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Investment

European businesses should focus on investment opportunities in Guyana- Ali

-European Chamber of Commerce Guyana launched President Irfaan Ali has told executives of major European Union (EU) companies who participated in that bloc’s first ever trade mission to Guyana that they need to pay keen attention to major investment opportunities here. Addressing the opening of the mission on Monday, he dismissed likely reaction to his concern that the private sector ...

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Guyana, Barbados collaborating to ease shipping congestion from Trinidad- Ali

President Irfaan Ali on Wednesday announced that Guyana and Barbados were working to end difficulties in the movement of cargo from Trinidad to this South American nation. Addressing the commissioning of a US$8 million mixing plant of the National Milling Company (NAMILCO), a subsidiary of the American company, SEABOARD, the Guyanese leader said steps were being taken to maximise the ...

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EU prepares for first trade mission to Guyana; urges Guyanese to grab opportunities

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 ...

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Guyana running out of coastal land to distribute- Ali

President Irfaan Ali has said that Guyana is running out of large acreages of land on the coastal strip. Speaking at the recently held Guyana-Canada Chamber of Commerce Dinner and Awards, he said, “the reality is that we don’t have that land now on the coast.” He said he asked for pictures of new developments asked for pictures of the ...

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Guyana gov’t, Indian company ink major EPC contract for natural gas liquids, natural gas-fired power plant

The Guyana government and one of India’s leading engineering companies on Wednesday inked a US$155.99 million contract to provide to provide Engineering Procurement and Construction (EPC) services for  transmission lines and substations for the Natural Gas Liquids plant and the 300 megawatt natural gas power plant at Wales, West Bank Demerara, the Indian High Commission said. The deal was inked ...

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Guyana targeted to benefit from new EU project financing model

The European Union (EU) is providing a new model of infrastructure pr0ject financing to Guyana and other Caribbean and Latin American countries that will see the bloc continuing to provide grants with the expectation that international and regional financial institutions will inject massive amounts of cash for larger projects, EU Ambassador to Guyana René van Nes said Thursday. “This is ...

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PPP banking on cash grants, housing, new bridge to wrest Linden from PNC-APNU

President Irfaan Ali on Saturday night indicated that his People’s Progressive Party Civic (PPPC) was depending on the now GY$40,000 cash-grant per child to take away control of the Linden Town Council from the People’s National Congress Reform (PNCR) for the first time at the June 12 Local Government Elections. “If those parents whose children benefit from this policy of ...

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OPINION: What will the PPP Gov’t do with access to information networks?

by GHK Lall I note with interest the development where Guyana has joined regional information sharing networks to facilitate going after financial criminals (Demerara Waves, December 11, 2022). On the face of it, this is good for Guyana, with many possible pluses. On the other hand, for those familiar with the real Guyana, the one below the surface glitter, this ...

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High Court orders gov’t to issue Local Content Certificate to RAMPS Logistics

Chief Justice Roxane George-Wiltshire on Friday ordered the Ministry of Natural Resources’ Local Content Secretariat to issue a Local Content Certificate to the RAMPS Logistics (Guyana) Limited whose parent company is headquartered in Trinidad & Tobago. She ordered the Director of the Local Content Secretariat Martin Pertab to properly fulfill his duties without discretion to register or cause the Secretariat ...

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President flays private sector for failing to grasp business opportunities; offers to assist in crafting proposals to bank

Even as President Irfaan Ali on Friday bashed the private sector for failing to take advantage of foreign investment opportunities from Saudi Arabia and South Korea, he announced that government was willing to help write business plans and negotiate with commercial banks for low interest loans. “I am ready, as your President, to help to put together a team to ...

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