Business

Reproduced from Quartz Africa Bob Collymore, the Guyanese-born British businessman who oversaw the expansion of Kenyan telecoms firm Safaricom into East Africa’s biggest mobile network operator, has died. Safaricom confirmed that the 61-year-old had passed away from cancer while at home this morning. Collymore had been receiving treatment for acute myeloid leukemia in the UK and in Kenya for almost ...

Chief Exeutive Officer of the Guyana Lands and Surveys Commission (GLSC), Trevor Benn on Friday assured he was not personally involved in any corrupt land transactions, and said police would be called in to probe how unauthorised maps got into the hands of the “gentleman” who displayed them at a news conference a day earlier. In the presence of senior ...

Almost one year after they were purchased by the Guyana Defence Force (GDF), two used Skyvan planes arrived Thursday and are expected to go into regular operation very soon unlike the two Britten-Norman Islander planes that remain grounded since they arrived, sources said. The army did not officially announce the arrival of the Skyvan aircraft, but sources said they touched ...

Canada on Monday announced plans to established a business chamber in Guyana, as several Canadian companies step up preparations to search for oil offshore the South American nation. Canada’s High Commissioner to Guyana, Lilian Chatterjee made the announcement at a reception at the Marriott Hotel to mark her country’s 152nd anniversary since three provinces came together to form that North ...

First Lady Sandra Granger on Saturday commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore. The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase ...

Finance Minister, Winston Jordan says investors have been walking away from buying any of the four shuttered sugar estates, an indication that Opposition Leader Bharrat Jagdeo is fooling supporters that the People’s Progressive Party (PPP) will reopen them if his party wins the next general elections. “How you are going to open back those four estates that is scrap iron ...

The International Monetary Fund (IMF) has pointed to lingering uncertainty about how much profit oil Guyana will actually rake in, even as that global financial watchdog says it is ready to help the country prepare for oil price shocks. Preliminary findings of a 2019 Article IV official visit show that Guyana is well on its way to achieving 4.4 percent ...

The Guyana Power and Light Inc. (GPL) says it successfully energized a new 13.8 kV submarine cable across the Demerara River linking the Vreed-en-Hoop and Kingston power plants on Tuesday. On June 2, GPL’s 69 kV cable sustained damages which resulted in the unavailability of 14 MW of generation to the eastern half of the Demerara-Berbice Interconnected System (DBIS). GPL ...

Minister Jaipaul Sharma has been shifted from the Ministry of Finance to the Ministry of Public Infrastructure as its Junior Minister, sources said. Asked for the reason, the source would only say the move was “to enhance public administration”. Sharma, as Junior Finance Minister, had been named as having met with representatives of the Princess Group that at the time ...

The Guyana Police Force on Friday indicated that Minister of Public Infrastructure, David Patterson has been cleared of corruption and other allegations concerning the hiring of a Netherlands-based company that conducted a feasibility study for a new Demerara River bridge. The police force’s Special Organised Crime Unit (SOCU) received legal advice that there was no misuse of funds, no evidence ...