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Invest TCI Celebrates Strategic Progress at 3rd Annual General Meeting

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PRESS RELEASE

 

Providenciales, Turks and Caicos Islands — Invest Turks and Caicos Islands Agency (Invest TCI) successfully hosted its 3rd Annual General Meeting (AGM) on September 17th, 2024, at The Ritz Carlton, Turks and Caicos, under the theme “Building Bridges to Accelerate Economic Growth: The Invest TCI Impact.” The meeting provided a comprehensive overview of Invest TCI’s transformative progress during FY 2023-2024, highlighting the agency’s strides in linking foreign investments with local small businesses to drive economic growth and resilience.

The AGM was called to order by the Chairlady of Invest TCI, Ms. Cindy Ewing, who opened with a compelling reflection on the agency’s achievements. In her address, she remarked, “Invest Turks and Caicos has made significant strides in economic development, social responsibility, and environmental stewardship. Thanks to your steadfast support and collaboration, this has not only set the stage for sustainable growth but also ensures that our impact is felt where it matters most: in the lives of our people.”

The evening continued with remarks from the Premier, Hon. Charles Washington Misick, Minister of Finance, Investment, Trade, and Public Policy. Premier Misick emphasized Invest TCI’s transformation, stating, “Invest TCI is more than an investment promotion agency; it is a multifaceted engine of growth that will impact our communities. Today, we see Invest TCI not only as a promoter of inward investment but also as a catalyst for domestic investment.”

CEO of Invest TCI, Mrs. Angela Musgrove, provided an overview of the agency’s achievements, focusing on sustainable development, entrepreneurship, and investment growth. She highlighted the launch of the Direct Domestic Investment (DDI) Policy and discussed the ongoing development of the National Linkages Program, which will integrate local MSMEs into Foreign Direct Investment (FDI) supply chains, promoting inclusive and sustainable economic growth.

Mrs. Musgrove concluded her presentation by stating, “FY 2023-2024 has been a year of transformative progress for Invest TCI. Through strategic investments and robust support for local businesses, we have laid the foundation for long-term growth, economic resilience, and community prosperity. As we look to the future, we remain committed to driving sustainable economic growth, fostering innovation, and ensuring that TCI continues to thrive as a world-class investment destination.”

The meeting captivated attendees with a compelling video showcasing the powerful impact of partnerships between local businesses and larger enterprises. The video featured the collaboration between Mr. Kitchener Penn, owner of the TCI Junkanoo Museum and founder of We Funk Junkanoo, and Beaches Turks and Caicos Resort, represented by Managing Director Mr. James McAnally. It emphasized the mutual benefits of these collaborations and encouraged other large enterprises to follow suit.

A significant highlight of the AGM was the insightful panel discussion titled “Bridging the Gap: Linking Small Businesses with Foreign Direct Investment (FDI).” Moderated by Ms. Alexa Cooper, VP of SME, the panel explored the critical role of FDI in economic development, focusing on integrating local small businesses into FDI-driven projects. Distinguished panelists included Ms. Ayiesha Sammy, Director of Trade, Industry and Fair Competition; Mr. Matt McDonald, Managing Director and CEO of Vista Development; Mr. Michael Tibbetts, Managing Director of Salterra Resort and Spa; Ms. Arlene Hall, Owner of Island Organics TCI; and Ms. Lavern Reynolds, Owner of TCI Dolls.

The AGM added an extra element of excitement with a raffle for attendees, featuring prizes such as a Ritz Carlton dinner voucher for two and a gift certificate from Do It Centre.

In addition to the raffle, Invest TCI honored outstanding team members who exemplified the agency’s core values. Honourees included Mrs. Anissa Adderley, Ms. Judith Garland, Ms. Shevon Williams, Ms. Kayanna Seymour, and Ms. Marzena Hinson. Special recognition was also given to Mr. Salik Garland for his five years of dedicated service to the agency.

The meeting wrapped up on a high note with closing remarks from Invest TCI board member, Ms. Yaa McCartney. She expressed heartfelt gratitude to all stakeholders for their ongoing support and collaboration, acknowledging the collective effort in driving success. Ms. McCartney also took a moment to commend the Invest TCI team for their unwavering dedication and hard work, highlighting their crucial role in pushing the agency’s mission forward.

The AGM successfully brought together key stakeholders, including government officials such as Hon. Jamell Robinson, Deputy Premier and Minister of Health and Human Services; Hon. Kyle Knowles, Minister of Public Safety and Utilities; Hon. Rachel Taylor, Minister of Education, Youth, Sports, and Culture; and Hon. Josephine Connolly, Minister of Tourism, Environment, Heritage, Fisheries, Agriculture, Gaming and Religious Affairs.

The meeting also welcomed other government figures, heads of statutory bodies, developers, MSME recipients, and other key partners, providing a platform to explore new opportunities, foster meaningful connections, and drive sustainable, resilient economic growth within the Turks and Caicos Islands.

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Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Crown Land Unit Leads Multi-Agency Enforcement Exercise in Five Cays

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Providenciales, Turks and Caicos Islands – Wednesday, 21st October 2026: The Crown Land Unit, with coordination and support from the Informal Settlements Unit (ISU), conducted a multi-agency enforcement exercise in the Five Cays area of Providenciales on October 8, 2026, as part of the Government’s ongoing efforts to address the illegal occupation and unauthorized use of Crown land.

