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Bahamas Blockchain and Cryptocurrency Conference Set for June in Grand Bahama

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#Bahamas, May 28, 2018 – Grand Bahama – The Bahamas Blockchain and Cryptocurrency Conference was officially announced by Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson during a press conference at Pelican Bay on Thursday, May 24, 2018.

The conference, scheduled to be held June 20 to 22 at the Grand Lucayan, was described by Minister Thompson as, “our coming out party” for Blockchain and FinTech.  It is anticipated that representatives from 500 companies will converge on Grand Bahama, where investors and entrepreneurs will meet.

Stating that Grand Bahama is suited to be the technology hub of the region, the Minister added that the first technology summit held in November hosted some of the finest minds.

“The Technology Summit was instrumental in beginning the strategic process of building a technology sector in The Bahamas.  The government has since begun implementing recommendations of the Steering Committee to make this technology hub a reality.  And I want to particularly thank Dr. Donovan Moxey who heads the GB Tech Hub Steering Committee.

“One such recommendation, which we are now implementing, is the hosting of a major international conference, which will bring hundreds of tech companies to Grand Bahama. This was one of their first recommendations and we are implementing one of their first recommendations.”

He added, “The committee also recommended that this conference take the form of a venture conference to establish The Bahamas as a global player in introducing venture investors to seed stage and early stage companies.  Basically, putting the entrepreneur and the investor together and seeking to make and build relationships.”

Announcing plans for the upcoming conference, the Minister said, “I’m pleased to announce the Bahamas Blockchain and Cryptocurrency Conference, BBCC for short, which is designed to attract investors, entrepreneurs and service providers and tech companies from all over the world who are focused on making investments, starting and developing companies and building business relationships with blockchain technology.

“Further, the BBCC will provide The Bahamas, particularly Grand Bahama, with an opportunity to present itself to the world as a jurisdiction that has an established framework, financial and immigration policies that are favourable for technology and FinTech companies that want to incorporate and be domiciled here in The Bahamas.”

Some of the topics to be discussed will be: The Technology Sector of The Bahamas is Open for Business; Why Should We Invest in The Bahamas; A Global Perspective on Regulatory Framework for CryptoCurrency and ICOs; and What Does the Future Look Like for Blockchain, CrytoCurrency and FinTech Solutions.

“We also anticipate that this conference will serve to present Freeport, Grand Bahama as an ideal location to establish offices and global headquarters for new technology companies.”

Featured will be “high powered” speakers, even one or two of Forbes’s CryptoCurrency Billionaires list.  Sponsors of the event include Aliv, the Grand Bahama Port Authority, BTC, Cable Bahamas, Grand Bahama Power Company, and GIBC.

“The government also believes that it is critical to not only talk about Grand Bahama and all we have to offer, but to open our doors and welcome the global community to see for themselves and dialogue with the local business community.”

It is highly anticipated that the hosting of the conference will have an immediate impact on the local economy with the filling of hotel rooms, use of taxis, restaurants, tours and everything else the island has to offer. Minister Thompson noted that it is important that the island show the visitors why Grand Bahama is the right place to invest.

“Grand Bahama is open for business and we welcome our international business representatives to discover what our island has to offer.”

He encouraged Bahamian business persons and aspiring entrepreneurs to be a part of the conference.

By: Robyn Adderley (BIS)

Photo Caption: The Bahamas Blockchain and Cryptocurrency Conference was officially announced during a press conference on Thursday, May 24, 2018.  Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson said the conference will be held June 20 to 22, and it is hoped that representatives from 500 tech companies will attend.

(BIS Photo/Lisa Davis)

 

 

 

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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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