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Bahamas poised for digital innovation, says PM

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#Nassau, November 2, 2018 – Bahamas – The Bahamas is poised for a new time of innovation and transformation, according to Dr. the Most Hon. Hubert A. Minnis, Prime Minister, as the nation adapts to today’s digital world.

He was addressing the Royal Bank of Canada Re-imagining Banking Reception held at the Grand Hyatt, Baha Mar Convention Centre on Wednesday, October 31, 2018.

Royal Bank of Canada is the oldest bank to be established in The Bahamas; with its first branch opening in 1908.  And throughout its 110 years of existence, it has served as the principal banker of The Government of The Bahamas, for many years

“Royal Bank has been a significant contributor to the development and growth of the modern Bahamas,” the Prime Minister said.  He noted that this includes the development and financing of major projects namely: Arawak Cay Port Development, Princess Margaret Hospital Critical Care Block, the Harry C. Moore Library, Nassau Airport Development Company and the Franklyn Wilson Graduate School of Business at the University of The Bahamas.

Earlier this year, RBC announced that its flagship youth skills and empowerment programme – Future Launch – would be coming to The Bahamas.

“RBCs are launching this program around the world, and are pleased that the program will be here in The Bahamas,” the Prime Minister said.

The community engagement initiatives by RBC dovetail with the vision and various initiatives of the Government of The Bahamas, said the Prime Minister.  Toward this end, the government recently launched the Small Business Development Center, for which an amount of over $25 million has been allocated to support micro- small- and medium-sized businesses.

“One of our guiding principles is that sustainable economic growth should be driven by Bahamian investment and creativity, in tandem with strategic foreign direct investment,” the Prime Minister said. “We believe that entrepreneurs are the primary drivers behind innovation and growth,” he added.

The Prime Minister said some of the goals set by his administration are to: stimulate Bahamian ownership, create jobs, and to reduce poverty.

“In order to achieve those goals, we realized that we had to address the blockages that prevent Bahamian ownership, that stifle job creation, and that perpetuate poverty,” he said.  Therefore for his government, access and opportunity are important.

“Access to the kinds of opportunities that those who have traditionally succeeded in our economy often take for granted, including: good advice, help with planning and execution, contacts and networking, and of course, critically, access to capital,” he said.

He told RBC that private enterprises and banks like it should also play a vital role in helping small businesses and entrepreneurs to gain access to capital for business development.  The Prime Minister then pointed out that the Bahamian economy is growing with tourism doing “exceedingly well.” Also a number of major investments are on the horizon.

“Given its history in The Bahamas, I know that the Royal Bank of Canada will continue to be a significant player in the economic life of The Bahamas.

“I look forward to an enhanced partnership between the Government and RBC in the development of more Bahamian entrepreneurs and small businesses.

“I also look forward to enhanced opportunities for corporate citizenship by RBC, especially in the area of youth development, including for at-risk youth,” the Prime Minister said.

 

By Lindsay Thompson

Photo Caption: Prime Minister, Dr. the Most Hon. Hubert Minnis addresses the RBC Re-imagining Banking reception at the Grand Hyatt, Baha Mar, October 31, 2018; also mingles with RBC executives, along with Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette.

 

(BIS Photos/Yontalay Bowe)

 

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

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

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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