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Grand Bahama’s Small Business Incentive Program proving to be successful

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#Bahamas, March 5, 2018 – Grand Bahama – The success of the newly launched Grand Bahama Micro and Small Business Economic, Empowerment and Incentive Program was evident in the certification of a second group of potential entrepreneurs from the program on Monday, February 26, 2018, in the Office of the Prime Minister.

The certification of 15 new business owners and the expectation of the program’s being extended to not just a third, but also a fourth group of individuals has brought to light what Minister of State for Grand Bahama, Senator Kwasi Thompson has been touting all along “that small businesses will be a big part of the economic turnaround for Grand Bahama.”

In addition to the 15 new self-starter businesses, eight existing businesses also received financial grants and certification to help in the growth of their already established enterprises.  The businesses represented a cross section of careers, including restaurant, pastry and bakery, nails and cosmetics, bone fishing, sign making, perfume making and landscaping.

Senator Kwasi Thompson told the group of entrepreneurs that there are positive signs and good things happening in Freeport, if they chose to see those positive signs.  “I want to encourage you to take advantage of the opportunities that are coming,” said Minister Thompson.

The Minister outlined some of the projects that are in the process of coming to fruition in Grand Bahama, which he said, will help to revamp the economy of Grand Bahama.  Projects like the sale and re-opening of the Lucayan Resort, the re-started resort in West End that had once been a Ginn project, the Oban Oil Refinery project, two small projects in West End, inclusive the Sea Wood Fishing Village and the Blue Marlin Cove marina, two light manufacturing companies and other such projects.

“I don’t outline these projects or bring them up to suggest that Grand Bahama has turned any corner or that Grand Bahama is doing well, but I bring them up and talk about them because we all need to know that there are positive things happening in Grand Bahama,” added Minister Thompson.

“We also need to know what opportunities there are for us here in Grand Bahama.  Think out of the box. Don’t limit yourself to the old ways of doing business.  The good thing is that we have the access where your entire market does not have to be only people in Freeport, Grand Bahama, or even just in The Bahamas.

“The entire world now can become your market.”

He said that the time has come now where Bahamians begin to think globally and think about exporting their talents and their goods and services.

“You have the talent, you have the skills, to be able to compete with anyone, anywhere in the world,” added Minister Thompson. “In fact, you are the best in the world at what you do, because nobody could be Bahamian better than you and nobody can produce Bahamian better than you.”

Also giving the new business owners, as well as the established entrepreneurs, some words of encouragement was Minister of Youth, Sports and Culture, the Hon. Michael Pintard, who reminded the business owners that they have to be committed and disciplined, not just in how they manage their respective companies, but how they manage their finances.

“You have to be prepared to wake up early, pray up, show up, stay late if necessary, in order to build your empire. Not everyone is an entrepreneur, so you are a unique group among hundreds of thousands in the Bahamas.

“But if our economy in Grand Bahama is to recover and if the Bahamas is to grow at the rate which we believe it has the potential to grow, much of that success is going to come as a result of the efforts by people such as yourselves. So we are happy to be working in conjunction with you.”

Minister Pintard pointed out that micro and small business enterprises help to fuel the economy of countries around the world and that The Bahamas was no exception.  He said that one of the things that is presently being discussed among the government and the private sector is how to obtain the number of people required by Bahamian and foreign business owners, in order to sustain those businesses.

He said one of the things he and Minister Thompson discussed while putting together the program, was deciding the types of businesses they ought to fund.

“The view was that we should fund businesses that have an opportunity to make it with the present population size we have,” said Minister Pintard.

“So, you are uniquely positioned because although it would benefit you to have in excess of thousands more consumers in which to market your products and services, you have the capacity to do a volume of business that would be beneficial to you, your family and this community, right now.

“We wanted to identify businesses that would be in the creative arts, businesses that would affect tourism, or that would deal with personal consumption…and all of you represent these kinds of businesses.”

He admitted that every business will find itself in a competitive market, not just locally or nationally, but internationally, and with the ability to be paired with mentors who will assist them in ensuring that their respective businesses are successful.

By: Andrew Coakley

Photo Captions:

Header: Fifteen new self-starter companies and eight already existing businesses all received certificates and financial grants after successfully completing the required classes in the Grand Bahama Micro and Small Business, Economic Empowerment and Incentive Program on Monday, February 26, 2018 in the Office of the Prime Minister (Grand Bahama). Pictured with the graduates were Minister of Youth, Sports and Culture, the Hon. Michael Pintard (seated, centre); Minister of State for Grand Bahama, Senator Kwasi Thompson (seated, second from left); Carla Roker-Brown, Program Coordinator in the Ministry of Youth (seated right); Lady Naomi Wallace-Whitfield, from the Office of the Prime Minister (seated, second from right) and Shavonia McBride, from the Office of the Prime Minister (seated, left).

First insert: Minister of State for Grand Bahama, Senator Kwasi Thompson reminded new and existing business owners to look at the positive things taking place in Grand Bahama and not focus on the negative. The Minister outlined a number of proposed projects to be undertaken in Grand Bahama, which will help to bring about an economic turnaround for the island’s economy.

Second insert: Minister of Youth, Sports and Culture, the Hon. Michael Pintard encouraged new business owners to be prepared to put in the time, commitment and dedication to make their respective businesses successful.

BIS Photos/Lisa Davis

 

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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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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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