IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

The Jamaican Government aims to generate 70,000 digital services jobs by 2025

Date: November 23, 2021

The Government of Jamaica expects to create more jobs in the digital service sector with a view to create more than 70,000 Digital service jobs within the next 5 years, according to Audley Shaw (Minister of Industry, Investment and Commerce).

Speaking at the recent Caribbean Future Summit 2021, Shaw said, Jamaica has a flourishing outsourcing industry, but it’s looking to shift some of its success into digital services.

“The outsourcing sector, that is the business process outsourcing sector, directly employs over 44,000 agents and generates revenue estimated at over US$700 million annually,” the Minister noted.

“Jamaica’s competitiveness is solidified on the basis that it is the most scalable location in the Caribbean, with a relatively large available labour force and established ecosystem supported by the government and private sector groups,” as highlighted by Audley Shaw.

“We have a multisectoral approach to improving our technological infrastructure. In 2021, the Minister of Industry, Investment and Commerce outlined the framework for a national five-year global digital services strategy to expand the industry. The strategy is expected to have a significant impact on employment, providing 70,000 jobs by 2025.”

Shaw added, “Investment in the global digital services sector continues to grow with over 70 operators in the market at this time.”

Workforce shift

Minister Shaw noted that the current ratio between business process outsourcing jobs and knowledge process outsourcing jobs is approximately 80/20. However, he said the government wants to improve that ratio to 60/40, thus “expanding and making further inroads into higher-technology-oriented jobs in the digital services sector.”

Several training programmes are also in the works, Shaw said, “with a vision to facilitate promotion of the sector and to enable training of thousands of Jamaican in new digital skills of a higher-value skill set.”

“A critical goal is to shift the makeup of the sector towards higher-skilled jobs,” Shaw emphasized. “This global services digital services sector project, being driven by JAMPRO (Jamaica Promotions Corporation) as the executing agency, is the main driver to upskill Jamaicans in the high-value technical and professional skills needed in digital services. In this way, the government, along with operators and stakeholders in the private sector, are facilitating steps to offer services beyond business processing by building the skills and capabilities of the talent pool and companies who offer services under the global sector services program.”

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_537598660
July 3, 2025     MAILPAC Group Limited (MAILPAC) Unaudited financials for the first quarter ended March 31, 2026: MAILPAC Gro…
shutterstock_193038047
July 3, 2026 According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment increased by 57,000 in June, while the unemployme…
shutterstock_453968572
July 3, 2026   United States: Food Prices Ease in June as Focus Shifts From War to Crops   Global food prices edged lower as …
shutterstock_148562033
July 2, 2026   Everything Fresh Limited (EFRESH) has advised that a Director purchased 20,000 EFRESH shares on June 26, 2026. . &nb…
shutterstock_148562033
July 2, 2026   Supreme Ventures Limited (SVL) has advised that on June 30, 2026, a Director purchased 300,000 SVL shares. SVL has also a…
shutterstock_537598660
July 2, 2026 EduFocal Limited (LEARN) Unaudited financials for the three months ended March 31, 2026: EduFocal Limited (LEARN) for the three mo…
shutterstock_382756177
July 2, 2026 Quantas Advantage Inc. (QAINC) Unaudited financial statements for the nine months ended March 31, 2026: Quantas Advantage Inc. (…
shutterstock_68191825
July 02, 2026   The seasonally adjusted unemployment rate in the euro area was 6.2% in May 2026, unchanged from April 2026 and down from 6.3%…