Government of Jamaica
The Development Bank of Jamaica (DBJ) has successfully completed 25 transactions under the Government’s Public-private Partnership (PPP) and Privatisation Programme since 2009, facilitating approximately US$1.1 billion in investments. DBJ Managing Director, Milverton Reynolds, said the amount includes US$303 million in sales…
The DBJ Assists in the Rise of Herboo Corporation
After a scuffle with dandruff, a frustrated Javin Williams found that available hair products brought no permanent solution. Luckily, his grandmother shared with him the powers of natural herbs that gave him the relief he craved. “When I was younger,…
DANA BAUGH OF BAUGHaus DESIGN STUDIO – A PRODUCER OF EXQUISITE CERAMICS AND A RECIPIENT OF A DBJ IGNITE GRANT
She is a busy lady. When we interviewed her she was at the Tax Office. No wonder she needs a creative outlet. After leaving design school, Dana Baugh knew she wanted to be in business. She also figured out quickly…
Jamaican University Teams win big at International Business Model Competition
News Release Two student entrepreneur teams from Northern Caribbean University and the University of the West Indies have won the top two spots in the prestigious International Business Model Competition (IBMC) held in Provo Utah on May 10 –…
DBJ Closes Pilot Project and launches Round Two of IGNITE
On Friday, April 27, 2018, the Development Bank of Jamaica held a ceremony at the Spanish Court Hotel in New Kingston, to close the two-year Pilot Project and simultaneously launch round two of its Innovation Grant from New Ideas to…
Scotiabank Vision Achiever
DBJ Stages Regional Conference on Public-Private Partnership in Infrastructure Development
The Development Bank of Jamaica (DBJ) will host a two-day conference, which will explore private sector contribution as an alternative financing mechanism in the delivery of public infrastructure. The regional conference is set for March 6-7 at The Jamaica Pegasus…
Petcom Deal Closes
The sale of state-owned Petroleum Company of Jamaica Limited to Phoenix Fuels & Accessories Limited closed officially on June 30. Phoenix Fuels, headed by Colin Karjohn, has bought 100 per cent of the company and real estate assets for US$19…
Petcom sold for J$2.3 billion
THE Development Bank of Jamaica (DBJ) yesterday announced that Petroleum Company of Jamaica Ltd (Petcom) has been sold to Phoenix Fuels and Accessories Limited for US$19 million ($2.3 billion). Petcom is a wholly-owned subsidiary of Petroleum Corporation of Jamaica (PCJ).…
Jamaican Teas chosen as preferred bidder for KIW warehouse
John Mahfood, CEO of Jamaican Teas Limited (JTL), disclosed this week that the company was selected as the preferred bidder for KIW International Ltd – facilities which the company wants to use to expand its own operations. The company earlier…