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Lyford Cay Foundations Donates $525,000 to University of The Bahamas on Day of Giving

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#TheBahamas, December 5, 2022 – On a day dedicated for a sustained period of giving, the Lyford Cay Foundations (LCF) gave University of The Bahamas (UB) a half-million dollar grant on Tuesday 29th November that will be used for student scholarships, academic necessities and to enrich the student experience.

The LCF is one of UB’s legacy donors and a valued partner in higher education.  Its generous gift was made on UB’s Day of Giving, also observed internationally as Giving Tuesday.

“We could not think of a better day to present this grant to University of The Bahamas than on Giving Tuesday, the day when individuals, corporations and non-profits come together to transform communities through giving,” LCF Chairman, Mr. Basil Goulandris said.

Mr. Goulandris added that the donation means LCF’s partnership with UB now extends beyond traditional scholarship grants.  The new grant will be used to fund study abroad opportunities, meal plans and university bridging scholarships for students who are in need and maintain a good academic standing.

“Our grants to the College of The Bahamas, and now the University of The Bahamas, have aimed to help people achieve their dreams and obtain skillsets most needed in our country,” said Mr. Goulandris.  “Our grants have enabled needs-based scholarships with the aim of equalizing opportunities for Bahamians.

“So much can be said about the breadth of our association with the University of The Bahamas.  The Lyford Cay Foundation is passionate about education, and we value the role University of the Bahamas plays in our national development.”

Tuesday’s donation brought the LCF’s investment in UB and its predecessor, COB, to over $10 million.  Over the past 25 years, the LCF has funded hundreds of student scholarships, the Virtual Library Project, as well as the completion of the Harry C. Moore Library and Information Centre, fittingly named after the late, former Chairman of the LCF.

“This is, quite frankly, phenomenal, and a reflection of the value and importance that Lyford Cay Foundations and its donors place on access to quality education within The Bahamas, in addition to beyond its shores,” said UB President Dr. Erik Rolland.  “We are honored at the longevity of this partnership, and are proud of the work both of our organizations are committed to the development of young Bahamians by providing these opportunities for higher education.”

Chair of UB’s Board of Trustees, Mrs. Allyson Maynard-Gibson, K.C., said Tuesday’s donation, though significant, pales in comparison to the near 30-year partnership between the two entities that continues to produce meaningful avenues to academic and professional success for Bahamian university students.

“This is a partnership and shared vision of immense value,” said Mrs. Maynard-Gibson.  “This is the work and the support that builds leaders, develops a country, and transforms the world.  Today, we’ve taken another step forward in this important work.  We’re truly honored to be doing this work with the Foundation, and on our UB Day of Giving, and Giving Tuesday internationally, we celebrate you and your donors for your philanthropic leadership.”

LCF Executive Director Dr. Nicola Virgill-Rolle, a UB alumna and LCF scholar, said she was delighted to be a part of Tuesday’s donation ceremony.

“As a beneficiary of the important work of Lyford Cay Foundations, and University of The Bahamas, I know first hand why moments like these matter,” said Dr. Virgill-Rolle.  “I benefited generously from Lyford Cay Foundations donors who helped students like me achieve our dreams.  As an alumna of the College of The Bahamas now University of The Bahamas, I also benefited from the outstanding education that this institution provides.”

Under the grant arrangement, scholarship funding may be applied to tuition and fees, books and supplies directly related to the course of study and UB meal plans.

University of The Bahamas has been intentional in forging new partnerships and strengthening existing ones to increase the capacity to fulfil its mission of supporting and driving national development.  The LCF grant comes during UB Charter month during which the institution marked its sixth anniversary.

 

Photo Caption: From left are: UB Student Government Association (SGA) President Matthew Williams; SGA Vice President Anthony Sturrup; Corporate and Foundation Relations Manager, UB, Inga Bostwick; Vice President of Institutional Advancement, UB, Dino Hernandez; UB President, Dr. Erik Rolland; UB Board of Trustees Chair, Allyson Maynard-Gibson, KC; Lyford Cay Foundations Board Chair Basil Goulandris; Lyford Cay Foundations Executive Director Dr. Nicola Virgill-Rolle; Lyford Cay Foundations Vice Chair Sarah Farrington; Director of Financial Aid and Scholarships, UB, Antona Curry; Executive Director Corporate and Foundation Relations, UB, Kandice Eldon.

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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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