July 5, 2022
EDISON SUMNER
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$1m helping hand just the start for Andros
THE Bahamas Entrepreneurial Venture Fund has contributed about $1m to Andros businesses, according to Edison Sumner.
‘Permit restricted US dollar holdings without approval’
Bahamians should be permitted to hold a limited amount of US dollars in their account without needing Central Bank approval as part of wider reforms to the commercial banking industry, a report has recommended.
Collateral Registry hailed as a ‘tremendous move’
The Central Bank’s plan to boost small business access to financing by creating a movable Collateral Registry was yesterday hailed as “a tremendous step in the right direction” provided it is accompanied by the necessary training.
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