标签: Bahamas

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  • Afreximbank advances credit approval for Abaco hotel project

    Afreximbank advances credit approval for Abaco hotel project

    During the 2026 Afreximbank Roadshow held at Nassau’s Baha Mar Convention Center last Friday, a senior executive from the pan-African export finance institution confirmed that a planned luxury hotel development in The Bahamas has successfully passed the first phase of the bank’s credit assessment process, bringing the transformative tourism project one step closer to full approval.

    Okechukwu Ihejirika, Chief Operating Officer of Afreximbank’s Caribbean regional office, shared new details about the initiative with reporters on the event’s sidelines, confirming that the proposed development is earmarked for a private island in Abaco, rather than the country’s most populous main island of New Providence. While Ihejirika declined to disclose the identities of the project developers or the exact size of the financing request, he noted that the project is designed to boost international tourist arrivals to The Bahamas and unlock the untapped economic potential of the country’s world-renowned tourism sector.

    The proposal has cleared the first of up to three sequential credit approval levels required by the bank, Ihejirika explained. The next phase of the process will involve comprehensive technical and financial due diligence, after which the proposal will advance to second and third-level credit reviews. According to Ihejirika, the final approval stage moves at a rapid pace, and full formal approval and a public announcement could come in the near term, with disbursement of funds following quickly after second-level approval is granted. “We’re advancing pretty well,” he said. “We hope that very soon we will be able to make the announcement that we are going ahead with that project.”

    The hotel project marks one of a growing pipeline of private-sector investment initiatives Afreximbank is pursuing in The Bahamas, as the institution expands its regional footprint and diversifies its portfolio beyond government-backed infrastructure projects. Just last year, the bank approved and signed a $200 million infrastructure financing facility with the Bahamian government, and Ihejirika confirmed that the total value of projects currently in the country’s pipeline nears $500 million, with the new hotel proposal separate from previously announced commitments.

    “As an institution, we don’t only work with government. We also work with the private sector. That means we also have a few private sector led initiatives that we are also engaging on,” he added.

    The 2026 Afreximbank Roadshow was organized to connect the bank directly with Bahamian business leaders, raise awareness of the institution’s growing regional presence, and walk local enterprises through the range of financing products and support services it offers. Though Afreximbank has operated in the Caribbean for roughly two years and held its global annual meetings alongside the Afro-Caribbean Trade and Investment Forum in The Bahamas in 2024, the institution remains relatively new to the region, with a $5 billion total regional financing cap to support trade and development across Caribbean economies.

    Afreximbank’s strategic partnership with The Bahamas was formalized through a 2023 Memorandum of Understanding, and has already delivered tangible benefits for the country’s economic development priorities, Prime Minister Philip “Brave” Davis told roadshow attendees. Beyond infrastructure projects, the partnership has delivered a $30 million lending facility via the Bahamas Development Bank to expand access to capital for local small and medium-sized enterprises, a core priority for the Davis administration.

    “One of the key priorities for The Bahamas moving forward is the creation of even more pathways to opportunity for local entrepreneurs, especially small business owners. Economic growth must translate into broader economic participation, ensuring that more Bahamians have the chance to build businesses, create jobs, and share in the country’s progress,” Davis said. “We have made some progress in this area, but continuing to strengthen access to capital through institutions such as the Afreximbank is an important part of our ongoing efforts. This roadshow also reminds us of the importance of regional and international cooperation at a time when many economies are navigating uncertainty.”

    Several large-scale Afreximbank-backed projects are already underway across The Bahamas’ out islands, known locally as the Family Islands. A $40 million financing facility supports Cat Island Infrastructure Company’s broad connectivity and development project, scheduled for full completion by August 2027. The first phase of that project, targeted for completion this coming January, includes laying 94 miles of new water mains, paving 50 miles of new roadway, and restoring an additional 45 miles of road damaged during water infrastructure construction.

    Other active commitments include a $100 million financing facility to support the expansion of local construction firm Bahamas Striping Group, which is currently carrying out 226 miles of road works across Exuma and Eleuthera, and a $200 million framework agreement focused on developing climate-resilient infrastructure that supports increased regional trade.

  • Lamborghini and $1.4 million mansion: Alleged drug leader’s life of luxury

    Lamborghini and $1.4 million mansion: Alleged drug leader’s life of luxury

    For years, Charles “Silk” Dunn crafted a compelling public narrative: a former convict who spent 24 years behind bars for drug offenses, transformed into a celebrated motivational speaker, life coach, and author who inspired at-risk youth across Georgia. Endorsed by celebrity figures including rapper Master P and Emmy-nominated actor Anthony Anderson, Dunn portrayed his lavish $1.4 million eight-bedroom Atlanta-area home with a private pool as the just reward for a life redeemed, a divine blessing for enduring decades of incarceration. But federal prosecutors say this inspiring transformation is nothing more than an elaborate front, masking the continued operation of a multi-state drug trafficking ring that moved hundreds of kilograms of cocaine through The Bahamas, with ties to a high-ranking Bahamian politician and a former convict whose sentence was commuted by ex-President Barack Obama.

