(876) 619-7392

Give us a call

info@jseza.com

Send us a message

Search
Close this search box.

Government of Jamaica   

ISO 9001:2015 CERTIFIED
Search
Close this search box.

Select the form you wish to complete

Knowledge Centre

Direct roundtrip flight from Jamaica to Africa in March

Following on the success of the first ever non-stop flight from Nigeria to Jamaica last month, the company behind the historic initiative has organised another trip from the mother continent to the island that promises to be even better. Elizabeth Agboola, CEO and founder of travel company Nigerians Travel Too, told Loop News that the March 30 Air Peace flight to Jamaica will begin in Lagos, Nigeria before stopping in Ghana for more passengers. What’s more is that an expanded schedule will give Jamaicans the opportunity to travel directly to Africa on a roundtrip, she said. The plane’s schedule will begin on March 30 in Nigeria, with a stop in Ghana before heading to Jamaica. The passengers on that flight are expected to have an 11-day, 10-night stay in Jamaica. On March 31, the plane will depart the island for a roundtrip to Africa, with stops in Ghana and Nigeria before returning to Jamaica on April 8. It then departs the island for Ghana and Nigeria a final time on April 9. According to Agboola, the company decided on the Jamaica to Africa-leg opportunity out of demand after the historic flight from the continent on December 21. That flight travelled directly from Lagos, Nigeria to Sangster International Airport in Montego Bay, Jamaica. “This time around, there will be a facility for the outbound out of Jamaica into Nigeria or Ghana. “We have had a lot of people asking and slightly upset that we didn’t have the facility for the outbound out of Jamaica. The only available thing was a one-way,” Agboola told Loop News. She said that there were passengers who purchased one-way tickets to Nigeria when that flight departed Jamaica on December 28 and charted their own course back to Jamaica for their return. According to Agboola, the expectation is that the trip from Jamaica to Africa will be well supported, as apart from Jamaicans, there were also Grenadians on the one-way flight back to Africa, while there were inquiries from St Kitts and Nevis and the Dominican Republic. “We actually had quite a buzz from the Caribbean at large. So with the right place with marketing, I know people, once they know it is available, they will go with it,” Agoobla said. She stated that, although the flight will be going to Nigeria, other destinations in Africa could be easily reached as there are connecting flights from Lagos to the various other cities in the continent.  

Read More »

FosRich partners with Huawei on solar products

Energy products distributor FosRich Company Limited has struck a deal with Chinese technology company Huawei to sell its photovoltaic, or PV, solutions in the Jamaican alternative energy marketplace. Fosrich CEO Cecil Foster says the agreement gives it exclusive right to distribute and install PV solutions, otherwise called solar systems, in the local market, inclusive of inverters to convert solar generated power for regular use; digital switches and panels, monitoring devices and lithium-ion batteries for power storage. “Huawei is partnering with us through their brand Fusion Solar to bring photovoltaic power products and panels to the local market. We’ll be able to do large scale industrial and governmental operations, Foster told the Financial Gleaner. “That means we can cover from the factory to the office and the home,” he said following the announcement of the distribution arrangement on Thursday on the final day of the Jamaica Stock Exchange 16th Regional Investments and Capital Markets Conference in New Kingston. Director of Enterprise Business Group for Huawei Northern and Western Caribbean, Courtney Hamilton, said the company had been on the lookout for a distributor with clout in the Jamaican market, and says the arrangement positions the Chinese company to expand its footprint. The company is already in the Caribbean supplying telephone equipment and cellular infrastructure. “As world leaders in the photovoltaic power generation space, we want to supply the entire ecosystem for solar power, except the panels which we currently don’t do. What we’re supplying will make sure that customers will have a totally digital solar plant,” Hamilton said. Jamaica’s alternative energy market continues to evolve, with both wind and solar systems. The market is estimated at over $4 billion, energy sources say, with solar systems being more ubiquitous, having been adopted by both households and industrial users as a cheaper source of energy over supplies of electricity from the national grid. The inverters to be supplied by FosRich will range from small 3-kilowatt units for household use to 100 kW units for commercial applications, according to Hamilton. He said the partnership would start out small then scale up as business grows. “The original investment for inventory is about $15 million, but we expect that to grow exponentially as the market responds and the relationship grows,” he said. Solar technology has got cheaper over the years, but Foster says has no plan to compete at the low-end against easily procurable solar panels. His sights are on building contractors and clients of that nature. “What we are committing to do is deliver premium quality products at lower, competitive prices. FosRich distributing for Huawei is better and much different from someone buying off the Internet. We want that growing market out there to come to us,” he said. FosRich has been in business for more than 25 years, and is now turning over annual revenue of more than $1.8 billion. The junior stock market company supplies lighting and power equipment for home and commercial use, but in recent years it has ventured into the manufacturing of PVC pipes and conduits, as well as the repair of power transformers on behalf of starter client Jamaica Public Service Company.

