NCB Capital Markets under its Stratus Alternative Funds has launched its Tourism Response Impact Portfolio (TRIP) fund, designed to meet specific needs of businesses that operate in the tourism sectors within the region.
https://www.jamaicaobserver.com/business-observer/ncb-cap-market-launches-tourism-response-impact-portfolio-trip-fund_219679?profile=1056
The role that alternative investment vehicles play in economic growth and development in the region is becoming of greater significance. As governments walks the tightrope of balancing the books while supporting the most vulnerable economic groups in society, there is very little fiscal space for investment in infrastructure, affordable housing, and supporting entrepreneurial efforts in high-growth, high-technology sectors. The irony is, a lack of investment in these critical areas comes at cost which will be borne by all sooner or later. It is within this context that the capital markets will have to play its part in providing the…
MPC Caribbean Clean Energy Limited, a management company for renewable projects, announced that an investor provided the company with US$10 million in cash by way of a new promissory note, which will result in growing its capital base by half to US$30 million.
But there’s also a conversion clause that could make the investor, whose identity was not disclosed, the largest shareholder in the listed company that trades on both the Jamaica Stock Exchange and Trinidad & Tobago Stock Exchange.
The note in the amount of “US$10 million to an accredited investor” will go into the MPC Caribbean Clean Energy Fund. The company…
