Bahamas seeks deeper Africa-Caribbean trade ties at Afreximbank roadshow

Africa, Business, International, Markets & Finance

NASSAU, Bahamas (NPA) — The Prime Minister of The Bahamas, Philip Davis, has highlighted the growing partnership between Africa and the Caribbean, describing it as a strategic alliance built on trade, investment, entrepreneurship and sustainable economic development.

Davis made the remarks at the Afreximbank Bahamas Roadshow 2026, where he underscored the importance of strengthening economic ties between The Bahamas and African nations.

According to the Prime Minister, the relationship has continued to gain momentum since the signing of a Memorandum of Understanding between The Bahamas and the African Export-Import Bank (Afreximbank) in 2023.

He acknowledged the bank’s support for several development initiatives in the country, including infrastructure financing and a US$30 million facility provided through the Bahamas Development Bank to expand access to capital for small and medium-sized enterprises.

Davis said the partnership is creating new opportunities for businesses, investors and entrepreneurs while supporting economic growth and job creation.

The Prime Minister also highlighted plans for the proposed Afro-Caribbean Marketplace and Logistics Centre in Grand Bahama, describing it as a transformative project that could significantly enhance trade and investment flows between Africa and the Caribbean.

According to him, the initiative is expected to serve as a commercial hub, facilitating stronger business linkages and opening new markets for goods and services across both regions.

He noted that closer collaboration between Africa and the Caribbean would help unlock shared economic opportunities and strengthen cultural and historical ties between the two regions.

The Afreximbank Bahamas Roadshow forms part of broader efforts by the bank to deepen its engagement across the Caribbean and advance the Global Africa agenda.

Stakeholders at the event emphasised the importance of building stronger economic partnerships capable of driving sustainable development, expanding trade and fostering greater private sector participation.

As Afreximbank continues to broaden its footprint in the Caribbean, the roadshow is expected to further strengthen cooperation between African and Caribbean economies while creating new pathways for investment and shared prosperity on both sides of the Atlantic.