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JAMAICA | Micro Stock Exchange to be Established

Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw (third left), listens as General Manager, Digicel Business, Brian Bennett Easy (left), explains aspects of the ‘Digicel Eye’, following the opening ceremony for Expo Jamaica 2018 at the National Indoor Sports Centre on April 19. Others (from right are): Vice President of Sales and Promotions, Jamaica Promotions Corporation (JAMPRO), Claude Duncan; Government Senator, Aubyn Hill; President, Jamaica Manufacturers’ Association, Metry Seaga; and President, Jamaica Exporters’ Association, Michelle Chong. ‘Digicel Eye’ offers customers a link to the Ministry of National Security’s JamaicaEye initiative, a national closed-circuit television (CCTV) surveillance programme geared at improving public safety and security. Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw (third left), listens as General Manager, Digicel Business, Brian Bennett Easy (left), explains aspects of the ‘Digicel Eye’, following the opening ceremony for Expo Jamaica 2018 at the National Indoor Sports Centre on April 19. Others (from right are): Vice President of Sales and Promotions, Jamaica Promotions Corporation (JAMPRO), Claude Duncan; Government Senator, Aubyn Hill; President, Jamaica Manufacturers’ Association, Metry Seaga; and President, Jamaica Exporters’ Association, Michelle Chong. ‘Digicel Eye’ offers customers a link to the Ministry of National Security’s JamaicaEye initiative, a national closed-circuit television (CCTV) surveillance programme geared at improving public safety and security.
KINGSTON, April 20, 2018 - Jamaica's Industry, Commerce, Agriculture and Fisheries Minister, Audley Shaw, has announced plans for the establishment a Micro Stock Exchange.

The Micro Stock Exchange will allow micro, small and medium-size enterprises (MSMEs) to obtain funds to support their growth and expansion.

Speaking at the launch of Expo Jamaica 2018 at the National Indoor Sports Centre, Mr. Shaw explained that the Micro Stock Exchange will target companies for capitalisation between $5 million and $50 million.

“We are operating in a time of derisking. The time for informality in our economy is passed; we have to encourage all of our business people (to) get formal. The Micro Stock Exchange will offer yet another opportunity to become formal,” he said.

The Minister said the Jamaica Stock Exchange has been given instructions “to do the necessary work” to advance the establishment.

He noted that the proposed Micro Stock Exchange follows on the continued success of the Junior Stock Exchange, which was established by Mr. Shaw in 2009, when he was the Minister of Finance.

“The basis of the Junior Stock Exchange was to lighten the requirements for access and the Junior Stock Exchange by any standard of measure has been successful,” he said.

Expo Jamaica is being held at the National Arena and the National Indoor Sports Centre from April 19 to 22.

Under the theme: ‘Advancing Breakthroughs’, the expo is being hosted by the newly formed Jamaica Manufacturers and Exporters Association, in collaboration with JAMPRO.

The Jamaica Manufacturers and Exporters Association is a merger of Jamaica Manufacturers’ Association (JMA) and the Jamaica Exporters’ Association (JEA).

  • Countries: Jamaica

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