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Minister Moxey says investor confidence in Grand Bahama is strong

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FREEPORT, Grand Bahama, The Bahamas — Addressing some important initiatives and developments that are shaping the future of Grand Bahama, Minister for Grand Bahama, the Hon. Ginger Moxey said she was pleased to report that on-going investments on the island demonstrates strong investor confidence in the potential of the Grand Bahamian economy.

Her update also provided insight and information on various opportunities which she anticipates will have a positive impact on the lives of residents of the island.

“The recent developments and investments that have taken place on the island are a testament to the commitment to investments to creating a thriving business environment on Grand Bahama,” said Minister Moxey, during the Office of the Prime Minister’s Weekly Press Briefing, in the conference room of the Ministry of Grand Bahama on Thursday, May 18, 2023.

Minister Moxey pointed to projects like the proposed redevelopment of the Grand Bahama International Airport, the new owners of the former Equinor Terminal, a number of new Resorts expected to come online, as well as a number of local investor companies.

“The Carnival Cruise Port is proceeding very well,” said Minister Moxey. “We get monthly updates on the project and I’m excited about the development taking place there. It’s pretty much on schedule. The Investment of O2 in the Lucayan area is proceeding very well. The land has been cleared and infrastructure is in place. That’s going to create additional opportunities for our people in terms of employment. The Sixth Sense Resort is also on the way and they’re committed to building this in the Discovery Bay area. It will enhance the island’s tourism offering.

“The consistent airline arrivals are encouraging. We have some more work to do, but with the restoration of the new airport, that is expected to increase the numbers. I’m pleased that we are almost there at pre-Dorian, pre-pandemic numbers.

“Equinor was sold to Levithon and it is exciting what’s going to be happening there within two months, during which time there will be some three hundred people on that site with lots of construction for the redevelopment of that industry.”

Minister Moxey said the projects represent diverse assets in the island’s tourism, health care infrastructure and renewable energy sectors. She said she’s committed to creating an environment that supports and encourages such investments in the island’s economy.

“I am committed to working tirelessly to ensure that our island thrives,” she added. “I also want to ensure that our people thrive as well.  So, the question is ‘how do we lift our people up along with the projects and investments? How do we create entrepreneurial opportunities for our people?’

“Together, let us embrace these opportunities and build strong partnerships, as we continue to recover, rebuild and revolutionize Grand Bahama.”

In addition to direct foreign investment, Minister Moxey revealed that the government is taking the initiative to promote the positive opportunities which are available in Grand Bahama. The Minister pointed to several promotion trips and missions which the government have embarked upon recently in North Carolina, Charlotte, Ottawa and Canada, touting the investment opportunities that exist in The Bahamas, Grand Bahama in particular.

“But we’ve been focusing on innovation,” added Minister Moxey. “In our Blueprint for Change we promised that the Digital 700 would herald transformational opportunities, including new jobs, new services, new industries, and new markets. We’ve also committed to focusing on attracting investment and industry across all sectors. To equip and engage with our embassies, consulates, and the diaspora to assist with promotions. To partner with international organizations for business cultural tourism, educational and humanitarian exchanges. And to advance the Bahamas as a digital society inclusive of smart technology.

“That’s business tourism, agri-tourism, edu-tourism, heritage and film tourism, executive education and smart cities. We formed a partnership in Ottawa with what is called Hub 350 in the development of our own Innovation Hub.”

Minister Moxey spoke of an upcoming trade and investment mission that is in collaboration with the Caribbean Export Development Agency. It will be held in Ghana and in Lagos, Nigeria. Minister Moxey, who will be travelling with other Government officials on these missions, will be presenting the significant opportunities that Grand Bahama possesses. It will allow the Government of the Bahamas to forge strong trade ties and explore potential investments between Ghana, Nigeria, and The Bahamas.

According to Minister Moxey, this relationship opportunity with Africa is very important for The Bahamas.

“The opportunities in Grand Bahama are endless,” added Minister Moxey. “We are strategically located so close to the state of Florida; we have a major trans-shipment terminal; we have distribution and logistics capabilities; we have a free trade zone in this area, so we’re very attractive for investments. We have identified Grand Bahama Island as the home of maritime and logistics, which it has been for a very long time, but it is also the home of entertainment and the home of innovation.

“As a result, we are supposed to be innovating. We’re supposed to be piloting a lot of these projects that will take The Bahamas to the next level. I believe the opportunities in Grand Bahama have not been tapped into the way they should be.”

(BIS Photo)

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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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