Business

GTT Business Solutions on Monday announced that it has clinched an agreement with a high quality 149-room hotel to provide an integrated high-speed security and telecommunications system. The company said its agreement with Aiden Hotel by Best Western is poised to transform the hospitality experience in Guyana. The US$15 million boutique Aiden Hotel, located at Robb and Oronoque Streets, is ...

New United States (US) Ambassador to Guyana, Nicole Theriot on Friday evening laid out her agenda during her tour of duty and promised to engage with a broad spectrum of people. “I am here to reaffirm the US government’s commitment to our shared democratic values including transparency, fairness, inclusion, equity,” she said. Ms. Theriot’s plan appears to be in line ...

At least 20 European companies have signaled their intention to participate in the European Union’s (EU) first ever trade mission under the “Global Gateway” partnership initiative with 150 countries, EU’s Ambassador to Guyana, “We would have the very first trade mission coming to Guyana and that trade mission is here under the heading of the Global Gateway,” Rene Van Nes ...

Vice President Bharrat Jagdeo on Thursday announced that 25 companies have submitted bids to market Guyana’s crude, and that government has selected three of them to open negotiations. “We’re very, very pleased now moving from paying marketing commission to zero in the last set of people. Now, this set is paying us a price above the international market,” he told ...

The Guyana Power and Light (GPL) hopes to reduce frequent blackouts by December 15, 2023 by buying  28 megawatts of generating capacity and repairing a 7.8 megawatt generator at its Kingston power plant, Public Works Minister Deodat Indar said Thursday. “Between now and then, the load-shedding would have to be managed,” he told a news conference. He said the current ...

The Caribbean Private Sector Organisation (CPSO) has almost immediately taken up a call by Caribbean Community (CARICOM) governments to solve transportation woes by finding a blend between public sector incentives and private sector investments with financing by the African Export-Import Bank (AFREXIMBANK), CPSO Chief Executive Officer Dr Patrick Antoine said Tuesday. He said CPSO representatives on Tuesday held talks with ...

Guyanese suppliers to the oil and gas sector would soon no longer have to wait for long periods before they are paid monies by contractors after the Guyana government inks a trade facilitation agreement with the African Export–Import Bank (AFREXIMBANK), President Irfaan Ali said Monday. “We’ve talked a lot about the payment gap for  the suppliers of services to the main ...

The Guyanese oil exploration company, SISPRO Inc; is likely to source some of its financing from the African Export–Import Bank (AFREXIMBANK) through the local merchant bank, NewHayven, President Irfaan Ali announced on Monday. NewHayven , which is headed by United States-based Guyanese Floyd Haynes, was launched in July 2022. Addressing the opening of the 3rd African-Caribbean Trade and Investment Forum (ACTIF) ...

The Egypt-headquartered African Export–Import Bank (AFREXIMBANK) would be offering US$500 million to Guyana to fast-track the development of infrastructure in this South American nation and double the lending limit to US$3 billion for all Caribbean Community (CARICOM) member-nations. President and Chairman of African Export–Import Bank (AFREXIMBANK), Professor Benedict Oramah told the opening of the African-Caribbean Trade and Investment Forum (ACTIF) ...

The Guyana Manufacturing and Services Association (GMSA) is teaming up with the Caribbean Manufacturers Association (CMA) to hold a regional summit in Guyana to address critical issues facing manufactures across the region and prepare the country to become a major manufacturing hub in Latin America and the Caribbean, according to a top official. GMSA President, Ramsay Ali reasoned that Guyana ...