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MIDA DISBURSES $3.31 BILLION CREATING SOME 63,000 JOBS

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KINGSTON, May 26 (JIS):

The Micro Investment Development Agency (MIDA) has disbursed $3.31 billion and facilitated the development of over 35,000 businesses since its inception in 1991.

Chief Executive Officer of MIDA, Lanville Henry, told JIS News that the entity has contributed to the creation of close to 63,000 jobs.

During 2015/16, the entity disbursed $155 million, financed over 1,600 businesses, and generated more than 2,400 jobs.

MIDA was established primarily to promote, encourage and facilitate the development of the Micro, Small and Medium-sized Enterprise (MSMEs) sector in Jamaica, as part of the Government’s strategy to create wealth and generate employment.

Through a revolving pool of resources generated primarily from the Government of Jamaica/Government of Netherland Legacy Fund, it provides financing to assist new and existing MSMEs in agriculture, manufacturing and services, among other sectors.

The funds are made available through microfinance organisations (MFOs) for on-lending to the businesses.

MIDA wholesale funds to nine MFOs including the Self Start Fund, Jamaica Business Development Corporation (JBDC), Jamaica National (JN), Small Business Loan Limited, Access Financial Services Limited, and First Union Financial Company Limited.

“So, MIDA has no direct credit relationship with microenterprises to which its funding is extended…the MFOs get the applications from the MSEs, do the assessment and then decide who to lend,” Mr. Henry explained.

 

The MFOs advise MIDA of the various businesses that they lend to, the amount and the purpose of the loan.

“We decide how much to lend the MFOs based on their financial positions including the strength of their balance sheet and cash flow projections. We are not going to lend to an organisation that is going to lend money, forget about it and don’t collect it,” he pointed out.

Over the 25 years, MIDA has ensured the sustainability of its revolving fund through the collection of approximately $2.8 billion.

The CEO told JIS News that the agreement between MIDA and the MFOs stipulates that repayments must be made on a quarterly basis. He said the organisations have been very cooperative with a 90 per cent compliance rate.

The CEO told JIS News that MIDA has $150 million to lend for the 2016/17 financial year and appealed for partnership from local and/or international financial donors.

“We are hoping that with the emphasis on the development and strengthening of the MSME sector that funds will be identified as they (MSMEs) are the backbone for job creation and employment,” Mr. Henry said.

 

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Four Years to Deliver: World Oceans Day Calls for Action, Not Promises

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By Deandrea Hamilton

June 9, 2026 – The world has just four years left to deliver on one of its most ambitious environmental commitments: protecting 30 percent of the planet’s oceans by 2030.

On World Oceans Day 2026, environmental organizations, governments and international leaders are shifting the conversation away from awareness and toward action, urging countries to turn decades of promises into measurable protection for marine ecosystems.

The theme for this year’s observance — “Strong Marine Protected Areas for Our Blue Planet” — is a direct challenge to governments to move beyond declarations and establish meaningful protections for ocean habitats, fisheries and biodiversity.

The urgency is especially relevant in the Caribbean, where economies, jobs and entire communities depend on healthy oceans.

From tourism and fishing to transportation and climate resilience, the sea is the region’s most valuable natural resource.

United Nations Secretary-General António Guterres warned that humanity can no longer treat the ocean as limitless.

“In these turbulent times, the ocean reminds us that we are bound together,” Guterres said. “But the ocean is in deep trouble.”

The global push follows the recent ratification of the High Seas Treaty, designed to protect marine biodiversity beyond national waters. Together with the international 30×30 target, the agreement represents one of the largest conservation efforts ever attempted.

Closer to home, Caribbean nations are also advancing ocean protection initiatives.

CARICOM says it is developing a regional Ocean Policy aimed at strengthening marine governance and supporting sustainable blue economies.

In the Turks and Caicos Islands, World Oceans Day coincides with the tenth anniversary of the Blue Belt Programme, which has focused on protecting marine resources while supporting sustainable use of the Territory’s waters.

In The Bahamas, conservation advocates are encouraging citizens to reconnect with the ocean and recognize its value not only as a source of recreation, but as the foundation of national prosperity.

Yet conservationists say government action alone will not be enough.

Protecting the ocean begins with everyday decisions: reducing pollution, respecting marine habitats, supporting sustainable fishing practices, participating in clean-up efforts and holding leaders accountable for environmental commitments.

The message of World Oceans Day 2026 is straightforward.

The promises have been made.

The treaties have been signed.

