The Jamaica Cultural Development Commission (JCDC) was established in 1963 as the Festival Office of Jamaica and later evolved into the Festival Commission in 1968, following the passage of Act 32 of 1968. This Act expanded its mandate to promote the annual Independence Anniversary Celebrations and to nurture local talent across the island. In 1980, through Act No. 8 of 1980, the organization was renamed the Jamaica Cultural Development Commission, marking a significant broadening of its functions and responsibilities.
Today, the JCDC plays a leading role in preserving, developing, and promoting Jamaica’s cultural heritage and creative expression. Guided by its mission to influence national development positively by unearthing, developing, preserving, and promoting the creative talents and cultural expressions of the Jamaican people, the Commission continues to celebrate and advance Brand Jamaica on the global stage.
Clarendon Alumina Production Limited (CAP), established to represent the Government of Jamaica in the joint venture operation of Jamalco, plays a pivotal role in the country’s alumina industry. CAP holds a 45% stake in Jamalco, with the remaining 55% owned by General Alumina Jamaica LLC (GAJ), a subsidiary of the Noble Group. The Jamalco operations have seen various ownership changes, including a transition from Alcoa to the Noble Group and, most recently, to Century Aluminum Company in May 2023, which now serves as the managing partner.
CAP’s primary focus is on enhancing the operational efficiency and long-term sustainability of the Jamalco refinery. In partnership with Century, CAP is implementing Project Restore, a strategic initiative to increase production capacity and reduce operational costs. This project is expected to boost the refinery’s alumina production capacity to 1.211 million tonnes by March 2027.
The CAP projects a net profit increase for the 2025/26 financial year of US$44.21 million. To fulfill its targets, the NIF’s staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
The National Insurance Fund (NIF), established under Section 39 of the National Insurance Act, manages the investment portfolio to maximize returns and provide pensions and other benefits to eligible individuals registered under the National Insurance Scheme. The NIF receives funding through contributions made to the National Insurance Scheme, and it invests these contributions. The Fund then disburses pensions and other benefits to those eligible under the Scheme.
The National Insurance Act requires regular actuarial reviews to ensure that payment rates will sustain the Fund’s health in the future. Therefore, effective financial planning is essential. In 1990, the Government established the National Insurance Board, recognising the need for careful management of the NIF’s diversified investments. The current 16-member Board brings expertise in banking, investment, finance, legal affairs, real estate, and social sectors. To fulfill its mandate, the NIF’s staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
