Connect with us

Bahamas News

BAHAMAS: Small Business Development Program Launched in Eight Mile Rock

Published

on

Eight Mile Rock, GB, March 12, 2019 – Bahamas – The Government launched its Grand Bahama’s Small Business Development program in West Grand Bahama at the Eight Mile Rock High School auditorium, Friday, March 8, 2019.

After successfully launching the program in East Grand Bahama last month, Deputy Prime Minister and the Minister of Finance the Hon. K. Peter Turnquest said he wanted to give residents in Eight Mile Rock and West Grand Bahama the same opportunities to become successful entrepreneurs. He noted that the residents of Eight Mile Rock are no strangers to start-up businesses.

“You here in West Grand Bahama, you have a history of entrepreneurship and for anyone driving up and down the main street here it is evident. But is it not interesting that people still drive down to Freeport to shop?

“So, you have to ask the question, why have all the big businesses that were set up here closed down? I think what it says is that we have to first learn to support one another and then it tells me that before you launch into a business, you must first determine, by research, what it is the people in this community want. What sorts of businesses in this community will they support?

“The Small Business Development Centre (SBDC) will help you make that determination and give you an idea of just how viable your business idea will be for this community.”

Minister Turnquest told those who had gathered for the launch of the SBDC that when the Free National Movement came to office, they held a series of consultations and brain-storming sessions to see how they could create some sort of programs that would help to empower the ordinary Bahamian.

The creation of the SBDC was birth out of those consultations.

“Like you, we heard the cries that Bahamians feel by and large that there are advantages that are given to foreign investors that are not given to Bahamians. That a foreigner can come to this country, and because he has access to easy money or to networks, which Bahamians are not able to access, can get an advantage over us in our own country.

“Obviously that is inherently unfair.”

However, Minister Turnquest noted that for the most part, Bahamians have never been taught how to be entrepreneurs, or how to think with an entrepreneurial mind-set and to take risk. He said that Bahamians, as a people are very risk averse.

He said many Bahamians believe that they would like to be business owners, however, not that many are willing to take the risk, leave a secure job and go out to pursue their dreams.

“Thinking through this problem, we asked what could we do to address that lack of entrepreneurial thinking in our people, to address the fear that leads to this reluctance for people to strike out on their own, and how do we get financiers to get over their uncertainty of taking a risk on our people.

“We came up with this idea of the small business development centre, whose objective is to help the ordinary Bahamian to think through an idea. And those ideas can be diverse as we are a people.

“Some ask the question, ‘if I am interested in the creative arts, can I come to the Small Business Development Centre?’ The answer is absolutely. If you’re interested in agriculture, retail, wholesale, manufacturing, or intellectual property, you can come to the Small Business Development Centre.

“The idea is to have you be as creative and as opened as you possibly can.”

Minister Turnquest encouraged those present at the SBDC launch to “look within themselves” to discover their respective talents and to consider that desire of doing the things that would make them happy to get up each morning and pursue that dream in their hearts.

“Then we encourage you to come to the Small Business development Centre and talk through it with one of the Advisors, so that you can determine, with their help, whether your idea is commercially viable. It is great to have a hobby, but if you cannot turn it into money, then it is just a hobby.

“They will walk you through the idea, from the inception, to developing that business plan, so that we can test it to ensure that it is a reasonable idea. You are taken through the training so that you can understand business.”

The SBDC will then help the prospective entrepreneur to find the funding necessary to bring the business idea to fruition. DPM Turnquest said that one of the beauties of the SBDC program is once an individual goes through the SBDC, it gives their business plan credibility.

By Andrew Coakley

Release: BIS

Photo Caption: Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest (standing) addresses the crowd who showed up for the launch of the Small Business Development Program in West Grand Bahama at the Eight Mile Rock School Auditorium, Friday, March 8, 2019. Also on hand for the launch was Parliamentary Secretary in the Office of the Prime Minister and Member of Parliament for West Grand Bahama, Pakesia Parker-Edgecombe (seated, third from right). 

(BIS Photo/Andrew Miller)

Continue Reading

Bahamas News

New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

Published

on

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.

Continue Reading

Bahamas News

Nassau Opens CDB Annual Meeting at Baha Mar This Week

Published

on

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.

Continue Reading

Bahamas News

Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

Published

on

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.

Continue Reading

FIND US ON FACEBOOK

TRENDING