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Nature positive technology, Bahamas partner with Actor to build carbon eating houses 

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Dana Malcolm 

Staff Writer 

 

#TheBahamas, November 14, 2022 – Houses that breathe are coming to The Bahamas thanks to a new climate-focused partnership between the government and former NBA champion and actor Rick Fox.

Canadian-Bahamian Fox heads Partanna Global, a housing initiative that aims to create ‘carbon negative’ communities with the help of building material that absorbs carbon and will see the company investing $50 million into the Bahamian economy.

The company’s website says the project in The Bahamas is the first step in laying the foundations for the future we need to build and that future is ‘a world that breathes’.

The housing complex will be the first of its kind in the world; in a statement on Monday, November 7, Phillip Davis, Bahamas Prime Minister described the partnership, signed at COP27 in Egypt as, “Both an exciting innovation in helping to reduce carbon, and for The Bahamas, a path to sustainable, long-term adaptation in the face of climate change.”

“This arrangement satisfies two key priorities of the Government of The Bahamas: firstly, to provide affordable, sustainable housing in The Bahamas, and secondly, to meet the carbon priorities of the country,” Davis said.

Partanna is not just the company but the name of the material that will make up the houses.

The company says one 1,250 sq ft cement home emits 70.2 tons of CO2 while the Partanna-made equivalent absorbs 22.5 tons of CO2. The secret the company says is the makeup of the product. Created from sea brine and recycled steel, Partanna houses can withstand hurricane-force winds that destroy traditional CMU-constructed homes, and as Partanna is made with brine, it gets stronger through exposure to saltwater.

Davis says initially Partanna will be allowed to build 30 homes in a pilot project, and then the company must provide proof of verification for the Carbon Credit (CER) in relation to the technology used in the construction of the homes.

A single CER represents one tonne of CO2 that a company is allowed to emit, and the amount of carbon credit bought represents the amount of carbon a company can emit acting as a cap on emissions. Companies and even regular individuals around the world can buy carbon credits by choosing an environmental project, paying to support that project and receiving their attestation.

Once Partanna provides attestation of their carbon credits to offset the building process they will be allowed to build 1,000 more homes over three years in The Bahamas.

Davis explained that this will come full circle as Partanna technology is forecast to become one of the environmental projects people can pay to support, generating approximately 260 of the highest-valued carbon credits on the market, per home.

Founders Rick Fox and Sam Marshall say the inspiration came from shared experiences of extreme weather events, Fox from his time growing up in The Bahamas, where tropical storms were a constant and Marshall who hails from California which is plagued with more frequent and widespread wildfires.

Davis said this was part of the country’s fight against climate change.

“We are not the polluters, not the ones emitting the carbon, and yet we are already suffering the worst impacts of climate change. We heeded our own call, and resolved to act to do whatever we could, to help avert a climate-based disaster.”

Davis said he was pleased that Rick Fox, a Bahamian, accepted his invitation to bring his industry home to The Bahamas.

The project will provide jobs for at least 100 Bahamians, and Partanna “will provide training in the new skill sets required to create the foundation of this new global industry, with The Bahamas leading the way.”

Bahamas News

Bahamas economic growth

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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.

 

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Bahamas News

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

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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.”

 

 

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Bahamas News

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

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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.

 

 

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