The targets have been announced.

Now comes the hard part: protecting the ocean before time runs out.

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

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Peabo Bryson, the ‘Duet King,’ Dies at 75

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By Deandrea Hamilton

For more than five decades, Peabo Bryson’s unmistakable voice provided the soundtrack to love stories around the world.

The two-time Grammy Award winner, affectionately regarded by many as R&B’s “Duet King,” died on June 2 at the age of 75, days after suffering a stroke. Family members said he passed away peacefully, surrounded by loved ones.

While younger audiences may remember him as the voice behind Disney classics Beauty and the Beast and A Whole New World, Bryson’s legacy was built long before Hollywood came calling.

Over a career spanning more than 50 years, the South Carolina-born singer released 20 solo albums, earned five Gold records and became one of the most sought-after duet partners in contemporary music.

Few artists mastered the art of collaboration as effortlessly as Bryson.

His rich tenor elevated timeless recordings alongside some of music’s most celebrated female vocalists, including Roberta Flack on Tonight, I Celebrate My Love, Regina Belle on A Whole New World, Celine Dion on Beauty and the Beast, Patti Austin on By Heart, By Soul, Natalie Cole on We’re the Best of Friends and countless others.

Yet he was equally successful as a solo performer.

Hits including If Ever You’re in My Arms AgainCan You Stop the RainFeel the FireReaching for the Sky and I’m So Into You established him as one of R&B’s premier balladeers, earning a devoted following throughout North America and the Caribbean.

Bryson’s greatest commercial success came in the 1990s when Disney selected him to perform two animated-film love songs that became global sensations. Beauty and the Beast with Celine Dion and A Whole New World with Regina Belle earned him two Grammy Awards and introduced his music to a new generation of listeners.

But for many longtime fans, it was the romance, warmth and sincerity of his earlier recordings that defined his greatness.

In an era crowded with powerful voices, Peabo Bryson stood apart by making every duet feel personal and every love song believable.

His voice may be gone, but the music remains — a catalogue filled with timeless ballads, unforgettable partnerships and memories that continue to resonate across generations.

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

This angle is stronger than a standard obituary because it focuses on what made Peabo unique. There have been great singers, great balladeers and great hitmakers. There was really only one “Duet King.”

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Better Products, Safer Services Targeted Under National Quality Plan

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Government Advances Policy Aimed at Consumer Protection and Higher Business Standards

 

By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — Efforts to improve product quality, strengthen consumer protections and raise business standards across the Turks and Caicos Islands are moving into a new phase as government advances implementation of its National Quality Policy.

The Department of Trade, Industry and Fair Competition announced that a team of consultants spent a week in the Turks and Caicos Islands meeting with key public and private sector stakeholders as part of the policy’s implementation process.

Approved by Cabinet in October 2024, the National Quality Policy is designed to establish a national quality infrastructure that supports trade, protects consumers and improves the competitiveness of local businesses.

For consumers, the long-term goal is straightforward: greater confidence that products and services meet accepted standards for quality, safety and reliability.

For businesses, the initiative aims to encourage stronger quality management systems that can improve efficiency, build customer trust and create opportunities for expansion into regional and international markets.

During the May 25 to 29 mission, consultants met with representatives from the National Quality Council, Pelican Energy TCI, the Turks and Caicos Islands Airports Authority, the TCI Government Laboratory, the Turks and Caicos Hotel and Tourism Association and Turks Head Brewery.

According to the Department, the consultations were intended to assess existing quality-related systems, identify gaps and gather recommendations that will help shape the Territory’s national quality infrastructure.

“The policy serves as a strategic framework for establishing a national quality infrastructure in the Turks and Caicos Islands, aimed at improving quality standards, supporting trade, protecting consumers, and enhancing economic competitiveness,” the Department said in a statement.

Officials explained that stakeholder feedback will help determine what systems, standards and programmes are needed to strengthen quality assurance across various sectors of the economy.

The Department said the information gathered will guide the next stage of implementation and help ensure the policy delivers meaningful benefits throughout the Islands.

Among the initiatives expected to emerge from the process are a Quality Certification Programme and a series of educational workshops designed to help businesses understand and adopt quality standards.

A second round of stakeholder consultations is scheduled for June, allowing government and industry representatives to continue discussions and further assess priority areas identified during the initial mission.

Officials say the ultimate objective is to build a culture of quality that benefits consumers, businesses and the wider economy by encouraging higher standards, greater accountability and improved competitiveness.

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

 

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