The Commonwealth Alliance of Young Entrepreneurs (CAYE)-Asia, of which Brunei is a member, recently received praise from youth ministers in the region for its role in helping encourage economic growth and youth employment.
As CAYE-Asia shared in a press statement, at the recent Asia Region Commonwealth Youth Ministers Meeting held in New Delhi, India, from July 27 to 30, ministers commended CAYE-Asia’s progress and impact on the Commonwealth-Asia region since the alliance was formed three and a half years ago.
In a communique, the ministers noted, “Such a network helps lift economic growth and youth employment in the region.”
The aforementioned meeting Was convened by the Commonwealth Secretariat and hosted by the government of India under the theme, ‘Youth Participation at the Heart of Sustainable Development’, and brought together youth ministers, senior government officials and youth representatives from Commonwealth countries in Asia.
During the meeting, the CAYE-Asia President, Brunei’s FatinArifin, presented the alliance model as a network of young entrepreneurial organisations with membership of over 20,000 young entrepreneurs across nine member countries in Asia (Brunei, Malaysia, Singapore, Bangladesh, Maldives, Nepal, Pakistan, Sri Lanka and India).
She discussed the actions committed by the alliance for the region, which include promoting a youth entrepreneurship culture, creating a network across member countries for mentorship, advisory and other support services, educating and training young entrepreneurs, providing relevant information to young entrepreneurs, and influencing policy mechanisms for youth entrepreneurship development, which are crucial for the development of a more conducive entrepreneurship ecosystem in the Asia region.
“Through the alliance, member organisations share common and best practices on entrepreneurship development and conduct bilateral activities with each other,” she said.