In a large pot, heat olive oil over medium-high heat. Add beef stew meat and brown on all sides.
Add onions, garlic, thyme, parsley, salt, and black pepper. Cook until onions are soft.
Add butternut squash, carrots, potatoes, and scotch bonnet pepper (if using). Stir to combine.
Pour in water or beef broth, bring to a boil, then reduce heat to simmer and cook for about 45 minutes or until the vegetables are tender and the meat is cooked through.
Remove the scotch bonnet pepper. Add lime juice and adjust seasoning to taste.
Serve hot and enjoy the delicious Joumou soup with some fresh bread on the side.
Feel free to adjust the ingredients and seasonings to suit your taste preferences. Enjoy!