    The 57-year-old Dunn, who was arrested two years ago at his Fayetteville, Georgia home located roughly 30 miles outside Atlanta, is accused of leading the Georgia-based Drug Trafficking Organisation at the center of a sprawling multi-year investigation by the U.S. Drug Enforcement Administration (DEA). The case first gained public attention in mid-May 2024, after the arrest of Bahamian co-conspirator Jonathan “Player” Gardiner, who was rescued by U.S. military personnel from a downed plane off Florida’s coast. When authorities pulled Gardiner, 58, from the wreckage, they found he was carrying a bag holding $30,000 in Bahamian currency marked with the name of an unidentified senior Bahamian politician, referred to only as “Politician-1” in court documents. U.S. authorities have redacted the politician’s full identity to date.

    In a May 15 affidavit from a DEA special agent, Dunn is named as the ringleader, identified previously only as unindicted co-conspirator “CC-1.” The document details allegations that the group discussed a $30 million narcotics shipment inside the Bahamian Parliament Building, a revelation that has sent shockwaves through Caribbean law enforcement and political circles. A further twist in the case came with the identification of a second key co-conspirator, “CC-2,” who is Ernest Mordeau Deas, also known as “Shorty.” Court records confirm Deas previously served a federal prison sentence for cocaine trafficking before his sentence was commuted by former President Barack Obama. After his release, he was placed on supervised release, but prosecutors now allege he immediately returned to drug trafficking. Deas and Gardiner first became connected while both were incarcerated at the same Florida federal prison between 2007 and 2008, serving time for overlapping drug trafficking and money laundering convictions.

    One of the most remarkable details of the investigation is how it was conducted: court documents confirm that the DEA operated undercover confidential sources on Bahamian territory for at least three years, doing so entirely without the knowledge or consent of the Bahamian government, national police, or defense force. This covert operation has sparked ongoing questions about international law enforcement cooperation and sovereign immunity between the two nations.

    Dunn’s carefully constructed public image as a reformed changemaker remains the most striking element of the case. After being sentenced to 30 years in prison in his home state of Ohio in 1992 at just 23 years old for running a drug trafficking ring, Dunn was released after 24 years and immediately set out to rebrand himself. He marketed himself as a “prisoner to changemaker” life coach, appearing on local television programs and giving lectures to youth groups across the Southeast. He even published two works: a motivational memoir titled *I Will Not Be Denied: Mastering The Changes*, and the four-volume *Sandpaper to Silk* series, which earned public endorsements from Master P and Anthony Anderson. Master P promoted the series in a social media video on Dunn’s Instagram, while Anderson called it a forthcoming bestseller in a promotional clip.

    In one widely viewed Instagram video, Dunn gave his followers a tour of his Fayetteville estate, framing his luxury lifestyle as a reward for perseverance. “After all the pain I went through, 25 years of suffering … I wake up living like this because the God I serve is saying he gives you double for your trouble,” he told viewers. “People got to go to resorts to see this. I see this every day. Have an attitude of gratitude. Go through your suffering with grace and you’ll be blessed to wake up like this for the rest of your life too.” A local news article reposted on Dunn’s Instagram even compared his 24-year prison term to that of Nelson Mandela, the South African anti-apartheid icon who spent 27 years in prison before leading his nation.

    Prosecutors, however, argue every part of this narrative is a carefully constructed lie designed to cover up ongoing criminal activity. When law enforcement raided Dunn’s home in 2023, they uncovered a cache of assets and narcotics that far outstripped the income of a full-time motivational speaker. Seized items included three high-end luxury vehicles: a $250,000 Lamborghini, a $125,000 Cadillac Escalade, and a $140,000 2019 Mercedes-Benz AMG GT. Investigators also took possession of more than $90,000 worth of fine jewelry, including two Rolex watches, multiple diamond-encrusted gold bracelets and rings, and a Versace dog tag. Beyond assets, authorities recovered five pounds of marijuana, half a kilogram of cocaine, heroin, THC-infused gummies, fentanyl, methamphetamine, 14 mobile phones, and multiple other electronic devices. A handwritten note dated June 27, 2023, found in Dunn’s primary bedroom simply read: “I have $10 million.” Prosecutors also seized four bank accounts holding a combined $653,000, $120,000 in cash from Dunn’s property, and an additional $270,000 in cash from an associate’s property. A .45 caliber Smith & Wesson pistol was also recovered during the search.

    During a 2023 bail hearing, federal prosecutors pushed back hard against Dunn’s claims of redemption, arguing he had never left the drug trade. “We do believe that the defendant is a sophisticated and prolific drug trafficker operating in Georgia. That is how he funds his lifestyle,” prosecution attorneys told the court. Magistrate Judge Christopher Bly agreed, denying bail and noting that Dunn’s decades-long prior prison sentence had done nothing to deter his criminal activity. “Within a year or so of finishing the supervised release, best I can tell if I’m doing the math right, within a year or so of finishing supervised release you’re charged in Fulton County and then within another two years you’re charged in the current case,” Bly said.

