Global Ports Holding, the world’s largest independent cruise port operator, has donated $10,000 to the Nassau Night Market. This initiative, which is the brainchild of Bahamian entrepreneur, Brandon Kemp, is a weekly activity held on Saturday nights at Market Slope near the World-Famous Straw Market. From
“Brandon is a great example of an enthusiastic, bright young person who is full of ideas that can change the world. We want to support that kind of effort. Young people are the future of every nation, and investing in projects like the Nassau Night Market helps to secure that future.” said Colin Murphy, Head of Business Development in The Americas at Global Ports Holding. Mr. Murphy also shared more about the company’s interest in helping Bahamian entrepreneurs to succeed. “If we are successful in our bid to operate Prince George Wharf, our plan includes providing $28 million in immediate contributions to local stakeholders. About $5 million of that would be provided through micro loans to help entrepreneurs and small business people learn about ways to develop and enhance their products, improve the performance of their businesses, and expand. Another $2 million would be earmarked for supporting local artisans and farmers through the Bahamas Agricultural and Industrial Corporation (BAIC).”
Global Ports Holding is also committed to ensuring that as many Bahamians as possible have a stake in the port project, if it is selected as the preferred bidder. “It’s important to us that Bahamians actually have ownership of their own port. We’re committed to offering Bahamians $10 million in interest-free equity loans through the Bahamas Investment Fund, which we would create, if we are chosen as the preferred bidder. Through the Fund, over 20,000 Bahamians would have an opportunity to invest in the project.”According to analysts at CFAL (formerly Colina Financial Advisors Limited), over 1,000 of its investors have already confirmed interest in subscribing to the Fund if Global Ports Holding wins the bid.