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Bahamas Development Bank Op-Ed highlights fragility of economy and opportunities for innovation

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#TheBahamas – March 22, 2020 — The evolving COVID-19 pandemic is testing the resiliency of global systems.

Prime Minister, The Most Hon. Dr. Hubert Minnis has cautioned Bahamians that there is no need for panic buying, as the country has sufficient supplies either in inventory or on order to last several months. Still, this crisis highlights the fragility of modern life in a country that produces very little of what it consumes. Further, dependence on a single industry leaves The Bahamas particularly vulnerable to economic shocks. The interconnected world means that no disease is truly distant.

Bay Street with suspension of cruise industry until April 30 due to COVID-19

Climate change will generate more frequent and powerful storms, increase the salinity of our freshwater resources and ultimately pose significant threat to business as usual.  Self-sufficiency must be treated as a national security issue, and given the attention and investment required to make serious progress.

Firstly, without the ability to feed our population, we cannot consider ourselves to be a true sovereign nation.  Although we cannot match the subsidies that our American neighbors provide to their farmers, we can strengthen our agribusiness sector by improving access to financing, land grants, technical support, and agricultural research.

The Apiary Program in Grand Bahama, developed by The Bahamas Development Bank in partnership with other agencies, combined workshop training and financing to create 6 new businesses that produce honey and value added products.

Similarly, The Long Island Small Ruminant Program launched 3-5th March aims to revitalize sheep and goat farming and ultimately create a viable commercial livestock production center with the capacity to supply domestic and international markets.

The Bahamas Development Bank is also crafting a program for small scale poultry production that will provide a consistent, high quality natural alternative to the cheaper, older and less nutritious chicken, that is the main product currently offered to the Bahamian consumer. These programs can immediately be expanded to increase domestic food production.

Secondly, resilience will require technological innovation, new models, and forward thinking. Relying on benevolent foreign investment will not provide us with true economic empowerment. We are blessed with talented young people, brimming with ideas and willing to work hard if given the opportunity.

As part of The Bahamas Development Bank’s commitment to the UN Sustainable Development Goals we are working to empower young people through projects in creative industries and renewable energy.

The Bahamas will recover from the COVID-19 pandemic. The government has outlined a comprehensive plan to limit the spread, cope with the infirmed and support businesses. The Bahamas Development Bank, along with other Development Finance Institutions, is poised to extend concessions and channel financing to support industry where needed, in accordance national directives from The Ministry of Finance. Our indomitable spirit will see us through to the days ahead. We must however, heed the lessons of this moment and increase investment in self-sufficiency, economic diversification and Bahamian empowerment.

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

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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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