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Mid-Year Budget Highlights Strides in Cellular Liberalization

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February 12, 2015 (Nassau, Bahamas) – Yesterday, Prime Minister Perry Christie delivered his Mid-Year Budget Statement to the House of Assembly. During his address, Prime Minister Christie took the time to highlight the benefits of cellular liberalization and next steps in the process of modernizing The Bahamas telecommunication industry.

Opening up the cellular market in The Bahamas will increase competition, which will provide Bahamians with affordable, reliable and widespread access to mobile connectivity.

Prime Minister Christie stated that, “the government is focused on providing quality options and affordable access to mobile and cellular services to all Bahamians.”

In November of 2014, the Cellular Liberalization Task Force published a Request for Proposals, inviting interested parties to submit. Yesterday, February 11th, marked the deadline for the submission of these proposals. The Task Force released the names of the companies who submitted proposals hours after the deadline expired. The selection process will include two phases.

The first phase of review look at the technical and financial merits of the proposal, and the second phase will consist of a cellular spectrum auction. A qualified and trained evaluation committee has been created to select the best proposal. This evaluation committee is made up of members of the Cellular Liberalization Task Force and persons with valuable professional expertise who have been working together to ensure the process improves service quality, coverage and network resiliency, affordability, and accessibility.

One major component of the evaluation criteria will be the bidders’ ability to have broad Bahamian ownership of the new company, which will ensure that decisions are made to benefit all Bahamians.

The government and the Cellular Liberalization Task Force are aiming to select and announce a successful applicant by May 2015.

Since the election in 2012, the PLP government has made strides that have steered The Bahamas in the right direction and has paved the way for a more modern country in the future.

During his address, Prime Minister Christie emphasized the, “government is committed to ensuring that ALL Bahamians benefit from the economic fruits of the country and not just a select privileged few.”

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UN Sec-Gen has special Message on Nelson Mandela Day

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Nelson Mandela showed us the extraordinary difference one person can make in building a better world.

And as the theme of this year’s Nelson Mandela International Day reminds us – combatting poverty and inequality is in our hands.

Our world is unequal and divided.

Hunger and poverty are rife.

The richest one per cent are responsible for the same quantity of planet-wrecking greenhouse gases as two-thirds of humanity.

These are not natural facts. They are the result of humanity’s choices. And we can decide to do things differently.

We can choose to eradicate poverty.

We can choose to end inequality.

We can choose to transform the international economic and financial system in the name of equity.

We can choose to fight racism, respect human rights, combat climate change, and create a world that works for all humanity.

Every one of us can contribute – through actions large and small.

I join the Nelson Mandela Foundation in urging everyone to perform 67 minutes of public service on Nelson Mandela International Day – one minute for each year he fought for justice.

Together, let’s honour Madiba’s legacy and turn our hands towards building a better world for all.

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AfriCaribbean Trade and Investment Forum (ACTIF2024) set to strengthen Africa-CARICOM linkages  

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Speakers at ACTIF will include global superstars Viola Davis, Serena Williams, Didier Drogba and African and CARICOM Heads of States

 

Nassau, Bridgetown, Georgetown, May 28, 2024 – Excitement mounts as The Bahamas prepares to host the Afreximbank Annual Meetings (AAM) and the AfriCaribbean Trade and Investment Forum (ACTIF) from 12 – 14 June 2024 in The Bahamas. Themed “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa,” ACTIF2024 is set to forge significant pathways for economic prosperity between Africa and the Caribbean.

Other distinguished speakers will include Heads of State from seven CARICOM countries, former Prime Ministers, Ministers of Trade, Economic Development and Finance, Dr. Roger W Ferguson, Former Vice Chair of the Federal Reserve, USA, Prof. Andreas Klasen, Professor of International Business and Director of the Institute for Trade and Innovation at Offenburg, and many more.

Professor Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, said: “We are witnessing shifts in the global economic landscape and the trade strategies of major economies, making it imperative for African and Caribbean nations to unite for mutual prosperity. The Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum in The Bahamas will serve as a strategic platform to enhance our economic bonds. These events indicate a vibrant assertion of our shared destiny. We are poised to harness the dynamic economic growth within our regions, enhancing our collective resilience and prosperity.”

The event promises to be a pivotal platform for high-level discussions on economic development and regional integration.

Building on the successes of the inaugural AfriCaribbean Trade and Investment Forum held in Barbados in 2022 and the gathering last year in Guyana, this year’s Forum in The Bahamas will further elevate and expand upon the discussions and initiatives previously set in motion. ACTIF2023, which focused on strengthening economic bonds and creating new investment opportunities, sets a precedent for meaningful collaboration between Africa and the CARICOM nations.

Afreximbank invites industry leaders, trade organisations and other stakeholders in the CARICOM region to participate and attend.

Registration is now open at https://2024.afreximbankevents.com.

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International Community must address conflict between Israel and Iran

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Garfield Ekon

Staff Writer

With tensions between Israel and Iran at an all-time high, a United Nations affiliated group is urging for calm and dialogue as their violent actions can cause tragic devastation on innocent civilians.

According to Heavenly Culture, World Peace, Restoration of Light (HWPL), an organisation that is dedicated to promoting peace through civilian-led initiatives, “it is a clear indication that the greatest victims of war are innocent civilians. 

How could those lost lives ever be brought back? What could compensate for the outcry of children and the anguish of the youth in devastated dwellings?,” the group noted in a media statement, adding that  the international community should  take “decisive measures” to address the conflict.

It is also advocating for the establishment of “comprehensive international laws” to safeguard peace for future generations. “HWPL remains steadfast in its commitment to fostering dialogue and reconciliation, offering hope for a peaceful resolution to the conflict between Israel and Iran,” the group said.

HWPL is a non-profit organisation, with a mission to promoting peace through education, and advocacy. It has a global network spanning over 170 countries. The organisation works to build bridges of understanding and cooperation, striving towards a world free from conflict and violence.

According to reports in various international media outlets, Iran and its militant partners on April 13 initiated a large-scale attack against Israel through launching several hundred ballistic missiles and drones. The international society expressed concerns over the possibility of war between the two states, since Tehran’s direct attack on Israel was unprecedented.

Experts have pointed out that the attack on Israel was Iran’s response to an airstrike on the Iranian embassy in Syria on April 1, which killed seven military advisers including three senior commanders.

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