    Along with drug trafficking charges, Dunn also faces allegations that he planned a violent attack against a rival drug gang. The charges against him carry a mandatory minimum sentence of 10 years in federal prison and a maximum possible sentence of life imprisonment. His wife, Leticia Evans Dunn, has also been implicated in the scheme. Both Dunn and Deas have formally denied all charges against them and are awaiting trial. Requests for comment from Dunn’s legal team went unanswered as of press time.

  • Halkitis denies Gardiner hired him

    Halkitis denies Gardiner hired him

    Bahamas’ top finance official is facing growing political pressure to step down after reversing his earlier denial and confirming he once held a directorship at a construction firm tied to a drug trafficking suspect linked to a fatal Election Day plane crash off Florida’s coast.

    Finance Minister Michael Halkitis made the admission during an official press briefing hosted by the Office of the Prime Minister, just one day after he told local newspaper The Tribune he had never been involved with Top Notch Builders. The scandal unfolds against a backdrop of sustained public and political silence surrounding new details of the May 2017 plane crash, as well as intensifying scrutiny over claims laid out in a U.S. Drug Enforcement Administration affidavit that connect sitting Bahamian government officials to individuals facing drug trafficking charges.

    Public records from the Bahamas’ official corporate registry tie Top Notch Builders to Eric Gardiner, the crash victim who has since been arrested and formally charged with drug offenses by U.S. law enforcement. As of Thursday evening, two major political opposition groups — the Free National Movement (FNM) and the Coalition of Independents — have both publicly called for Halkitis’ immediate resignation following his confession.

    Halkitis pushed back against accusations of wrongdoing during the briefing, framing his past involvement with the firm as routine professional work. “As a private citizen I was involved in financial consulting and corporate services consulting,” he explained. “I was approached to provide consulting and directorship services to Top Notch Builders, in particular setting up proper corporate governance procedures and structures.”

    The finance minister clarified that he was not recruited to the role by Gardiner directly, but was instead approached by a third-party legal representative. He told reporters his association with the company began in mid-2019, and operations were suspended by April 2020 as global COVID-19 pandemic restrictions shut down construction projects across the country. “I resigned as director of that company and all the other directorships that I held in 2021,” he added, noting that full corporate records held by the Registrar General’s Department would confirm his account of the firm’s ownership and leadership structure.

    “Anybody who’s interested in the complete story can get the complete set of documents which not only show who the directors are but who the shareholders are, who the owners of the company were at the time, and they would see that it’s not who some people say it was,” Halkitis said.

    Halkitis’ political career stretches back more than a decade: he served as Minister of State for Finance under the previous Christie administration from 2012 to 2017, and was sworn in as Finance Minister and Leader of Government Business in the Senate following the Progressive Liberal Party’s 2021 general election victory.

    Top Notch Builders first gained public attention in 2017, when it secured a lucrative $35 million government contract to build the Eight Mile Rock administrative complex just one day before that year’s general election. Corporate filings further show the firm owns Complete Construction, the developer behind the government’s high-profile Carmichael Village affordable housing project, a flagship initiative launched during the last parliamentary term.

    In a 2017 sworn statement, Gardiner testified that he held no ownership stake in Top Notch Builders despite serving as the firm’s president and director. He claimed the company is 100 percent owned by Paradise Productions Inc, an entity fully controlled by Samson Hield, who has previously been named as the lead contractor for the Eight Mile Rock public-private partnership project in local business reporting. At this time, no wrongdoing has been alleged against any other current or former officer or director of Top Notch Builders or Complete Construction, and no evidence has been presented linking the firms to Gardiner’s alleged drug trafficking activities.

    When The Tribune first questioned Halkitis about his ties to the company on the floor of the House of Assembly Wednesday, he denied any formal involvement. “Never a president of the company, and I think he (Eric Gardiner) was the president of the company or someone else was the president of the company. I was never employed by the company,” he told reporters at the time. When pressed about how Gardiner, a convicted drug trafficker, was able to secure large-scale government contracts, Halkitis declined to comment, saying “I don’t want to comment on that.”

    Opposition leader Michael Pintard, head of the FNM, has accused Halkitis of intentionally misleading the Bahamian public about the depth of his involvement with Top Notch Builders. Pintard argued that Halkitis did not serve as a minor consultant or outsider director, but actually held the role of company president — a position that would have put him at the center of the firm’s daily operations and corporate decision-making.

    Pintard further raised conflict of interest concerns, noting that Complete Construction secured tens of millions of dollars in government housing contracts after Halkitis joined the national Cabinet, and that Halkitis never publicly disclosed his past leadership role with the parent company or recused himself from related discussions. “This immediately places him in a direct conflict of interest position, especially in light of the fact that as a sitting Minister and then Senator, he never made the public aware of his role in that company and the steps he took to recuse himself from any consideration,” Pintard said. Closing his statement, the opposition leader reiterated the demand for Halkitis to step down: “Halkitis must go!”

