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NIB Needs Innovative Sustainable Strategies That Go Beyond Traditional Methods

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By LLONELLA GILBERT

Bahamas Information Services

NASSAU, Bahamas – Minister of Immigration and National Insurance the Hon. Alfred Sears said the decision by the National Insurance Board (NIB) to raise the National Insurance Contribution was not easy or popular, but it was the Board’s statutory duty to prioritise its sustainability.

“At the same time, we recognize that increasing the contribution rate alone is not sufficient.  The sustainability depends on the innovative sustainable strategies that go beyond the traditional measures.  Therefore, our theme, ‘Promoting Financial Sustainability of Caribbean Social Security Systems’ is so timely,” the Immigration and National Insurance Minister said at the Opening of Ceremony of the 32nd Meeting of the Heads of CARICOM Social Security Organizations at Baha Mar Resort on Monday, October 28, 2024.

He noted that this was only the second time since its establishment, the Board had to raise the National Insurance contribution rate.

The Minister challenged the delegates attending the meeting to confront the very real factors shaping the region’s shared future.

He said, “Our regions are facing significant demographic shifts with ageing populations and declining birth rates, resulting in fewer people entering the workforce.  Additionally, migration and immigration trends create both opportunities and challenges calling for policies that encourage legal participation in the national insurance schemes.”

The Minister noted that these dynamics are reshaping the very foundation of the region’s social security frameworks, creating new pressures on the systems.

He said, “For The Bahamas, a unique geographic challenge also emerges.  Our nation, an archipelago, spread over thousands of square miles of ocean space, with citizens dispersed across islands and cays, separated by vast stretches of ocean.”

The Minister noted that this geographic spread amplifies the administrative and regulatory challenges of making decisions as well as redefines the skills needed by the NIB.

“This gathering offers an invaluable opportunity to share insights and ideas and to work together towards practical and innovative solutions. I encourage all of you to bring your expertise and unique perspectives and we explore strategies that will safeguard our social security systems.”

Secretary-General, Inter-American Conference of Social Security, Alvaro Velarca Hernandez explained that the discussion of the sustainability of the social security systems is crucial for all countries in the region.

“We are called to build a future in which our social security institutions can continue to provide protection and support to every person today and for generations to come.”

The Secretary-General said financial sustainability is probably the biggest challenge the region faces in addition to population ageing, finding new forms of work and the growing need for service coverage and quality.

He said this is why collaboration amongst countries and agencies in the region is essential.  “This space allows us the opportunity to work together, exchange experiences to learn from our strengths and jointly address our challenges.”

The Secretary-General said the Inter-American Conference of Social Security is committed to supporting its members in critical areas including business management innovations and governance practices.  (BIS Photo/Ulric Woodside)

Bahamas News

D-Squad Basketball Celebrates 20 years with CWCO’s Support  

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NASSAU, BAHAMAS (July 8, 2025) What began as a small effort to give young people a constructive outlet has grown into an impactful summer camp with participants benefiting from structured practices, personal development sessions, and opportunities to compete. This year marked two incredible decades since D-Squad Basketball has been shaping not just athletes, but leaders.

From day one, Consolidated Water (Bahamas) Ltd. (CWCO) has believed in the program’s mission to build character, discipline, and drive in the next generation of Bahamians through the game of basketball.

The D-Squad camp welcomes dozens of boys and girls between the ages of 5 and 19, offering structured training, mentorship, and a safe, empowering space to grow each year. With core values of drive, determination, dedication, and discipline at its foundation, the program has become a staple in the community. It has launched the dreams of young Bahamians and provided lifelong lessons both on and off the court.                                                                                                                                                                                                                         CWCO Board Member, Ethan Adderley, said “Investing in our youth is one of the most meaningful ways we can help build a stronger Bahamas. Programs like D-Squad Basketball offer structure, mentorship, and a sense of purpose. CWCO is proud to stand behind Coach McCoy and the work he’s doing to develop future leaders.”

The water supplier has funded equipment, uniforms, and other essential items so no child is left behind due to financial hardship. From first-time dribblers to college-bound athletes, D-Squad Basketball has reached hundreds of participants over the years.

Founder of D-Squad Basketball, Coach Harcourt McCoy, said, “D-Squad is more than basketball. It is a family, a mindset, and a movement.”

