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Elnet Maritime Breaks Ground for New Center in Grand Bahama

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#Freeport, GB, August 29, 2018 – Bahamas – Minister of State in the Office of the Prime Minister, Senator Kwasi Thompson, said both foreign and local investors continue to display confidence in the Grand Bahamian economy by starting new businesses or expanding existing ones.

Minister Thompson, who was the keynote speaker at the groundbreaking ceremony for Elnet Maritime Center on Monday, August 27, 2018, noted that CEO of Elnet Maritime Ltd., Elbert Hepburn is a real example of what the spirit of Grand Bahama represents.

“The government has seen restored investor interest among foreign investors, as well as among Bahamians, right here in Grand Bahama,” added Minister Thompson.  “In fact, over the past year or so, there have been a number of new businesses started in Grand Bahama, as well as expansion of existing businesses.

“If there is anyone who says that Grand Bahama is dead, I tell them to open their eyes and they will see,” added Minister Thompson.  “I am in no way suggesting that business is booming.  I am in no way saying that we are doing all that we can and should do, but what I am saying is that there are Bahamians and other investors who are pushing their way through in Grand Bahama and they ought to be commended for contributing to the kind of economy that we would like to see.”

He noted that by virtue of Grand Bahama’s deep waters, its climate and proximity to the United States and its open geographical path to the rest of the world, Grand Bahama has proven perfect for the maritime industry.   “While we also seek to expand other industries such as tourism, technology and others, we want to continue to capitalize on maritime and ensure that Grand Bahama maintains its status as a major maritime and industrial hub in the region,” he said.

During the construction phase of Elnet’s new Maritime Center, Elnet intends to engage some 125 people through self-contractors.  Post construction, there will be opportunities for 80 to 100 new jobs in Grand Bahama.

Minister Thompson said he was excited to see Bahamian-owned businesses investing further into the local economy.  Minister Thompson said Elnet Maritime, which has been around for over 10 years, is a testament to what Bahamians can achieve through hard work, faith, innovation and dedication, and that innovation and entrepreneurship are key to Grand Bahama’s economy.

Since taking office, Minister Thompson pointed out that the government has committed to creating an environment that is conducive to the creation and growth of small businesses by way of providing funding, training programs and mentorship from other professions.

“The government has allocated 25 million dollars over the next few years – five million dollars this year.  I’m sure that a great portion of that five million dollars, when it comes to small businesses development, will be spent right here in Grand Bahama.”

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest also congratulated the CEO of Elnet, and the principals on the success of the business over the past 10 years.

“We know, based upon the history of this company and based upon your vision for Elnet, that this new endeavor will be very successful, and will continue to contribute to this island in a significant way,” said Minister Turnquest.   “This expansion, I believe, demonstrates to Grand Bahama and to The Bahamas that there is life here in Grand Bahama.  As a government we have intense discussions at least once a week about the future of Grand Bahama and what should be our response as a government and what initiative we should take to help develop this island.”

The Deputy Prime Minister noted that the step by the government to purchase the Grand Lucayan Resort was one of those initiatives or steps the government has taken to help develop the island’s economy, and that it was a demonstration of the government’s commitment to the economy of Grand Bahama and ensuring opportunities for the people of Grand Bahama and throughout The Bahamas.

“The story of Grand Bahama is in the success of entrepreneurship,” said Minister Turnquest.  “Bahamians, like Mr. Hepburn and others who have made the decision to invest in their own country.  Every day we fight to ensure that Grand Bahama gets the resources and attention that it needs.  But, in order for the government to be successful, we need the private sector to step up and take its rightful place.

“Through the small business development center that we are developing here, through the Bahamas Development Bank, through BAIC and all of the other entrepreneurial initiatives that we have, as well as the commitment of the government to put its money where its mouth is, there is opportunity, capital and even training for genuine, well-thought out businesses.”

