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BAHAMAS: PM says Bahamas is uniquely positioned to quickly become jurisdiction of choice for Blockchain companies

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#Freeport, Grand Bahama, June 21, 2018 – Bahamas – Prime Minister, Dr. the Hon. Hubert Minnis says Grand Bahama is the ideal location in The Bahamas to support the establishment and growth of a technology cluster of blockchain, and other software companies that can jumpstart the technology industry in The Bahamas.

In spite of the challenges that come with establishing and growing a technology sector, Prime Minister Minnis said that The Bahamas is uniquely positioned to quickly become the jurisdiction of choice for technology companies, particularly blockchain technology companies, and fintech solution providers.

Prime Minister Minnis was the keynote speaker during the opening ceremonies for the Bahamas Blockchain and Cryptocurrency Conference, which opened on Wednesday, June 20, 2018 at the Grand Lucayan and will run until Friday, June 22, 2018.  The three-day event attracted a wide range of local and international participants learning latest information about blockchain and cryptocurrency from professionals proficient in the field.

Prime Minister Minnis said that the conference, which is the first of its kind for The Bahamas, represents an important step towards his government’s new vision for The Bahamas and a new, progressive step for the island of Grand Bahama.

“Our government recognizes that in order for the economy to grow, we must diversify and create other opportunities for Bahamians to be successful,” said Prime Minister Minnis.

“I firmly believe in growing a diverse technology industry sector in The Bahamas, where entrepreneurs can start and grow new technology companies. We must also welcome existing global technology players to move their operations to The Bahamas, which will have a meaningful impact on our economy and which can be achieved in a relatively short period of time.

“Companies that utilize block chain technology as a basis for their new products and services, represent a genesis of a new wave of solutions that we believe will change the world as we know it.  There is no reason why these new blockchain technology companies that have their eyes on global markets cannot have their base of operations here in The Bahamas.”

The Prime Minister, in outlining reasons why such companies should consider moving their operations to The Bahamas, noted that the Bahamas is a sovereign jurisdiction that has been a stable parliamentary democracy for over 250 years. It’s a country that believes in the rule of law and is situated only 68 miles from the United States.  He added that his government is committed to establishing the proper regulatory framework to ensure that incorporating, funding and operating technology companies that have global ambitions is a relatively easy process.

“Significant progress has already been made with the passing of our Commercial Enterprise Act and with our ease of doing business changes and amendments,” said Prime Minister Minnis.

“Other software and technology companies inclusive of biotechnology, artificial intelligence, and advanced manufacturing operations can make the Bahamas their home as well, forming clusters that would only serve to diversify and strengthen our technology sector.

“Additionally, in The Bahamas we can provide a quality of work-life balance that is second to none given our ability to offer sun, sand, sea, and cultural experiences that are uniquely Bahamian.”

The Prime Minister noted that in order to build a thriving technology sector that will benefit the country’s economy in a meaningful way, several key components must be in place, these include:

(i)             Policies that encourage innovation,

(ii)           Educated and motivated workforce with access to higher education and professional development resources,

(iii)          Flexible immigration policy,

(iv)          Locations and infrastructure that can support population growth, and provide broadband access telecommunications services that are on par with the rest of the world.

“I do not think it would be too far-fetched for me to say that the next generation of Bahamian millionaires, and possibly billionaires, could earn their wealth in the technology sector,” said Dr. Minnis.

“What we do here at this conference is the first step in that journey: a journey that we cannot accomplish alone, which is why our international friends and partners must play an integral, and important role in all of this.”

 

By: Andrew Coakley (BIS)

Photo Caption: Prime Minister of The Bahamas, Dr. the Hon. Hubert Minnis (centre right), along with Deputy Prime Minister, the Hon. Peter Turnquest (centre left), Minister of Education, the Hon. Jeffrey Lloyd (eighth left), Minister of Transport and Local Government, the Hon. Frankie Campbell (fifth right) and Minister of State for Grand Bahama, Senator the Hon. Kwasi Thompson (sixth right), along with other Government officials and Senators stand with some of the conference presenters and international participants at the Blockchain and Cryptocurrency Conference, following opening ceremonies on Wednesday, June 20, 2018 at the Grand Lucayan.

(BIS Photo/Lisa Davis)

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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