Connect with us

Bahamas News

Bahamas: Statement on the Passing of Sir William Allen, KCMG

Published

on

Sir William Allen at a ribbon cutting ceremony of The Bahamas Ministry of Finance, May 2012

#Nassau, The Bahamas – January 6, 2021 – Along with his former colleagues and many Bahamians, I was saddened today to learn of the death of Sir William (Bill) Allen, KCMG.

Sir William loved his country.

Sir William Allen, former Bahamas Central Bank Governor, former Minister of Finance and former Member of Parliament and Senator, passed today Jan 6

He was one of the most accomplished Bahamians of his generation.

He joined the Bahamas Monetary Authority as Manager of Research in 1970. He was named Deputy Governor of the Central Bank, the successor to the Authority, in 1974.

Sir William became Governor on June 1, 1980 on the resignation of Mr. Timothy Baswell Donaldson from the post, serving until his retirement in 1987.

Sir William was called to further service of his beloved Bahamas when the Free National Movement (FNM) won its historic first victory in August 1992. Having one of the best financial minds ever produced in our country, he was appointed to the Senate and served as Minister of State in the Ministry of Finance and Planning.

In November 1994, Sir William was elected to the House of Assembly for the Montagu constituency. Upon his election he was appointed Minister of Finance, a position he held until May 2002. Her Majesty Queen Elizabeth II knighted him in 2000 in her New Years Honours List for his service to banking, civics and politics.

Sir William was instrumental in the Cabinet of The Bahamas in helping to transform The Bahamas after the Free National Movement’s win in 1992.

The Bahamas was stagnant before the change of Government. The leadership of the Ingraham Administration, of which Sir William was a key part, led to record economic growth, infrastructure expansion across the country and the rebound of our international reputation.

The investments in the tourism sector and expansion of the Bahamian economy due to the policies of that Administration created new opportunity for tens of thousands of Bahamians. The Bahamas was fundamentally bettered by Sir William’s service.

He was a man of integrity who gave his all to his country. I also wish to express my gratitude for his advice and assistance when I served as Leader of the Opposition. On behalf of the Government and people of The Bahamas, and on my own behalf, and that of my wife, Patricia, I offer condolences to Sir William’s wife, Aloma, his children, siblings and other family members and his many friends and former colleagues.

The Bahamas has lost a distinguished statesman. May he rest in peace.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

Bahamas News

Bahamas economic growth

Published

on

Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

Continue Reading

Bahamas News

C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

Published

on

World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

Continue Reading

Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

Published

on

RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

Continue Reading

FIND US ON FACEBOOK

TRENDING