Categorized | National News

Senator Promotes Foreign investment for Grand Bahama

Minister of State for Grand Bahama  Senator  Kwasi Thompson met in London, England last week  with tech companies at the Commonwealth Heads of Government Meeting (CHOGM).

His intention  was  to encourage foreign investments in Grand Bahama as the government focuses on making Grand Bahama a technology hub. 

Senator Thompson said, “we shared our vision with them, what we wanted and we also invited them to The Bahamas;  but there was a general theme that which was  that technology really is the future. 

“It is the way that leads to invests, it leads to jobs but there has to be a strategic plan put in order to do it,” he said.

Another topic at CHOGM was Fintech,  which according to Senator Thompson, the Bahamas wants to be a leader in that industry. 

He  said, “the world is moving in that direction; the world is inviting  companies to come who are indeed focused on Fintech.

“The interesting thing  is that there are Bahamians and Bahamian companies who are also moving in that direction and so we’re happy that the government is looking at accepting these Fintech companies who are looking at mobile financing and looking at moving the mobile economy forward.” 

Senator Thompson said that we need to focus on ensuring that we have the right political will and fortitude to see this technology vision through, which he believes this government has.

Written by Jones Bahamas

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