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Minister Halkitis opens BAF and Cash n’ Go in Grand Bahama

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By: Andrew Coakley

Bahamas Information Services

 

#Freeport, GB, The Bahamas, August 21, 2022 – Minister of Economic Affairs and Leader of Government Business in the Senate, Senator the Hon. Michael Halkitis says that Grand Bahama has a large role to play in the government’s national development plan.

Noting that the government is committed to fulfilling the vast potential for economic growth and diversification that has always existed in Grand Bahama, he said: “We have not yet tapped into Grand Bahama’s potential as a hub for Fintech.  The local farming and manufacturing industries still provide tremendous potential for development and expansion.  And we are in the early days yet of rebuilding the tourism industry.”

Minister Halkitis was the keynote speaker at the opening of Bahamas Assurance Financial’s (BAF) new offices, along with the new office for Cash n’ Go, August 12, 2022 in the Regent Center. The opening of the two new businesses is expected to create more job opportunities for Grand Bahamians.

Minister Halkitis said it was always intended for Grand Bahama to join New Providence as central pillars of the Bahamian economy.  Many people still fondly remember when Grand Bahama’s quality of life was unparalleled, said Minister Halkitis — “it is time to rebuild, restore and return to those days.”

He continued, to return to those days, “we not only need government resources and foreign direct investment, we also need Bahamian-owned businesses to lead the way. BAF Financial & Insurance, and Cash n’ Go, are two such Bahamian brands that are leading the way.

“In an ideal environment, this is exactly how it works: the government provides the infrastructure and paves the way for opportunity, while private sector minds provide market-driven solutions. BAF and Cash n’ Go represent Bahamian-led enterprise at its finest.”

Minister Halkitis noted that as the government seeks to improve the ease of doing business and facilitate economic growth; innovative businesses like BAF and Cash n’ Go will be the primary engines of growth for the local economy. He pointed out that every business that re-opens or expands in Grand Bahama is another small step in the right direction.

Minister for Grand Bahama, the Hon. Ginger Moxey also congratulated BAF Financial and Cash n’ Go for the re-opening of their new locations in Freeport.  She noted that the BAF story of 2007 is one that characterizes Bahamian empowerment, when two young Bahamians, of humble beginnings pioneered the buy-out of one of the leading and the oldest insurance companies in the Bahamas. Those two business visionaries were I. Chester Cooper and John Wilson.

“This kind of story continues to be an inspiration to many young entrepreneurs in the Bahamas,” said Minister Moxey. “I would like to take this opportunity to express my sincere gratitude to the leadership of BAF and Cash n’ Go for remaining a part of the Grand Bahama community. The relocation and opening of these new offices in the Regent Center is an indication of your level of confidence in this island.

“Both of these businesses provide employment and crucial services to the residents of Grand Bahama at a time when our island is still rebounding and rebuilding from the devastation caused by Hurricane Dorian.

“As the Member of Parliament for Pineridge, where these offices are located and as Minister for Grand Bahama, I would like to congratulate the executive team from both BAF and Cash n’ Go on the opening of your new location. Thank you for your investment in Grand Bahama and your contribution to the growth and development of the Grand Bahama economy.”

 

Photo Caption: Minister for Grand Bahama, the Hon. Ginger Moxey cut the cake to commemorate the opening of the new offices of BAF Financial and Cash n’ Go, during a celebration ceremony on Friday, August 12, 2022 in the Regent Center. Looking on is Minister of Economic Affairs, Sen. the Hon. Michael Halkitis (left) and Mr. Felix Stubbs, Chairman, Board of Directors BAF Financial (right).

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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

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

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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