Bahamas News

Government to Promote Investment in Aquaculture to Meet Fisheries Demand

Published

7 years ago

September 21, 2017

#Bahamas, September 21, 2017 – Nassau – The Government of The Bahamas will promote investments in aquaculture, mariculture and modern sea farming strategies.

It will undertake a study of the country’s marine resources with a view to creating opportunities for the artificial propagation and enhancement of local fish stocks to assist in addressing growing demands for fish and aquaculture products, regionally and globally, and the ‘steep rise’ in the importation of fish and fisheries products over the last decade.

According to fisheries experts, artificial propagation involves human intervention in the process of natural propagation and has the advantages of better rates of fertilization and hatching, protection against enemies and unfavourable environmental conditions, and provides better conditions for growth and survival.

The practice can vary in different parts of the world, depending on local conditions and facilities, but artificial propagation starts with the collection and further rearing of naturally produced egg, spawn, or fry, or with the production of the egg itself through artificial inducement followed by controlled fertilization, hatching, and rearing of larvae and fry.

Besides natural and semi-artificial propagation, artificial propagation carried out in a well-equipped hatchery is the up-to-date way in which the necessary quantity of fry can be produced.

Delivering the Keynote Address at the Opening Session of the 5th Meeting of ACP (African, Caribbean and Pacific countries) Ministers in Charge of Fisheries and Aquaculture, Wednesday (September 20, 2017) at Melia Nassau Beach resort, Prime Minister, Dr. the Hon. Hubert A. Minnis said his Administration will also seek the assistance of international organizations to provide ongoing technical and financial support to ensure the growth, protection, viability and sustainability of the country’s marine resources.

The decision comes as studies show a ‘steep rise’ of 35 per cent in the importation of fish and fisheries products in just over a decade. Prime Minister Minnis said fish imports are currently about 10 times higher than aquaculture production.

Prime Minister Minnis said increasing growth in populations within the region, the impacts from a more demanding tourism industry, and the ongoing promotion of healthier lifestyles and diets, have spurred demand for healthy, safe and high-quality foods, including fish and aquaculture products.

“Aquaculture production by Caribbean Community (CARICOM) Countries has been around five per cent of total fish production by these countries in recent years,” Prime Minister Minnis said.

He noted, “In most Caribbean Small Island Developing States (SIDS), the aquaculture production is nearly insignificant.”

By: Matt Maura

Photo caption: Prime Minister Minnis addresses Ministers in Charge of Fisheries and Aquaculture from Africa, the Caribbean, and the Pacific, September 20, 2017 at Melia Nassau Beach resort. (Photo/Yontalay Bowe, OPM Media Services)

Bahamas News

Bahamas economic growth

Published

4 days ago

May 4, 2024

Shanieka

Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos

Published

4 days ago

May 4, 2024

Shanieka

RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

Bahamas News

Get your laugh on, March On show coming to Turks and Caicos with box office at IGA Friday and Saturday

Published

4 days ago

May 3, 2024

Shanieka

Dana Malcolm

Staff Writer

After resounding success in the Bahamas, hit play ‘March On, The Story of Us’ has been inundated with requests to take their show on the road, and the first location they’ll be hitting is Providenciales Turks and Caicos with tickets on sale this weekend from May 3 to 5.

Magnetic Media spoke to Gea Pierre, playwright, who told us the TCI was a natural first choice for the cast and crew.

“We started ‘March On’ in November 2023 and it was really an opportunity for us to tell a story, the story of the Bahamas and to encompass the nations that we have an amazing relationship with like the Turks and Caicos,” she continued “We really got a lot of people calling [for the play] from [the TCI], so much so we really had to pay attention.”

The response to ‘March On’ at home and abroad was overwhelming.

“To say it went well is an understatement, even before we opened we got calls from Canada, from all over the US with people wanting us to come and perform.”

And take the show on the road they did! Gea and her team have launched “March On: The Tour” and will be in Providenciales to perform on May 10th and 11th. It’s the first of a number of stops which include Nassau and several US locations.

A ticket booth will be set up from today, Friday May 3 in the foyer of IGA grocery store beginning at 1 p.m. Friday and then again all day on Saturday, allowing residents to purchase with cash.

Online tickets are available for purchase with credit cards. Then the full team returns on Friday, May 11 for the actual showing at 8 pm and their two showings on Saturday at 4pm and 8 pm. The venue is Brayton Hall, Providenciales under the patronage of Washington Misick, TCI Premier and First Lady Delthia Misick.

Describing the close familial relationships between the TCI and the Bahamas, for many on the crew it will be like coming home Gea told us, for others it will be a treat to visit for the first time, the places that their grandparents described.

Tickets are only $60 for general seating and $75 for VIP seating.

Gea maintained that the team wanted to keep the show as accessible to residents as possible.

As for why you should come out and see the play, other than the great price point:

“The way that people have responded to it is non stoplaughter, people have been moved to tears because there’s some emotion. It does not only lend to Bahamians. It’s a family drama, and anyone who’s ever been a part of a family is going to get something out of it, and something moving.”