  • Escaped murder suspect caught after eight months on the run

    Escaped murder suspect caught after eight months on the run

    After nearly eight months evading law enforcement, a murder suspect who dramatically escaped court custody has finally been taken back into police custody, closing one of the most high-profile manhunts in recent memory. The capture of D’Angelo Culmer on Thursday also pulled a second local man into legal trouble, who now faces accusations of helping the fugitive avoid detection, alongside additional drug-related charges uncovered during the arrest operation.

    The takedown was carried out by elite law enforcement units: officers from the Internal Security Division, the national police department’s SWAT team, intercepted a grey Nissan Note at the intersection of Tonique Williams-Darling Highway and Premiers Avenue shortly before noon Thursday. Inside the vehicle, Culmer was located alongside a 44-year-old local man, and a subsequent search of the car and both occupants yielded a significant drug seizure: one pound and eight ounces of suspected marijuana, stored in a black backpack. Police estimate the seized narcotics has a street value of approximately $3,200.

    Both men were immediately taken into custody and formally cautioned in connection with the alleged drug possession offense. Beyond the drug charges, the 44-year-old also faces an additional accusation of harbouring a fugitive for aiding Culmer during his months on the run.

    Culmer’s escape originally unfolded on October 2, 2025, when he fled from the Nassau Street Court Complex on South Street around 3:30 p.m. At the time of his escape, he was facing serious criminal charges: one count of murder and two counts of attempted murder connected to a January 31, 2024, shooting incident. Prosecutors allege that Culmer opened fire on a group of people from a moving vehicle on Ragged Island Street that day, leaving 39-year-old Rudiska Bethel dead and two other victims, Carla Bain and Lorenzo Sands, with non-fatal injuries. Culmer had first been arraigned on these charges at the Magistrate’s Court on February 16, 2024.

    Culmer’s escape triggered immediate public scrutiny of security protocols at the court complex, prompting an internal investigation into how a high-risk murder suspect was able to slip away from custody. Just one month after the escape, in November 2025, Police Commissioner Shanta Knowles confirmed that three serving police officers had been placed under investigation over the security breach. Commissioner Knowles also announced at that time that existing security measures at the court complex had already been upgraded to prevent similar incidents from occurring in the future.

    By January 2026, Commissioner Knowles confirmed that the three officers had been referred to an internal police tribunal to face disciplinary proceedings over Culmer’s escape. As of that update, one officer had already been placed on interdiction, and a second was expected to receive the same disciplinary action as the tribunal process moved forward. The current status of these internal disciplinary proceedings has not been updated publicly as of Culmer’s recapture.

  • BPSU members demand answers over alleged financial mismanagement

    BPSU members demand answers over alleged financial mismanagement

    On Thursday, disgruntled members of the Bahamas Public Services Union (BPSU) based in Grand Bahama staged a public protest outside the union’s Freeport headquarters, delivering a seven-day ultimatum to BPSU President Kimsley Ferguson to address a cascade of allegations ranging from financial mismanagement to deliberate violations of the union’s constitution.

    Dozens of demonstrators assembled outside the BPSU Building just after midday, chanting slogans calling for Ferguson’s ouster as they laid out a series of long-simmering grievances that have split the union’s leadership. Core among the complaints are claims that Ferguson has failed to publish required biannual financial reports stretching all the way back to 2019, left thousands of dollars in mandatory National Insurance Board (NIB) contributions unpaid, and allowed the union’s key properties in both Grand Bahama and New Providence to operate without active insurance coverage.

    Latoya Cartwright-Jones, BPSU’s Northern Region Area Vice President, told reporters that Ferguson has stonewalled repeated requests from elected executive board members for months, refusing to initiate consultations or open lines of communication about the mounting concerns. Rank-and-file members and leadership alike are demanding full access to financial records that detail how union dues and funds have been allocated, clarity on why NIB payments remain outstanding years after they were due, and an explanation for the lapsed insurance coverage on union-owned buildings.

    “We are not making baseless accusations,” Cartwright-Jones explained. “We are simply asking him to produce receipts for every expenditure, to account for why NIB payments have not been made, and to explain why our properties still do not have insurance coverage. When we raise concerns about misappropriation, we are referring directly to the failure to direct union funds to the mandatory and necessary purposes they were allocated for.”

    According to Cartwright-Jones, the seven-day deadline is set under BPSU’s own governing constitution. If Ferguson fails to provide satisfactory responses within the timeframe, she said, the union will move forward with formal disciplinary measures that could include suspension via a general membership vote, removal from office, and mandatory accountability processes for the alleged violations. She also issued a formal call for the Bahamas Ministry of Labour to intervene in the dispute, noting that independent audits of union finances have been pending since 2019.

    Anton Michael King, a shop steward representing the Gaming Board, amplified the allegations, claiming that tens of thousands of dollars in employee contributions earmarked for NIB are unaccounted for. He also questioned why the union’s democratically elected treasurer has been blocked from accessing BPSU’s financial records and official bank accounts for multiple years, a direct violation of the union’s standard governance protocols.

