Investment

Former Minister of Natural Resources, Robert Persaud on Sunday said no government investigator has questioned him concerning the issuance of oil concessions and he and members of the then People’s Progressive Party Civic (PPPC) administration were not worried about an independent probe. Officials of the State Assets Recovery Agency (SARA) less than one month ago caused quite a stir locally ...

A three-year-old Tourism Development Fund (TDF) has raked in almost GYD$5 million that has been used in a couple of areas to help boost Guyana’s tourism product, but large hotels are yet to clear a hurdle to begin contributing to the vital cash source, President of the Tourism and Hospitality Association of Guyana (THAG) Mitra Ramkumar said Friday. The TDF ...

An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...

Government was preparing to sell off huge swathes of land owned by the Guyana Sugar Corporation (Guysuco) as part of moves to sell off the several loss-making estates, even as the administration prepared to revive interest in the ‘for-sale’ assets by local and foreign investors, Director-General of the Ministry of the Presidency, Joseph Harmon said Friday. “I can say to ...