Bahamas News
Domestic Commercial Banks to Help in Educating the Public on the Benefits of Digital Banking
By LLONELLA GILBERT
Bahamas Information Services
NASSAU, The Bahamas — The Chair of the Clearing Bank Association, Denise Turnquest said the Association and The Central Bank of The Bahamas have agreed to create an educational campaign to prepare consumers and businesses to become more comfortable with digital banking.
“What we have determined is that whilst the world is increasingly using digital banking, there are some among us who are resisting embracing it, and who have concerns – usually those concerns are around elderly family members or elderly persons who are not tech savvy within our communities,” Ms. Turnquest said at the Live Digital Campaign Launch held at The Central Bank of The Bahamas on Monday, May 27, 2024.
The campaign branded as ‘Live Fast, Pay Digital’ is aimed at promoting what is called ‘faster, safer, greener’ ways to pay and get paid, including the expanded use of digital platforms.
The Clearing Banks Association is composed of the following domestic commercial banks: The Bank of The Bahamas, CIBC Caribbean, Citibank, Commonwealth Bank, Fidelity Bank & Trust, RBC Bahamas and Scotiabank Bahamas.
Ms. Turnquest explained that the banks have heavily invested millions of dollars in their digital banking capabilities with their objective being to deliver first-class products and services.
“We want to make sure that here in The Bahamas, we are keeping pace with the best that is available worldwide.”
She added that the Clearing Banks are also investing heavily in cyber security.
“We are investing not only in cyber security, but in testing the resilience of our cyber security individually and as a unit – meaning the banking system to ensure that all of our systems are safe from theft or damage, and by extension that the public’s money is safe.”
Ms. Turnquest explained that digital payment is any payment that does not involve paper or cash. This includes credit cards, debit cards, online banking, digital wallets, apple pay and other cell phone apps.
She said the main benefit of paying digitally is that it is faster; when customers pay online, they have access to their money right away. It is also safe and people are operating in a secure electronic environment.
“Therefore, you are avoiding things like pilferage. When you operate a cash business, you do not even know what you lose to your employees.
“We unfortunately live in a high crime environment and therefore there are huge investments required for security for cash intensive businesses.”
Mrs. Turnquest noted that The Central Bank, the Clearing Bank Association and the Bahamas Chamber of Commerce & Employers Confederation have partnered to ensure that the public and businesses are educated on the use of digital banking through a series of activities and messaging across a variety of platforms.
“This campaign will include radio shows, TV appearances, meetings, commercials, town hall meetings and a tech expo planned for later this year where you will all be invited to come and learn firsthand from tech providers and digital banking providers on how to use their systems.”
She also noted that the banks are also investing heavily in ATMS and the ability for people to get access to cash without having to see a teller. “So, you can rest assured that we will leave no one behind.
“I think there is a commitment from all of our parties: The Central Bank, the Clearing Banks Association and the Chamber of Commerce. We will do all that we can within our power to allay any concerns you may have today and ensure that everyone is able to get on the digital journey in a well-educated and supported way.”
PHOTO CAPTION
Chair, the Clearing Bank Association, Denise Turnquest spoke at the Live Digital Campaign Launch held at The Central Bank of The Bahamas on Monday, May 27, 2024. (BIS Photo/Patrick Hanna)
PM: Project delivers on promise and invests in youth, sports and national development
GRAND BAHAMA, The Bahamas — Calling it the fulfillment of a major commitment to the island, Prime Minister Philip Davis led the official groundbreaking for the Grand Bahama Aquatic Centre, a facility the government says will transform sports development and create new opportunities for young athletes.
Speaking at the Grand Bahama Sports Complex on February 12, the Prime Minister said the project represents more than bricks and mortar
— it is an investment in people, national pride and long-term economic activity. The planned complex will feature a modern 50-metre competition pool, designed to meet international standards for training and regional and global swim meets. Davis said the facility will give Bahamian swimmers a home capable of producing world-class performance while also providing a space for community recreation, learn-to-swim programmes and water safety training.
He noted that Grand Bahama has long produced outstanding athletes despite limited infrastructure and said the new centre is intended to correct that imbalance, positioning the island as a hub for aquatic sports and sports tourism.
The Prime Minister also linked the development to the broader national recovery and revitalisation of Grand Bahama, describing the project as part of a strategy to expand opportunities for young people, create jobs during construction and stimulate activity for small businesses once operational.
The Aquatic Centre, he said, stands as proof that promises made to Grand Bahama are being delivered.
The project is expected to support athlete development, attract competitions, and provide a safe, modern environment for residents to access swimming and water-based programmes for generations to come.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
The Bahamas, February 15, 2026 – For the better part of three years, Bahamians have been told that major Afreximbank financing would help transform access to capital, rebuild infrastructure and unlock economic growth across the islands. The headline figures are large. The signing ceremonies are high profile. The language is ambitious. What remains far harder to see is the measurable impact in the daily lives of the people those announcements are meant to serve.