Read More »

Statement from HEART/NSTA Trust: Repurposed for Greater Things, Fulfilling our Human Capital Development Mandate

The HEART/National Service Training Agency Trust is bound under statute to operate as “a total training institution for Jamaica that will track the life cycle of all Jamaicans and support their training needs at all stages.” This broad mandate puts the Organisation in a unique position to serve all members of the Labour Force through workforce preparation, job placement, retooling, continuous learning and giving back through volunteerism and national service, a far cry from the traditional view of HEART as a training institution for school leavers. These points are worthy of consideration in light of the main conclusion of the recent Auditor General Department’s performance audit of the Agency, which posited that optimal value was not obtained by the Trust on the basis of percentage rate of certification from training expenditures for the past five years. We wish to clarify why this claim does not present the full picture of the reach and impact of HEART on the lives of citizens from all walks of life, who rely on our training and value-added services to find employment, meet their personal obligations, and to take care of their families. Why Certification Rate is not the full measure of HEART’s Value to the Nation? Several years ago, HEART modularized all its training programmes to facilitate trainees, whose socio-economic circumstances forced them to defer training to accept a job, and to remain enrolled to complete their full programme of study at their own pace, with a view to ultimately attain certification over time. As an example, it is entirely feasible for a mother of two, who enters one of our entry-Level 2 programmes in Food Preparation with a duration of 18 months, to acquire modularized skill components after 3-6 months in the programme to find gainful employment at a hotel or restaurant that provides well-needed income, reduces personal stress, and gives her the time and space to complete her studies and training, even as she contributes to the national GDP. This is a prime example of the measure of flexibility and value that distinguishes HEART from other educational and training institutions offering services to the Labour Market, and which in part, explains why there is a differential between certification rates, relative to enrolment. Furthermore, HEART has gone well beyond its traditional TVET service offerings to provide a range of social training programmes and services, in support of increasing numbers of persons who need remediation, literacy, numeracy, pro-social mentalities and conflict resolution skills to function in the society. HEART spent over $3 billion between FY 2014-15 and FY 2018-19 on social training interventions, funding and operating programmes to rescue unattached youth from falling between the cracks of society and into criminal activities; and to place them in apprenticeships, which often do not immediately translate in the award of an NVQ-J certificate. Additionally, we run work-based programmes that pay a stipend to programme participants such as graduates from our universities and colleges in our Graduate Work Experience Programme, for persons with physical and intellectual disabilities in our Empowerment Programme, and the HOPE Youth Summer Work Programme that caters to thousands of young people every summer. How HEART will Increase Certification Rate from Funded Programmes Going Forward. As the Auditor General accurately pointed out, HEART “despite significant efforts” achieved a 45% rate of certification against the set target of 70 percent certification from training programmes, a key performance indicator that the Agency has kept in place to continuously challenge itself to meet the visionary goal of a fully certified Jamaican Workforce. Our decided goal is to meet and exceed this 70% NVQ-J Certification stretch target, which we are now better structured and resourced to accomplish as a result of the recent merger with the  National Youth Service, Jamaican Foundation For Lifelong Learning and the Apprenticeship Board. The re-organised HEART is increasing Prior Learning Assessments to capture more persons who are skilled but not certified, through a fully-fledged Mobile Assessment and Certification Unit resourced with more staff traveling to communities across the island, as well as established Assessment Centres at St. Ann’s Bay, May Pen, Montego Bay and Rockfort. We are also addressing the concern raised by the Auditor General with respect to the low certification levels and other sub-optimal results by HEART-funded External Training Providers (ETPs), which are now under the supervision of an expanded Monitoring and Evaluation Department with additional support from six Regional Directors and 15-Parish Managers with fully resourced teams. Why the Nation Should Expect A Quantum Leap in HEART Performance. The Board of the HEART.NSTA Trust has instituted enhanced governance structures and mechanisms for all investments in major training partnerships, to ensure an acceptable return in terms of greater access to training and the quality of graduates for the Labour Force. We are confident that, following the merger and repurposing, the Agency has the structural capacity and wherewithal to “track the life cycle” of our enrolled trainees, and to support increasing numbers of them to complete their programmes of training to earn their full NVQ-J competency certification for the job market.   Source: Jamaica Information Service (JIS)

