News Archive, March 2019

March 18, 2019

Fifteen teams of student entrepreneurs at the tertiary level will this week be competing for cash prizes of up to J$4m and an all-expense paid trip to defend Jamaica’s 2018 global championship at the upcoming International Business Model Competition (IBMC).

This year’s international staging will be held on May 9-10 at the Brigham Young University campus in Provo, Utah, United States, and teams from numerous universities and business schools across the globe will vie for the grand cash prize of US$40,000 and the prestigious IBMC trophy, now housed at its current home at Northern Caribbean University…

March 4, 2019

The Development Bank of Jamaica (DBJ) has announced that it has invested in the initial public offering, on the Jamaica Stock Exchange (JSE), of MPC Caribbean Clean Energy Limited (MPCCEL), which closed in December 2018.
MPCCEL, which is a Barbados registered International Business Company, raised a combined  US$11.4 Million on the local capital markets in Jamaica (JSE) as well as on the Trinidad and Tobago Stock Exchange (TTSE) for investment in MPC Caribbean Clean Energy Fund LLC (CCEF), which invests into renewable energy projects in the region.  MPCCEL commenced trading on both stock exchanges on January…