Jamaica Stock Exchange Looks To UK Diaspora

News Americas, KINGSTON, Jamaica, Fri. June 24, 2011: The Jamaica Stock Exchange is looking to Jamaican companies in the UK to list on its exchange.

JSE general manager, Marlene Street Forrest signed a Memorandum of Understanding with Denis St Bernard of the Caribbean Enterprise Network (CEN-UK), to get Jamaican affiliated companies there to list on the Jamaica stock exchange.

The deal was done during the final day of the fourth biennial Jamaica Diaspora Convention in Ocho Rios, St Ann on Friday, June 17th.
Through the partnership, approximately 250 small- and medium-sized businesses associated with CEN-UK will be encouraged to invest in Jamaica as both entities collaborate and stage joint activities that would promote the growth of the companies, according to the Jamaica Observer.

“We want within a year to move that number from that four percent to even 10 per cent and then we continue to do that growth,” Street Forrest was quoted as saying.