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GB Minister Spoke on Small Business Development at OAS Gathering in Washington D.C.

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Bahamas, July 24, 2017 – Nassau – Minister of State for Grand Bahama in the Office of the Prime Minister, the Hon. Kwasi Thompson visited Washington D.C. this past Friday where he addressed participants in a Small Business Development Center Study Tour, sponsored by The Organization of American States.

Addressing participants from throughout the Caribbean, OAS officials and others, the Minister said he was pleased to represent The Bahamas at the event and that it was particularly important for him to see the implementation of the program in The Bahamas and especially on the island of Grand Bahama.

He told the assembly that the current administration is focused on small business assistance and that development of the program will help to fulfill that commitment.

Minister Thompson also recalled that it was only a few short months ago that The Bahamas signed a Memorandum of Understanding with the OAS to become part of the cooperation programme being offered through the United States Permanent Mission to the OAS in conjunction with the University of Texas in San Antonio.

“The Bahamas is an active member of the OAS in all areas and particularly in the affairs of the Secretariat for Integral Development,” he told the gathering.

Further, he informed that The Bahamas has a small and open economy, primarily driven by two sectors, tourism and financial services, with tourism being the dominant sector contributing better than 45% of the country’s gross domestic product.

The Grand Bahama Minister advised that while most economic activities are concentrated on the country’s most populated island, New Providence, that Grand Bahama, the second most populated island hosts one of the first free ports in the world, a special economic zone.

He also stressed that the island is home to one of the largest container shipping facilities on the eastern seaboard with the capacity to service approximately 1.5 million twenty-foot container units a year including the capacity to service 750 refrigerated units.

Also, that the island is home of the Grand Bahama Shipyard, one of the largest centers for dry-docking and afloat services for repairs, refit, refurbishment and revitalization.

The Minister also advised that our government recognizes that in order to accelerate the country’s economic growth, steps need to be taken to further develop an environment which focuses on competitiveness, ease of doing business and macroeconomic stability.

“My Government also recognizes that the growth and expansion of micro, small and medium-sized enterprises or MSMEs is key to the country’s growth success and we are creating an environment which encourages innovation and the entrepreneurial spirit of the people.

“To be successful, this will take a coordinated approach targeted at addressing the needs of the MSME sector of the economy,” he said.

Continuing, he informed that to stimulate the growth of MSMEs, previous governments had established agencies targeted at supporting the development of those enterprises.

Some of the key agencies according to Mr. Thompson included the Bahamas Agricultural & Industrial Corporation, the Bahamas Entrepreneurial Venture Capital Fund and the Bahamas Development Bank.

He also informed that representatives from those agencies had traveled to Washington for the event also.

“The aim of these agencies is to encourage the creation, expansion and promotion of SMEs through the provision of business incubation support services, resources such as industrial land at concessionary rates, access to development funding, access to buyers’ market and the provision of monitoring and evaluation services for small businesses,” he said.

Mr. Thompson was also keen on pointing out that “although our Government has only been in office for approximate two months, I am pleased that our Government has agreed to continue the important process of establishing two Small Business Development Centers with support of the US Permanent Mission to the OAS, to better coordinate the efforts of existing agencies which support SME development.

“The creation of such centers was a key recommendation of the country’s National Development Plan. The Centers will also develop a framework that will help to increase collaboration and networking between SMEs.

“Our plan calls for the Small Business Development Centers to be based at two campuses of the University of The Bahamas in New Providence and Grand Bahama and comprised of a team of professionals from a variety of sectors namely, the public sector, academia, agencies responsible for small business development and the Chamber of Commerce,” he stated.

According to the Minister the Center will have the advantage of accessing a cadre of qualified faculty and global network of resources aimed at small business growth.

He said that members of the team have in the past several months been engaged in active dialogue and training with personnel from the Small Business Development Center of the University of Texas.

“We are pleased that the team has already developed a Strategic and Operational Plan which will be implemented in both Grand Bahama and New Providence before the end of 2017 and will be subsequently launched in our Family Islands in the near future.

“The plan includes the organizational structure of the Center and the roles and responsibilities of key personnel. Once fully implemented it is our vision that the Center will be the leading driver of economic growth for small businesses by empowering entrepreneurial development throughout The Bahamas.

“We anticipate that the Small Business Development Centre Model that The Bahamas will be implementing over the next few months will not only grow and expand SMEs, but will also create further opportunities for partnerships between domestic and international businesses, attracting more investment into the country,” he said.

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Where to Draw the Line? TCI and Bahamas Advance Maritime Boundary Talks

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June 16, 2026 – Thirty-four years after formal negotiations began, Turks and Caicos Islands and The Bahamas are still working to define an agreed maritime boundary between the neighbouring archipelagos, a revelation emerging from a recent Turks and Caicos Cabinet summary which has brought renewed attention to a largely overlooked diplomatic and security issue.

