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Tech Summit Set for November in Grand Bahama

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#Bahamas, October 17, 2017 – Grand Bahama – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says the concept of The Bahamas as a Technology Hub is not a new idea, however making Grand Bahama the center of that technology hub just makes sense.

The Minister’s remarks came during a press conference at Pelican Bay resort on Monday, October 16, 2017 to announce a Technology Conference in Grand Bahama November 9-10, 2017 at the Grand Lucayan.

“The technology industry can become a third pillar of our economy,” said Minister Thompson.   “And that can begin right here in Grand Bahama.   For years, we in Grand Bahama have been searching for industries which can diversify our economy and today is a very important step in that process.”

The Minister of State for Grand Bahama noted that the information and communication technology industry has also caught the eye of other Caribbean countries.   He referenced an article in Caribbean Journal that stated “the culmination of the Caribbean and technology is really ideal” and it ranked The Bahamas as one of 13 top locations for potential Tech Hubs.

“The Bahamas is really well positioned by our proximity to the United States,” Minister Thompson pointed out.   “We have the infrastructure through our fiber optic cable.   We also have the skilled Bahamians – some at home and some abroad to make it all possible.

“But why Grand Bahama?  But as I put it, why not Grand Bahama?

“I believe we are really the most in need of economic reform, as tourism is not enough.   We therefore should be willing to make the necessary changes and modifications to make this a reality.”

In giving credence to his call for Grand Bahama to become the Tech Hub for the entire Bahamas, Minister Thompson pointed out the fact that Grand Bahama is located closer to the United States than Nassau – has better infrastructure than most of the other islands, and access to acres of cheap, available land.

“We are also well-positioned with the Grand Bahama Shipyard and the Freeport Container Port,” added Minister Thompson.   “Both of these facilities are leaders in the region, and even in the world…, and can facilitate technology subsidiary businesses.   Technology manufacturing businesses can take advantage of concessions we already have in the Hawksbill Creek Agreement.

“So Grand Bahama is ready for a shift in industry focus, and technology is the natural evolution from our industrial nature.   We need an economic system upgrade.”

He continued, “It will require a focused plan, the support of local stakeholders, community involvement and a government with the will to make it happen.

“We will require changes in our legislation, special tax incentives, business license exemptions and even concessions that will attract data centers and major technology manufacturers.   We need to have important conversations on internet exchange points to be able to attract and protect company data.

“We must create an environment with local entrepreneurs and innovators, where they can flourish alongside companies from abroad.

“If you are a major international tech company, we want you in Grand Bahama.   If you are a Bahamian and you want to set up a Tech company, we want you in Grand Bahama.   This Tech Summit in Grand Bahama is a call to all industry stakeholders locally and internationally, so that we can continue this dialogue in Grand Bahama on how we will shape the policy for Grand Bahama.”

By: Andrew Coakley (BIS)

ANNOUNCING SUMMIT – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson was the keynote speaker during a press conference at Pelican Bay resort, October 16, 2017, to announce dates and plans for the upcoming Technology Summit, to be held in Grand Bahama November 9-10, 2017.  (BIS Photo/Andrew Miller)

 

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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