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GB Ministry creating “one-stop shop” for business development; entrepreneurs urged not to wait until the entire commercial scope comes into view to prepare…

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By ANDREW COAKLEY

Bahamas Information Services

 

 

 

FREEPORT, Grand Bahama, The Bahamas — Minister for Grand Bahama, the Hon. Ginger Moxey is convinced that the ideals and objectives of the UB Ignite Program are perfectly aligned with the ideals and objectives of the Ministry for Grand Bahama, when it comes to providing investment opportunities and preparing Grand Bahamians to take advantage of such opportunities.

In fact, Minister Moxey says when she considers UB Ignite and Innovate 242, what comes to mind are all of the possibilities that exist in Grand Bahama with over $2B of investment taking place.

“I think all of it ties into UB Ignite and its overall objectives,” added Ms. Moxey. “We are aligned. I see us partnering and working together to ensure that our people are able to take advantage of all of the opportunities that’s happening on Grand Bahama Island right now.”

Minister Moxey was the keynote speaker at the opening ceremony for the UB-North Innovation Summit 2024 at Grand Lucayan resort on Saturday, November 16, 2024, which was conducted by the University of The Bahamas.

The opening ceremony was a part of a two-day Summit that was geared towards attracting upstart, innovative businesses throughout Grand Bahama.

Under the theme “breaking boundaries through technology and innovation,” this year’s summit focused on Artificial Intelligence and its effect on today’s business environment.

In her address at the opening of Innovate 242, the Minister for Grand Bahama noted that while there are many opportunities for business, innovative approaches to business ideas and the launch of possible new business models are coming on stream, the key to taking advantage of open doors will be preparation.

She encouraged UB students, young entrepreneurs and prospective innovators not to wait until the entire scope of possibilities is revealed before they begin preparing for opportunities.

“You have to prepare for all of this from now,” she advised. “You can’t wait until it’s here to begin planning, because it will be too late. There are going to be opportunities for everyone.”

Minister Moxey pointed out that Grand Bahama has seen a dramatic drop in its population over the years due to many things, including the destruction of hurricanes. She noted that Grand Bahama used to have a population of between 55,000 to 60,000, but now it’s down to a population of about 47,000.

“We’ve lost a lot of people,” she admitted, “but a lot are coming back home now because of the many developments happening and the opportunities opening back up.

“Consider, property values on Grand Bahama Island are among the best in the country. We have to recognize that.  Real estate on GB is through the roof.  We have to also recognize who’s buying these properties – foreigners and even people from Nassau are buying the properties.  But I encourage Grand Bahamians to take advantage of what we have happening right now.”

The Minister specifically pointed to some of the investments in the pipeline or currently under way in Grand Bahama, inclusive of the $665 million Grand Bahama Shipyard expansion, the $600 million Celebration Key Cruise Port, the $210 million Freeport Health Campus, the $73 million Lawithon South Riding Point development, the $250 million Six Senses Resort, and the $80 million Royal Caribbean MSC/ITM Cruise Port.

“All of the investments are real,” she said. “It’s not pie in the sky. It’s happening now. So, I want you all to prepare to take advantage of all that’s happening. To me, it ties into why we are here as entrepreneurs and innovators. That’s what we have to be; we have to be innovative in the way we do things.”

The Grand Bahama Minister pointed out that as Cabinet Chair of an initiative called Innovate 242, her role is to help to establish The Bahamas as the center of innovation for the Caribbean and for Grand Bahama to become the center for sustainability.

“Why not Grand Bahama? We’ve been through it all. We are the home of resilience. I think we can teach a thing or two when it comes to sustainability and resiliency.  We are the model for climate change in the region.  So, why not take advantage of that?”

To assist entrepreneurs and innovators, Minister Moxey said that her Ministry is creating a “one-stop shop” for business development. The objective is to assist entrepreneurs with their idea from concept to launch. Within that one-stop shop will exist representatives from all of the relevant agencies needed to start a business, including representatives from the Grand Bahama Port Authority, Invest Grand Bahama, Inland Revenue, Small Business Development Center, Bahamas Development Bank, BAIC, and Venture Capital Fund.

She added that the Business Incubator will also have incubation spaces for businesses, as well as rooms that will be sponsored by some of the major international organizations on the island, and will be used for workshops and meetings.

 

PHOTO CAPTION

Minister for Grand Bahama, Hon. Ginger Moxey was the keynote speaker during the opening of the UB-North Innovation Summit 2024 at Grand Lucayan resort on Saturday, November 16, 2024.

(BIS  Photo/Andrew Miller)

Bahamas News

OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas News

VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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