Caribbean News
JAMAICA: Government Enabling Jamaicans to Own State Assets
Montego Bay, April 26, 2019 – Jamaica – Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says the Government remains steadfast in its commitment to revolutionise the ownership of State assets.
The Minister, who was speaking at the grand opening of the Victoria Mutual Fairview Financial Centre in Montego Bay, St. James, on Wednesday (April 24), noted that more ordinary Jamaicans are being given the opportunity to own shares in State entities that are being divested.
Citing Wigton Windfarm Limited’s initial public offering (IPO), which opened on April 17, Dr. Clarke said “we have done it in a way to emphasise that we want the widest possible distribution. So we have set it up where the micro people will get filled before the small people and the small people will get filled before the medium people, and the medium will get filled before the large people”.
“We are… giving the opportunity to the vast amount of persons to get in on the ownership ladder of the Jamaican economy,” he added.
“The Jamaican people have a desire to own a piece of Jamaica and this Government is making that possible by not only putting it on the Jamaica Stock Exchange (JSE) but having a distribution system that includes people,” he noted further.
The Jamaica Mortgage Bank (JMB) is among other entities identified for divestment, and the Government is committed to selling its shares in Jamaica Public Service Company (JPS).
A total of 11 billion shares at 0.50 cents each, are being offered under Wigton Windfarm Limited’s IPO, which will run until May 1. Of this amount, 2.2 billion shares will be reserved for public-sector workers. The Government is seeking to raise $5.5 billion from the sale.
Wigton, located in Rose Hill, Manchester, is a subsidiary of the Petroleum Corporation of Jamaica (PCJ) and is the largest wind energy facility in the English-speaking Caribbean. The facility was built by the Government to help diversify Jamaica’s energy mix.
Contact: Okoye Henry
Release: JIS
Header: Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (third left), converses with (from left), Victoria Mutual Fairview Financial Centre Branch Manager, Andrea Arscott-Allen; Chairman of the Victoria Mutual Building Society (VMBS) Group, Michael McMorris; and President and Chief Executive Officer of the VMBS Group, Courtney Campbell. Occasion was a tour of the financial centre in Montego Bay, St. James, followng its grand opening on Wednesday (April 24).
Insert: Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (right), tries out a computer in one of the offices at the Victoria Mutual Fairview Financial Centre, following the official opening of the facility in Montego Bay, St. James on April 24. Looking on are Chief Executive Officer of Victoria Mutual Group, Courtney Campbellon (left); and Custos of St. James, Conrad Pitkin.
Serena Grant Photos
Caribbean News
Paid internship opportunity in Energy Data Collection, Application DEADLINE is April 19
April 19, 2024 – The Caribbean Center for Renewable Energy and Energy Efficiency (CCREEE) in cooperation with the Energy and Utilities Department (EUD), Ministry of Public Safety and Utilities (MPSU), is looking for a motivated intern to work in close collaboration with regional and national institutions to survey and collect energy-related data that will be used to create the Energy Report Cards (ERCs) for the Turks and Caicos Islands. A stipend for the intern will be provided by CCREEE.
The intern will be based at the EUD/MPSU. The internship program will provide students and/or young professionals with a unique opportunity to work with the energy sector institutions and stakeholders in TCI, gain practical experience in the energy sector, and contribute to the knowledge management functions of the Regional Energy Information System within the CARICOM Energy Knowledge Hub (CEKH).
SCOPE OF WORK
The CCREEE in collaboration with the EUD/MPSU will collect specified data and information that will be used to develop the TCI Energy Report Cards which will be made accessible through the CARICOM Energy Knowledge Hub (CEKH). The hub may be accessed by registering at https://cekh.ccreee.org. The Energy Report Cards will also offer important support to the CCREEE work program, including support for energy planning and the development of sustainable energy projects.
DESIRED PROFILE
- Bachelor’s degree or on course for completion of one by December 2024.
- Interest in the energy sector and willingness to learn about the socio-economic, technical and environmental aspects of the energy landscape; studies in sustainable energy, environmental sciences or related fields are an asset but not a National or resident of one of the relevant countries.
- Proficiency in English.
INTERNSHIP TIMEFRAME
The internship will run for a period of eight (8) weeks from May 27 to July 19, 2024.
APPLICATION
The intern applicant should send their application (motivation letter and CV) on or before April 19, 2024 to recruitment@ccreee.org and copy eud@gov.tc.
Only shortlisted candidates will be contacted.
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