    King added another serious allegation: that Ferguson failed to renew insurance coverage on union properties even after receiving and depositing an insurance payout for damage to BPSU buildings caused by Hurricane Dorian. “You took the entire insurance check to Nassau,” King said, directly referencing the president’s actions.

    Additional shop stewards representing three major government departments echoed these concerns. Taronya Wildgoose of Social Services, Eric Bastian of the Department of Agriculture and Marine Resources, and Athony Francis of the Post Office all outlined their own grievances, including that gas pumps purchased with union funds remain non-operational years after acquisition, that vehicles approved for purchase by the general membership years ago have never been acquired, and that multiple board appointments have been made without the required approval of the BPSU executive board.

    “Our members have a fundamental right to answers, to full transparency, and to demand that the union’s constitution is respected at all times,” Bastian said.

    The demonstration drew support from leaders of other major Bahamian trade unions, including Bahamas Nurses Union Vice President William Bartlett and Charlice Ellis of the Bahamas Communications and Public Officers Union, both of whom were in attendance to stand with protesting BPSU members.

    As of press time, multiple attempts by The Tribune to reach Ferguson for comment on the allegations, including phone calls and written messages, have gone unanswered.

  • Daylight ambush leaves man dead and woman injured

    Daylight ambush leaves man dead and woman injured

    A brazen broad-daylight shooting in the residential neighborhood of Elizabeth Estates has claimed the life of a man in his early 20s and left a 30-something woman injured, marking the 27th murder recorded in the nation this year. As law enforcement worked to process the chaotic crime scene on Thursday, grief-stricken family members clashed with police barriers, their anguished reactions laying bare the human cost of the rising violence.

    The most heart-wrenching scene unfolded near the yellow police tape, where the victim’s sobbing sister repeatedly tried to push past officers to reach her dead brother. Multiple times, police had to gently hold her back, before Chief Superintendent Sheria King, the department’s public information liaison, stepped in to offer personal comfort to the inconsolable woman.

    According to initial police accounts, emergency dispatch received multiple reports of gunfire shortly before 3 p.m., with calls pinpointing the attack near the intersection of Antigua Street and Barbados Avenue. Preliminary probe findings show the young male victim had just pulled up near his home when a pale-colored Japanese-made vehicle entered the block. Multiple occupants exited the vehicle, drew concealed handguns, and immediately opened fire on the victim, police confirmed.

    Despite sustaining multiple gunshot wounds, the victim attempted to escape the ambush by driving away, only to lose control of his vehicle and crash into a nearby residential property a short distance from the original shooting site. He was pronounced dead at the crash site by responding first responders. A female passenger in his vehicle, believed to be in her early 30s, suffered non-fatal gunshot wounds to her upper body and was rushed to a local hospital for urgent medical care. As of Thursday evening, her condition has not been updated by authorities.

    Investigators have not yet confirmed how many attackers took part in the coordinated ambush. King told reporters that the investigation team is currently canvassing the entire neighborhood to locate private and public CCTV cameras that could capture footage of the vehicle and attackers, but no concrete details on the number of suspects have been confirmed.

    When pressed by reporters on whether the victim had a prior criminal record, King confirmed that he was wearing an electronic monitoring ankle bracelet tied to a previous serious criminal offense, but declined to share further details on the nature of the offense. She also could not confirm whether the victim had recently been released from correctional custody ahead of the attack.

    As the active investigation continues, the Royal Bahamas Police Force has issued a public appeal for any witnesses or residents with information about the shooting, the vehicle used in the attack, or the suspects to contact confidential tip lines or local detective units to assist with the case.

  • Veteran journalist Opal Roach replaces Clint Watson at ZNS

    Veteran journalist Opal Roach replaces Clint Watson at ZNS

    Long-serving Bahamian broadcast journalist Opal Roach has stepped into the role of acting general manager at the Broadcasting Corporation of The Bahamas (BCB), the operator of state-owned ZNS Broadcasting, following the departure of former chief Clint Watson who moved into frontline politics. The official announcement of Roach’s appointment was made public on Wednesday, marking a promotion for an executive who has spent decades in senior leadership and news roles within the public broadcaster.

    Roach’s career at BCB has covered multiple high-level positions, including a prior stint as assistant general manager for the news division, and most recently, deputy general manager of the entire corporation. Her ascent to the top role comes after Watson, who led the taxpayer-funded media outlet for almost three years, was sworn in as a government senator earlier this month, triggering his exit from the broadcaster.

    Watson first joined ZNS as general manager in 2023, leaving his position as press secretary in the Office of the Prime Minister to take the media role. Almost immediately after he began exploring a political candidacy, controversy erupted over his dual holding of political ambition and leadership of the state broadcaster. Last August, Free National Movement (FNM) Chairman Dr. Duane Sands publicly called for Watson to resign from his ZNS post, arguing that it was impossible for the head of the national public broadcaster to seek a governing party nomination without eroding public trust in ZNS’s editorial and operational impartiality.

