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February 09, 2024
$10 million to be invested in 'incubation centers' in the coming year
NASSAU, BAHAMAS — Approximately $10 million will be invested in incubation centers across New Providence, Exuma, and Grand Bahama in the coming year. The almost completed Tourism Development Corporation Incubation Center on Bay Street is poised to house seven small and micro business startups. Deputy Prime Minister and Minister of Tourism, Investments, and Aviation Chester [...]
King's College School, The Bahamas breaks ground on $13 million beach front boarding housing
February 09, 2024
King's College School, The Bahamas breaks ground on $13 million beach front boarding housing
NASSAU, BAHAMAS- King's College School, The Bahamas, is set to break ground on a multi-million dollar, one-of-a-kind beachfront boarding house. A part of the Inspired Education Group, the leading global group of premium schools, King's College School's purpose-built boarding house is opening in September 2025 and promises to offer students an unparalleled learning environment. Kin...
WHOLLY UNACCEPTABLE: Opposition rejects delay in releasing details of $500 million loan
February 08, 2024
WHOLLY UNACCEPTABLE: Opposition rejects delay in releasing details of $500 million loan
NASSAU, BAHAMAS — The Opposition continues to demand transparency and full disclosure regarding a recent $500 million Inter-American Development Bank (IDB)-backed loan, with its Shadow Finance Minister calling it "wholly unacceptable" to delay the release of those details. In mid-January, the government announced what it described as a "landmark transaction" and the country's largest credit-enha...
February 07, 2024
Government to provide full disclosure on $500 million IDB backed loan says Halkitis
NASSAU, BAHAMAS — Economic Affairs Minister Michael Halkitis said that the government will fully disclose all details regarding the $500 million commercial loan secured via an Inter-American Development Bank guarantee last month, as mandated by law, noting that these details will be included in the upcoming quarterly debt statistical report. The Opposition has continued to [...]
January 23, 2024
BSGC secures access to $200 million to-date for infrasturcture projects
NASSAU, BAHAMAS — The Bahamas Striping Group of Companies has to date secured $200 million from local, regional, and international capital markets, as well as private lenders, to spearhead crucial infrastructure projects, ushering in new business opportunities and employment. BSGC has been awarded the Best Business of The Year award for 2023 by the Jones [...]
Opposition wants answers over $500 million loan
January 16, 2024
Opposition wants answers over $500 million loan
NASSAU, BAHAMAS — The Opposition is also voicing concern over the government's recent announcement regarding a $500 million commercial loan secured via an Inter-American Development Bank (IDB) guarantee. Kwasi Thompson, the Opposition's Shadow Finance Minister, said that the Ministry of Finance's statement on the matter "fails any reasonable measure of transparency and clarity." "The Governmen...
January 15, 2024
The Bahamas secures $500 million 10-year commercial loan via IDB guarantee
Well-known banker calls for more transparency on interest rates and guarantee conditions. NASSAU, BAHAMAS — The Bahamas has closed on a $500 million 10-year commercial loan leveraging a policy-based Inter-American Development Bank (IDB) guarantee the government has announced, with a well-known banker noting that its announcement lacked several vital details such as the interest rate [...]
US government donates over $2 million dollars worth of crime-fighting tools to the Royal Bahamas Police Force
January 12, 2024
US government donates over $2 million dollars worth of crime-fighting tools to the Royal Bahamas Police Force
NASSAU, BAHAMAS- The United States government donating over $2 million dollars worth of assets to the Royal Bahamas Police Force (RBPF) Friday morning. The donation includes four 27 foot safe boats, 45 ballistic vests and six jaws of life. The boats, according to Minister of National Security Wayne Munroe, will be used to police and [...]
US government donates over $3.5 million dollars worth of crime-fighting tools to the Royal Bahamas Police Force
January 12, 2024
US government donates over $3.5 million dollars worth of crime-fighting tools to the Royal Bahamas Police Force
NASSAU, BAHAMAS- The United States government donating over $3.5 million dollars worth of crime-fighting tools to the Royal Bahamas Police Force (RBPF) Friday morning. The donation includes four 27-foot safe boats, 45 ballistic vests, and six jaws of life. The boats, according to Minister of National Security Wayne Munroe, will be used to police and [...]
January 10, 2024
Marathon Bahamas to generate $1.5 million economic injection
NASSAU, BAHAMAS — Marathon Bahamas organizers anticipate that this year's event will have a significant economic impact, estimating it to be around $1.5 million. The marathon is set to draw participants from 26 countries worldwide as it makes its comeback 'back to the road' after a hiatus prompted by the COVID-19 pandemic. Alexia Coakley, Vice-President [...]
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