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Prime Minister Explains Oban Deal While Still Focused on Grand Bahama’s Economic Growth

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#Bahamas, April 4, 2018 – Nassau – The Government of The Bahamas remains focused on Grand Bahama’s economic growth in spite of the Oban misstep, Prime Minister, Dr. the Hon. Hubert A. Minnis said Tuesday.

Wrapping up the debate on the Mid-Year Budget in the House of Assembly, Prime Minister Minnis acknowledged that “missteps” were made in the Oban Energies LLC Project.  The project was intended to bring growth and jobs to Grand Bahama.  Prime Minister Minnis said measures have been put in place to ensure no future occurrences.

“My Government committed to Grand Bahama, and to The Bahamas, to do all within our power to bring economic development and growth to Grand Bahama as a matter of urgency,” Prime Minister Minnis said.

“This has been our focus at all times. We intend to fulfill this commitment. It is one of the keys to our overall growth as a nation. The Oban Energies LLC Project was intended to bring growth and jobs to Grand Bahama.  In our haste to boost the economy of Grand Bahama, we made a number of missteps in the Oban Energies Project.

“While our heart was in the right place, these missteps should not have happened. We must, we can and we will do better,” Prime Minister Minnis added.

Prime Minister Minnis outlined some of the history behind the proposed Oban Energies LLC Project. The Prime Minister said records show that there were two approvals in principle by the National Economic Council (NEC) for the project, one in 2009 to Mid-Atlantic Project LLC.

By 2016, the name of the company was changed to Oban Energies LLC, and the beneficial owner is the K Family Irrevocable Trust.  Mr. Peter Krieger was the Chairman and Chief Executive Officer. He had no beneficial interest in the K Family Trust.

Prime Minister Minnis said it was this company that was given the second approval in principle by the former Progressive Liberal Party Administration on November 15, 2016, at a National Economic Council Meeting.

“Most Cabinet Ministers were present at that NEC Meeting including members who are now the Opposition in both Houses of Parliament – here and in the Senate. Mr. Peter Krieger was CEO and Satpal Dhunna was President of Oban Energies LLC,” Prime Minister Minnis added.

Prime Minister Minnis said as early as 2009, a draft Heads of Agreement was submitted to BIA (Bahamas Investment Authority) and sent to the Office of the Attorney General for its review.  “This document was not executed,” the Prime Minister added.

Prime Minister Minnis said the second proposed Heads of Agreement was “forwarded to the PLP Government” by the Bahamian attorney for Oban Energies LLC.

“This was sent to the Office of the Attorney General on March 30, 2017, for review,” the Prime Minister continued, “it should be noted that in this Heads of Agreement, Mr. Peter Krieger was to sign on behalf of Oban Energies LLC.

“The PLP never got around to signing this agreement.  Note that the PLP agreed to the development, despite the hypocrisy they are now displaying,” the Prime Minister added.

Prime Minister Minnis said a 2016 video shows Mr. Peter Krieger and then Minister for Grand Bahama, Dr. Michael Darville along with relevant government officials, and Oban Energies’ Bahamian attorney at the time, at the original site for the proposed development.

Prime Minister Minnis said: “Furthermore, one of them visited the site in Grand Bahama, approved the project and was about to sign the Heads of Agreement.”

Prime Minister Minnis said Mr. Satpal Dhunna (President of Oban Energies LLC) arrived in The Bahamas on February 6, (2018) with the expectation to sign the Heads of Agreement on February 7.

“The document was not ready for signature, so he remained in The Bahamas until February 10, at which time he signed the agreement and then left the country to attend other business.  The Heads of Agreement was subsequently signed by the Secretary to the Cabinet,” Prime Minister Minnis said.

The Prime Minister said in recognition of its promise to keep Bahamians informed, the Government arranged for a ceremonial signing of February 19, 2018.

“We accept that we should have clearly indicated on the 19 of February, 2018, that it was a ceremonial signing. It should be noted that it is not unusual for a Heads of Agreement to be signed before a ceremonial signing so as to ensure that there is a firm agreement between the various parties.

“It is unfortunate that at the ceremonial signing, Mr. Peter Krieger wrote the name of Satpal Dhunna whose name was printed under the signature line in the space provided for the signature of Mr. Dhunna.  He should have noted that he was signing on behalf of Mr. Dhunna and signed his name as the authorized representative of the K Family Irrevocable Trust on the ceremonial document.”

Prime Minister Minnis said the Government has decided to make the effective date of the Heads of Agreement, February 19, 2018, to conform with the public ceremonial signing.

“I am advised that effective March 1, 2018, Mr. Krieger has resigned from the company,” Prime Minister Minnis added.