    In response to the criticism, Watson stated that he would step down from his role at ZNS if he was selected as the Progressive Liberal Party (PLP) candidate for a constituency. Ultimately, however, the PLP chose Obie Roberts as its candidate for the Southern Shores seat, leaving Watson unsuccessful in his nomination bid. But the debate over his right to remain as ZNS general manager did not fade after the nomination process.

    Tensions boiled over in April, when two sitting BCB board members resigned in protest over what they called overt political interference in the corporation’s governance. The board had previously issued a directive barring Watson from returning to work at ZNS until after the general election scheduled for May 12, a decision that was later overturned by external political pressure. The board’s original decision extended Watson’s administrative leave until May 18, or a further date determined by the board’s leadership, following his failed nomination attempt. In a formal letter from BCB Executive Chairman Picewell Forbes, the board explained the leave was ordered to protect transparency and uphold public confidence in the corporation’s operations and impartial leadership.

    However, internal correspondence obtained by The Tribune shows that Prime Minister Philip “Brave” Davis directly instructed that Watson be allowed to return to his general manager role immediately, overriding the independent board’s formal decision. That interference prompted the two resignations and set in motion the final process that led to Watson’s swearing in as a senator and departure from ZNS, clearing the way for Roach’s appointment to the top post.

  • Supermarket mogul dead at 88

    Supermarket mogul dead at 88

    A towering figure in Bahamian business and economic development, grocery industry pioneer Rupert Roberts Jr, OBE, has died at the age of 88, just one day before what would have been his 89th birthday. He passed away peacefully on Tuesday night at the Mayo Clinic in Rochester, Minnesota, surrounded by his immediate family — wife Margaret, daughter Candy and granddaughter Paige — according to an official statement released by the Super Value group he founded. Roberts is survived by his wife, three children, multiple grandchildren and great-grandchildren, a wide network of extended family, and thousands of employees across his business enterprises.

    Roberts’ career in retail began long before he launched his own brand. He cut his teeth at City Markets, working his way up from an entry-level supervisor role to store manager at a time when the entire Bahamian grocery sector was overwhelmingly dominated by foreign-owned companies. Breaking into an industry with little space for local entrepreneurs, he founded Super Value in 1965, turning a single standalone store into the nation’s largest Bahamian-owned supermarket chain over nearly six decades of steady growth. Today, the brand operates 13 locations across New Providence, balancing offerings of international consumer brands with dedicated shelf space for Bahamian farmers and local suppliers — a priority Roberts championed throughout his career. The company expanded its footprint in 2012 with the launch of Quality Markets, a subsidiary brand that extended its reach further across the local retail landscape.

    Beyond the grocery sector, Roberts built a diverse business portfolio spanning real estate and multiple commercial ventures, including stakes in South Bimini International Ltd, Bahamas Paper Converting, Discount Mart Limited and Global Bahamas Limited. Alongside his commercial success, he maintained a longstanding commitment to charitable giving and community development across the archipelago, embedding social impact into his professional legacy.

    Roberts also left an indelible mark on Bahamian banking. Following the 1984 Bahamianisation of Commonwealth Industrial Bank Limited — later renamed Commonwealth Bank — he was appointed as the institution’s first domestic chairman. During his tenure, the bank’s total assets surged by more than 700% to surpass $125 million, while net income grew from $1.3 million in 1984 to $4 million by 1992. Though he stepped down from the chairman role in 1988, he retained his seat on the bank’s board of directors for 36 years, continuing to shape its strategic direction for decades.

    In the later stages of his public life, Roberts emerged as one of the most prominent and outspoken voices in national conversations around food pricing, inflation, import costs, taxation and strained supply chains. As ordinary Bahamian households struggled with soaring grocery bills, his insights and advocacy consistently placed him at the center of national economic debate.

    One of his final interviews with local outlet The Tribune came after he spent nine weeks receiving treatment in the United States, having been airlifted abroad for medical care. In that conversation, he shared a heartfelt message of gratitude for the outpouring of support and prayers from across the country, and urged Bahamians to prioritize their health, warning: “You could develop an illness that The Bahamas is not equipped to solve. A medical condition can develop into something more expensive than you can afford.” Even amid his ongoing health challenges, Roberts made clear he had no plans to step away from work, saying: “No, no…not at all! They advised me to keep going and never stop!”

    Following news of his passing, tributes poured in from across Bahamian politics, business and civil society on Wednesday. Prime Minister Philip “Brave” Davis, who recalled working under Roberts at City Markets in the 1960s before Roberts rose to become one of the nation’s top business leaders, honored Roberts as a foundational figure in The Bahamas’ economic growth, highlighting his decades of philanthropy and community support.

    Opposition Leader Michael Pintard praised Roberts as a fierce advocate for Bahamian agriculture and local production, pointing to his consistent work to expand shelf space for domestic goods in retail outlets across the country. Pintard also noted that Roberts maintained an independent stance on business and economic policy, collaborating constructively with both major political parties while prioritizing national interest over partisan alignment. “I respected the fact that he did not allow politics to cloud his judgment in terms of what was in the best interest of the country, and so today I join thousands of Bahamians who mourn his passing and who thank God for the kind of life that he lived that contributed to so many persons’ upliftment, and so may he rest in peace,” Pintard said.

