Connect with us

Bahamas News

Minister Moxey: ‘Outlook for Grand Bahama is grand’

Published

on

By ANDREW COAKLEY

Bahamas Information Services

 

FREEPORT, Grand Bahama, The Bahamas — Minister for Grand Bahama, the Hon. Ginger Moxey says Grand Bahama is on a transformational, revolutionary journey — one that allows it to reach that elusive potential talked about for decades.

“But today, as a Grand Bahamian, born and bred here, I believe, with every fiber of my being, that ‘it’s here and it’s now’!  I believe that the outlook for Grand Bahama is grand.”

Minister Moxey was the keynote speaker at this year’s Grand Bahama Business Outlook, held at Grand Lucayan resort on Thursday, February 13, 2025, under the theme, ‘Prioritizing Inclusive, Sustainable Growth.’

In her address, Minister Moxey noted that over the past three years, the government has seen the culmination of strategic investments positioning Grand Bahama as a hub of innovation, resilience, and opportunity.

In the midst of this positive economic activity, she added that the government continues to “connect the dots” by implementing initiatives focused on Grand Bahama’s recovery.  This aligns with the impact of the nearly $3 billion in investments happening on the island with the government’s initiatives and plans to progress residents and the island forward.

“For this reason, the Davis/Cooper Administration took ‘the bull by the horns’ and tackled some of the critical longstanding issues that have contributed to our economy’s stagnation,” said Minister Moxey.  “By doing so, the government is working diligently to remove obstacles that have hindered the island’s economic growth and recovery and the ability to improve the quality of life of residents.

“To prioritize inclusive, sustainable growth, the government and stakeholders must collaborate to stimulate our tourism, education, construction, and the industrial sectors.  This action will ensure that not only a small percentage of Bahamians benefit from Grand Bahama’s revitalization, but that all fully prepared individuals can also embrace the opportunities.”

Turning her attention to some of the specific upcoming projects coming to Grand Bahama, the Grand Bahama Minister pointed to the proposed Afro-Caribbean Marketplace and Logistics Center.  That project came about during discussions at the historic 31st Afreximbank AGM held in Nassau last June, when the government signed a $1.8M Project Preparation Facility with Afreximbank for the establishment of an Afro-Caribbean Marketplace and Logistics Center – a significant undertaking, in the City of Freeport, by the Davis-Cooper Administration.

Minister Moxey explained that the acquisition of the International Bazaar and the Royal Oasis Tower and Casino properties, as well as the reopening of the West Sunrise Highway will be central to this development and is currently in progress.  She assured that purchase agreements have been made with both the Bazaar owners and Harcourt Development, and the government is ready to proceed.

However, she added that the Grand Bahama Port Authority has indicated that there are long outstanding receivables of the previous owners that must be settled, which has caused a slight delay.

“This acquisition has been budgeted for, in the 2024/25 Budget of the government, and we are hopeful that we can move ahead, as quickly as possible, for this game-changing development for our island.

“The magnitude of this project is far-reaching, and its impact on Grand Bahama will be visible in multiple ways. Firstly, it will resolve longstanding issues that have festered for far too long—the closure of West Sunrise Highway, which will be reopened, the defunct Princess Tower and Casino, and the International Bazaar properties, which the government will purchase.”

Addressing “the elephant in the room”, Minister Moxey said she’s aware of the concern of many Grand Bahamians about one or two major issues on the island, including the sale of the Grand Lucayan resort.  She said she’s satisfied that steady progress is being made, and asked Grand Bahamians to appreciate that such negotiations can sometimes be sensitive.  As such, she did not go into any details surrounding the sale of the resort.

Repeating a remark made by Prime Minister Philip Davis about the hotel during an event at the resort over a week ago, Minister Moxey said that the important thing with negotiating a sale for the Grand Lucayan is to “get it right”.

“I can say that our desire is for a developer committed to embracing the culture of Grand Bahama, while creating a world class brand that enhances the tourism product of this island,” said Minister Moxey.  “We were careful to seek out someone who has the vision, the heart and the ability to create something spectacular for us all.”

The Minister gave a charge and threw out a challenge to all Grand Bahamians – “to find something positive to say!

“When you are about to say something that you know is negative, replace that with something positive about our island instead.  I’m sure we can do that, because there is so much positive to talk about. We are all in this together!”

Photo Caption: GB OUTLOOK IS GRAND – Minister for Grand Bahama, the Hon. Ginger Moxey opened the 2025 Grand Bahama Business Outlook on Thursday, February 13, 2025, at Grand Lucayan resort.  Minister Moxey said that the outlook for Grand Bahama is “grand”.

(BIS Photo/Andrew Miller)

Bahamas News

Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

Published

on

The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

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

Continue Reading

Bahamas News

The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

Published

on

The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

Continue Reading

Bahamas News

Experts Analyze Economic Landscape; Opportunities and Challenges

Published

on

Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

Continue Reading

FIND US ON FACEBOOK

TRENDING