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Tech Summit adds over half million dollars to Grand Bahama’s economy

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#Freeport, GB, November 17, 2018 – Bahamas – According to Minister of State for Grand Bahama, Senator Kwasi Thompson, it has been estimated that the 2nd Grand Bahama Technology Summit has added over a half million dollars to the Grand Bahamian economy.

During his opening remarks at the 2nd Grand Bahama Technology Summit on Wednesday, November 14, 2018, at the Grand Lucayan, Minister Thompson noted that the Summit has exceeded expectations, resulting in the Office of the Prime Minister having to close online registration due to spaces filling up quickly.

“For this we are truly thankful,” said Minister Thompson. “Our journey has just begun and we look forward to new initiatives in the coming months.

“As we embark upon these three days (at the Summit) and we chart the way forward I encourage us to move forward with the mindset of ‘go big, or go home’. In Grand Bahama we can’t afford to think small or be small-minded. I believe, way down in my spirit that big things are about to happen but only if we are prepared to think big, believe big and Go big!”

Adding that it levels the playing field, and brings the world’s leading companies to an Island that some said would never recover. Information Technology is a part of business, it is a business and it attracts business.

The Minister of State for Grand Bahama said that the Government is concentrating on the revitalization of Grand Bahama’s economy by giving renewed energy to restoring well-known industries and expanding those newly budding.

“Though we have not yet fully achieved it, make no mistake about it, full restoration is in our grasp,” said Minister Thompson.

“Last year’s Summit led to the formation of the Technology Hub Steering Committee tasked to produce a strategic plan for Grand Bahama. This committee is comprised of various stakeholders with an aim to create a framework for addressing legislative changes, private public partnership, and policy reform. Efforts to engage in the promotion of Grand Bahama as a technology hub for our region also began. This was evident through our direct involvement in international trade missions designed to promote The Bahamas, and Grand Bahama.”

Minister Thompson pointed out that one year later, since the launch of the first GB Tech Summit, Grand Bahama has new partners, new businesses, new jobs and new programs.

He said companies like GIBC Digital, which established an office in Grand Bahama only a few months ago, has invested significantly in Grand Bahama, but more importantly in Grand Bahamians. They have trained and hired 30 Bahamians as well as they continue to be good corporate citizens.

Also, the Minister highlighted Itelbpo, a tech call center, which has been in Grand Bahama since 2013, but which recently announced its expansion and hiring of 100 additional Bahamians, 25 of whom have already been hired.

“We also welcome the principals of international tech companies like Dev Digital and Skyward Techno who have recently applied to the Government to set up offices in Grand Bahama, proving that Grand Bahama remains attractive to international tech companies,” added Minister Thompson.“We welcome all international companies and will shamelessly be courting you for the next three days to come to Grand Bahama.

“We cannot forget, that this Summit is all about highlighting Grand Bahama as a place to live, play, work and Invest. We have brought the world to Grand Bahama to give them a taste of who we are and what we can offer. We are open for business and we want your business.”

Minister Thompson noted that this year’s Summit was bigger and better, not just in terms of numbers of attendees and participants, but in terms of its focus. With education the main focus of this year’s Tech Summit, Minister Thompson welcomed to the Bahamas international learning partners like Cisco Systems and CompTIA (https://www.comptia.org/), who have training modules with Certificates on Corporate Digital Transformation, Cyber Security, Networking and Programming.

He also made special mention of companies like Red Hat, Oracle, Dell, Palo Alto, Veeam, IDB and Cheryl Bayer, all of whom will conduct smaller learning sessions on topics like Next Generation Firewall, Tools to Fund technology and Innovation Projects, Preventing Advance attacks, Cyber Crime, and Solving everyday problems using Technology.

“We also welcome high level Government contributors particularly our Prime Minister who has been the driving force in our digital transformation and the Minister for Education, who has made significant progress in developing our human capacity,” said Minister Thompson.

“We welcome other senior government officials particularly Permanent Secretary in the Office of the Prime Minister Elise Delancy, who is responsible for Modernization, Digitization and E-Government, whom I am privileged to work with. This initiative has the potential to change the Bahamas Government as we know it.

“This Summit has also attracted important Regulators like Christina Rolle of the Securities Commission, who will lead discussions on Crypto Currency Regulation for the Bahamas, a topic which has attracted an enormous amount of attention nationally and internationally.

“This presentation will be highly anticipated given the success of our first Blockchain and Crypto currency conference and the recent release of the draft framework by the Bahamas Central Bank.”

Minister Thompson announced that the government will be partnering with the YMCA and BTVI teaching Coding to 100 young Grand Bahamians in a new youth ICT program.

They are also in the final stages of an App Development program, which will train and fund participants in App development.

 

By Andrew Coakley

Release: BIS

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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