Friday, February 21, 2025
By KEILE CAMPBELL
Tribune Staff Reporter
kcampbell@tribunemedia.net
PRIME Minister Philip Davis signed a $200 million framework agreement with the African Export-Import Bank (Afreximbank) last week on the sidelines of a CARICOM meeting in Barbados.
The agreement, while signally nothing concrete, would focus on developing climate-resilient and trade-enhancing infrastructure in The Bahamas, which is expected to include projects in road construction, energy development, and other economic infrastructure.
The signing was indicated earlier last year at the 31st Afreximbank’s Annual Meeting and 3rd Africa Caribbean Trade and Investment Forum held in New Providence, which aimed at strengthening trade and investment ties between Africa and the Caribbean.
“Our relationship is growing from strength to strength,” Mr Davis said. “In the event we have a need for further infrastructure work, the facility is available.”
Under the agreement, a Joint Working Group is expected to be established to represent both parties and will oversee the identification, planning, and implementation of strategic infrastructure projects.
Mr Davis thanked Professor Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, “for his continued support, not just to the Caribbean community, but The Bahamas in particular”.
He said the $200 million agreement signed with The Bahamas is a step toward strengthening economic ties between Africa and the Caribbean.
Comments
Sickened says...
Vell muddoes. So instead of going directly to China we now go through their middle men? Africa is dependent on China for infrastructure and now we are depending on African bank?
I wonder if that red binder being handed over contains stuff other than paper?
Looking into the future I see led lightbulbs on the earlobes of many individuals. Hold on is that a lightbulb or a dazzling reflection?
Posted 21 February 2025, 2:34 p.m. Suggest removal
TalRussell says...
@ComradeSic, only out Nassau can be found such a thing as **"Govt'sMiddleMans'."**--- Rare for such types of mans' whereabouts are known on our chain of Out Islands, Cays, Towns and Settlements'. -- Where strategy for makin' money as **"GovtMiddleMans'"** is not so promising. -- Where even the policemans' and govts people finding themselves stationed there, quickly adapts to it being a **"bad bribe scheme"** strategy. --- It certainly is not sometin' does happen - out in wide open. -- Yes?
Posted 21 February 2025, 3:34 p.m. Suggest removal
ExposedU2C says...
The African Export-Import Bank (Afreximbank) is controlled lock, stock, and barrel, by the ChiComs. Our nation is in such dire financial straights that we must now look to the ChiComs for financing in exchange for ???????. Yup, that's the really big question, but we know full well that whatever the quid pro quo was, it was entirely in the interest of the ChiComs to the detriment of the Bahamian people.
Since 1992, our incompetent, corrupt, and greedy, politicians have gone about replacing our white masters of yesterday with new yellow ones, with the latter being infinitely more corrupt, conniving, evil, and racist. Our freedom was fleeting, and the days ahead will be truly sad times as is the case for many nations whose corrupt politicians sold out their citizenry to the ChiComs.
Posted 21 February 2025, 5:50 p.m. Suggest removal
Bonefishpete says...
China Man do like Lobsters and with catch up 10-15% you got that going for you.
Posted 21 February 2025, 10:05 p.m. Suggest removal
TalRussell says...
If Comrade Fred Mitchell is accurate as to the statistics showing why his government had real justification enough to have rehired 500 retirees. -- Why not be incentivizing by trying everything from offering cash payments to patriotic calls to duty to impregnate as many are capable and willing to birthing plenty of newborns. -- **Why go as far as to impose** a nationality restriction. -- Yes?
Posted 21 February 2025, 10:45 p.m. Suggest removal
truetruebahamian says...
Another particularly bad idea, what will we owe and/or lose from this fiasco?
Posted 22 February 2025, 10:10 a.m. Suggest removal
Porcupine says...
Why does The Bahamas always have its hand out?
Because we are ruled by a group of immoral and criminally oriented leaders.
Posted 22 February 2025, 10:11 a.m. Suggest removal
sheeprunner12 says...
Brave getting his election campaign funds together.
This money won't benefit the ordinary Bahamian, regardless of what this liar is saying
Posted 23 February 2025, 9:57 a.m. Suggest removal
whatsup says...
EXACTLY
Posted 23 February 2025, 10:21 a.m. Suggest removal
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