Connect with us

Bahamas News

Remarks by Prime Minister Minnis at the Bahamas Blockchain and Cryptocurrency Conference in Grand Bahama

Published

on

#GrandBahama, June 21, 2018 – Bahamas

 

Remarks

Dr. Hon. Hubert A. Minnis, MP

Prime Minister

 of the Commonwealth of The Bahamas

Bahamas Blockchain BBCC 2018

Cryptocurrency Conference

Wednesday, June 20, 2018

Grand Lucayan Hotel

Freeport, Grand Bahama

9:00 A.M.

 

 

  • Senator the Hon. James Kwasi Thompson and other Cabinet Ministers
  • International and local conference participants
  • Distinguished ladies and gentlemen,

 

Today it is my privilege to be in our nation’s second city of Grand Bahama, for the official opening of the Bahamas Blockchain and Cryptocurrency Conference.  This represents an important step towards my government’s new vision for the Bahamas, and a progressive step for the island of Grand Bahama.

Our Government recognizes that in order for our economy to continue to grow we must diversify, and create other opportunities for Bahamians to be successful.

I firmly believe in growing a diverse technology industry sector in the Bahamas, where entrepreneurs, can start and grow new technology companies.  We must also welcome existing global technology players to move their operations to The Bahamas, both of which, will have a meaningful impact on our economy and can be achieved in a relatively short period of time.

Ladies and Gentlemen,

Companies that utilize blockchain technology as a basis for their new products and services represent the genesis of a new wave of solutions that we believe will change the world as we know it.  There is no reason why these new blockchain technology companies that have their eyes on global markets, cannot have their base of operations here in The Bahamas.

We are a sovereign jurisdiction that has been a stable parliamentary democracy for over 250 years.  We believe in the rule of law, and are only 68 miles from the United States.

Ladies and Gentlemen,

My Government is committed to establishing the proper regulatory framework to ensure that incorporating, funding, and operating technology companies that have global ambitions is a relatively easy process.  Significant progress has already been made with the passing of our Commercial Enterprise Act and our ongoing Ease of Doing Business changes and amendments.

Here in the Bahamas, we fully understand that establishing and growing a technology industry sector is not easy, however, the Bahamas is uniquely positioned to quickly become the jurisdiction of choice for technology companies, particularly blockchain technology companies, and FinTech solution providers.

Other software and technology companies inclusive of biotechnology, artificial intelligence, and advanced manufacturing operations can make the Bahamas their home as well, forming clusters that would only serve to diversify and strengthen our technology sector.

We understand that in order to build a thriving technology sector that will benefit our country’s economy in a meaningful way, several key components must be in place, these include:

(i) policies that encourage innovation,
(ii) an educated and motivated workforce with access to higher education and professional development resources,

(iii) a flexible immigration policy

(Iv) and locations and infrastructure that can support population growth, and provide broadband access and telecommunications services that are on par with the rest of the world.

Additionally, in The Bahamas we can provide a quality of work-life balance that is second to none given our ability to offer sun, sand, sea, and cultural experiences that are uniquely Bahamian.

We are well positioned to become the new Silicon Capital of the Caribbean.  Grand Bahama was designed, and has the infrastructure to support 250 thousand residents.  Today it has a population of just over 40 thousand residents.

Broadband connectivity is of the highest quality within the Bahamas, with gigabit networks becoming the norm for both commercial and residential usage.  Grand Bahama is the ideal location in The Bahamas that can support the establishment and growth of a technology cluster of blockchain, and other software companies that can jumpstart the technology industry in The Bahamas.

Recently, my Government announced plans to provide free tuition at the Bahamas Vocational and Technical Institute, which provides degree programs in Information Technology Management, and free tuition at the University of the Bahamas commencing 2019, which also provides various degree programs in Technology.

The Bahamas also has a significant number of financial services, and wealth management firms that can provide investment and advisory services.

Here in The Bahamas, we have all of the available resources, and expertise, to work with both international, and local entrepreneurs, and investors, to build a robust technology sector.

We are pleased that many distinguished international and local professionals in blockchain and cryptocurrency have come to this place at this time to help us tell the world that The Bahamas is taking a deliberate step in building its technology industry sector.

I would also like to welcome the many Bahamians who have joined us with the desire to be the pioneers in this new industry, recognizing that technology will allow us the opportunity to become global players in an industry that is poised for growth.

I do not think it would be too far-fetched for me to say that the next generation of Bahamian millionaires, and possibly billionaires, could earn their wealth in the technology sector.

