FOR IMMEDIATE RELEASE
Grand Bahama Island, June 13, 2024 – Afreximbank’s 31st Annual Meetings and AfriCaribbean Trade and Investment Forum 2024 took place yesterday, marking a historic first for the Caribbean region. Minister for Grand Bahama, Hon. Ginger M. Moxey, M.P., delivered the welcome address, resonating with the theme, "We are one people." With great enthusiasm, she underscored the promising horizon of trade opportunities that will emerge as relationships between Africa and the Caribbean continue to strengthen.
In her remarks, Minister Moxey painted a vivid picture of the transformative potential that lies ahead, emphasizing the significance of initiatives like the AfroCaribbean Marketplace and Logistics Center. This project heralds a new era for Grand Bahama Island and the entire archipelago, embracing new currents of international trade and mutual exchanges in culture, education, and investment.
"Ladies and gentlemen, this AAM and AfriCaribbean Trade and Investment Forum is critical for nurturing the relationship we have intentionally progressed over the last few years, including the historic signing between Afreximbank and CARICOM, unlocking an astounding $1.5 billion in funding; the many trade missions between both regions; and tomorrow, the signing of a Project Preparation Facility with Afreximbank and the Government of The Bahamas on the development of an Afro-Caribbean Marketplace and Logistics Center on Grand Bahama Island – my island - a magnificent center for the promotion of tourism, commerce, and trade between both regions," stated Minister Moxey.
"Our beautiful country has emerged as a major transshipment terminal, facilitating the seamless flow of goods and creating linkages across continents. As a region, we have never been more focused on trade and investment opportunities with Africa. Your presence here this week speaks volumes about our alignment on this critical issue. We also recognize the incredible opportunities for the cultural and creative industries and their growing share of the GDP of our African and Caribbean countries. So, imagine the creative mixture of Afro-beats, Junkanoo, Rake n Scrape, Soca, Calypso, Reggae, Dance Hall, and Gospel. I can feel it now! The Afro-Caribbean Marketplace and Logistics Center will not only boost economic growth but also strengthen the bonds of friendship and cultural understanding between both regions."
Today at noon, history will be made as Minister Moxey takes center stage with other officials for the signing of the Project Preparation Facility with Afreximbank and the Government of The Bahamas. This event symbolizes the opening of a new and expansive door of opportunity for mutual exchange and trade between Africa and The Bahamas.
Grand Bahama is poised to become a beacon of economic and cultural exchange, and we are proud to lead this groundbreaking endeavor.
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Photos by Eric Rose, BIS.
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