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Centre for Entrepreneurship and Innovation to Catalyze Business Resilience in Grand Bahama

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#TheBahamas, February 11, 2022 – University of The Bahamas (UB) and the Inter-American Development Bank (IDB) have formalized a partnership aimed at sparking innovation and entrepreneurship in Grand Bahama and developing capacity in digital technology for small business persons.

Officials of UB and the IDB have signed a technical cooperation agreement, commencing a three-year project for which the IDB is contributing a $500k grant and the University is matching that commitment. As a result, a Centre for Entrepreneurship and Innovation and business incubator will be established at University of The Bahamas-North (UB-North) in Grand Bahama where entrepreneurs will be trained, mentored and facilitated in using digital technology to increase their resilience.

IDB Country Representative Mrs. Daniela Carrera-Marquis said during the official announcement on Friday 4th February that many more Bahamian businesses will have the opportunity to develop the skills and ideas to thrive in a global digital arena.

“This partnership with University of The Bahamas aligns perfectly with our Vision 2025 and this vision for the IDB including Latin America and the Caribbean aims to support a more resilient recovery by focusing on five priority areas all of which are actually touched in this partnership that we are establishing with the University – regional integration, support for small and medium enterprises, promotion of the digital economy and prioritization of gender and climate change response.

“This technology focused project has the potential to impact all of these areas and we are very proud to support this endeavor. The contribution of $500k further cements our commitment to drive innovation for inclusion while improving the social, economic and environmental conditions for the most vulnerable,” she said.

Campus President of UB-North Dr. Ian Strachan explained that participants in the programme will be empowered to confidently start businesses or to expand the reach, versatility and resilience of their existing businesses.

“The boot camps, incubators and courses offered will make available to our citizens, at a crucial moment of high unemployment, much needed opportunities to retool; to gain valuable skills that will allow them to participate in the fast changing global economy.

“They will allow them to become more marketable, more competitive and to be masters of their own fate through entrepreneurship.  The skills gap and lack of diversity are key weaknesses of the Bahamian economy and this initiative seeks to tackle these head on,” Dr. Strachan said.

The goal is to establish UB-North as the STEM Campus of the UB System, drawing students from across the archipelago, the region and the world to centres of academic excellence, he added.  A business incubator will also be created along with programmes in Entrepreneurship, Computer Science, Operations Management, Electrical Engineering, Civil Engineering, Mechanical Engineering, Marine Science, Environmental Science, and Sustainable Innovation.

The lingering effects of Hurricane Dorian as well as other devastating storms and the COVID-19 pandemic have exacerbated the economic sluggishness of Grand Bahama, the country’s industrial mecca. However, the technical agreement is a part of a larger effort to stimulate an economic transformation.

Chair of the UB Board of Trustees Mrs. Allyson Maynard-Gibson also heralded the impending transformation. Through the project, 600 participants will be trained and equipped with enhanced digital skills, 300 persons will be directly assisted with starting their own businesses, 25 new courses in digital entrepreneurship and innovation will be offered at UB-North and an annual Grand Bahama Tech Expo will be hosted.

“The partnership that we celebrate today, created by a half million dollar grant from the IDB and matching commitment from UB will transform UB-North, Grand Bahama and The Bahamas. The Centre for Entrepreneurship and Innovation at UB-North will stimulate micro-, small- and medium-sized business ownership and increase the capacity of Bahamians to soar in the digital realm, ensuring our competitiveness nationally and internationally,” she said.

UB President Dr. Rodney D. Smith thanked the IDB for a longstanding partnership with the University and acknowledged that creating a robust environment for entrepreneurship has been a longstanding goal.

“I must thank the IDB for this current project on behalf of the university and for the people of Grand Bahama. We at the university have long envisioned a business and entrepreneurship incubator at the UB-North campus, as a part of that campus’ growth and for the benefit of Grand Bahama. The creation of the Centre of Entrepreneurship and Innovation is our vision realized – it will become the birthplace of innovation,” he said.

Senator the Honourable Kirk Russell heralded the government’s commitment to making the island an epicenter for innovation.

“For the Grand Bahama community, this signing further demonstrates the commitment to transform challenges into innovation. By introducing an environment where the nation’s brightest minds can embrace emerging technologies, the government demonstrates its commitment to remaining focused on the challenges ahead. COVID-19 and the economic fallout have taught us as a nation that paying attention and seeking opportunities to expand our thinking about what is ahead is critical to survival,” he said.

University leaders affirmed the institution’s critical role in the transformation that Grand Bahama is destined to experience.

 

Photo Caption: 

Header: Among the persons who attended the announcement were members of the UB Board of Trustees. Seated: from left are Senator Hon. Kirk Russell; IDB Representative Mr. Tyran Thompson; IDB County Representative Mrs Daniela Carrera-Marquis (online); Chair of the UB Board of Trustees Mrs. Allyson Maynard Gibson; UB President Dr. Rodney D. Smith; Campus President of UB-North Dr. Ian Strachan; and Vice-Chair of the UB Board of Trustees Mr. Peter Whitehead. Standing: Trustee Mr. Barry Rassin; Staff Trustee Mr. Melvert Clarke; Student Trustee Mr. Mackenson Charles; Faculty Trustee Professor Bridget Hogg; Trustee Rev. Dr. Keith Russell; Trustee Mr. Marcus Laing; Trustee Dr. Gadville McDonald and Trustee Mr. Henry St. George.

Insert: Announcement of a $500k grant from the Inter-American Development Bank (IDB) to University of The Bahamas (UB) to spark entrepreneurship and innovation in Grand Bahama. From left are: Vice-Chair of the UB Board of Trustees Mr. Peter Whitehead; Senator Hon. Kirk Russell; IDB Representative Mr. Tyran Thompson; IDB County Representative Mrs Daniela Carrera-Marquis (online); Chair of the UB Board of Trustees Mrs. Allyson Maynard Gibson; UB President Dr. Rodney D. Smith and Campus President of UB-North Dr. Ian Strachan.

 

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OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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