What we do here at this conference is the first step in that journey: a journey that we cannot accomplish alone, which is why our international friends and partners must play an integral, and important role in all of this.

We welcome you all here to The Bahamas, and look forward to learning from you, investing with you, and laying the foundation to build a technology industry that will benefit all who are a part of it.

Thank you and good morning.

 

Photo Caption: Prime Minister, Dr. the Hon. Hubert Minnis was keynote speaker at the opening of the Bahamas Blockchain and Cryptocurrency Conference at the Grand Lucayan, June 20, 2018.

(BIS Photo/Lisa Davis)

 

Continue Reading

Bahamas News

Diamond Stubbs, 17 • Betrica Brown, 19 • Stania Webb, 19 • Fourth victim yet to be identified

Published

on

Deandrea Hamilton | Editor

Six road deaths in two days leave a nation searching for answers

NASSAU, The Bahamas – A nation that only days ago celebrated graduations, scholarships and bright futures is now united in grief as six lives were lost on Bahamian roads in just two days, including four young women whose deaths have shaken the country to its core.

The names Diamond Stubbs, 17; Betrica Brown, 19; and Stania Webb, 19 have become the heartbreaking symbol of one of the country’s deadliest road tragedies in recent memory. A fourth young woman, believed to be 18 years old, had not been publicly identified by authorities up to publication time, as families continued to mourn and await official confirmation.

The four were among eight occupants travelling in a gray Mazda when it crashed into a tree on Shirley Street shortly after 1 a.m. Sunday. Police said the 19-year-old driver reportedly struck a pothole, looked back toward his passengers and lost control before the vehicle slammed into the tree. Three young women died at the scene, while a fourth later succumbed to her injuries in hospital. Four others, including the driver, remain hospitalized as investigations continue.

The tragedy’s impact reached the House of Assembly on Monday, where Members observed a moment of silence – led by Prime Minister Philip Davis – in honour of the young women whose lives were cut tragically short.

What has resonated most across the country is not simply how they died, but who they were.

Diamond Stubbs had just graduated from Old Bight High School in Cat Island as valedictorian and head girl. She was preparing to attend Langston University in Oklahoma on scholarship and was remembered by her father as an exceptional student who earned virtually every academic award presented at graduation while inspiring other young people to pursue their dreams.

Betrica Brown, who called both Cat Island and Abaco her homes, had recently travelled to Nassau to secure her student visa. Youth and Sports Minister Mario Bowleg said she was preparing to begin college on a volleyball scholarship.

Stania Webb had already distinguished herself at Langston University, where she earned both President’s List and Honour Roll recognition after graduating from Old Bight High School at just 16 years old. Family members remembered her as a quiet, ambitious young woman deeply committed to her Christian faith and education.

Speaking in Parliament, Prime Minister Philip Davis described the loss as heartbreaking, extending condolences to the families, classmates and loved ones whose lives have been forever changed. He urged Bahamians to keep those still hospitalized and the grieving families in their prayers. Similar expressions of sympathy came from across the political divide, churches, schools and communities throughout the country.

Some residents were also chided for sharing gruesome and graphic photos and video in the hours following the shocking car crash.  Relatives said it made a difficult, heartbreaking time more unbearable.

Condolences poured in from government and Christian ministers; The Bahamas Union of Teachers; The Bahamas Christian council and other leaders from across the islands.

The national tragedy extended beyond New Providence. Also on Sunday, 26-year-old Nica Julien lost her life in a separate traffic collision in Grand Bahama. Then, on Monday, a road traffic accident claimed the life of a 30-year-old man on the highway of Abaco.

Together, the six deaths have transformed what should have been a season of celebration with graduations and independence festivities in play, into one of national mourning, leaving families, communities and an entire country searching for answers—and praying that no more names are added to the list.

Continue Reading

Bahamas News

Twist of Timing Shifts Focus in Jonathan Gardiner Case

Published

on

The Bahamas, June 26, 2026 – Imagine boarding a plane for another Bahamian island, only for it to crash in U.S. waters during what now appears to have been a remarkable twist of timing.

Jonathan Gardiner’s Election Day flight has dominated headlines for weeks, but Thursday’s decision by a New York federal judge suggests the story may be far bigger than the crash itself.

Gardiner was denied bail after U.S. District Judge Gregory Woods described him as a danger to the community, a significant flight risk and concluded that the government’s evidence is “very strong.”

For many Bahamians, however, the public narrative has remained fixed on the approximately $30,000 recovered after the crash, including an envelope reportedly containing $5,000 intended for an unnamed politician.