He added, “We have seen kids come through the program and go on to do great things, not just because they were good players, but because they learned how to push through, how to lead, how to believe in themselves. CWCO has been with us from the beginning, and thanks to their belief in our mission, we have been able to reach more children each year.”

As D-Squad celebrates this milestone year, CWCO is honored to continue investing in a program that proves what’s possible when a community comes together to lift its youth.

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Bahamas News

Carnival’s Celebration Key Set to Open July 19, 2025, Marking a Major Milestone for Grand Bahama

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Deandrea Hamilton | Editor

 

Grand Bahama, Bahamas, July 14, 2025 – The highly anticipated Celebration Key, Carnival Cruise Line’s newest private destination on Grand Bahama Island, is set to officially open on July 19, 2025. This momentous occasion is expected to be a game-changer for the island’s tourism and economy, ushering in a new era of opportunities for local residents and businesses.

The inaugural docking will feature the Carnival Vista, arriving at the port from 9 a.m. to 6 p.m. local time, with a grand opening ceremony scheduled for 10 a.m. Carnival Cruise Line President Christine Duffy will lead the celebrations, highlighting the collaboration between Carnival and The Bahamas to bring this vibrant new destination to life.

Celebration Key is Carnival’s first major project on Grand Bahama in over two decades. The sprawling port features five uniquely themed areas, including the Caribbean’s largest freshwater lagoons and the impressive 10-story Suncastle water playground. With a range of dining, entertainment, and retail options, the site promises an immersive experience tailored exclusively for Carnival guests.

Ahead of the grand opening, top Bahamian officials, including Deputy Prime Minister and Minister of Tourism Chester Cooper, Minister for Grand Bahama Ginger Moxey, and State Minister for Environment and Natural Resources Zane Lightbourne, toured Celebration Key. Their visit underscored the importance of this development for the island’s future and the broader tourism sector.

With its stunning natural beauty and fresh amenities, Celebration Key is poised to become a premier destination in the Caribbean cruise market — a win for Carnival, Grand Bahama, and The Bahamas as a whole.

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Bahamas News

Jazz Chisholm Named to 2025 MLB All-Star Game, Capping Comeback with Flair and Firepower

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Deandrea Hamilton | Editor

 

“I think I worked hard for it and earned it.”

Those were the words of Bahamian baseball star Jazz Chisholm Jr. after being named to the 2025 MLB All-Star Game, marking his second career selection.  The 27-year-old infielder will represent the New York Yankees at the Midsummer Classic, set for Tuesday, July 15 at 8:00 p.m. ET, live from Truist Park in Atlanta and broadcast on FOX.

The announcement comes as The Bahamas celebrates its 52nd year of Independence, amplifying the pride felt across the archipelago for one of its most beloved athletic sons.

Chisholm’s All-Star nod is particularly meaningful after he overcame an injury scare earlier in the season.  Since returning to action on June 3, he has been electric — batting .308 with eight home runs, 21 RBIs, and four stolen bases in just 29 games.  His season line now includes a .245 average, 15 home runs, 38 RBIs, and 10 steals in 59 games.

“You work hard, and to get the recognition, it’s amazing,” Chisholm said.  “It got harder once I got hurt, but I came back and got hot.”

Known as much for his on-field explosiveness as his off-field style, Chisholm teased his upcoming appearance at the All-Star red carpet with a signature swagger.  “I do have a fit in mind,” he said with a grin.  “But you guys will just have to see it.”

Chisholm joins Aaron Judge and Max Fried as the Yankees’ All-Star representatives.  Yankees manager Aaron Boone will lead the American League squad, after guiding New York to the AL pennant in 2024.

“What Jazz has been doing all year — hitting the ball all over the field, making some great plays — it’s been pretty great,” Judge said of his teammate.

For young Bahamians watching at home, Jazz is more than just a Major Leaguer.  He is a symbol of possibility, pride, and perseverance — especially during Independence week.  His journey from Nassau to Yankee Stadium continues to inspire.

As Bahamians across the nation tune in on Tuesday night, they’ll be watching not just an All-Star — but one of their own lighting up baseball’s brightest stage.

Let’s go, Jazz!

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