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GBPA Hosts Successful Capital Arena and Prepares to Announce Cohort II Winners

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#Freeport, GB – April 13, 2019 – Bahamas – Friday 5th April marked the closing of two intense days of battle between Judges and Gladiators of GBPAs Capital Arena Initiative, a grant funding program created by The Grand Bahama Port Authority, Limited (GBPA) in January 2017, as a small business development initiative of its Invest Grand Bahama Small Business Bureau (IGBSBB).

Now in its second year, Cohort II launched in early January, opened to existing business owners and aspiring entrepreneurs. The deadline for submission of proposals was February 28th, 2019. As explained by Ian Rolle, President of GBPA, entries for Cohort II were double that of last year.

“I am advised that this year we received nearly 100 submissions, which featured several unique, innovative and sustainable business ideas,” cited Rolle. “Personally, the number of millennials that submitted, and the types of businesses they introduced were very impressive. If we can provide opportunities for this generation of entrepreneurs, I believe they can help chart a bright future for Freeport.” Rolle continued. 

Only 18 Gladiators (semi-finalists) advanced to Round II Judging for ‘In-Persons Presentations’, where they faced a panel of 4 Judges, each knowledgeable in key areas including Technology, Innovation, Finance, Entrepreneurship, Operations and overall Business Strategy.

“The quality of business proposals from this Cohort was significantly stronger than last year’s,” expressed Derek Newbold, Sr. Manager of Business Development for GBPA.


“Not only did our Judges have the awesome task of reviewing the various plans, but scoring them according to the submission criteria, which filtered our 18 Semi-Finalists for Round II Pitching. The diversity of plans submitted was impressive and challenged us to examine proposals more creatively during the scoring process, which I can confidently say we did. In fact, some plans if presented 5-7 years ago would not have even made it. However, through the use and application of technology, so much more is possible and can be accommodated within Freeport’s economic landscape; and it was this type of innovation we wanted to embrace.” Newbold stated.

Finalist from Cohort II can secure up to $15,000.00 in grant funding to start or grow their businesses. They will also receive Entrepreneurial Training as designed by the University of The Bahamas exclusively for Capital Arena finalists and paired with a mentor to complete the program. Filming of Capital Arena episodes was staged at Canal House of the Pelican Bay Resort, with set designs provided by the Home Design Center. Seasons I and II will air sometime this year, featuring participants from both Cohorts.

“Considering the amazing opportunities coming on stream for Grand Bahama, Cohort II clearly demonstrated that Grand Bahamians are ready to embrace a new era of opportunity and success, especially the younger generation,” expressed Dean Seymour, GBPA Chief Financial Officer and Capital Arena Judge. “Whether your business idea is a start-up or an expansion; now is the time to move on it,” Seymour added.

Cohort III will launch this Winter, giving existing business owners and aspiring entrepreneurs new opportunities for business success. GBPA Business Services Manager and Project Director for Capital Arena, LaShawn Dames encouraged individuals interested in submitting a proposal to prepare early. 

“Preparation is key,” she said. “Candidates that prepare well perform the best during presentations; these become our Gladiators.  They know their business models, understand their market, competition and how to differentiate themselves. With all the free business planning resources now available, either through GBPA’s IGBSBB, the Chamber of Commerce, BAIC and others, submissions are now stronger and more competitive. That said, if you want to compete in Capital Arena or any other business plan competition, you must come prepared.“

Winning Gladiators from Cohort II will be announced during a press conference later this month. 

Press Release: Grand Bahama Port Authority

Photo Captions:

Header: Friday 5th April marked the closing of two intense days of battle between Judges and Gladiators of GBPAs Capital Arena Initiative. Candidates faced a panel of 4 Judges, each knowledgeable in key areas of Technology, Innovation, Finance, Entrepreneurship, Operations and overall Business Strategy. Pictured from Left to Right: Ian Rolle – GBPA President; Deann Seymour- Chief Financial Officer; LaShawn Dames – Business Services Manager; Nicole Colebrooke – Customer Relations Manager and Derek Newbold – Sr. Manager of Business Development.

Insert: 18 Semi-finalists made ‘In-Person Presentations’ pitching their case for funding, to start or grow their businesses. Pictured: Gladiator Hillary Huyler Jr. delivering his business proposal to Capital Arena Judges last week.

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Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Energy Minister Delivers Electrifying Keynote Opening Address at CAREC 2026  

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NASSAU, The Bahamas – The Bahamas’ Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, delivered an electrifying address during the opening ceremony of the 2026 CARILEC Resilient/Renewable Energy Community (CAREC) Conference and Exhibition, being held October 18–22, 2026, at the British Colonial Hotel in Nassau, The Bahamas.

Under the theme “Empowering Progress: Strategic Policy and Planning for the Energy Transition,” the event draws more than 200 industry leaders, policymakers, regulators, and energy professionals committed to advancing practical strategies for sustainable and reliable Caribbean power systems through renewable energy and emerging technologies.

During her address, titled “The New Energy Era: Transforming Policy into Progress,” Minister Coleby-Davis reminded attendees that The Bahamas’ national motto, “Forward, Upward, Onward, Together,” aptly describes what the region’s energy transition demands.

“Empowering Progress speaks directly to our national motto. Not waiting for progress, but creating the conditions that allow progress to happen. Meaningful progress, however, does not occur by accident. It requires vision, sound policy, strategic planning, strong institutions, and the determination to turn decisions into results,” said Minister Coleby-Davis.

Participants acknowledged that small island developing states share similar pressures, compounded by geographical challenges, small electricity markets, ageing infrastructure, geopolitical influences, and the growing threat of severe weather.

