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Minister Thompson says Grand Bahamians Must Become Business Innovators

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#Bahamas, September 29, 2017 – Grand Bahama – In wake of powerful hurricanes, Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says The Bahamas is learning a very painful lesson on why the economy must be diversified.   Tourism alone, he said, is not enough.

In opening the first Business-to-Business Expo at Pelican Bay resort on Thursday morning, Minister Thompson said that his office was mandated to focus on the economic revitalization of Grand Bahama and the Expo aligns with fulfilling that task, which he hopes will generate much needed growth within Grand Bahama’s broken economy.

“The Government has a focused strategy to improve our economy here in Grand Bahama,” said Minister Thompson.   “But we are painfully aware of our current state of affairs here in Grand Bahama.   Therefore we must ensure that local businesses and entrepreneurs are in a position to provide the ancillary services to our anchor companies within the Industrial sector.  And that’s what a forum like this Business-to-business Expo is all about.”

The Minister for Grand Bahama told Expo attendees that the revitalization of Grand Bahama will require a pluralistic approach, a part of which will include focusing on some big matters – like the opening and redevelopment of the Lucayan Strip, or focusing on iconic properties like Xanadu and Royal Oasis.   These, he said, are being aggressively pursued.

He said it will also require improving Grand Bahama’s means of doing business, as well as actively marketing Grand Bahama as a place to do business in the technology industry.   He noted that the focus will now have to be on not just tourism, but on maritime and manufacturing.

“This seminar is only one component in our overall strategy,” said Minister Thompson.   “So, while we want new businesses to come to Grand Bahama, we also want to ensure that businesses are able to take advantage of every opportunity that already exist here in Grand Bahama.

Opens expo“I want all of these anchor businesses and industrial companies to fulfill their duty, by ensuring that they indeed use the businesses that are represented in this room.   If a Grand Bahama business or entrepreneur can provide the service at a reasonable price, give them the contract.

“Today is not the end, but the beginning, as we shall be following up, fully expecting and demanding that wherever possible, local businesses be provided with the opportunity.   This has to be a continual dialogue.   This exercise must also be results driven and the results must be that more Grand Bahamians are given opportunities in Grand Bahama.”

Minister Thompson pointed out that the success of the inaugural Expo had nothing to do with the number of people who showed up, but rather would depend upon how many local businesses benefit from the Expo.

He challenged all of the business owners and representatives in the room that within six months there should be at least an additional five businesses that received additional opportunity as a result of what was done at the Expo.

“The Government’s role is that we are committed to making it easier for businesses to do business,” Minister Thompson added.   “The government is also committed to making it easier to be able to partner with international persons in order to make your business successful.

“So, I encourage all of you to be innovative in your approach to doing business.   The sad thing is, we in Grand Bahama can no longer expect that an opportunity is going to drop in our laps.   We live on an island that demands that opportunities sometimes have to be created. So, be creative, be innovative, take initiative, adjust yourself, find a problem to solve and if you do that, you will find a new business, which you can open and be successful.

“We are moving towards an era of entrepreneurship, ownership, partnership and civic engagement. As we continue to work towards making Grand Bahama the center for industry and innovation and the industrial hub it is destined to be, it is important that we embrace new ways of doing business.”

By: Andrew Coakley (BIS)

Photo Captions:  OPENS EXPO – Minister of State for Grand Bahama in the Office of The Prime Minister, Senator Kwasi Thompson was the keynote speaker at the official opening of the first Business-to-Business Expo at Pelican Point resort on Thursday, September 28, 2017.  The concept of the Business-to-Business Expo was born in the Office of the Prime Minister in Grand Bahama.  (BIS Photo)

ASKING A QUESTION – Senator Kwasi Thompson, Minister of State for Grand Bahama asks a question of a panel of executives from the Grand Bahama Shipyard, during question and answer period of the Business-to-Business Expo, Pelican Bay Resort on Thursday, September 28, 2017.

(BIS Photo)

 

 

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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