First Jamaica lands US$25m loan from IFC

published: Friday | October 10, 2008 Stephen Facey, chief executive officer of First Jamaica and Pan Jamaican Investment Trust. - File First Jamaica Investment (FJI), the real-estate developer and property management company that has access to US$25 million in World Bank money to finance projects in Jamaica and elsewhere in the Caribbean, says it is still hunting for the kinds of deals that will entice it to call on the cash. "It is no secret that we are out looking opportunities for investment, whether in real or other corporate entities," FJI's Managing Director, Stephen Facey, told the Financial Gleaner on Wednesday. But while he conceded that that FJI had specific projects in mind, Facey declined to say what these were. "When I tell the shareholders, I will tell you and everybody else," he said. Large ownership First... [read full story]