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$485.8 million for project to boost MSME innovation and growth in Jamaica

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#KINGSTON, Feb. 18 (JIS):         The Government has earmarked $485.8 million in the upcoming fiscal year to continue activities under the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) project.

            As stated in the 2020/21 Estimates of Expenditure, now before the House of Representatives, the funding will go towards increasing the number of Micro, Small and Medium-sized Enterprises (MSME) accessing equity financing  and capacity-building training; while also strengthening institutions providing support to these entities.

            The objective of the BIGEE project is to promote sustainable and robust growth among MSMEs and startups in Jamaica.

            It is being implemented by the Development Bank of Jamaica (DBJ) through funding from the Inter-American Development Bank (IDB).

            Among the targets are: establishment of a Venture Capital Fund focused on financing early stage businesses and other financing mechanisms to support the development of MSMEs; and implementation or strengthening of institutions for the development of  MSMEs.

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Caribbean News

PAHO Calls Americas to Increase Aedes aegypti Mosquito Control

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Rashaed Esson

Staff Writer

 

#PAHO#Dengue#Americas, February 23rd, 2024 – With nearly seven thousand cases of dengue and 102 deaths reported in the Americas as of early February 2024, the Pan American Health Organization is once again calling for stronger measures to control the Aedes aegypti mosquito, the main transmitter of dengue. These numbers indicate a 157 percent increase in cases over the same period in 2023.  In the first five weeks of 2024, Peru, Martinique, Guadeloupe, Guatemala, Costa Rica, French Guiana, Mexico, Colombia, Argentina, Brazil and Paraguay reported an increase in cases.

 

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Caribbean News

Dark Tourism Efforts in Jamaica – Colonial sites Preservation

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Rashaed Esson

Staff Writer

#DarkTourism#Jamaica,February 23rd, 2024 – British Colonial sites in Jamaica like Georgian plantation houses and slave infrastructure, are being preserved as slavery monuments to boost what authorities are calling the “Dark Tourism” industry. According to reports, Dark Tourism refers to tourists visiting places marked by historical tragedy. For Jamaica, the history of Britain’s 300-year rule will be explained at the preserved sites. Tourism minister Edmund Bartlett says work is being done with the ministry of Culture and the Jamaica National Heritage Trust.

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Bahamas News

Bahamas as Caribbean top 2024 Spring Destination

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Rashaed Esson

Staff Writer

#Bahamas#Tourism, February 23rd, 2024 – The Bahamas has been categorized as the most popular Caribbean destination for travel in the upcoming spring season by travel insurance company Squaremouth, in a new report. It was the only Caribbean nation to make the list for the top 10 destinations. The report is derived from travel insurance purchases made through Squaremouth.

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