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Grand Bahama Residents Urged to Take Advantage of the Opportunities

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#Freeport, GB, February 21, 2019 – Bahamas – Grand Bahama’s economic season is changing, said Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Thursday, February 21 at the official opening of the Grand Bahama Business Outlook.

The 21st annual Grand Bahama Business Outlook 2019 is being held under the theme, “Connecting Resources, Maximizing Opportunities, Transforming Grand Bahama” at the Grand Lucayan Convention Centre.

The sentiments expressed by the Minister received a rousing round of applause from the room filled with business people and students.  Also in attendance were President of the Senate, the Hon. Katherine Forbes-Smith; Parliamentary Secretary in the Ministry of Works and Utilities, Iram Lewis; Senator the Hon. Jasmine Darius as well as senior government officials and executives from the Grand Bahama Port Authority.

“This is a critical time for us in Grand Bahama. I dare say, it is one of the most important times in our generation.”

Quoting Ecclesiastes 3:1, “To everything there is a season, and a time to every purpose under the heaven” he continued, “For years, we have been in a very economically challenging season. It is my considered view that Grand Bahama’s economic season is changing. Therefore, I am prepared to say without reservation, the future outlook for Grand Bahama is bright.”

A report from the Grand Bahama Port Authority states there has been an increase in approved and issued licenses, as well as the report from Inland Revenue of 388 new licenses in East and West Grand Bahama, the island is experiencing steady growth. With a steady reduction in unemployment and an increase in stop-over visitors in tourism, the island is moving in the right direction but there is still much more to be done.

Giving an overview of what is taking place or about to take place on the island, Minister Thompson touched on the sale of the Grand Lucayan as well as the West End Development. The recently announced Carnival Cruise Port was mentioned, and he advised residents to prepare themselves and seize the opportunity as it is expected that 12,000 passengers will visit the island daily, compared to the 2-3,000 that visit twice weekly now.

“So between now, and 2020, we have a lot of work to do. Through this project we have an opportunity to reintroduce Grand Bahama to the world as a premier cruise and tourist destination.

“Grand Bahamians, now is the time to think about restaurants, Junkanoo shacks, retail stores, food and beverage logistics, entertainment, native shows, recreational activities. Carnival will not do this, we must!

“The port will also serve as a transportation hub for tours, taxis and rental cars. This will mean more boat tours, fishing tours, island tours, sports tours like golf and tennis, West End historical tours and East End eco-tours. Carnival will not do this, we must!

“The heavy lifting must be done by Grand Bahamians.”

Announcing a new development, Minister Thompson said the Government has approved in principle the Western Atlantic University School of Medicine to be located in Freeport. Made up of former Ross University professionals, the newly-formed medical school is now continuing their approval processes and hopes to welcome students in September 2019. 

It is expected that the first phase of a $10 million building by the developers will begin and the project will provide 200 jobs.

As Grand Bahama continues to be dubbed the tech hub of the region, two companies GIBC and i-tel BPO, are currently operating on island. “Other companies recently approved under the Commercial Enterprise Act on Grand Bahama include: G.B. Biopharma, a company engaged in biomedical services; DevDigital Bahamas Limited, a Bahamian joint venture web development company; Skyward Techno is another company going through the approval process, a computer software company which developed highly advanced business software solutions. Over the next five years, Skyward Techno has revealed plans to create 100 full time jobs and 180 part time jobs with a budget of $2 million.

Agriculture Enterprises Development Limited, a Bahamian joint venture farming company that will engage in a pilot fruit and nut farm producing coconut, castor and palm oil for the local market and for export; and another Bahamian joint venture company, Bahamas Golden Harvest Limited, was approved to establish a chicken hatchery, produce eggs, chicken feed, cash crops and citrus on East End Grand Bahama.

“We will make our immigration policy more attractive for Tech investment. We are now finalizing draft legislation to create a special visa, known as the BH-1B Visa in keeping with recommendations made by the Grand Bahama Technology Steering Committee. This would be particularly for companies seeking to relocate their development teams to the Bahamas to retain specialized talent.  The committee proposes that through the imminent population growth as a result of this program Grand Bahama will see significant economic impact in the areas of housing, national insurance, food, entertainment, education, healthcare and government taxes among other industries.”

Minister Thompson also addressed free education at BTVI, UB which is expected to begin this fall, and courses currently being carried out at the YMCA.

Small businesses, he said, are getting a major boost with the assistance from the Ministry of Grand Bahama’s Micro & Small Business Grant program where to date, some 197 participants have received the training and 87 have received grants for their businesses resulting in a total of $371,000.

He said, “Further, Grand Bahama’s Small Business Development Center was launched in January. In his official address, the Deputy Prime Minister noted that The SBDC is the centre stone of the Government’s campaign to stimulate Bahamian ownership, to invest in entrepreneurs and to provide micro, small and medium sized businesses the incentives and assistance needed to survive and thrive.  This is a core part of our recipe to grow the economy in Grand Bahama and thereby create jobs and wealth.  The SBDC takes a holistic approach that considers the full range of needs that entrepreneurs have: being training, financing and mentorship.  The Government has leveraged some $5 million in order to secure up to $9 million worth of financing for small businesses across the country. We have done this largely thanks to an unprecedented partnership with domestic commercial banks, the Bahamas Development Bank, and The Bahamas Entrepreneurial Venture Fund (BEVF).  Through the SDBC, Bahamian entrepreneurs will have access to: Government Guaranteed Loans; Business Grants; and Equity Financing.  And a large portion of the grants will be earmarked specifically for youth up to the age of 40 from the Family Islands.

“This is just another of several initiatives aimed at empowering Bahamians.  Grand Bahama, I urge you to take advantage of these opportunities.”

By Robyn Adderley

Release: BIS

Photo Captions:

Header: Grand Bahama business people heard on Thursday, February 21, that Grand Bahama has a bright economic future with the current and future projects. This message was delivered by the keynote speaker, Senator the Hon. J. Kwasi Thompson, Minister of State for Grand Bahama in the Office of the Prime Minister.

Insert: Many business people in Grand Bahama attended the 21st annual Grand Bahama Business Outlook 2019 at the Grand Lucayan. The event, hosted by The Counsellors Limited, was held under the theme, “Connecting Resources, Maximizing Opportunities, Transforming Grand Bahama.” The keynote speaker was Minister of State for Grand Bahama in the Office of the Prime Minister, Grand Bahama, Senator the Hon. J. Kwasi Thompson (fourth from right). Next to Minister Thompson is Parliamentary Secretary, Iram Lewis and shown at the far right is Senate President, the Hon. Katherine Forbes-Smith.

(BIS Photos/Andrew Miller)

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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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