A May 2026 Turks and Caicos Cabinet update suggests the long-running negotiations are continuing to advance.  In August 2023, Bahamas Foreign Affairs Minister Fred Mitchell said efforts to draw an exact maritime boundary had been slowed by the challenge of gathering the mapping and locational data required for the exercise.  The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few details beyond confirming that both sides remain committed to maritime boundary delimitation talks.

The negotiations are not centred on a territorial dispute but rather on establishing a legally recognized maritime boundary under international law.  Such agreements help determine jurisdiction over fisheries, maritime resources, law enforcement activities, environmental protection and migration control in the waters between neighbouring countries.

While the discussions focus on the boundary between The Bahamas and Turks and Caicos, the exercise is part of a wider maritime delimitation effort — the process of formally marking and agreeing upon where one country’s waters end and another’s begin.  In comments to The Tribune in August 2023, Mitchell referenced similar boundary considerations involving the United States and Haiti, underscoring the broader regional importance of defining maritime jurisdictions in accordance with international law.

According to public statements from The Bahamas, formal negotiations between the two sides began in 1992 and were followed by technical discussions in 1996.  After years of little public activity, talks resumed in 2023 and have continued through a series of engagements involving legal, maritime, security and geographic information specialists.

The importance of maritime boundaries was underscored by former Bahamas Foreign Affairs Minister Brent Symonette during maritime boundary discussions between The Bahamas and the United States in 2009.  At the time, Symonette described clearly defined maritime borders as essential to national sovereignty, law enforcement, fisheries management, environmental protection and efforts to combat illegal migration.  He also argued that agreed boundaries provide legal certainty and strengthen cooperation between neighbouring countries.

The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few public details beyond confirming its commitment to the process.  However, officials from the Foreign, Commonwealth and Development Office participated alongside TCI representatives during talks held in Nassau in August 2023.  The Turks and Caicos delegation included then Permanent Secretary Wesley Clerveaux, whose responsibilities included Marine Affairs.

At this stage, the TCI Cabinet has only publicly identified the area under discussion as being south of “Point 1.”  Information released by The Bahamas following a 2023 meeting indicates the negotiations concern waters between the southeastern Bahamas and the Turks and Caicos Islands.  While no map has been made public, the available information places the discussions south of Bahamian islands including Mayaguana and Great Inagua.  Exactly where the proposed boundary would meet the Turks and Caicos archipelago remains unclear from public records.

The latest Cabinet update offers no indication of when the negotiations may conclude.  However, after more than three decades of intermittent discussions, recent references by both governments suggest efforts to finally draw the line between the two jurisdictions are continuing.

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CDB Leadership Passes to Belize as Region Eyes New Financing Partnerships  

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By Deandrea Hamilton

 

The Bahamas, June 9, 2026 – The Caribbean Development Bank’s annual gathering may have concluded in The Bahamas, but attention is already turning to Belize as leadership of the institution’s Board of Governors officially changed hands.

At the close of the 56th Annual Meeting in Nassau, outgoing Chairman and CDB Governor for The Bahamas, Michael Halkitis, formally transferred the chairmanship to Belize’s Dr. Hon. Osmond Martinez, continuing the Bank’s tradition of rotating leadership among its regional shareholders.

The handover capped a week of discussions focused on financing development in an increasingly uncertain global environment and strengthening the Caribbean’s ability to withstand economic and climate-related shocks.

One of the meeting’s most closely watched conversations centered on how multilateral development banks can better support vulnerable Small Island Developing States.

During the President’s Chat, titled Financing the Future: MDB Strategies for Uncertain Times, CDB President Daniel Best joined leaders from the OPEC Fund, the Central American Bank for Economic Integration and the Fund for Responding to Loss and Damage to discuss expanding development finance and building resilience.

OPEC Fund President Dr. Abdulhamid Alkhalifa emphasized that development institutions must move beyond responding to crises and instead help countries prepare for them.

“The real test is whether we can help countries move from strategy to implementation, and from implementation to results,” Alkhalifa said.

The discussions reflected a growing regional push for innovative financing solutions as Caribbean nations continue to confront climate vulnerability, infrastructure demands and economic uncertainty.

Beyond discussions on financing and resilience, the Annual Meeting also featured youth engagement activities, including the Youth FIRE Forum, where young Caribbean leaders participated in conversations about innovation, entrepreneurship, leadership and the future of regional development. Senior government officials, development professionals and youth delegates exchanged ideas on the challenges and opportunities facing the next generation, reinforcing a recurring message throughout the conference: that investments made today must ultimately improve opportunities for Caribbean youth tomorrow.

That theme was echoed by Bahamas Prime Minister Philip Davis, who used the opening ceremony to challenge regional leaders to invest in future generations.

“We must invest in the one asset that no agency can ever downgrade, and that no storm can ever wash away: the mind of a Caribbean child,” Davis told delegates.

With Belize now assuming the chairmanship, regional leaders say the focus remains on transforming ideas discussed in Nassau into tangible results for Caribbean people.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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