The Factories Corporation of Jamaica Limited (FCJ) was incorporated under the Companies Act
of Jamaica in 1987 and is wholly owned by the Government of Jamaica. Its mission is to be a
financially strong and dominant provider of industrial and commercial office space that is
customer focused and efficiently managed by an empowered cadre of staff. FCJ currently
owns/controls 2,030,207 square feet of factory space, and approximately 408 acres of land.
FCJ will collaborate with key stakeholders to address evolving needs and develop modern
infrastructure solutions that support sustainable economic growth and job creation. To this end, the FCJ plans to undertake capital investments totaling $1,619.79 million.
The 448,000 square feet facility at the Morant Bay Urban Development Centre, developed under
a joint venture agreement, is nearing completion and is expected to generate increased revenues
for FCJ through property management services during 2025/26.
The FCJ projects a surplus of $648.92 million
The Housing Agency of Jamaica Limited (HAJ) was incorporated on a change of name from the National Housing Development Corporation Limited (NHDC) in September 2008. The Housing Agency of Jamaica Ltd is a land and housing development company that provides shelter solutions for Jamaicans islandwide. Wholly owned by the Government of Jamaica, HAJ falls under the portfolio of the Ministry of Economic Growth and Job Creation (MEGJC), and its core services include providing shelter solutions on the open market and upgrading and regularising informal settlements.
The HAJ’s strategic vision for 2025/26 into the medium-term is to significantly increase housing
production, improve the affordability of housing units, upgrade infrastructure in marginalised communities and increase the issuance of certificates of title.
In line with its mandate to provide affordable housing solutions to the low and middle-income earners, HAJ plans to commence construction of 795 housing units and deliver 563 units to the market during the 2025/26 financial year.
To improve access to home ownership for lower income groups, existing informal settlers and
the regularisation of informal communities, the HAJ aims to hand over 208 land titles during the
2025/26 financial year.
HAJ projects a net profit of $725.51 million. To achieve its target, the HAJ staff and Board must uphold strong corporate governance. Let’s take a look at their progress!
The Jamaica Deposit Insurance Corporation (JDIC) was established by the Government of Jamaica on August 31, 1998, to protect depositors and promote confidence and stability in the financial system. Its creation marked a significant step in strengthening Jamaica’s financial regulatory framework.
As a statutory body, the JDIC reports to Parliament through the Minister of Finance and the Public Service, providing operating plans, forecasts, accounts, and other information as required.
The Corporation’s primary objective is to establish and manage a Deposit Insurance Scheme to protect depositors from loss, up to a specified limit.
Its main goals are to:
- Provide the highest level of coverage possible to small depositors.
- Restore and maintain confidence in deposit-taking institutions and by extension contribute to the stability and confidence in the nation’s financial sector.
- Provide a clearly defined system for dealing with problems which may arise in insured financial institutions.
Through the preceding objectives, the Corporation aims to contain contagious runs on financial institutions in the event of a failure of a Policyholder(s).
The National Water Commission (NWC), established in 1980 through the merger of the Kingston and St. Andrew Water Commission and the National Water Authority, is a statutory organization dedicated to supporting national development. The NWC provides high-quality potable water and sewerage services to residential and commercial customers in a cost-effective and sustainable manner. It currently serves over 74% of the population with piped water and 19% with sewerage services, through a network of over 1,000 water supply facilities (including wells, treatment plants, and pumping stations) and more than 11,000 kilometers of water mains. In addition, the NWC operates 68 wastewater treatment plants, over 100 wastewater pump stations, and more than 500 kilometers of collector and trunk sewers.
Looking ahead, the NWC plans to invest $10,067 million in capital expenditure for 2025/26. This investment will focus on upgrading infrastructure, expanding the network, and improving service delivery. A key priority for the organization is to enhance energy efficiency and reduce energy costs. As part of this initiative, the NWC plans to install 350kW solar systems at the Leaders Avenue pump station and 100kW solar systems at the Frasers Content pumping station, with completion expected by the fourth quarter of the 2025/26 financial year. These installations are projected to reduce energy consumption from the national grid by 800kW during daylight hours by the end of the financial year.
Despite these efforts, the NWC anticipates a deficit of $1,885.57 million for the 2025/26 financial year.
Petrojam Limited is Jamaica’s only petroleum refinery, fully owned by the government. It produces a range of petroleum products, including gasoline, diesel, LPG, and jet fuel, while also offering quality control services through its laboratory.
Founded in 1982 after the government acquired the ESSO Kingston Refinery, it was partly privatized in 2006 with 49% ownership sold to Venezuela. In 2019, the government reacquired full ownership. Petrojam serves various sectors, including power producers and aviation, and is committed to delivering high-quality products on time.
The General Manager is responsible for the daily management of the refinery, while ultimate authority rests with the Board of Directors, which is comprised of seven members.
Business Strategy: Petrojam’s strategy focuses on ensuring long-term competitiveness and survival by diversifying its product mix, increasing operational efficiencies, improving risk management, and retaining a talented, high-performance team.
The National Solid Waste Management Authority (NSWMA) was set up under the National Solid Waste Management Act 2001 and began working in March 2002. The NSWMA was created to build a better garbage collection system for Jamaica. Before this, companies like MPM, WPM, NEPM, and SPM Waste Management Limited handled waste collection. These companies still collect trash, but now the NSWMA oversees their work.
The NSWMA is financed through property tax contributions from the Parochial Revenue Fund and internal revenue. For the Financial Year 2024/25, the Authority has an approved budget of J$ 4.6 billion, with revised estimates increasing to J$8.5 billion to strengthen solid waste collection and disposal services across Jamaica.
The NSWMA is mandated by law to undertake and ensure that the following functions are executed to: 1. effectively manage solid waste in Jamaica to safeguard public health; 2. Ensure that solid waste is collected, stored, transported, recycled, reused or disposed of, in an environmentally sound manner; 3. Promote public awareness of efficient solid waste management and foster understanding of its importance to the conservation, protection, and proper use of the environment and; 4. Introduce cost recovery measures for services provided by or on behalf of the Authority.
To summarise, the NSWMA’s job is to collect and dispose of garbage properly to keep Jamaica clean and protect public health. To achieve this, the staff and the Board of the NSWMA must ensure there is robust corporate governance. Let’s see how they are doing!!
