Connect with us

Bahamas News

BMMC Groundbreaking is evidence that all Bahamians can thrive, says PM

Published

on

FREEPORT, Grand Bahama – Prime Minister and Minister of Finance, the Hon. Philip Davis on Thursday, December 7 noted the company is a “beacon of national pride” and evidence that all Bahamians can thrive, when giving the keynote address at a ceremony for Bahamas Mineral and Manufacturing Corporation Ltd., at the company’s site on Queen’s Highway.

The Groundbreaking and Cornerstone Laying Ceremony were held at BMMC Ltd. grounds on Queen’s Highway where the headquarters for the new establishment will be.

He said two companies manufacturing pipes, one in Grand Bahama and one in Nassau, have gone out of business, and added that this one will not. Once the company can meet the demand, it will be too costly for businesses to import the product due to tariffs.

The government is committed to assisting young entrepreneurs like Mitchell Thurston by providing the necessary tools to ensure they are not alone on their journey to success.

“This approach is not just an investment in individuals, but an investment in the very fabric of our nation’s economy and future.”

With the company being 100 percent Bahamian owned, and “perfectly aligned with our governments Blueprint for Change,” he said, “by reducing reliance on PVC products and establishing a local production facility, BMMC is not only supporting Bahamian infrastructure, but also aligning with the nation’s environmental sustainability goals.”

The ceremony heralds a future where industry and economy are strengthened.

“Grand Bahama” said the Prime Minister, “must and will be the blueprint for growth and development.”

He added, “It is a stepping stone towards a brighter, more sustainable and prosperous future for The Bahamas and all Bahamians.”

Minister for Grand Bahama, the Hon. Ginger Moxey described the day as “grand” in being present for the groundbreaking and cornerstone laying for the state-of-the-art facility which will “revolutionize the construction and manufacturing industries” throughout the country, especially Grand Bahama.

“This new venture envisions opening doors to innovative learning for our students, innovative careers and jobs for Bahamians and spin-off opportunities for new and existing businesses.”

She added that innovation is “critical to the growth and sustainability of our island’s economy. This is why Grand Bahama has been deemed the Home of Innovation in our Blueprint for Change.”

BMMC’s president, Mitchell Thurston, said the project was two years and eight months in the making. Grand Bahama is the perfect location for their headquarters because of the affordability and availability of land; reliable infrastructure; and the proximity to the Container Port, the gateway to the global market.

To date, 13 jobs have been created and filled and through subcontracts throughout the various phases, it is anticipated that 80 jobs will be available during the construction phase. It is hoped they will be able to have a workforce of 33 skilled and unskilled labourers.

Additionally, BMMC will introduce a cadet programme in the Grand Bahama schools, and the top students will be offered jobs to join their team.
Also present were members of the Board of Directors, shareholders of the company led by President Mitchell Thurston, along with representatives from the Grand Bahama Port Authority, Grand Bahama Chamber of Commerce, family and friends all of whom gathered for the occasion.

Continue Reading

Bahamas News

New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

Published

on

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.

Continue Reading

Bahamas News

Nassau Opens CDB Annual Meeting at Baha Mar This Week

Published

on

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.

Continue Reading

Bahamas News

Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

Published

on

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.

Continue Reading

FIND US ON FACEBOOK

TRENDING