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Technology Summit Key to Grand Bahama’s Emergence as Next ‘Silicon Valley’

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#Bahamas, October 26, 2017 – Grand Bahama – The hosting of the first Grand Bahama Technology Summit next month in Freeport, Grand Bahama, is expected to serve as the catalyst for turning Freeport into the Government of The Bahamas’ version of Silicon Valley.   The summit is an initiative of the Office of the Prime Minister in Grand Bahama.

Silicon Valley is the nickname for the southern portion of the Bay Area of California, United States of America.  The word “silicon” originally referred to the large number of silicon chip innovators and manufacturers in the region, but the area is now home to many of the world’s largest high-tech corporations, including the headquarters of 39 businesses in the Fortune 1000, and thousands of start-up companies.

The region accounts for one-third of all of the venture capital investment in the United States, which has helped it to become a leading hub and start-up ecosystem for high-tech innovation and scientific development.   As of 2013, the region employed about one-quarter of a million information technology workers.

The Grand Bahama Technology Summit is expected to attract local and global technology leaders, systems experts, investors, developers, and innovators, and will be held at the Grand Lucayan Convention Centre, November 9-10 under the theme: “Making Grand Bahama the Technology Gateway to Innovation and Technology.”

It follows up on the Minnis Administration’s promise to focus on the development of Freeport as an offshore technology hub, amongst other possibilities, as articulated in the Speech From The Throne, and is expected to connect entrepreneurs to local and international industry leaders thus creating opportunities and access to resources and intellectual capital.

“The Grand Bahama Technology Summit will begin the dialogue with key industry stakeholders, policymakers and the general public in shaping the policy to govern how the new initiative and industry will work,” Mr. Anthony Newbold, Press Secretary in the Office of the Prime Minister said Tuesday during his weekly Press Briefing.

“The country will see the beginning of what the Prime Minister (Prime Minister, Dr. the Hon. Hubert A. Minnis) believes will be the blossoming of a new industry for The Bahamas and one that citizens will be happy and proud to participate in.”

Delegates will include representatives from major Silicon Valley-based companies such as Google, HP, Microsoft, Dell, Samsung, Huawei and others.

Presenters will include Dr. Gadryn Higgs, a Grand Bahamian who is involved in development in Silicon Valley, USA; Mr. Laron Burrows, also from Grand Bahama, a 26-year-old inventor of medical devices; and Ms. Aisha Bowe, a former employee of the National Aeronautics and Space Administration (NASA), United States of America who now serves as Chief Executive Officer of STEMBoard in Washington, D.C., U.S.A.  (NASA is the United States’ Federal Agency that is responsible for aerospace research, aeronautics, and the civilian space programme.)

“One of the highlights of the summit will be the Blue Marlin Business Innovation Challenge, where potential entrepreneurs will get to showcase their inventions,” Mr. Newbold said.

“The summit will also provide opportunities and access for entrepreneurs, bringing Silicon Valley to Grand Bahama. That’s creating the environment for private businesses to flourish instead of the Government trying to run a business,” Press Secretary Newbold added.

By: Matt Maura (BIS)

 

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BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

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

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VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

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

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

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

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