Speaking one day after Prime Minister of Barbados, Mia Mottley inaugurated the CARICOM Diplomatic Office here, Holness said the bloc has very stable democracies and economic policies, particularly fiscal policies. “It’s a small stock market, you may miss it if you are searching for the international markets, but it should you the level and speed and intensity of business sin Jamaica,” Holness said, adding there is a great opportunity for investors in Kenya and the wider African continent to invest in Jamaica. The prime minister said Jamaica has had for the last three years the number one stock market in the world. “You are now at 50 and we are 71, but don’t worry, we are going to pass you,” Holness said, laughing, before adding, to applause, “by the way, we are number six in the world in terms of starting a new business”. He congratulated Kenya - whose President of Kenya Uhuru Kenyatta spoke at the opening and was an audience member at the summit - on its performance on the efficiency and competiveness index. He said utilising the people-to-people relationship is a practical way of creating business, adding that for the Caribbean, and Jamaica, in particular, there are already strong fraternal ties with Africa, expressed in music, culture, and sports.
“And for far too long, we have spoken in glowing terms about relationship but we haven’t really utilised the value of that relationship to layer on top of that the business opportunities,” Holness told the business summit.
He said that the important thing in developing Caribbean-Africa business relationship is also to have a people-to-people understanding. Holness said that since coming to office, in 2016, he made it a point of duty to engage Africa, and has since visited Namibia, South Africa, Morocco, and now Kenya.
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