The Government’s push to secure up to $100 million from Afreximbank for roughly 200 miles of Family Island roads dates back to 2025. In
its February 11 disclosure, the bank outlined a receivables-discounting facility — a structure that allows a contractor to be paid early once work is completed, certified and invoiced, with the Government settling the bill later. It is not cash placed into the economy upfront. It does not, by itself, build a single mile of road. Every dollar depends on work first being delivered and approved.
The wider framework has been described as support for “climate-resilient and trade-enhancing infrastructure,” a phrase that, in practical terms, should mean projects that lower the cost of doing business, move people and goods faster, and keep the economy functioning. But for communities, that promise becomes real only when the projects are named, the standards are defined and a clear timeline is given for when work will begin — and when it will be finished.
Bahamians have seen this moment before.
In 2023, a $30 million Afreximbank facility for the Bahamas Development Bank was hailed as a breakthrough that would expand access to financing for local enterprise. It worked in one immediate and measurable way: it encouraged businesses to apply. Established, revenue-generating Bahamian companies responded to the call, prepared plans, and entered a process they believed had been capitalised to support growth. The unanswered question is how much of that capital has reached the private sector in a form that allowed those businesses to expand, hire and generate new economic activity.
Because development is not measured in the size of announcements.
It is measured in loans disbursed, projects completed and businesses expanded.
The pattern is becoming difficult to ignore. In June 2024, when Afreximbank held its inaugural Caribbean Annual Meetings in Nassau,
Grand Bahama was presented as the future home of an Afro-Caribbean marketplace said to carry tens of millions of dollars in investment. What was confirmed at that stage was a $1.86 million project-preparation facility — funding for studies and planning to make the development bankable, not construction financing. The larger build-out remains dependent on additional approvals, land acquisition and further capital.
This distinction — between financing announced and financing that produces visible, measurable outcomes — is now at the centre of the national conversation.
Because while the numbers grow larger on paper, entrepreneurs still describe access to capital as out of reach, and communities across the Family Islands are still waiting to see where the work will start.
And in an economy where stalled growth translates into lost opportunity, rising frustration and real social consequences, the gap between promise and delivery is no longer a communications issue.
It is an inability to convert announcements into outcomes.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
A hardline strategy that reduced murders, gunfire, and collateral deaths
The Bahamas, February 8, 2026 – What happens when police stop routinely granting bail to high-risk suspects and aggressively execute outstanding warrants? In The Bahamas, the answer in 2025 was fewer murders, fewer gunshots, and safer communities.
The Royal Bahamas Police Force arrested 4,337 individuals on outstanding warrants last year, ensuring suspects were brought directly before the courts instead of being released back onto the streets. At the same time, police significantly curtailed the use of police bail for high-risk and repeat offenders, particularly those already entangled in violent disputes.
Police Commissioner Shanta Knowles said the shift was informed by hard lessons from previous years. Intelligence reviews showed that
many homicide victims were not random targets, but men already wanted by law enforcement and — critically — by other criminals. When released on bail, those individuals often became targets themselves, triggering retaliatory shootings that spilled into neighbourhoods, roadways and public spaces.
By keeping high-risk suspects in custody pending court appearances, police say they disrupted that cycle — removing both potential offenders and potential victims from the streets.
The impact was stark. Murders declined by 31 percent in 2025, falling from 120 in 2024 to 83, the largest percentage decrease in homicides since national tracking began in 1963 and the lowest murder count in nearly two decades.
Police leaders say the strategy also reduced the collateral damage that had increasingly alarmed communities. Innocent residents had been caught in “sprays of gunfire” as targeted attacks unfolded in residential areas, at traffic stops, and in public settings.
Gun-violence indicators reflected the change. Gunshot reports fell by 35 percent, while incidents detected by ShotSpotter technology declined by 29 percent, confirming that fewer shots were being fired across the country.
“Gunshots ringing out and cutting through our peaceful paradise were down remarkably,” Commissioner Knowles said, attributing the improvement to decisive enforcement, tighter bail practices, and sustained pressure on offenders.
Police also intensified enforcement against breach of bail conditions, charging and detaining more suspects than in any previous reporting period. Officers say the approach removed the opportunity for repeat offending while matters were before the courts.
Police leadership said the results go beyond statistics. By limiting bail for high-risk suspects and executing warrants at scale, the strategy saved lives, protected bystanders, and restored confidence in public safety.
In 2025, fewer people were hunted, fewer bullets were fired, and fewer families were left grieving — a shift police say was no accident, but the result of deliberate, hardline choices.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
