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Tech Summit adds over half million dollars to Grand Bahama’s economy

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#Freeport, GB, November 17, 2018 – Bahamas – According to Minister of State for Grand Bahama, Senator Kwasi Thompson, it has been estimated that the 2nd Grand Bahama Technology Summit has added over a half million dollars to the Grand Bahamian economy.

During his opening remarks at the 2nd Grand Bahama Technology Summit on Wednesday, November 14, 2018, at the Grand Lucayan, Minister Thompson noted that the Summit has exceeded expectations, resulting in the Office of the Prime Minister having to close online registration due to spaces filling up quickly.

“For this we are truly thankful,” said Minister Thompson. “Our journey has just begun and we look forward to new initiatives in the coming months.

“As we embark upon these three days (at the Summit) and we chart the way forward I encourage us to move forward with the mindset of ‘go big, or go home’. In Grand Bahama we can’t afford to think small or be small-minded. I believe, way down in my spirit that big things are about to happen but only if we are prepared to think big, believe big and Go big!”

Adding that it levels the playing field, and brings the world’s leading companies to an Island that some said would never recover. Information Technology is a part of business, it is a business and it attracts business.

The Minister of State for Grand Bahama said that the Government is concentrating on the revitalization of Grand Bahama’s economy by giving renewed energy to restoring well-known industries and expanding those newly budding.

“Though we have not yet fully achieved it, make no mistake about it, full restoration is in our grasp,” said Minister Thompson.

“Last year’s Summit led to the formation of the Technology Hub Steering Committee tasked to produce a strategic plan for Grand Bahama. This committee is comprised of various stakeholders with an aim to create a framework for addressing legislative changes, private public partnership, and policy reform. Efforts to engage in the promotion of Grand Bahama as a technology hub for our region also began. This was evident through our direct involvement in international trade missions designed to promote The Bahamas, and Grand Bahama.”

Minister Thompson pointed out that one year later, since the launch of the first GB Tech Summit, Grand Bahama has new partners, new businesses, new jobs and new programs.

He said companies like GIBC Digital, which established an office in Grand Bahama only a few months ago, has invested significantly in Grand Bahama, but more importantly in Grand Bahamians. They have trained and hired 30 Bahamians as well as they continue to be good corporate citizens.

Also, the Minister highlighted Itelbpo, a tech call center, which has been in Grand Bahama since 2013, but which recently announced its expansion and hiring of 100 additional Bahamians, 25 of whom have already been hired.

“We also welcome the principals of international tech companies like Dev Digital and Skyward Techno who have recently applied to the Government to set up offices in Grand Bahama, proving that Grand Bahama remains attractive to international tech companies,” added Minister Thompson.“We welcome all international companies and will shamelessly be courting you for the next three days to come to Grand Bahama.

“We cannot forget, that this Summit is all about highlighting Grand Bahama as a place to live, play, work and Invest. We have brought the world to Grand Bahama to give them a taste of who we are and what we can offer. We are open for business and we want your business.”

Minister Thompson noted that this year’s Summit was bigger and better, not just in terms of numbers of attendees and participants, but in terms of its focus. With education the main focus of this year’s Tech Summit, Minister Thompson welcomed to the Bahamas international learning partners like Cisco Systems and CompTIA (https://www.comptia.org/), who have training modules with Certificates on Corporate Digital Transformation, Cyber Security, Networking and Programming.

He also made special mention of companies like Red Hat, Oracle, Dell, Palo Alto, Veeam, IDB and Cheryl Bayer, all of whom will conduct smaller learning sessions on topics like Next Generation Firewall, Tools to Fund technology and Innovation Projects, Preventing Advance attacks, Cyber Crime, and Solving everyday problems using Technology.

“We also welcome high level Government contributors particularly our Prime Minister who has been the driving force in our digital transformation and the Minister for Education, who has made significant progress in developing our human capacity,” said Minister Thompson.

“We welcome other senior government officials particularly Permanent Secretary in the Office of the Prime Minister Elise Delancy, who is responsible for Modernization, Digitization and E-Government, whom I am privileged to work with. This initiative has the potential to change the Bahamas Government as we know it.

“This Summit has also attracted important Regulators like Christina Rolle of the Securities Commission, who will lead discussions on Crypto Currency Regulation for the Bahamas, a topic which has attracted an enormous amount of attention nationally and internationally.

“This presentation will be highly anticipated given the success of our first Blockchain and Crypto currency conference and the recent release of the draft framework by the Bahamas Central Bank.”

Minister Thompson announced that the government will be partnering with the YMCA and BTVI teaching Coding to 100 young Grand Bahamians in a new youth ICT program.

They are also in the final stages of an App Development program, which will train and fund participants in App development.

 

By Andrew Coakley

Release: BIS

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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