The exercise brought together representatives from the Crown Land Unit, ISU, TCI Border Force and Royal Turks and Caicos Islands Police Force. Inspections were conducted across several parcels of Crown land in Five Cays, where instances of illegal occupation and unauthorized use had been identified.

During the exercise, a total of seven (7) Section 22 Notices of Unauthorized Occupation were issued in accordance with the provisions of the Crown Land Ordinance. The notices related to the unauthorized placement of shipping containers and derelict vehicles, as well as the construction of an incomplete concrete structure on Crown land. Where occupants or other responsible persons were not present, notices were affixed to the relevant structures or items.

The exercise forms part of the Crown Land Unit’s continuing efforts to prevent squatting and encroachment on Crown land and to ensure that instances of unauthorized occupation are identified and appropriately addressed.

The Government of the Turks and Caicos Islands reminds the public that occupying, developing or otherwise using Crown land without lawful authority is an offence under the Crown Land Ordinance. These inspections and enforcement activities form part of a sustained program aimed at safeguarding public lands, discouraging unlawful development and ensuring that Crown land is managed in the best interests of the people of the Turks and Caicos Islands.

The Crown Land Unit will continue to work closely with the ISU and other partner agencies to identify and address instances of illegal occupation across the Islands. Persons occupying Crown land without authorization are encouraged to comply with all notices issued and to seek guidance from the relevant authorities where necessary.

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Invest TCI Strengthens Regional Investment Connections at Caribbean Investment Forum 2026 in Barbados

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Providenciales, Turks and Caicos Islands – Monday, 19th October 2026: Invest Turks and Caicos Agency (Invest TCI) strengthened its regional presence at the Caribbean Investment Forum (CIF) 2026, held October 5 – 7, 2026, in Bridgetown, Barbados, participating as both a sponsor of the Forum and representative of the Turks and Caicos Islands’ investment landscape.

The Caribbean Investment Forum brought together regional and international investors, government representatives, business leaders, entrepreneurs, investment promotion agencies, and development partners to explore investment opportunities, strengthen partnerships, and advance sustainable economic development throughout the Caribbean.

The Agency’s sponsorship of CIF 2026 formed part of its continued commitment to strengthening the visibility of the Turks and Caicos Islands within the regional investment community and building relationships with investors, development partners, investment promotion agencies, and businesses across the Caribbean.

The opening of the Forum was attended by the Honourable Mia Amor Mottley, Prime Minister of Barbados, who emphasised the importance of scaling regional investment, strengthening economic cooperation, and transforming innovative ideas into commercially viable opportunities. Invest TCI was represented by Ms. Alexa Cooper, Domestic Investment Officer, and Mr. Hezron Henry, Marketing Support Officer. Throughout the Forum, the delegation engaged with stakeholders and promoted the Turks and Caicos Islands as a competitive investment destination while exploring opportunities for greater regional collaboration and knowledge exchange.

Speaking on her experience at the Forum, Ms. Alexa Cooper, Chief Domestic Investment Officer, said:

“CIF 2026 provided another valuable opportunity to engage with donor organisations, investors and Investment Promotion Agencies (IPAs) from across the Caribbean. A highlight for me was the introduction of an exclusive masterclass for fund managers, investors and support organisations, which offered practical insights into unlocking capital, strengthening investment ecosystems and supporting investment-ready businesses. I was equally impressed with the quality of projects pitched, which showcased the region’s innovation and investment potential. It was encouraging to see projects presented with a clearer understanding of investor expectations, reinforcing the importance of not simply developing projects, but ensuring they are well-structured, investment-ready and positioned to attract the right investment partners.”

Accompanying the Invest TCI delegation was Mr. Sean Penn, Chief Executive Officer of Sky Poultry Farm Ltd., the first commercial egg and poultry production facility in the Turks and Caicos Islands. Mr. Penn’s participation provided an opportunity to showcase the development of domestic enterprise within the Turks and Caicos Islands while highlighting the potential of agriculture and food production as part of the country’s broader economic diversification efforts.

Through his participation at CIF 2026, Mr. Penn had the opportunity to engage with regional stakeholders, gain exposure to developments within the Caribbean agricultural sector, and explore potential partnerships and opportunities related to agricultural investment, innovation, and enterprise development.

For Invest TCI, the combination of sponsorship, investment promotion and local business representation provided a multifaceted platform to advance the Agency’s mandate. It allowed Invest TCI not only to promote the Turks and Caicos Islands to prospective investors but also to facilitate greater exposure for a local enterprise operating within an emerging sector of the economy. The Forum also provided opportunities for the Invest TCI delegation to exchange knowledge with regional counterparts, strengthen institutional relationships, and gain insight into investment trends and opportunities affecting Caribbean economies.

As the Caribbean Investment Forum continues to expand its regional reach, Santo Domingo, Dominican Republic, was announced as the destination for the next edition of the Forum, providing another opportunity to bring together investors, policymakers, investment promotion agencies and businesses from across the Caribbean and beyond.

Invest TCI looks forward to the continued growth of the Caribbean Investment Forum and the opportunities it creates to deepen regional partnerships, promote investment, and connect Caribbean businesses with new markets and sources of capital. The Agency remains committed to attracting sustainable investment, supporting domestic enterprise, encouraging economic diversification, and developing partnerships that contribute to the long-term economic development of the Turks and Caicos Islands.

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