Read More »

Paramount Eyes More Contract Manufacturing

Paramount Trading (Jamaica) Limited says it will expand its offering of sanitation products and continue the pursuit of contract manufacturing in its lubricants division. The company has invested significantly in the build-out of its lubricants plant and packaging lines. Under COVID-19 conditions, the chemical raw materials supplier has seen severe supplier dislocation and unpredictable market conditions since March 2020, it was stated in Paramount Trading’s annual report. Sanitation products has however helped to sustain revenues. Paramount recorded net profit of $53 million for the financial year ended May 31, 2020, $9.6 million less than the previous year. Earnings per share was $0.034, down from $0.040 for the previous year. Under COVID-19 conditions, the Paramount Trading turned to the manufacturing of sanitation related products. “Taking advantage of the window of opportunity created by our entry into the sanitation products market, we reduced the negative impact of COVID-19 and generated revenue of $1.52 billion, which was slightly below our prior year earnings of $1.59 billion and a negligible decrease of five per cent, the company led by CEO Hugh Graham said. This resulted in reduced gross profit of $468.2 million, compared with $501.9 million in the previous year. Food grade and technical grade portfolios saw revenue growth of two per cent and five per cent respectively. New products include hand sanitizer and surface cleaners, which helped generate revenues of over $43 million for the technical grade division during the last quarter. The lubricant division, the company’s main growth driver, was affected due to the country wide closure of non-essential service businesses during the fourth quarter. This resulted in a 20 per cent reduction in divisional revenue year on year. Operating expenses of $385.7 million fell nine per cent over the prior year, a reduction driven primarily by a decrease in administrative costs, moving from $401.8 million in the prior year to $366.9 million. On the other hand, finance costs climbed by over 107 per cent as a result of capacity build-out funded mainly by preference shares and increase in debt. Cash and cash equivalents showed an increase of $133.0 million, which bolstered company liquidity. Long-term borrowings at year end were at $126.2 million, an increase of $77.9 million, but directors said the company is “well within its capital adequacy requirements and conventional gearing ratio.”   Source: Loop Jamaica

Read More »

Jamaica’s Logistics Hub Continues to Take Flight

Sangster International Airport continues with expansion projects during Covid -19 pandemic Sangster International Airport (SIA ), Jamaica’s largest and busiest airport nestled in the heart of the nation’s tourism hub Montego Bay, is set to move full steam ahead with expansion and upgrading plans. This is good news for Jamaica continued transformation into a logistics centred economy. The airport, operated by MBJ Airports Limited under a concession agreement with the Government of Jamaica (GOJ)is a subsidy of Mexico’s Grupo Aeroportuario del Pacífico(GAP). Sangster International Airport (SIA) is from all accounts the Caribbean’s leading airport and is critically a key pillar in Jamaica’s Logistics Hub Initiative. Receiving over 4.7 million passengers in 2019 SIA is a key access point to Jamaica and is a significant economic driver and logistics support for the tourism sector. The airport contributed over US$230 million directly to the economy of Jamaica and employs over 7,000 people. Pre Covid-19 GAP was very bullish on Jamaica. In addition to its work through its subsidiary MBJ Airports Limited, it took up operating Jamaica second largest airport, Norman Manley International Airport, in late 2019 under a 25 year concession with the GOJ, signed in October 2018. One of the company’s commitments is to improve the infrastructure and equipment of the airport announcing that during the first 36 months of its operation, it will invest USD$60 million to achieve these aims. And its would seem that this confidence in Jamaica remains. Recently MBJ Airports Limited secured a US$60 million loan from Scotiabank to be used to towards upgrade SIA. These upgrades include the expansion of the departures retail area, a major upgrade of the airport’s HVAC system and a 1 megawatt solar PV system which will help to reduce energy, a major operating costs, and decrease the airport carbon footprint. This investment augurs well for Jamaica as we continue our transformation into a logistics centred economy. MBJ Airports Limited shows why logistics matters Jamaica. Source:: Medium https://medium.com/logisticsmattersjamaica/jamaicas-logistics-hub-continues-to-take-flight-da460028ad3f By: Ainsley Brown  

Read More »