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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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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

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

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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