Category: Business & Economy

Innovative Energy Group Limited, IEG, formerly known as Ciboney Group, has made a profit following the acquisition of IEC Limited. IEG acquired Ciboney as a shell company in mid-2023, via purchase of the…

Doorstep Jamaica, the food delivery app formerly called Cutdiline, has sold a stake in the business to a fund whose minority owner includes Afrobeats artiste Burna Boy. The size of the acquisition was…

JN Financial Group Limited is offloading assets amid its third straight year of losses. The group, known as the largest mortgage lender in Jamaica, sold the bulk of JN Bank UK last September…

Google’s digital ad sales continued to grow at a healthy clip during the past holiday season, but that wasn’t enough to offset investors’ worries about whether its big bet on artificial intelligence will…

When use of the marijuana plant was decriminalised in 2015, there was excitement that the cannabis industry was going to be the next big thing in Jamaica. But a decade later, the cannabis…

Portland Private Equity won’t proceed with Portland Caribbean Fund III, which received over US$100 million in capital commitments last year, or about a third of the targeted funds. “It is now in the…

No-frills, budget airlines often lead the industry in customer complaints, according to government data. So, if one were to disappear, would it be missed by travellers? That is a question United States regulators…

Restaurant Associates Limited (RAL) has opened four new fast food restaurants in St Catherine — two Popeyes, a Burger King and a Little Caesars. This latest expansion in Angels and Spanish Town further…

Fund managers in Jamaica still invest more than half of client funds into fixed-income securities, but that figure fell over the year, while investments in real estate and cash grew by double-digits, according…

Following the launch of its prefabricated modular home in May last year, DM Equipment Limited has only sold two of the units so far – one each in Lucea, Hanover and May Pen,…