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BAHAMAS: Economic Growth Must Be Felt by Everyone says Prime Minister

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#Nassau, January 29, 2019 – Bahamas – Economic growth must be inclusive and must be felt all across the country for all Bahamians, Prime Minister the Most Hon. Dr. Hubert Minnis said on Monday in his first Report to the Nation for 2019.

The Report, the first of three to be delivered by the Prime Minster over the next few weeks, outlined what the government is doing to boost economic growth, help create jobs and provide greater opportunity for all Bahamians.

“Expanding our economy is key to economic growth,” said Prime Minister Minnis.  “I fully understand the economic anxieties of so many Bahamians.”

A dynamic mix of Bahamian and foreign investment projects is part of the government’s strategy to drive growth and expand the economy, he said.

The Bahamas Investment Authority will be restructured to include a promotional arm, which will be used to increase Bahamian and international partnerships and foreign direct investment.

“This promotional arm will be critical for economic expansion and growth,” said Prime Minister Minnis.  “It will facilitate investment promotion tours with participation of both private and public stakeholders.”

Since mid-2017, the government has approved an estimated $3.7 billion in foreign investment projects, said the Prime Minister.  He noted that many of the projects, once approved, immediately contract Bahamian firms for legal, accounting, project management, engineering, environmental, architectural, consulting and other professional services.

Another key element in growing the economy is to do much more to help Bahamian entrepreneurs and small businesses, said Prime Minister Minnis.

The government has committed to invest $25 million toward small business support over five years. The recently launched Small Business Development Centre (SBDC) is up and running and so far, approximately 500 Bahamian entrepreneurs have had consultation or participated in seminars through the centre, said the Prime Minister.

For this fiscal year, the government has pledged support in $5.5 million for loans, grants and equity injections into Bahamian small businesses.  Together with private sector partners, the total level of support will come to just under $7 million in funding directly to Bahamian entrepreneurs and small businesses.

Of this amount, $450,000 will be spent to provide grants to young underprivileged Bahamians from throughout the country, from poor neighborhoods and poor families – to support their business aspirations.  So far through the SBDC, seven companies have been approved for funding to either begin or to expand their businesses for a collective total of $1.5 million, with more credit to be extended.

“Once these small businesses are provided with capital, they can contribute to the fabric of the economy by providing new businesses by Bahamian entrepreneurs and jobs for Bahamians,” said Prime Minister Minnis.

The government has also committed to enhanced training for aspiring entrepreneurs through the Bahamas Technical and Vocational Institute (BTVI) and the University of The Bahamas (UB), he said.

The ‘Be Your Own Boss’ (BYOB) Scholarship offers $1,000 in tuition support to students between the ages of 18 and 25, who will enroll full time in preparatory, certificate, diploma and associate degree programs, which will train them with the necessary technical and vocational skills to start a business or secure employment.

“Equipping our students with these types of opportunities will create both jobs and products to help grow the economy. We anticipate expanding this initiative in the upcoming budget,” said Prime Minister Minnis.

To help new business startups, the Ministry of Finance recently announced the roll out of a provisional business license implemented by the Department of Inland Revenue.  The provisional license allows individuals wishing to start a new low-risk business to do so in five days or less.

Once granted the provisional license, which will be valid for 90 days, businesses will be allowed to be up and running, while they work to complete the full business license process by obtaining all the necessary documents for completion.

The fee for starting a new business has also been waived, and the application process has been consolidated through one application through the Department of Inland Revenue.

“This has made the process much easier for those wishing to launch a new business,” said the Prime Minister. “We will ensure that we continue to refine the process even more.”

Prime Minister Minnis said he has also pressed his ministers to address the unacceptable amount of time it takes for Bahamians and foreigners alike to open a bank account.  He acknowledged the importance of the ‘Know Your Customer’ Rules, but said it was just as important that Bahamians be able to go to a bank and open an account with little hassle, once they have the proper identification.

“Instead of finding excuses as to why it cannot happen, I want the Central Bank, the Ministry of Finance, the commercial banks and the private sector to tell me how it will happen,” said Prime Minister Minnis.

The Prime Minister said that while the country is making economic progress and the economy is growing there is still much work to do to boost jobs, especially among young Bahamians.

“We must expand even more, and do all we can to secure our middle class and to move more Bahamians out of poverty,” said Prime Minister Minnis.

 

Release: Office of the Prime Minister

 

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Prime Minister Commissions Completed Rooftop Solar Installations at UB

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Prime Minister Commissions Completed Rooftop Solar Installations at UB, July 3, 2026

By Lindsay Thompson

Bahamas Information Services


NASSAU, The Bahamas – Prime Minister the Hon. Philip Davis participated in ceremonies commissioning Completed Rooftop Solar Installations at the University of The Bahamas, a move towards energy sustainability.

Prime Minister Philip Davis

“Today, we turn a new page on how we power our lives, how we protect our environment, and how we define Bahamian leadership in the 21st century.

Energy is foundational to national development,” the prime minister said.

The ceremony commissioning installation completion, under the Reconstruction with Resilience in the Energy Sector in The Bahamas (RRESB) programme, was held on Friday, July 3, 2026 at Courtyard Choices, University of The Bahamas.

“With this commissioning, the University of The Bahamas takes its place at the vanguard of our energy transition. You are setting an example and proving your commitment to stewardship – leaving our islands better than we found them,” the prime minister said.

He said it was good to mark the commissioning: “The country has turned a new page on how we power our lives, how we protect our environment, and how we define Bahamian leadership in the 21st century,” he said.

The prime minister regarded energy as fundamental to national development, and added, “It determines how effectively we educate our children, how reliably we deliver healthcare, and how competitive our businesses can be.”  So, today is about solar panels, yes.  But it is also about how we power this country and what that means for the future we are building together. This is why programmes like RRESB matter.”

He said that it reflects his administration’s commitment to strengthening the systems that underscore daily life in the country, while building a country that is more sustainable and more energy-secure.

“We live on the frontlines of a changing climate.

“We have felt the fury of the winds and the rising of the tides. We know, better than most, that the old ways of generating power – reliant on volatile oil and fragile, centralized grids are no longer enough to guarantee our safety.

“This is why this administration will continue to strengthen our critical infrastructure and improve the resilience of our energy sector.

“As Prime Minister, I see these investments as investments in our future. They will serve our country for many years to come – while reflecting a broader shift in how we think about development.

Minister of Energy, Utilities and Aviation JoBeth Coleby-Davis

The Prime Minister said: “Sustainability is no longer separate from growth – it is essential to it.”

He extended sincere appreciation to Mr. Ruiz, Head of Cooperation at the Delegation of the European Union to Jamaica, Belize, The Bahamas, The Turks and Caicos Islands and the Cayman Islands, and to Mr. Fache, Program Manager with the European Union Delegation, for their partnership.

And, he commended partners at the Inter-American Development Bank, the University of the Bahamas, the Project Execution Unit, AnO Technologies, the Hon. Jobeth Coleby-Davis and the Ministry of Energy, Utilities and Aviation for their dedication and expertise in implementing this program.

“Today’s achievement reflects what can be accomplished when we work together in pursuit of a stronger Bahamas.

“This is the work of nation-building. It is not accomplished in a single day or in a single project. It is steady work – consistent and purposeful.”

 

(BIS Photos/Kristaan Ingraham)

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

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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.

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Twist of Timing Shifts Focus in Jonathan Gardiner Case

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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.

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