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Grand Bahama Minister states tourism growth experienced on island

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#Nassau, June 27, 2019 – Bahamas – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Monday, June 24, stated that while growth has been experienced over the past year, much more is expected.  Minister Thompson was making his contribution to the 2019/2020 Budget Debate in the Senate.  

There has been an increase in air arrivals in January, February and April of 2019; and for the calendar year of 2018, air and sea arrivals were up by 9.1 percent, he said.

There has also been an increase in exemption totals, since the increased duty allowance to $500 last year.  “Every dollar exempted, is a dollar saved by Bahamians either to buy more goods or to keep in their pockets.”

He also noted that there has been slight decrease in the unemployment numbers for Grand Bahama. “The latest Labour Force Survey which provides an indication of employment numbers between May 2018 and November 2018.

“Grand Bahama showed a significant decrease in the unemployment rate, from 12.4% to 11.9%.  It is the first time since 2008, the year which we commonly refer to as the modern day Great Recession, that the employment rate decreased below 12%.”

He continued, “It is also important to highlight that the number of discouraged workers also fell in Grand Bahama at a rate of 9.8%. This is a good indication that not only are more people finding employment but more people are hopeful of finding employment. These are two very good results for Grand Bahama.

“We are therefore motivated to work even harder. We also recognize that while the numbers show that generally things are getting better, we know things are not getting better for everyone. We all have a lot more work to do until we fulfil Grand Bahama’s true potential.”

Minister Thompson also referenced major tourism developments lined up for the island.   The Proposed ITM/ RCL investment – sale of Grand Lucayan and upgrades to the Grand Bahama Cruise Port. He said, “The signing of a Letter of Intent confirmed the agreement to enter into exclusive negotiations with Royal Caribbean International and the ITM Group for the purchase of the Grand Lucayan Resort and the redevelopment of the Freeport Harbour into a cruise port of choice. These negotiations have been taken place since April.

“Since creating Lucayan Renewal Holdings Ltd., the government has made it a priority to seek out the best purchaser for the 217-acre Grand Lucayan Resort in an effort to breathe new life into the island’s economy and create new employment opportunities for Grand Bahamians.

“What makes this joint venture project between RCI/ITM unique and exciting is it aims to combine the redevelopment of the Freeport Harbour as a cruise port of choice and transform the Grand Lucayan Resort into a theme park, featuring water-based family entertainment, with dining, gaming and entertainment options, and 5-star hotel accommodations. 

“Significant demand for both airlift and sealift to the destination is being created including the unleashing of much needed economic opportunities. The redevelopment of the Freeport Harbour is anticipated to include significant increase in cruise ship arrivals bringing an additional approximately 2 million passengers annually with the addition of multiple cruise lines calling on Grand Bahama.”

It is anticipated that some 2,000 jobs are expected to be created in the first phase.

Turning his attention to the much anticipated Carnival Cruise Port, Minister Thompson noted that this will be built on 329 acres of land and once completed, Grand Bahama will be home to Carnival’s largest cruise port to date, which will be able to accommodate up to six vessels at any given time. “Carnival has created a new website dedicated to the project [that it describes as such]: ‘The Grand Port project will be located at the Sharp Rock site, ensuring convenient movement between the cruise port and the main population center of Grand Bahama, which is just a few minutes away. This will generate considerable commercial activity on-island, further to the obvious impact of additional cruise calls.  The expanded commercial activity will allow the whole island to benefit from this development. The project will be designed and maintained to showcase the natural beauty and culture of the island.   It will reinvent Grand Bahama as a destination.’ ”

By Robyn Adderley

Release: BIS

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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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