    Don Williams, chairman of the Bahamas Chamber of Commerce and Employers Confederation, described Roberts as a leading voice for the private sector whose input shaped national discussions on pricing, retail operations and sustainable business growth. Former Retail Grocers Association president Philip Beneby remembered him as a true trailblazer for the domestic grocery industry, who partnered with stakeholders across the sector to drive growth for decades. Civil society group the Organisation for Responsible Governance also confirmed that Roberts had served on its board since the organization’s founding, playing a key role in advancing its governance and sustainability mandates.

  • Healthcare the focus of 2026 govt budget

    Healthcare the focus of 2026 govt budget

    Fresh off its re-election victory in the May 12 general election, the Davis administration of The Bahamas has laid out its ambitious fiscal roadmap in the 2026-2027 budget, unveiling a plan to boost recurrent revenues by $470 million even as it cuts its projected surplus by 24 percent and navigates ongoing global economic volatility. Newly sworn-in Finance Minister Michael Halkitis delivered his maiden budget address to the House of Assembly on Wednesday, outlining that the projected 2026-2027 fiscal surplus has been revised downward from the previously forecast $291.4 million to $223.1 million, a $68.3 million reduction that Halkitis framed as a deliberate policy choice.

    Halkitis explained the downward adjustment stems from two key driving forces: first, the administration’s commitment to prioritizing Bahamian citizens’ livelihoods by directing additional funding to upgrade the country’s healthcare system, and second, persistent volatility sparked by the unresolved Middle East conflict, which has disrupted global energy and fuel markets and reignited inflationary pressures that raise import costs for small open economies like The Bahamas. Despite the narrower surplus, Halkitis emphasized that the country’s overall fiscal position remains positive, noting that the projected $223.1 million surplus still means government revenue will outpace total spending.

    The administration is holding firm to its existing $75.5 million surplus target for the 2025-2026 fiscal year, which concludes at the end of June, even amid widespread volatility in global economic and trade conditions that threaten to dampen tourism demand — the backbone of The Bahamas’ economy — and push up consumer prices. Halkitis did not provide an updated closing surplus figure for the current fiscal year, but expressed confidence the target will be met, citing disciplined government spending restraint and growing optimism that the full $130 million in projected Domestic Minimum Top-Up Tax (DMTT) revenues will be collected before the fiscal year closes.

    The government’s bold $470 million, 12 percent revenue growth target for 2026-2027 — which would lift total recurrent revenues to $4.357 billion from the current 2025-2026 projection of $3.887 billion — comes against a mixed backdrop. Data shows that for the first nine months of 2025-2026 through the end of March, revenue collection has lagged the prior year’s pace, with only 65.3 percent of the full-year target collected, compared to 69.4 percent at the same stage in 2024-2025. Additionally, the budget forecasts that real GDP growth will slow sharply from 6.5 percent in the current fiscal year to 1.8 percent in 2026-2027, a rate that is projected to remain steady the following year. This growth projection also differs from the 3.8 percent 2025 growth estimate released last week by the Bahamas National Statistical Institute, which was stronger than the budget forecast. The disconnect between slowing projected growth and the large revenue increase has drawn attention, given The Bahamas’ consumption-focused tax system that ties revenue growth closely to economic expansion.

    A large portion of the projected revenue gain is expected to come from a dramatic expansion of DMTT collections. The 15 percent minimum corporate tax, introduced to bring The Bahamas into compliance with the G-20/OECD global minimum corporate tax initiative designed to curb profit shifting by multinationals to low-tax jurisdictions, is projected to see revenues nearly triple from $130 million in 2025-2026 to $350 million in 2026-2027, a 169 percent year-over-year increase. This $220 million year-over-year jump will account for nearly 47 percent of the total $470 million revenue increase the government is targeting.

    The Bahamas’ top independent fiscal watchdog, the Fiscal Responsibility Council, previously raised doubts that the full $130 million in 2025-2026 DMTT revenues would be collected on time, as the necessary collection frameworks, regulatory guidance and implementing mechanisms had not been finalized by the time of its mid-year assessment. But Halkitis pushed back on those concerns Wednesday, confirming he expects the first full round of DMTT revenues to be received in June, just before the current fiscal year closes. He also revealed that the expected taxpayer base for the new levy is larger than initial projections: when the 2025-2026 budget was drafted, officials expected fewer than five entities to be subject to the tax, but updated data shows the number of liable taxpayers will exceed that initial estimate, creating an upside surprise for the current year-end fiscal position.

