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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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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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