Tasked with ushering in a new energy era across the islands while addressing the challenges posed by The Bahamas’ unique archipelagic composition, Minister Coleby-Davis said, “Every island needs a different answer, but the same logic. As an archipelagic nation, we must provide electricity across many islands, each with its own demand and infrastructure needs. Our strategy, therefore, must be national in direction, but responsive to individual communities.”

Restating her Ministry’s three core messages—that energy is an economic and security priority, technology must be viewed as a tool to support strong institutional leadership, and natural gas should be considered a bridge, not a destination—Minister Coleby-Davis reiterated that “progress must now be reflected in functioning infrastructure, effective institutions, and better electricity services: from policy commitments to coordinated implementation, and from fragmented investment decisions to long-term planning.”

Organised by CARILEC and co-hosted by Bahamas Power and Light (BPL) and Grand Bahama Power Company (GBPC), the annual Conference and Exhibition brings together the Caribbean energy community to advance practical solutions to the region’s most pressing energy challenges and accelerate progress towards more resilient, reliable, and sustainable power systems.

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Rosewood Exuma: A precedent-setting case for environmental law and future development in The Bahamas  

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By Eric Carey, ONE Consultants, former Executive Director of the Bahamas National Trust. 

We are facing an extraordinarily important moment in judicial history in The Bahamas as we await a decision on the trial of allegations in the Yntegra group’s Rosewood Exuma project.

As former Minister of the Environment, Romauld Ferreira, put it in the Supreme Court last week: “A lot is at stake…a  great deal of what will be considered in this case sets the stage for what’s to come for future development in the country.”

In the trial of the judicial review of government approvals given to Yntegra for their Rosewood Exuma resort this week, we’ve heard technical arguments about failure to make key environmental documents like Yntegra’s Environmental Impact Assessment and Environmental Management Plan available to the public, failure of key documents to assess some of the most controversial aspects of the project, an unlawful consultation process, and a failure to conduct further consultation following major changes to the development.

Lawyers for Turtlegrass described how there was a “salami slicing” of the project into chunks as a way to circumvent the approvals process and disguise its full impact from public scrutiny. Only certain portions came before the public and key stakeholders like Turtlegrass and Over Yonder Cay for scrutiny, while some of the most controversial aspects did not. This is particularly problematic given what is at stake – the dredging of a beautiful Exuma bay, the North Bay, to transform it into an industrial shipping channel, complete with an enormous seawall, dock, back-of-house facilities and other industrial infrastructure.

It is unfortunate that it has had to come to this – an expensive judicial review process that calls out the government for falling down on its duties to protect the environment and follow the law – but it is important and the broader implications should not be overlooked. When Justice Leif Farquharson rules on this case, he’ll set a precedent that could echo in The Bahamas for years to come, one that answers the question: are the 2019 environmental laws that Ferreira took to parliament after many years of advocacy by environmentalists toothless tigers that are just for decoration – or are they capable of protecting the environment that we all depend on and the rights of those affected by projects to have a genuine say in them?

What is curious is that at the same time as these points are being raised in court as part of the judicial review, we are seeing personal attacks about Bob Coughlin – the person spearheading this legal action and test of environmental laws – by online trolls. Coughlin, an Exuma resident for almost a decade, has long been established as an environmental advocate and a passionate philanthropist – one who has donated almost $4 million to causes in The Bahamas since 2018, including millions to the organisation I once led, the Bahamas National Trust.

For reasons one can only speculate about, these trolls have been trying to make out all sorts of absurd things: that his legal action in support of environmental protection is a petty dispute born out of fears of competition. That Coughlin no longer even wants to pursue his eco-tourism project, when the reality is that he was forced to put it on hold because of the destructive environmental plans that are in dispute. That he is the only one who has an issue with this Rosewood Exuma resort, when in fact, neighbouring resort, Over Yonder Cay – one of the top rated resorts in the Caribbean – as well as the Save Exuma Alliance – consisting of most of the local islands and businesses in the Exuma area, and thousands of petition signers have expressed their concern with the project – over 9,000 to date. Most ironically, they claim, wrongly, that Coughlin received crown land for personal use, when in fact it is Yntegra who received crown land while having no development track record, when Coughlin instead bought his lease on Sampson Cay from a private owner.

The timing of these claims, in the week of the trial, suggest a patronising and cynical attempt to distract from the gravity of the case being heard, what it represents, and how important this decision is. With their simplistic, jingoistic and factually-dubious references to crown land, white foreigners, and the like – it’s not hard to imagine that those involved are engaged in a ploy to push the buttons of Bahamians who they apparently believe can be too easily distracted into ignoring the real issue here: that the government, has – in the words of those in the Supreme Court this week – “run roughshod” over environmental laws with its approvals for Yntegra’s Rosewood Exuma project and that this is truly a landmark case and the decision will have a long-lasting impact on future development. This is at a time when foreign direct investment (FDI) inflows into the Bahamian economy are forecast to increase by as much as two thirds over the next two years, according to the Inter-American Development Bank (IDB).

So I call on my fellow Bahamians to stay focused. This is not a story about one man – it is a story about the future we want for our country and whether we are willing to sacrifice our ability to demand environmental accountability in all developments moving forward. There is too much at stake to be thrown off the track by trolls.

As Ferreira says of the judicial review that now awaits Justice Leif Farquharson’s judgement: “This is the first set of litigation, serious litigation, that takes a deep dive into the Environmental Planning and Protection Act and the environmental impact assessment regulations…There’s a lot at stake here.”

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