Deltec Initiatives Foundation Establishes Family Island Scholarship at UB

Deltec Initiatives Foundation Establishes Family Island Scholarship at UB

22nd August 2019



Nassau, THE BAHAMAS – The Deltec Initiative for Scholarship & Education has established a scholarship tenable at University of The Bahamas to provide academic financial assistance to young Bahamian students from the Family Islands who possess extraordinary scholastic talent and require financial assistance to enable them to pursue a tertiary education.

On Wednesday, 21st August 2019, Mrs. Tanya Carey, Chief Financial Officer of Deltec Bank & Trust Limited and Director of the Deltec Initiatives Foundation, announced the partnership during the signing of an MOU for the Deltec Initiatives Foundation Scholarship Award.

She expressed the Foundation’s commitment to provide access to tertiary education.  “Deltec advocates for promising and deserving young Bahamians who desire to pursue higher education but require assistance to achieve this noble goal.”

Mrs. Carey also introduced the first ever Deltec Scholar, Aaliyah Adderley. “This Scholarship award is in recognition of the exceptional academic achievement, student leadership and personal excellence that Aaliyah, a Long Island native, demonstrated during the course of her secondary education, and the outstanding positive impression that she made on our board of directors during the interview process.”

The Deltec Foundation will provide financing up to full coverage of tuition and appropriate fees related to the degree programme, for up to four years of study at the University. All students graduating from public high schools in the Family Islands may apply for the Scholarship.

Speaking on behalf of University of The Bahamas, Mr. Dino Hernandez, Vice President of Institutional Advancement conveyed UB’s gratitude to Deltec for this noteworthy initiative.

“On behalf of University of The Bahamas, we are deeply appreciative of this gift from the Deltec Initiatives Foundation, said Mr. Hernandez.

He further reiterated the importance of scholarships curated exclusively for Family Island students given the unique circumstance many of them have to face to pursue tertiary education.

“UB Family Island students are special to us, they possess extraordinary scholastic talents and tenacity to travel and acclimate to either our New Providence or Grand Bahama campus in pursuit of their tertiary education. The assistance rendered through this generous gift alleviates some of the pressure they and their families may experience,” Mr. Hernandez shared.

Aaliyah expressed her gratitude for the generosity of Deltec Initiatives Foundation and UB.

“I would like to extend my thanks and appreciation to Deltec Bank for such a wonderful opportunity and to the University of The Bahamas for considering my application and accepting at this prestigious university. During my tenure here and through my future professional career I will make myself proud, my mom proud and everyone that has assisted me in my journey thus far.”

A shining example of corporate social responsibility, the Deltec scholarship prepares a diverse group of young leaders to build a more resilient Bahamas as we prepare students for a better life in a global society. The future of our nation’s future growth and development hinges on our ability to provide access to higher education to students across the archipelago.



Office of University Relations
University of The Bahamas
2nd Floor, Michael H. Eldon Complex
Oakes Field Campus
P.O. Box N-4912
Nassau, The Bahamas
Tel: (242) 302-4355/4354/4366


Chartered on 10th November 2016, University of The Bahamas (UB) is a beacon for national transformation. Approximately 5,000 students are enrolled in the University of The Bahamas system which includes campuses and centres on New Providence, Grand Bahama, San Salvador and Abaco, as well as UB online education. UB’s diverse academic programmes, research engagements, athletics and leadership development experiences equip our students to become global citizens in a dynamic world. For more information, visit