A “Bahamas Invades Florida” pre-party over the weekend set the tone, with Bahamian fans, DJs and supporters converging in Fort Lauderdale to build momentum ahead of the game.  The event, marketed as a major cultural gathering, has spilled into Miami, where a strong Bahamian presence is expected inside the arena tonight.

This is no ordinary road game.

The Sixers enter the matchup healthy and are favoured to win, adding to the anticipation surrounding what many expect to be a standout performance by the Biminite guard.

Edgecombe, the third overall pick in the 2025 NBA Draft, has been electric in his rookie season — delivering high-scoring performances and quickly establishing himself as one of the league’s most exciting young talents.

But beyond the stats, it’s the moment that matters.

With South Florida just a short flight away, Bahamians have seized the opportunity to show up in force — flags, energy and all — transforming the game into something far bigger than basketball.

A national turnout.
A rising star.
And a night where the Bahamas is expected to be felt — from tip-off to final buzzer.

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

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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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