Mr. Totogi highlighted that with the strategic support received from the Government, 2025 has become a benchmark year for the YECSI program.
He introduced the YECSI team and transitioning members in attendance who represent entrepreneurs operating in sectors such as agriculture, transportation, digital technology, and waste management.
Mr. Totogi noted that YECSI now maintains representation across all provinces, ensuring that the Government’s reach extends to young entrepreneurs in even the most remote areas, such as Temotu.
The Chairman specifically acknowledged the critical intervention of the GNUT Government, which sustained YECSI when external funding ceased. Since that intervention, membership has grown to over 180 members across 23 sectors.
A central pillar of this success has been the SBD 3 million in funding support from the Ministry of Culture and Tourism, which was utilised to provide SBD 1.9 million in direct business grants for 24 new ventures and SBD 2.1 million to assist members in formalising their businesses.
Further support acknowledged included a SBD 500,000 revolving fund from the Ministry of Agriculture and Livestock for agriculture value chains, alongside technical assistance from the Ministry of Commerce, Industry, Labour and Immigration, and the Ministry of Women, Youth, Children and Family Affairs (MWYCA).
In response, Prime Minister Manele thanked the YECSI Board for the presentation of their 2025 Annual Report and acknowledged the organisation’s vital role in helping a growing youth population create their own economic opportunities.
The Prime Minister particularly noted the importance of the cross-ministerial support provided to YECSI, acknowledging that where MWYCA may face limitations in direct entrepreneurial support, other productive line ministries have successfully stepped in.
He emphasised that this collaborative approach ensures that young entrepreneurs receive specialised support from ministries relevant to their specific sectors.
The Prime Minister highlighted fisheries and other productive industries as sectors for further exploration and assured the Board that he would convey their appreciation to the respective Ministers.
He also welcomed the support from bilateral partners, including the People’s Republic of China, in areas such as e-commerce and digital entrepreneurship.
Prime Minister Manele further encouraged YECSI members to remain resilient amidst global economic uncertainties and fuel price volatility, noting that the nation must remain mindful of the challenges ahead.
He wished the YECSI Board and its members continued success in their efforts to support young entrepreneurs across the country.
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Prime Minister’s Press Secretariat