Gardiner’s attorneys have argued the cash was legitimate, saying roughly $20,000 had been withdrawn from his business account the day before the flight. They also maintain the prosecution’s case is circumstantial and have argued that his speedy trial rights are being violated.

But prosecutors say the charges stem from a three-year federal investigation into an alleged conspiracy to import cocaine into the United States—not an investigation that began because a plane crashed in Bahamian waters.

That distinction may prove critical.

The crash brought the case into public view, but it may not be what ultimately determines its outcome.

The judge’s ruling raises a question that now deserves greater attention: What evidence from that three-year investigation persuaded a federal judge that the government’s case is “very strong”?

The answer may not lie in the cash recovered after the crash, but in investigative material that has yet to be fully presented in open court.

As the case moves toward trial, Magnetic Media will continue looking beyond the headlines and following the evidence that underpins one of the most closely watched criminal prosecutions involving a Bahamian in recent years.

Continue Reading

Bahamas News

He’s Not Dusting Off Yesterday’s Plan… He’s Trying to Rebuild Government  

Published

on

By Deandrea Hamilton | Magnetic Media

 

The Bahamas, June 26, 2026 – Just in case you thought Sebastian Bastian, The Bahamas’ first Minister of Innovation and National Development, was about to dust off Vision 2040 and carry on where others left off… think again.

In his maiden Budget Communication on Monday, June 15, Bastian unveiled what amounts to a blueprint to rebuild how the government works.

Not with another glossy vision document.

But with an execution machine.

The clearest indication came when the Minister acknowledged that while Vision 2040 was an important national achievement, it also exposed a weakness.

“So we are changing what we are building. The National Development Plan will no longer be a document we complete and set aside. It will be a living instrument — continuously reviewed, always current, resourced by full-time professionals, and grounded in real data — that shapes how this government, and every government after it, chooses its priorities. A plan is a document. What we are building is an institution.”

It is a remarkable shift in philosophy.

Instead of governments producing national plans every decade, Bastian wants professionals monitoring implementation in real time, measuring progress and ensuring administrations stay focused on delivering what they promised.

To Bastian, national development goes far beyond the roads, airports and buildings Bahamians can see. It also means creating the invisible infrastructure of government — smarter systems, better planning, reliable data, accountability and institutions that survive changes in political administrations.

His speech repeatedly returned to one central idea: government itself has become an obstacle to opportunity.

He described a Family Island entrepreneur waiting weeks or even months for approvals because government systems do not communicate with one another. He spoke of public servants trapped by outdated manual processes instead of serving people. And he highlighted an 18-year-old entering a workforce being reshaped by artificial intelligence before graduation.

As he explained:

“…our job is a practical one: to make government work better, to make The Bahamas easier to do business in, and to make sure our country and our people are ready for what comes next.”

For ordinary Bahamians, he said the objective is simple.

“…a government that is simpler, faster, and far easier to deal with… dealing with your government will get easier, year after year, by design.”

His ministry’s four pillars are ambitious: modernizing government, preparing the nation for artificial intelligence, developing Bahamian talent and driving long-term national development.

Among the initiatives announced were a National Artificial Intelligence Authority, the country’s first AI legislation, a National Digital ID, SmartGov productivity tools for public officers, connected government systems, a National AI Literacy Initiative, an independent National Planning and Development Institute and a Delivery Division dedicated to turning plans into action.

The speech stopped short in one important area.

While Minister Bastian thoroughly explained how government intends to transform itself, he did not establish the measurable targets by which Bahamians can judge whether that transformation is succeeding.

However, he did reveal the next milestone.

Beginning in August, the National Development Plan Secretariat will begin assessing the planning capacity of every ministry and department while establishing a national tracking system before the renewed development plan moves into execution.

With 23 ministries and offices in the Davis administration, Bahamians now have a timeline.

It would not be unreasonable for the public to expect Minister Bastian to return once that assessment is complete with the findings, benchmarks and measurable goals that define success.

After all, the Minister’s own philosophy leaves little room for anything less.

“Delivery does not happen by good intentions — it happens when you build the institutions to carry it: capacity for research and policy thinking; teams dedicated to implementation; structures that demand accountability; systems that measure progress; and continuity that outlives any election cycle.”

If this speech is any indication, Minister Sebastian Bastian is not asking Bahamians to judge him by promises.He is asking to be judged by performance.

Continue Reading

FIND US ON FACEBOOK

TRENDING