GraceKennedy Group - Media Centre - GK Press
 
GraceKennedy Education 5K Run/Walk targets $10M
Shareholders are reminded of the Annual General Meeting of GraceKennedy Limited which will be held at 73 Harbour Street, Kingston, Jamaica on Wednesday, May 31, 2017 commencing at 4:00 p.m.

The work and contributions of the late Francis “Paco” Kennedy, CD, retired GK Director, acclaimed Jamaican businessman, philanthropist and advocate for the renewal of downtown Kingston, was recognised on April 25, 2017 by a posthumous induction into the U.S. Minority Business Hall of Fame and Museum (MBHFM). The ceremony was held at the Morgan State University in Baltimore, Maryland where Cathrine Kennedy, his daughter andGK’s Chief Risk Officer, along with her mother, Mrs Marjory Kennedy, Director of Jamaica Freight and Shipping Company Ltd., accepted the award.

KINGSTON, JAMAICA  May 1, 2017

Don Wehby, Group CEO of GraceKennedy Limited, is pleased to announce the appointment of Peter Moses as a consultant to the GraceKennedy Financial Group Limited, effective May 1, 2017.

GraceKennedy Limited welcomes the announcement made today by the Hon Karl Samuda, Minister of Industry, Commerce, Agriculture and Fisheries that the ban on corned beef imported from Brazil has been lifted.

STATEMENT BY DON WEHBY, GRACEKENNEDY GROUP CEO

 

GraceKennedy can today confirm that the plants that supply corned beef to us are not under investigation by the Brazilian authorities.

GraceKennedy Limited, which is based in Kingston Jamaica, and which confirms its full compliance with a directive received from the Ministry of Agriculture, Lands and Fisheries to withdraw corned beef originating from Brazil, from sale, as a precautionary measure until further notice, will be working with its distributors in the Republic of Trinidad and Tobago to do so. The company affirmed its readiness to lend full support to the local regulators to resolve this issue as quickly as possible.
GraceKennedy Limited, which is based in Kingston Jamaica, confirms its full compliance with a directive received from the Department of Environmental Health, Cayman Islands (in co-operation with other Government Agencies of Cayman) to withdraw corned beef originating from Brazil, from sale, as a precautionary measure until further notice. The Company confirms that it will be working with its distributors in Grand Cayman to implement the withdrawal and affirmed its readiness to lend full support to the local regulators to resolve this issue as quickly as possible.
GraceKennedy Limited confirms its full compliance with the directive of the Government of Jamaica to suspend sales of corned beef originating from Brazil and immediately withdraw the product from the Jamaican market. We stand ready to lend full support to the local regulators in resolving this issue as quickly as possible.
Downtown Kingston is closer to having its landscape beautifully enhanced as GraceKennedy Ltd moves into the next phase of constructing its new corporate headquarters located at Lot 21 Harbour Street.
GraceKennedy Limited invites you to participate in our Investor Briefing to discuss our year-end results on Tuesday 7th March 2017. The briefing will take the form of an on-line conference from 3:00 to 3:40 p.m. Jamaica Time (-5 GMT). 
$8.5Bn growth in revenue; profits from continuing operations up 49.5%
 
The GraceKennedy Group released its 2016 results on Tuesday, February 28, showing another year of strong performance. The company’s disciplined strategic focus has yielded increases in revenue, net profit, earnings per share, shareholders’ equity and total assets. 

Kingston, Jamaica, February 7, 2017 – GraceKennedy Money Services (GKMS) today announced the commercial launch of its mobile payment platform, GK MPay. The service will permit users to execute a range of transactions including: pay bills; top-up phone credit; make peer-to-peer transfers and receive Western Union remittances.

Government Senator Don Wehby has recommended that the services to be provided by banking agents such as supermarkets be expanded to include opening accounts and offering loans.

Co-chairman of the Economic Programme Oversight Committee (EPOC), Keith Duncan, has sided with government Senator Don Wehby, who has suggested that the services to be offered by agents licensed to undertake banking services should be expanded.

The Senate, on Friday (December 16), approved two Bills that will establish a regulatory framework to attract and support investment in Jamaica’s horse-racing industry and facilitate the development of Caymanas Track into a modern, world-class facility.


Government Senator Don Wehby has recommended that the services to be provided by banking agents such as supermarkets be expanded to allow them to open customer accounts and offer loans.

Wehby was contributing to today's Senate debate on the Banking Services (Deposit Taking Institutions) (Agent Banking) regulations that would allow establishments such as hardware stores and supermarkets to offer certain prescribed banking services.


The GraceKennedy Foundation has renewed funding for the Carlton S. Alexander Chair in Management Studies and the James Moss-Solomon Senior Chair in Environmental Management at the University of the West Indies (UWI). The Chairs are held by Professor Ian Boxill, who has been in the post since 2010 and Professor Mona Webber who was appointed on October 1, 2016 respectively.
$66.7 billion in revenue and 55% increase in net profits
  
GraceKennedy Limited announced strong third quarter results with revenue reported at $66.7 billion, up by 11.6% over the corresponding period last year and net profit of $3.7 billion – a 54.6% increase over 2015.