CARGOCONNECT-AUGUST2024 - Flipbook - Page 76
N EWS
CMA CGM, Google
team up to boost AI
in operations
The Bahamas signs landmark deal with
Afreximbank for trade and logistics hub
T
he African Export-Import
Bank (Afreximbank) has
signed an agreement with
the Government of the Commonwealth of The Bahamas to develop
an Afro-Caribbean marketplace
and logistics center on Grand
Bahama Island. This project,
located on the former grounds
of the International Bazaar and
Royal Oasis Tower and Casino,
aims to feature 90 outlets selling
authentic products from over 54
African countries, 20 Caribbean
states, and 16 Bahamian islands.
Additionally, a transshipment hub
will be established to transform
Grand Bahama into a signiocant
trade and cultural hub.
The agreement represents
a signiocant milestone for The
Bahamas, with Prime Minister
and Minister of Finance Philip
Edward Davis emphasising
the project9s role in fostering
economic and cultural partnerships. Davis stated,