    Major entities already expected to fall into the DMTT net include the country’s two largest resort complexes, Atlantis (owned by Canada’s Brookfield Asset Management) and Baha Mar (owned by Hong Kong’s Chow Tai Fook Enterprises), as well as regional resort chain Sandals. All three major Canadian banks operating in The Bahamas — Royal Bank of Canada, Scotiabank and CIBC — have already set aside funds to cover their DMTT liabilities. Other notable entities that will likely be subject to the tax include Commonwealth Brewery, the leading Bahamian beer maker majority-owned by Heineken, Bahamas Telecommunications Company (BTC) controlled by Liberty Latin America, and Hutchison Whampoa’s Freeport port and container terminal assets. Shell’s Bahamian subsidiary already reported a $248 million accrued corporate tax liability on its 2024 books, per prior reporting by Tribune Business. Commonwealth Brewery even requested an extension to publish its 2025 year-end financial statements to accurately calculate its full DMTT tax obligations.

    Beyond DMTT, the government has identified three additional key revenue streams to hit its $470 million target. First, it has added a $99.228 million charge to the Grand Bahama Port Authority to cover the cost of public services provided in the Freeport port area that exceed tax revenues generated by the city. Second, it projects $24 million in new annual revenue from a revised real property tax category for foreign-owned primary residences: the new 0.625 percent rate will be applied to properties qualifying as the owner’s primary residence (down from the previous 180-day annual occupancy requirement), while the maximum annual tax liability (or cap) for these properties will rise 33 percent from $150,000 to $200,000. Third, the government forecasts VAT revenues will rise $110 million year-over-year to $1.635 billion in 2026-2027, with more than 60 percent of that increase coming from VAT on property sales over $1 million, which is projected to rise from $170.472 million in 2025-2026 to $237.366 million. Current year VAT collection is already on pace to exceed its $1.525 billion 2025-2026 target.

    Outlining the full 2026-2027 fiscal breakdown, Halkitis confirmed total revenues are projected to hit $4.4 billion, equal to 23.6 percent of GDP, while total expenditure will reach $4.1 billion (22.4 percent of GDP). Recurrent expenditure accounts for $3.7 billion (20.1 percent of GDP), with capital expenditure totaling $415.8 million (2.2 percent of GDP). The $223.1 million surplus equals 1.2 percent of GDP, with a primary surplus of 5.2 percent of GDP, and the debt-to-GDP ratio is projected to fall to 59.9 percent by the end of the 2026-2027 fiscal year.

    “While this surplus is lower than previously projected in the Fiscal Strategy Report 2025, the revision reflects a changing global and domestic environment. Ongoing tensions in the Middle East have increased uncertainty, particularly around energy and import costs,” Halkitis said. “At the same time, we have made the deliberate decision to strengthen our healthcare system, including increased support for the Public Hospitals Authority and further investment in hospital services. These are necessary and responsible choices. Although they have narrowed the surplus, the fiscal position remains positive, underscoring this Government’s continued commitment to sound financial management while prioritising the needs of the Bahamian people.”

  • Over $24k raised for Bimini boy shot in head by brother

    Over $24k raised for Bimini boy shot in head by brother

    A horrific accidental shooting in the Bahamas’ Bimini has left an 8-year-old boy fighting for his life, and a community-driven crowdfunding effort has already generated more than $24,000 in emergency support to help his family cover mounting costs.

    Eight-year-old Duran Saunders suffered two life-threatening gunshot wounds to the head on May 23, after his 12-year-old brother found a loaded firearm while the pair played together at a commercial property on King’s Highway in North Bimini. The weapon discharged accidentally, striking Duran above his left eyebrow and at the back left of his head. Emergency responders rushed the injured child to Bimini Community Clinic just after 9 p.m. that same day, where clinical staff immediately contacted local law enforcement. Attending doctors classified Duran’s injuries as severe, prompting an urgent request for airlifted advanced care.

    Stepping in to coordinate critical emergency transport was American couple Raul and Yarelys Rodriguez, second homeowners with deep personal ties to the North Bimini community. The pair arranged and funded the emergency air ambulance that transferred Duran to a Fort Lauderdale, Florida, hospital, where he underwent immediate life-saving brain surgery. As of the most recent update, the young patient is listed in stable condition, though he remains in critical care.

    In the wake of the accident, the Rodriguezes launched a GoFundMe campaign to support the Saunders family, who now face staggering medical bills and unexpected legal fees related to the incident. The fundraiser set a total goal of $100,000, and in the week following the shooting, 77 individual donors have contributed a cumulative $24,766 – nearly a quarter of the targeted amount – marking a massive outpouring of public support for the struggling family.

    On the campaign’s page, the Rodriguezes described the accident as “every family’s worst nightmare,” emphasizing that the 12-year-old responsible for the shooting is not a dangerous criminal, but a child himself traumatized by a tragedy that has permanently altered both boys’ lives. He remains in custody in Bimini following the incident, leaving his family grappling with simultaneous emotional distress over two of their children.

    “Their family is now facing unimaginable emotional pain along with overwhelming medical and legal expenses,” Yarelys Rodriguez explained, noting that she and her husband felt compelled to act out of their longstanding care for the Bimini community. The couple has issued a public appeal for continued support, asking for both prayers for the boys and their family and additional donations to help the Saunders family weather their crisis.

    “Every donation, no matter the size, can make a difference when people come together to help a family in crisis,” the Rodriguezes said.