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High-Profile list of National Leaders & Organizations slated for CARICOM Meeting in Nassau

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By Deandrea Hamilton & Rashaed  Esson

Editorial Staff

 

 

#TheBahamas, February 15, 2023 – The foreign affairs minister of The Bahamas, Hon Fred Mitchell, arguably the most experienced Bahamian CARICOM minister held a debriefing on Monday February 13 in Freeport; there he unpacked the prominent individuals and organizations expected at the 44th Regular CARICOM meeting.

The roll-call included the president of the Afri-Import Export Bank, Secretary General of the World Trade Organisation and in one of many special presentations, South Korean leaders are expected to make an official appeal.

“Joining us will also be representatives from South Korea because they are campaigning for the support of CARICOM countries for the vote at the Bureau of International Expositions in Paris for the exposition in the year 2030,” said Mitchell.

Also, to be present and representing the United States, former Senator John Dodd  and United States Special Presidential Envoy for Climate, John Kerry;  the Assistant Director General of the FAO, the Food and Agriculture Organisation and already highly publicized as a special guest, Canadian Prime Minister Justin Trudeau.

Additionally, President Volodymyr Zelenskyy of Ukraine will join the Members by video-link.

This year, The Bahamas will be hosting with its Prime Minister, Phillip Davis as chairman.

CARICOM’s priorities this year are many, but these five rise to the top:  Crime fueled by illegal arms trafficking; Food and Energy Security; Haiti’s Humanitarian Crisis and Climate Financing.

“The Prime Minister, in an address at the outlook seminar, which took place at the start of the year, laid out his priorities in Foreign Affairs and the major priority is the issue of climate change.  So, he said, and he’s been travelling around the world beating the bushes on the subject, because for The Bahamas, climate change is existential and that means quite simply this, the sea level is rising around the world and in the Bahamas 80 percent of the land is within three meters of the sea, so that means, if their sea level rise, the country will disappear or as he says we will either be refugees, climate change refugees or die in a watery grave.   That’s the stark reality of what is happening. So, we need to have a couple of things done. Money is the key issue. “

The CARICOM meeting officially opens in Nassau on Wednesday.

Bahamas News

Scores of residents attend GB Entrepreneurial Expo 2024 

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By LEDEDRA MARCHE
Bahamas Information Services
GRAND BAHAMA, The Bahamas – The Ministry for Grand Bahama hosted its second entrepreneurial Expo 2024 this month, this time at the Foster B. Pestaina Hall, Pro-Cathedral of Christ the King on February 21, 2024 where scores of budding entrepreneurs and small and medium-sized businesses in Freeport gained valuable insight for their ventures from representatives of the Ministry of Tourism, the Tourism Development Corporation of The Bahamas, Bahamas Development Bank, Access Accelerator, Inland Revenue, Small Businesses Development Centre, Bank of The Bahamas, Grand Bahama Port Authority, the Ministry of Agriculture and Marine Resources, and UB Ignite.
Minister of Tourism, Investments and Aviation, the Hon. Chester Cooper and Minister for Grand Bahama, the Hon. Ginger Moxey encouraged attendees to take full advantage of the wealth of resources being made available at the Expo to empower them along their business journey.
Also in attendance were Parliamentary Secretary Kingsley Smith; Senators James Turner, Kirk Russell and Randy Rolle and Permanent Secretary Joel Lewis.
The West Grand Bahama Entrepreneurial Expo, the first for the year, was held on February 1 at St. Mary Magdalene Parish Hall in West Grand Bahama.
(BIS Photos/Lisa Davis)

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Bahamas News

Bahamas Development Bank and Food and Agriculture Organization Partner to Empower Women-Led Businesses 

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Nassau Bahamas, 29 February 2024- The Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) are excited to announce the signing of a groundbreaking contract aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.

The initiative is jointly led by UN Women, FAO, United Nations Educational, Scientific and Cultural Organization (UNESCO), and United Nations Development Program (UNDP). It will support women-led businesses in the agriculture, creative, and tourism industries, and will serve as a regional pilot for best practices in gender equitable financing in advancing small island developing states (SIDS).

Gavin Christie, the Bahamas Development Bank’s Deputy Chairman, said, “This partnership signifies a significant step forward for BDB, FAO, and the nation at large. It underscores BDB’s dedication to driving inclusive economic development and gender equality, aligning with the sustainable development goals. As we support and empower women-led businesses, we are fostering social growth and sustainability in The Bahamas.”

Nicholas Higgs, the Bahamas Development Bank’s Managing Director, added, “The collaboration with FAO underlines our commitment to not only bolster the economy but to also ensure that women entrepreneurs are at the forefront of this advancement. By providing these targeted funds, we aim to catalyze a transformation in the industries that help form the backbone of our economy. This initiative is not just about financial investment, but also about investing in the skills and capabilities of women-led enterprises. The empowerment of women is a cornerstone for resilient and sustainable economies, and BDB is proud to lead by example. Through these efforts, we aspire to create a ripple effect that will not only uplift women within The Bahamas but also set a precedent for gender equity in funding across the region and globe.”

BDB is the national coordinating authority on the Joint SDG Fund and has played a crucial role in shaping the project’s design and implementation. The total contract allocation to BDB for the FAO-funded section of the project is $186,000. The proposed blended financing instrument is a collaboration between BDB and FAO, and will combine capital from the Bahamas Development Bank with non-reimbursable funding from the Food and Agriculture Organization of the United Nations. The strategic partnership will provide women-led businesses with access to low-cost capital after undergoing technical capacity development. A portion of the funds will also be allocated to a grants program.

BDB will also sign a similar agreement with UN Women, which will add a further $100,000 to the fund for women-led businesses and further showcase its commitment to empowering women entrepreneurs in diverse sectors.

The Bahamas Development Bank is implementing a streamlined approach to its adjudication process to facilitate a faster decision-making process, ultimately ensuring expedited access to funding for women-led beneficiaries in the program. An announcement regarding applications will be announced in March.

 

Photo Caption: Standing from left to right are the Bahamas Development Bank’s (BDB) Deputy Managing Director, Dave Munroe; United Nations Country Representative, Aneesah Abdullah; BDB Deputy Chairman, Gavin Christie; Food and Agriculture Organization (FAO) Regional Representative, Alexis Bonte; FAO Bahamas Representative, Precious Fortune-Thompson; BDB Board Member, Kyron Strachan; BDB Strategic Development and Initiatives Manager, Sumayyah Cargill and FAO Bahamas National Correspondent, Keith Phillipe.

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Bahamas News

Storm Chasers Gear Up !

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Dana Malcolm

Staff Writer

 

#TurksandCaicos, February 27th, 2024 – In the unfortunate event of a hurricane when most people are huddled in bed there’s a group of around 287 people across The Bahamas and soon to come, the Turks and Caicos islands who are in the storm working keenly to provide invaluable insight to meteorologists about the real life impact and intensity of weather events.  This is already benefiting The Bahamas department of meteorology, and very soon the Turks and Caicos Islands will also stand to gain.  The origin group is Stormwatch Bahamas, which is moving assertively now to hatching Stormwatch Turks and Caicos. We spoke to Craig Lowe, Founder and Storm Rescue Unit Captain for The Bahamas.

 

“It’s all about growing the weather community and protecting the public.” he explained.

 

That depends on much needed partnerships with locally emergency agencies. This weekend for the first time a Skywarn Instructor from the National Weather Service will be training both teams to take on the huge task of becoming a Storm Chaser. TCI is already equipped with the president and several volunteers but Lowe says they are always accepting more.

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