Davis says government will make changes to public procurement law after break – Magnetic Media

By: Andrew Coakley

Bahamas Information Services

#Freeport, GB, Bahamas, August 21, 2022 – Minister of Economic Affairs and Leader of Government Affairs in the Senate, Senator the Hon. Michael Halkitis says Grand Bahama has an important role to play in the government’s national development plan.

Noting that the government is committed to realizing the vast potential for economic growth and diversification that has always existed in Grand Bahama, he said, “We have yet to tap into Grand Bahama’s potential as a hub for fintech. Local agricultural and manufacturing industries still offer enormous potential for development and expansion. And we are only in the early days of rebuilding the tourism industry.

Minister Halkitis was the keynote speaker at the opening of the new Bahamas Assurance Financial (BAF) offices, as well as the new Cash n’ Go office, on August 12, 2022 at the Regent Center. The opening of the two new businesses is expected to create more employment opportunities for Great Bahamians.

Minister Halkitis said it was still expected that Grand Bahama would join New Providence as central pillars of the Bahamas economy. Many people still fondly remember when Grand Bahama’s quality of life was unparalleled, Minister Halkitis said – “it’s time to rebuild, restore and return to those times.”

He continued, going back to that time, “not only do we need government resources and foreign direct investment, we also need Bahamian-owned businesses to lead the way. BAF Financial & Insurance and Cash n’ Go are two such Bahamian brands leading the way.

“In an ideal environment, that’s exactly how it works: government provides the infrastructure and paves the way for opportunity, while the minds of the private sector provide market-driven solutions. BAF and Cash n’ Go represent Bahamian-led business at its best.

Minister Halkitis noted that as the government seeks to improve the ease of doing business and facilitate economic growth; innovative companies like BAF and Cash n’ Go will be the main engines of growth for the local economy. He stressed that every business that reopens or expands on Grand Bahama is another small step in the right direction.

Minister of Grand Bahama, the Hon. Ginger Moxey also congratulated BAF Financial and Cash n’ Go on the reopening of their new locations in Freeport. She noted that the story of BAF in 2007 is one that characterizes the empowerment of the Bahamas, when two young Bahamians, from humble beginnings, pioneered the takeover of one of the largest and oldest Bahamas insurance. These two business visionaries were I. Chester Cooper and John Wilson.

“This kind of story continues to be an inspiration to many young entrepreneurs in the Bahamas,” said Minister Moxey. “I would like to take this opportunity to express my sincere gratitude to the management of BAF and Cash n’ Go for remaining a part of the Grand Bahama community. The relocation and opening of these new offices at the Regent Center is an indication of your confidence level in this island.

“These two companies provide essential jobs and services to the people of Grand Bahama at a time when our island is still rebounding and rebuilding from the devastation caused by Hurricane Dorian.

“As the Member of Parliament for Pineridge, where these offices are located, and as the Minister for Grand Bahama, I would like to congratulate the management team of BAF and Cash n’ Go on the opening of your new location. Thank you for your investment in Grand Bahama and your contribution to the growth and development of Grand Bahama’s economy.

Photo caption: Minister of Grand Bahama, the Hon. Ginger Moxey cut the cake to commemorate the opening of the new offices of BAF Financial and Cash n’ Go, during a celebratory ceremony on Friday August 12, 2022 at the Regent Centre. The Minister of Economic Affairs, Senator the Hon. Michael Halkitis (left) and Mr. Felix Stubbs, Chairman of BAF Financial (right).