By Andrew Coakley

Release: BIS

PHOTO CAPTIONS

BIS Photos/Andrew Miller

DPM BRINGS REMARKS – Deputy Prime Minister, the Hon. K. Peter Turnquest was among those bringing remarks during groundbreaking ceremony for Elnet Maritime Center on Monday, August 27, 2018.

SHOWING CONFIDENCE – Minister of State for Grand Bahama, Senator Kwasi Thompson, said expansion of Elnet Maritime is evidence of the confidence Bahamian investors have in the Grand Bahamian economy.

BREAKING GROUND – Deputy Prime Minister, K. Peter Turnquest and Minister of State for Grand Bahama, Senator Kwasi Thompson (second and third from right), were among those preparing to till the soil as a part of groundbreaking ceremonies for the new Elnet Maritime Center, located on Queen’s Highway, Freeport, Grand Bahama.  CEO of Elnet, Elbert Hepburn is center (fifth from left).

 

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Over a Week Later, Bahamians Still Waiting on Full Election Numbers

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The Bahamas, May 22, 2026 – More than a week after Bahamians voted in the country’s 2026 General Election, complete official constituency voting figures still have not been publicly released by the Parliamentary Registration Department.

While winners have been declared across the country’s expanded 41-seat Parliament, no centralized official breakdown showing constituency vote totals, turnout percentages, rejected ballots or margins of victory appears to have been published publicly.

The Progressive Liberal Party is widely reported to have secured 33 seats, while the Free National Movement won eight seats, according to tallies carried by several media houses, including the Nassau Guardian’s election tracker and other regional reports.

Still missing, however, are the underlying numbers which would allow the public to independently assess voter participation levels across the country’s 41 constituencies.

That absence is drawing increasing attention following an election already marked by concerns over long lines, advanced polling confusion, voter register complaints and questions about election administration.

Unofficial turnout estimates circulating in local media place national voter participation near 58 percent. If confirmed, that would represent the lowest voter turnout in modern Bahamian general election history.

Historically, The Bahamas has recorded strong election participation rates, with turnout often exceeding 80 percent in previous decades. But participation declined sharply in 2021, when official turnout fell to roughly 65 percent — at the time considered historically low.

Now, the Coalition of Independents says it plans to challenge aspects of the election process in Election Court and is escalating its criticism of the handling of the vote.

In a sharply worded statement issued to media, Coalition Leader Lincoln Bain announced the party will boycott the opening of Parliament, insisting the election was “flawed from start to finish.”

The Coalition claims the country cannot “celebrate ceremony while justice is ignored,” arguing that unresolved election concerns continue to hang over the legitimacy of the process.

Among the concerns raised by the COI are:

  • allegations of voter register irregularities;
  • claims that the voters register remained open after Parliament was dissolved;
  • accusations of vote buying;
  • concerns tied to the Pinewood constituency race;
  • alleged constitutional breaches involving undeclared government contracts;
  • and alleged conflicts of interest involving gaming operators serving in Cabinet.

The Coalition also referenced allegations surrounding criminal influence and drug-related claims connected to political operations, while calling for what it describes as a “serious local investigation.”

In its statement, the COI said there has been “no proper public accounting, no local investigation announced, and no Commission of Inquiry launched into these matters.”

The group is now demanding a formal Commission of Inquiry into the conduct of the election and related allegations.

Bain said the boycott of Parliament is “not a boycott of democracy” but instead “a stand in defence of democracy.”

The statement further argues that Parliament itself must be protected from “corruption, conflicts of interest, criminal influence, and electoral fraud.”

So far, election authorities have not publicly indicated when complete certified constituency voting figures will be formally released.

And that delay is becoming increasingly significant because the missing data includes the very numbers needed to understand whether Bahamians truly disengaged from the electoral process in record numbers.

If unofficial turnout estimates are accurate, it would mean voter participation in 2026 either matched or fell below the historically low 2021 election turnout — despite The Bahamas recording one of its largest voter registration totals ever, with more than 209,000 people listed to vote.

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

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OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

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

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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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