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BAHAMAS: Government Supports Drives Growth and Development of Agriculture Sector

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#Nassau, October 6, 2018 – Bahamas – The Bahamas Agriculture and Marine Science Institute (BAMSI), along with similar agencies, will stand as the ‘saving grace’ of an agriculture sector in desperate need of capacity building, a senior executive from BAMSI said earlier this week.  A critical review and analysis of the sector’s historical position and its future growth projections clearly show that an increase in trained personnel, wider access to improved research and cutting-edge technological advancements, and improvements to extension/support services to farmers and other producers are key in transforming an industry and redirecting its path toward steady growth.

The comments came on the heels of media reports that the Inter-American Development Bank (IDB) is suggesting the Government reduce its fiscal ties both to the industry and agencies designed to support it.

Alaasis Braynen, general manager and chief executive officer of BAMSI, said “The Bahamas government’s financial intervention to BAMSI and other such agencies is crucial to realizing the positive expansion of the industry as seen in a number of critical protocols; an increase in qualified technicians and industry experts, increased engagement in local research and technological advancements and greater access for farmers to the findings, and improved support to local producers through training, seminars, etc.

“Without such intervention and financial support by the government, with all things remaining status quo, there will be no stopping the ultimate and total collapse of the industry.  This will increase the overall risk of the economy of the Bahamas due to the lack of diversification.”

He pointed out that BAMSI in particular has churned out qualified graduates who are now actively involved in the agriculture sector.  Some are producers – farmers, extension officers etc., and others are situated within the value chain between production to sales.  They are essential for the personnel growth within these

industries.  The Research/Tutorial Farm at BAMSI focuses on producing fruits/vegetables throughout the year and introducing varieties best suited for this climate which in turn increases the yields, and from a financial perspective, creates a surge in net returns for Bahamian farmers. According to Mr. Braynen, the organization is now stretched throughout the archipelago, with offices in Eleuthera, South Andros, Mayaguana, Long Island and Exuma, to link the needs of the farmer and the help they need for best practice results.

In contrast to the work of BAMSI and other public agencies, the private sector is by necessity profit driven.  “To suggest the private sector would willingly get involved in increasing the number of technically trained individuals without a selfish financial benefit is wishful thinking.  To seriously believe it will sink money into improving technology/research which may not improve their bottom line or that they will fund an extension service organization of which they do not directly benefit, is an ‘Alice in Wonderland” theory,” Mr Braynen said.

While he acknowledged that agriculture’s contribution to the GDP is relatively small, he argued the sector was vital for economic diversification which must be bolstered to further reduce the risk of a singular economy.

Mr Braynen said because the financial support is being used to assist an industry which is conditionally critical, the percentage to gross farm receipts is noteworthy.  “Pricing structures from financial giants like the United States or neighboring countries which are totally agrarian creates unrealistic market prices in the Bahamas.  Once the foundational support is in place and economies of scale begin to take hold, not just more favourable pricing adjustments will be made but the benefits and access to healthier foods will broaden.

“Obesity, diabetes, high blood pressure and other non-communicable diseases are directly killing this nation because of the food we eat. We presently know not what our bodies consume and where there is an unknown there lies the risk.”

 

Release: BAMSI

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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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