Release: BIS

 

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Nassau Cruise Port Marks Sixth Anniversary with Exciting New Additions for Visitors and The community

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[Nassau, Bahamas, October 8, 2025] Nassau Cruise Port (NCP) proudly celebrates its sixth corporate anniversary by unveiling a series of transformative additions that further enhance the guest and community experience. The anniversary comes at a pivotal moment in the growth of the port, with the opening of a new swimming pool, an expanded marina, and a state-of-the-art ferry terminal that will support transfers to the Royal Beach Club, which is currently under construction on Paradise Island.

Since its $300 million redevelopment, Nassau Cruise Port – the largest transit cruise port in the world – has welcomed millions of visitors and become one of the most vibrant cruise destinations in the world. This anniversary not only reflects its commitment to delivering world-class facilities, but also its dedication to creating meaningful connections between visitors and the Bahamian community.

“This milestone represents much more than the passage of time,” said Mike Maura, Jr., CEO and Director of Nassau Cruise Port. “It reflects our promise to continually elevate the guest experience, contribute to the local economy, and provide opportunities for Bahamians. During our first year (2019) of operating the Nassau Cruise Port, Nassau welcomed approximately. 3.85 million cruise guests, and 2025 will see well over 6 million cruise visitors visit Nassau. Our focus on driving cruise tourism and the $350 million investment in our downtown waterfront is a testament to our vision of making Nassau a premier cruise and leisure destination.”

The new pool offers a refreshing retreat for visitors enjoying Nassau’s waterfront, while the expanded marina will accommodate additional yachts, boosting tourism and local commerce. The ferry terminal expansion enhances passenger flow and supports convenient, seamless transfers to the Royal Beach Club, strengthening Nassau’s position as a hub for Caribbean cruising and leisure.

As part of its anniversary celebrations, NCP will host a series of internal and external activities to celebrate its team and to highlight its ongoing investments in the Bahamian economy, including job creation, local vendor opportunities, and cultural showcases at the port.

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Next U.S. Ambassador?  Walker Pledges Business-Driven Approach as U.S. Looks to Counter China in The Bahamas

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Deandrea Hamilton | Editor

 

The Bahamas, September 16, 2025 – For the first time since 2011, the United States is on the cusp of sending an ambassador to The Bahamas — and the nominee, former football star turned entrepreneur Herschel Walker, is promising to bring his business instincts to the diplomatic table.

Speaking before the Senate Foreign Relations Committee last week, Walker underscored that his background in food-service companies and small business leadership has prepared him to think practically about investment. “I know how to run a business, how to create jobs, how to make payroll. Those lessons translate into building relationships and building trust,” Walker said.

Walker, who was nominated by President Trump in December 2024, faced the Senate Foreign Relations Committee on September 11. As of now, he has not yet been confirmed; his nomination remains under review, pending a committee vote before it can move to the full Senate. If approved, he would become the first U.S. ambassador to The Bahamas since 2011.

For years, U.S. officials have stressed security and counternarcotics cooperation with The Bahamas, including through “Operation Bahamas, Turks and Caicos.” But in areas like infrastructure, medical care, and long-term investment, Washington has often been absent.

Hospitals and clinics remain under-resourced, and hurricane recovery has been slow in many islands. Chinese state-backed firms, by contrast, have shown up with financing packages and construction deals — a presence that has raised alarms on Capitol Hill.

“Only 50 miles off our shore, The Bahamas is too important for us to ignore,” warned Senate Foreign Relations Committee leaders during Walker’s hearing. They called China’s inroads “strategic, not charitable,” suggesting Beijing’s long game is about ports, proximity, and political leverage.

Walker positioned himself as a nontraditional but pragmatic envoy. He argued that his business career, rooted in private sector success, equips him to champion American investment in The Bahamas.

He pledged to:

  • Promote U.S. companies interested in medical and infrastructure projects.
  • Support an environment that encourages American investors to see The Bahamas as more than just a beach destination.
  • Highlight opportunities for partnerships that improve public services, healthcare, and resilience against hurricanes.

“I’ve built businesses. I know what it takes to attract investors and create opportunity. That is exactly what I intend to bring to our relationship with The Bahamas,” Walker said.

The Bahamas is not just a tourist paradise. It’s a frontline state in migration, drug interdiction, and hurricane response. More than six million U.S. visitors travel there annually, making stability and safety a U.S. domestic concern as much as a foreign policy one.

And yet, with the ambassador post vacant for 14 years, the U.S. has often looked detached — opening space for China’s ambitious Belt and Road agenda. The fear is that infrastructure deals signed today could give Beijing leverage in the region tomorrow.                                                                                                                                                                                                                Walker’s confirmation would symbolize a course correction, signaling Washington’s intent to re-engage not only in security but in the economic future of The Bahamas.                                                                                                                                                                                                                    Not everyone is convinced Herschel Walker is the right man for the job. His nomination revived controversies from his 2022 Senate run, including past allegations, public gaffes, and doubts about whether he has the diplomatic polish the post demands. Some senators and analysts questioned whether celebrity and business experience were enough for a role requiring nuance in foreign policy and geopolitics.

