Business

The Ghana-headquartered Africa Prosperity Network (APN) has picked President, Dr Irfaan Ali to receive the Global Africa Leadership Award later this month, the Guyanese leader was informed on Tuesday. “On behalf of the Africa Prosperity Network and its partners, I am happy to inform Your Excellency that you have been selected to receive the Global Africa Leadership Award,” APN Executive ...

The Guyana government has so far spent more than US$2 million on fighting an international arbitration case concerning the previous administration’s decision to halt the implementation of a parking meter system in the capital city, Georgetown, Attorney General  Anil Nandlall said Monday. The then A Partnership for National Unity+Alliance For Change (APNU+AFC)-led coalition administration had suspended the parking meter system, ...

A regional ferry system may be on the horizon to journey through Guyana, Barbados and Trinidad and Tobago. However, despite reports of a new company being established for this ferry service last week, no company has yet been formed, the Trinidad Guardian reported on Tuesday. Speaking during a signing of the agreement for the construction of a bridge in Guyana ...

The University of Guyana (UG) om Sunday said it reported to police the existence of fake Facebook pòst in the name of that tertiary institution. A senior UG official told Demerara Waves Online News that a report was made to the Guyana Police Force at 11.41 am. “They have replied to say they are actively working on it,” the official ...

President Irfaan Ali on Sunday announced that plans are afoot to reduce the cost for crossing the Berbice River Bridge, even as government was eyeing the construction of a fixed bridge across that waterway in eastern Guyana. He did not provide any detail, about how that would be done but said government would be holding talks with the privately-owned Berbice ...

A company , which believed it unfairly lost a government bid to supply GY$120 million worth of electrical equipment because it did not supply two “immaterial” documents, is considering challenging the decision by government. Chief Executive Officer of Akamai Inc; Brian Hackett said he would be seeking legal advice to follow up on indications by the Public Procurement Commission (PPC) ...

There is potential for Guyana and Venezuela to jointly share or exploit oil reserves that that straddle both countries, after the International Court of Justice (ICJ) most likely rules that the 1899 Arbitral Tribunal Award of the land boundary between the neighbouring South American nations is valid, an International Law expert said Friday. Dean of the University of the West ...

President Irfaan Ali on Friday announced that Guyana would be part of a ferry service that would link this South American country with sister Caribbean Community (CARICOM) nations Trinidad and Tobago, and Barbados. He announced the formation of the company at the signing ceremony for a US$35 million four-lane bridge between Mackenzie and Linden. “Yesterday, Trinidad and Tobago, Guyana, and ...

India’s Cabinet on Friday approved signing of a 5-year memorandum of understanding with Guyana for cooperation in the hydrocarbon sector including sourcing of crude oil, the Business Standard reported. “The proposed MoU covers the complete value chain of the hydrocarbon sector, including sourcing of crude oil from Guyana, participation of Indian companies in exploration and production (E&P) sector of Guyana, ...

Vice President Bharrat Jagdeo on Thursday announced that government would first be writing off some student loans as the first step towards the reintroduction of free university education for the first time in 30 years. He restated that government would phase in free university education for students who are currently paying tuition fees. While government has not decided whether overseas-based ...