NASSAU, Bahamas – February 2020 (Tourism Today/MOTA) – Just four months after Hurricane Dorian left a devastating impact on the northern islands in The Bahamas, The Abacos–a 120-mile chain of islands and cays–are already witnessing a wave of progress.

Many hotels, ferry services, airlines, tour operators and attractions resumed business in The Abacos, a destination beloved for its natural beauty, white sand beaches and world-class sailing. While Marsh Harbour, Central and Northern Abaco and several cays throughout the destination are in the midst of rebuilding, several businesses are already welcoming guests with open arms.

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This is an excerpt from Tourism Today as it appeared on February 12, 2020. For updates or to read the current version of this post in its entirety, please click here.

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In his first National Report for 2020, Prime Minister Dr Hubert Minnis announced two major developments for the storm-ravaged islands of Abaco and Grand Bahama, and provided an update on the government’s reconstruction programme post-Hurricane Dorian.

A heads of agreement will be signed February 13 for a $300 million five-star residential resort and marina development in South Abaco.

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Prime Minister Dr Hubert Minnis participated in a groundbreaking ceremony for Leno Corporate Centre February 10, 2020.

To be located on Third Terrace West and Collins Avenue, construction of the financial headquarters will incorporate renewable energy and green technology in keeping with a competitive environment.

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The Bahamas Financial Services Board (BFSB) has announced the dates and venues for its upcoming Bahamas Landfall series in the UK and Switzerland in March.

The Bahamas Landfall Series was introduced by the BFSB as a promotional tool to provide financial services intermediaries and other service providers with updates on legislative and business developments in The Bahamas.

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The Central Bank of The Bahamas governor John Rolle says that plans are being finalised for a new building for the regulator in Nassau.
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Prime Minister Dr Hubert Minnis will deliver his first National Report of the year February 11.

In the Report, the Prime Minister will provide an update on the post-Dorian reconstruction programme in Abaco and Grand Bahama.

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Prime Minister Dr Hubert Minnis is slated to officiate at the groundbreaking ceremony for Leno Corporate Centre in Nassau February 10.

Designed by local architect Wellington Woods, the 5-storey contemporary glass and steel building atop the hill on Collins Avenue is a $25 million investment by the company.

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The Investment Bill is being debated in the senate this week as part of the government’s attempts to strengthen the regulation of the financial services sector.
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The Central Bank of The Bahamas Governor John Rolle says that there has been a positive response to the pilot of the Sand Dollar digital currency on Exuma, with around 1,200 digital wallets being created.
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The Central Bank of The Bahamas Governor John Rolle briefed the media yesterday following a report by the Monetary Policy Committee.

In the Monetary Policy Committee Press Briefing Rolle said that the Bahamian economy grew slower last year due to the impact of Hurricane Dorian.

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