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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

Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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Bahamas News

FNM’S $200 CHILD SUPPORT PLAN SPARKS DEBATE AS PLP QUESTIONS FUNDING AND SCOPE

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NASSAU, Bahamas — The Free National Movement has rolled out details of its proposed $200 monthly Working Parent Child Support Initiative, but the announcement has already ignited political debate and prompted clarification from the party.

Leader Michael Pintard said the initiative would provide $200 per month to qualifying caregivers during the first two years of a child’s life, as part of a broader push to ease the cost of living for Bahamian families.

The party estimates the programme would cost between $12 million and $14 million annually, with funding to come from reducing what it describes as excessive government spending — particularly consultancy contracts.

However, the proposal quickly drew scrutiny.

The governing Progressive Liberal Party has challenged the feasibility of the plan, questioning how the payments would be sustained without increasing the deficit or introducing new taxes. The response forced the FNM to further outline its funding strategy, emphasizing that a 21 percent reduction in consultancy spending could fully finance the initiative.

The exchange has highlighted a familiar election-season tension — bold proposals versus practical execution.

Beyond the child support plan, Pintard outlined a wide-ranging policy agenda, including:

  • Removing VAT on select essential goods
  • Constructing 5,000 affordable homes within five years
  • Cutting the country’s food import bill by half
  • Strengthening enforcement against illegal immigration
  • Reforming the nation’s healthcare system

Pintard also took aim at the current administration, accusing it of mismanaging public funds and awarding more than $400 million in contracts without competitive bidding — claims which have further fueled political back-and-forth.

“The best way to pay for high-quality public services in the long run is to have a strong, efficient economy,” Pintard said, arguing that government spending must be redirected toward ordinary Bahamians.

While supporters have welcomed the proposals as timely relief for struggling families, critics remain cautious, pointing to unanswered questions around implementation, eligibility, and long-term sustainability.

With election momentum building, the debate surrounding the FNM’s plan underscores a broader reality — Bahamians are being presented with big promises, but increasingly demanding clear answers on how those promises will be delivered.

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

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Bahamas News

COI UNVEILS FIRST 100 DAYS PLAN, PROMISING SWEEPING CHANGE AND BREAK FROM MAINSTREAM POLITICS

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NASSAU, Bahamas — The Coalition of Independents has rolled out its First 100 Days Plan, positioning it as a roadmap for rapid national transformation and a clear break from what it describes as the failures of the country’s two dominant political parties.

Leader Lincoln Bain introduced the plan during a recent public presentation, outlining a series of early actions his party says would be implemented immediately upon taking office.

At the heart of the proposal is a push to redistribute access to Crown land, a signature policy of the Coalition, which argues that Bahamians should have greater direct benefit from national resources. The plan also prioritizes the full implementation of Freedom of Information legislation, with Bain framing transparency as a cornerstone of restoring trust in government.

Additional focus areas include proposed reforms to the healthcare system, including improved compensation for nurses and medical professionals, and broader governance changes aimed at increasing accountability and reducing political control over national decision-making.

The Coalition has branded the plan as a historic first, describing itself as the only political group to present a structured 100-day agenda ahead of a general election.

But beyond the policy points, the messaging was unmistakable.

Bain and his team continue to urge Bahamians to move away from the traditional two-party system, arguing that both the Progressive Liberal Party and the Free National Movement have failed to deliver meaningful change despite decades of governance.

“The system is not working for the people,” has been a consistent refrain from the Coalition, which is campaigning on the idea of resetting how the country is governed.

While supporters view the 100-day plan as a bold and necessary shift, questions remain about the level of detail provided, particularly around costing, timelines, and how proposed changes would be executed within the existing structure of government.

Still, the rollout signals that the Coalition of Independents is seeking to position itself not just as an alternative voice, but as a ready governing option — one promising immediate action and systemic reform.

With election momentum building, the emergence of a defined 100-day agenda adds a new dimension to the political landscape, as Bahamians weigh competing visions for the country’s future.

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

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