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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

Where to Draw the Line? TCI and Bahamas Advance Maritime Boundary Talks

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June 16, 2026 – Thirty-four years after formal negotiations began, Turks and Caicos Islands and The Bahamas are still working to define an agreed maritime boundary between the neighbouring archipelagos, a revelation emerging from a recent Turks and Caicos Cabinet summary which has brought renewed attention to a largely overlooked diplomatic and security issue.

A May 2026 Turks and Caicos Cabinet update suggests the long-running negotiations are continuing to advance.  In August 2023, Bahamas Foreign Affairs Minister Fred Mitchell said efforts to draw an exact maritime boundary had been slowed by the challenge of gathering the mapping and locational data required for the exercise.  The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few details beyond confirming that both sides remain committed to maritime boundary delimitation talks.

The negotiations are not centred on a territorial dispute but rather on establishing a legally recognized maritime boundary under international law.  Such agreements help determine jurisdiction over fisheries, maritime resources, law enforcement activities, environmental protection and migration control in the waters between neighbouring countries.

While the discussions focus on the boundary between The Bahamas and Turks and Caicos, the exercise is part of a wider maritime delimitation effort — the process of formally marking and agreeing upon where one country’s waters end and another’s begin.  In comments to The Tribune in August 2023, Mitchell referenced similar boundary considerations involving the United States and Haiti, underscoring the broader regional importance of defining maritime jurisdictions in accordance with international law.

According to public statements from The Bahamas, formal negotiations between the two sides began in 1992 and were followed by technical discussions in 1996.  After years of little public activity, talks resumed in 2023 and have continued through a series of engagements involving legal, maritime, security and geographic information specialists.

The importance of maritime boundaries was underscored by former Bahamas Foreign Affairs Minister Brent Symonette during maritime boundary discussions between The Bahamas and the United States in 2009.  At the time, Symonette described clearly defined maritime borders as essential to national sovereignty, law enforcement, fisheries management, environmental protection and efforts to combat illegal migration.  He also argued that agreed boundaries provide legal certainty and strengthen cooperation between neighbouring countries.

The United Kingdom, which represents Turks and Caicos in the negotiations, has offered few public details beyond confirming its commitment to the process.  However, officials from the Foreign, Commonwealth and Development Office participated alongside TCI representatives during talks held in Nassau in August 2023.  The Turks and Caicos delegation included then Permanent Secretary Wesley Clerveaux, whose responsibilities included Marine Affairs.

At this stage, the TCI Cabinet has only publicly identified the area under discussion as being south of “Point 1.”  Information released by The Bahamas following a 2023 meeting indicates the negotiations concern waters between the southeastern Bahamas and the Turks and Caicos Islands.  While no map has been made public, the available information places the discussions south of Bahamian islands including Mayaguana and Great Inagua.  Exactly where the proposed boundary would meet the Turks and Caicos archipelago remains unclear from public records.

The latest Cabinet update offers no indication of when the negotiations may conclude.  However, after more than three decades of intermittent discussions, recent references by both governments suggest efforts to finally draw the line between the two jurisdictions are continuing.

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Bahamas News

CDB Leadership Passes to Belize as Region Eyes New Financing Partnerships  

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By Deandrea Hamilton

 

The Bahamas, June 9, 2026 – The Caribbean Development Bank’s annual gathering may have concluded in The Bahamas, but attention is already turning to Belize as leadership of the institution’s Board of Governors officially changed hands.

At the close of the 56th Annual Meeting in Nassau, outgoing Chairman and CDB Governor for The Bahamas, Michael Halkitis, formally transferred the chairmanship to Belize’s Dr. Hon. Osmond Martinez, continuing the Bank’s tradition of rotating leadership among its regional shareholders.

The handover capped a week of discussions focused on financing development in an increasingly uncertain global environment and strengthening the Caribbean’s ability to withstand economic and climate-related shocks.

One of the meeting’s most closely watched conversations centered on how multilateral development banks can better support vulnerable Small Island Developing States.

During the President’s Chat, titled Financing the Future: MDB Strategies for Uncertain Times, CDB President Daniel Best joined leaders from the OPEC Fund, the Central American Bank for Economic Integration and the Fund for Responding to Loss and Damage to discuss expanding development finance and building resilience.

OPEC Fund President Dr. Abdulhamid Alkhalifa emphasized that development institutions must move beyond responding to crises and instead help countries prepare for them.

“The real test is whether we can help countries move from strategy to implementation, and from implementation to results,” Alkhalifa said.

The discussions reflected a growing regional push for innovative financing solutions as Caribbean nations continue to confront climate vulnerability, infrastructure demands and economic uncertainty.

Beyond discussions on financing and resilience, the Annual Meeting also featured youth engagement activities, including the Youth FIRE Forum, where young Caribbean leaders participated in conversations about innovation, entrepreneurship, leadership and the future of regional development. Senior government officials, development professionals and youth delegates exchanged ideas on the challenges and opportunities facing the next generation, reinforcing a recurring message throughout the conference: that investments made today must ultimately improve opportunities for Caribbean youth tomorrow.

That theme was echoed by Bahamas Prime Minister Philip Davis, who used the opening ceremony to challenge regional leaders to invest in future generations.

“We must invest in the one asset that no agency can ever downgrade, and that no storm can ever wash away: the mind of a Caribbean child,” Davis told delegates.

With Belize now assuming the chairmanship, regional leaders say the focus remains on transforming ideas discussed in Nassau into tangible results for Caribbean people.

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

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Bahamas News

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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