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Red tape lifting for entrepreneurs

Regional 17 May, 2021 Follow News

Trinidad’s ANSA McAL Group has evolved superbly

Obstacles to entrepreneurship in the Caribbean are rapidly disappearing as the economies in the region continue to implement business-friendly reforms. These reforms are improving the speed of getting a business started. Governments in the region are bent on streamlining every process.

According to the World Bank, Puerto Rico and Jamaica have made the most reforms, but the Bahamas, Barbados, Belize, and the Dominican Republic have taken huge steps to remove cumbersome regulations that hinder economic growth.

Jamaica’s GraceKennedy Limited is a shining example of one company that has diversified into a manufacturer of consumer products. Cave Shepherd and Co. Limited is a retail store partnership started in Barbados in 1906. Today, the company has also diversified its operations into property development, tourism, and financial services.

One of the most diversified conglomerates in the region is the ANSA McAL Group of Companies founded in Trinidad in 1881. Besides financial services and retail, the company is a media and manufacturing group.

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