AGP Executive Report
Last update: 2 hours agoAviation & Infrastructure: Nassau Airport Development Company (NAD) is set to start a $6.5m rehabilitation of Runway 14/32 at Lynden Pindling International Airport, with the runway fully closed for the first three to four weeks and work expected to finish by Oct. 31. Power Crisis: New Providence and parts of the Family Islands continue to reel from unreliable electricity, with BPL reporting ongoing repairs after underground cable faults and warning that some areas may stay offline to avoid overloading. Island Reliability: Little Grand Cay residents say relief has been delayed again, as a replacement generator shipment keeps slipping due to additional testing. Business Impact: Original Patties Bakery suffered a major setback after an early-morning fire destroyed stock, freezers, storage and offices; the cause is under investigation. Finance & Banking: Bank of The Bahamas reported $26.5m net income for FY ended June 30, 2026, citing higher lending and stronger operating income, while Commonwealth Brewery posted a 5.1% rise in first-half net profit to $6.27m. Local Talent & Education: BRON Academy launched to expose Bahamian youth to engineering, architecture and technical careers, and BAMSI alumnus Aaron John is advancing biodegradable packaging from coffee pulp. Policy & Investment: Bahamas Economic Affairs Minister Michael Halkitis says the government is not participating in the initial public offering linked to the Dangote refinery underwriting invitation. Legal & Human Rights: A paralysed man shot by police in 2016 was awarded a US$80,000 interim payment for urgent medical treatment.
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