Nigerian industrialist Aliko Dangote opened his refinery to public ownership on Monday with plans to raise US$1.6 billion from retail investors across the continent in Africa’s biggest initial public offering, or IPO. Dangote,…
Category: Business & Economy
Anthropic CEO Dario Amodei says AI industry needs to give safety measures time to catch up
The CEO of Anthropic said Saturday the artificial-intelligence (AI) industry should slow its fast-moving development to give safety measures time to catch up. Without such a slowdown, Dario Amodei warned that, within six…
EduFocal to keep AGM vote results under wraps up to 30 days
Shareholders in EduFocal Ltd voted on renaming the company and authorising the issue of new shares at Thursday’s annual general meeting (AGM), but the company will announce both results at a later meeting….
Liberty Business launches AWS cloud partnership in Jamaica
Liberty Business has launched a partnership with Amazon Web Services in Jamaica, giving local companies and government agencies access to AWS cloud services through the telecommunications provider’s own network, data centres and support…
Travel scams are getting harder to spot. Here’s how to stay safe
Pickpockets were once the biggest worry for travellers heading to new destinations on vacation. But travel scams have become more sophisticated, and scammers using new artificial intelligence tools have become better at creating…
Scotia Group Q3 profit rises 10% ahead of buyout vote
Scotia Group Jamaica Limited’s third-quarter profit rose some 10 per cent to $6.1 billion on stronger lending and higher fee income, less than four weeks before minority shareholders vote on its majority owner’s…
United Oil commissions drill study as farm-out deadline nears
London-listed United Oil & Gas Plc has commissioned a study of offshore drilling rig-availability and costs for its Walton-Morant licence off southern Jamaica, the company said in filings. “This drilling study marks an…
Privy Council to weigh bid to appeal in dispute involving Jamaican tech founders
Tech founder Gordon Swaby is seeking permission to appeal a ruling in favour of digital marketing founder Kemal Brown to the Judicial Committee of the Privy Council in London, Jamaica’s final court of…
Why investors held on to their GOJ bonds
The Government of Jamaica (GOJ) launched an invitation for bondholders of the notes due in 2028, 2036 and 2039 to exchange their notes for cash as the country restructures its debt profile. The…
MoBay passenger traffic stalls at a fifth below pre-Melissa levels
Passenger traffic through Sangster International Airport remained 23 per cent below year-earlier levels in August, with the shortfall little changed since June despite a steep recovery in the first half of the year….
