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CDB funds food traceability system in Guyana to boost exports

November 20, 2023 – BRIDGETOWN, Barbados: To further its mission to promote sustainable agriculture and enhance food production, the Caribbean Development Bank (CDB) has approved a grant of USD280,906 to implement a food traceability system in Guyana designed to boost the export of leafy greens and pineapples. The pilot will lay the foundation for a traceability system throughout the agro-food ...

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Vendors outside Muneshwer’s may have to remove by Jan 15- City Mayor

Georgetown Mayor Alfred Mentore on Monday told vendors, who ply their trade outside Muneshwer’s Store on Water and Commerce Streets that he was negotiating for them to remain there until January 15. “Ideally, from what I’ve gotten and from the discussions I’ve had, I’m pretty sure that you vendors will be able to remain there at least to January the ...

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President woos Guyanese private sector, European trade mission to do business

President Irfaan Ali on Monday urged Guyana’s private sector to take advantage of business opportunities with European companies that are participating in the European Union’s (EU) first ever trade mission here, even as he urged Europe to “reset” its business relations with this South American country Addressing the opening of the mission’s two-day engagement here, the Guyanese leader explained that ...

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CARICOM supports Saudi Arabia to host Expo 2030, fight climate change, increase food production

The 15-nation Caribbean Community (CARICOM) has formally agreed to back Saudi Arabia’s bid to host Expo 2030 in Riyadh and the establishment of an international water organisation,  in exchange for support in a range of areas including combatting climate change and boosting trade, investment and food security, according to a joint statement. The leaders declared to support Saudi Arabia’s bid ...

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Jagdeo hints at irrelevance of Marxism-Leninism to the PPP

General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo on Thursday rejected suggestions that his party has abandoned its working-class platform and has instead become one of small-scale businessowners, in stark contrast to his own party’s dogma that names the “petite bourgeoisie” as one of three enemies. While he said the removal of Marxism-Leninism from the party’s constitution is ...

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AMCHAM Guyana, US Bilateral Chamber of Commerce ink accord

The American Chamber of Commerce in Guyana (AMCHAM Guyana) on Thursday announced the signing of a landmark Memorandum of Understanding (MOU) with the Bilateral Chamber of Commerce, a federal contractor for the United States (US) Trade and Development Agency (USTDA). “This collaboration marks a significant milestone for AMCHAM Guyana and the Bilateral Chamber of Commerce. By joining forces, we aim ...

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Small miners allocated claims in former Troy Resources concession to boost gold declaration shortfall

Amid a slump in gold declaration during this year, the Guyana government has decided to divide the former Troy Resources Mining concession at Karouni, Region 8 (Potaro-Siparuni) and allocate lots to small-scale miners, Minister of Natural Resources Vickram Bharrat said Tuesday. “We have identified an area within the former Troy Resources property and we are allocating claims to Guyanese small ...

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US$214 million ExxonMobil’s disputed cost: Bharrat sticks by Gossai ‘I will not discredit him’

Natural Resources Minister Vickram Bharrat on Tuesday said his ministry’s Senior Petroleum Coordinator, Gopnauth ‘Bobby’ Gossai-who was punished for unauthorised negotiation of the reduction US$214 million from ExxonMobil’s cost bank to US$3 million- did so due to inexperience. “I will not attempt to discredit any of my staff; if it was fatal but it was not,” he told a news ...

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Oil production begins at Payara; daily output set to peak at 620,000 barrels per day

ExxonMobil started production on Tuesday at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day. The Prosperity floating, production, storage and offloading (FPSO) vessel is expected to reach initial production of approximately 220,000 barrels per day over the first half of next year as new wells come ...

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UK companies clinch one-year deal to market Guyana’s crude

The United Kingdom-based BB Energy Trading Limited and JE Energy Limited have won bids to market Guyana’s crude from the three Floating Production Storage and Offloading (FPSO) vessels, Minister of Natural Resources Vickram Bharrat said Thursday. “It’s the first time we will get a premium,” he told Demerara Waves Online News Under the one-year contract to each company, BB Energy ...

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November 2023