Critics argued that The Bahamas, sitting just 50 miles from Florida and facing intense Chinese interest, deserves a seasoned diplomat rather than a political ally.

Walker confronted those doubts head-on. “People have underestimated me all my life — in academics, athletics, and business,” he told the Senate Foreign Relations Committee. “And I have always proven them wrong, through discipline, determination, and by outworking everyone.”

He admitted he had never served as an ambassador but countered that his career prepared him in other ways: building businesses, managing payrolls, and connecting with people from all walks of life. He framed his business background as a strength, promising to use it to encourage U.S. investment in healthcare, infrastructure, and hurricane resilience projects in The Bahamas.

Rather than sparring with critics, Walker leaned on confidence and persistence: “I know how to build trust and find common ground. That’s what this relationship needs.”

If confirmed, Walker would have to balance his role as diplomat with expectations of being a commercial cheerleader for U.S. firms. His emphasis on entrepreneurship suggests a willingness to push U.S. businesses toward opportunities in healthcare, ports, and post-storm reconstruction — areas where Bahamians say they need the most support.

For Bahamian officials, the question will be whether Washington is prepared to back words with financing. U.S. private sector dollars, paired with aid and development partnerships, could help shift the tide against Chinese influence.

For Walker, the test will be whether his business acumen can translate into diplomatic wins — giving Bahamians alternatives to Beijing, while deepening the U.S. role in the Caribbean.

Analysis: If Walker delivers, this appointment could mark a turning point: a U.S. strategy that recognizes that in the Caribbean, investment is diplomacy.

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Conflicting Reports as Grand Bahama Awaits Its New Airport: What to Believe?

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Deandrea Hamilton | Editor

 

September 16, 2025 – Grand Bahama’s wait for a modern international airport has taken another dramatic turn. Just days after reports surfaced that the $200 million redevelopment had collapsed because partners failed to secure financing, the government is now insisting the project is alive and well — with funding in the “final stages” and construction on the horizon.

Earlier This Week: Airport Deal in Dire Straits

The week began with grim headlines. Deputy Prime Minister and Aviation Minister Chester Cooper confirmed that private partners in the much-heralded consortium had not produced financing. “Regrettably, the funding had not happened,” he admitted, sparking widespread fears the deal had crumbled.

Those admissions triggered a storm of skepticism in Freeport. Back in February, the government had declared the airport deal “finalized,” naming Aerodrome Ltd., Manchester Airport Group, and BHM UK as partners. They promised demolition within 30 days, designs in 45 days, and a new terminal by year’s end. But now, more than four months later, not a single milestone has been delivered.

For residents and business leaders, the collapse narrative confirmed their worst fears: that Grand Bahama was once again being strung along with empty promises. Long-stay tourism — the kind that sustains hotels, restaurants, taxis, and shops — depends on a functioning airport. Without it, the island’s economy remains hobbled.

Today: Government Pushes Back

But late Thursday, the government issued a forceful rebuttal. “The redevelopment of Grand Bahama’s International Airport remains a central priority for this administration and is key to the island’s economic renewal,” the statement read. Officials stressed that they are “in the final stages of securing funding and concluding agreements on airport management.”

The statement went further, clarifying the role of Manchester Airport Group, the UK’s largest airport manager. MAG, it said, was never meant to provide financing but remains a core partner in shaping the airport’s development and management. Bahamian contractors, the government insisted, are part of the team tasked with delivering the facility. “Our focus is on results,” the release concluded. “Grand Bahama will have the airport it needs to grow, attract investment, and strengthen its role as a gateway to The Bahamas.”

Who Should Grand Bahama Believe?

The conflicting narratives — one of a deal in “dire straits,” the other of a project in “final stages” — have left Grand Bahama residents struggling to know what to believe. Is the airport project truly on life support, or is the government simply playing its hand close until funding details are nailed down?

Skeptics point out that this is hardly the first time the airport has been declared a priority only to see little follow-through. Promises in 2023, in February 2025, and again in summer 2025 all failed to produce visible progress. Each missed deadline has chipped away at public trust.

Supporters of the government counter that large infrastructure projects are inherently complex, with legal negotiations and financing arrangements often dragging longer than planned. They argue that the continued involvement of Manchester Airport Group is evidence the project is still credible.

The Bigger Picture

Grand Bahama’s airport troubles are intertwined with the stalled $120 million Grand Lucayan hotel sale, which also remains without visible progress 129 days after it was announced. Business leaders insist both projects must move together if the island is to see real recovery. A luxury resort without a modern airport is as unviable as an airport without hotel rooms to fill.

For now, the people of Grand Bahama are left in limbo. This week they were told the airport deal had failed. Today, they’re being told it’s moving forward. The only certainty is that, nearly a year after the latest round of promises, not a single crane has touched the sky.

As one resident put it: “We don’t need more statements. We need to see bulldozers.”

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