News

July 22, 2020

KINGSTON, July 22 –: “The DBJ is doing everything to help businesses survive,” says Milverton Reynolds, Managing Director of the Development Bank of Jamaica. “Although Covid-19 has disrupted all our lives…our commitment to our mandate to facilitate economic growth in Jamaica remains strong.”

He was speaking on Tuesday at JVCAPITAL’s Alternative Investments webinar titled: DBJ …. The Way Forward for Jamaica’s MSMEs. Produced in collaboration with the Caribbean Alternative Investments Association (CARAIA), it was the last in a 7-part series that explored non-traditional asset classes and options for financing businesses. 

June 12, 2020

Jamaica’s National Business Model Competition winner – Herboo Enterprises - has placed 8th, out of a total of 42 teams in the finals of the International Business Model Competition that took place in Salt Lake City, Utah from May 1 - 3.  The local team was also awarded the International Business Model Award. They won a total of US$ 6,000.00.
 
The IBMC is currently co-hosted by Brigham Young University, Harvard University, and Stanford University.  This year’s event was held at Brigham Young University in Utah, and teams from universities worldwide, competed for the prestigious award of IBMC trophy and cash prize of US$25,000…

June 3, 2020

The Development Bank of Jamaica (DBJ) today announced that in conjunction with partners it will host a two-day  Conference on Infrastructure Development under the theme:  DELIVERING ECONOMIC GROWTH THROUGH PARTNERSHIP:  Private Sector Participation in Infrastructure Development.
 
This regional conference will be held at the Jamaica Pegasus on March 6 and 7, starting at 8:30 a.m. each day. 
 
 
Set against the background of Caribbean governments looking to Public Private Partnerships (PPPs) and other forms of private sector participation as efficient alternate financing mechanisms for the delivery of public…

June 3, 2020

Five major local financial institutions have signed on to promote entrepreneurship among youth alongside the Development Bank of Jamaica (DBJ), through its Jamaica Venture Capital Programme, the Private Sector Organisation of Jamaica and the Inter-American Development Bank for the fourth annual National Business Model Competition (NBMC).
 
Pan Jam Investment, NCB Foundation, Scotiabank Jamaica, JN Bank and GK Capital Management have come on board for the competition’s fourth annual staging, which will see 14 student-entrepreneur teams at the tertiary level compete for national honours and to represent Jamaica at the upcoming…

June 3, 2020

Northern Caribbean University (NCU) has, yet again, come away as the winner of the National Business Model Competition (NBMC) for the fourth consecutive year since the competition's inception with student-entrepreneur team, Natsima Nutraceuticals securing the opportunity to represent Jamaica at the upcoming International Business Model Competition (IBMC) in Silicon Valley, California.
 
The Mandeville-based tertiary institution’s team made their winning presentation to a panel of private-sector judges in the final round of the national competition last Friday (March 24, 2017), beating 13 other teams from four…