Caribbean

CARICOM teaching more youth how to become business owners

CARICOM teaching more youth how to become business owners

More young people in the Region are being taught about business ownership. Representatives from the CARICOM Secretariat and consultants are currently in St. Vincent and the Grenadines, Trinidad and Tobago and Belize implementing an entrepreneurship workshop for youth.

This initiative is the CARICOM Secretariat’s 10th European Development Fund (EDF) supported Creativity for Employment and Business Opportunity (CEBO) programme. It began on Monday in Trinidad and Tobago and in Belize, and will start on Tuesday in St. Vincent and the Grenadines.

The objective of the CEBO project is to engage, inspire and create entrepreneurial interest and action among young CARICOM nationals. It targets those who are both in and out of school, and from all walks of life, as a means of countering youth unemployment, mitigating drug abuse, crime and violence, and fostering economic resilience.

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This phase of implementation also focuses on CARICOM nationals who have faced involuntary separation from other countries. The emphasis on this particular demography is linked to the CARICOM Regional Crime Prevention Strategy which proposes actions to address the determinants of crime, including the re-integration of deportees. In this new phase, workshops have already been conducted in Jamaica, Barbados, Haiti and Belize so far.

The project utilises both a theoretical and practical approach as participants are required to form themselves into mock companies, pitch a business idea to the ‘CEBO Bank’ to apply for a…

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