NASSAU, The Bahamas – Making an address on the first day of Afreximbank’s Annual Meetings (AAM) and AfriCaribbean Trade and Investment Forum 2024 on Wednesday, June 12, Minister for Grand Bahama, the Hon. Ginger Moxey pointed out the significance of the meetings in The Bahamas, and the impact on Grand Bahama.
It is the first time AAM is held in the Caribbean region. The 31st AAM sessions run June 12 – 14, 2024 at Baha Mar Resort, Cable Beach. The theme for the event is: “Owning Our Destiny: Economic Prosperity on the Platform of Global Africa.”
She said, “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.
“As we contemplate the historical ties that bind us, may we recognize the significant role of trade and the immense opportunities that lie before us.
“Trade has always been the lifeblood of economies, and as we join hands to explore new avenues, great things will happen.”
Minister Moxey continued, “The Bahamas, with its strategic location and well-established infrastructure, stands as a gateway…and it is at the crossroads of two-way trade.
“Our beautiful country has emerged as a major transshipment terminal, facilitating the seamless flow of goods and creating linkages across continents.”
The Caribbean region is focused on trade and investment opportunities with Africa, and the meeting in Nassau demonstrates the importance of the matter, she said.
In closing, she said, “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.”
