News

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 ...

People’s Progressive Party Civic (PPPC) Councillor, Jainarine ‘Don’ Singh on Sunday scolded City Mayor Alfred Mentore for prematurely calling for an emergency council meeting and threatening legal action against Local Government Minister Anand Persaud for blocking an amnesty for rates and taxes until the council proves that it can do so legally. Mr Singh said Mr Mentore’s call for an ...

Opposition Leader Aubrey Norton said Saturday’s meeting with a delegation from the New York State Senate and the New York State Assembly was aimed at sensitising them on a range of aspects of bad governance and discrimination in Guyana, but he said they did not provide any commitment on whether they would exert pressure in the United States (US) to ...

Three persons were early Sunday morning arrested for allegedly attempting to scam a number of Automatic Teller Machines (ATM), police said. The Guyana Police Force said at about 12:15 Sunday morning detectives from its Criminal Investigations Department (CID) Headquarters arrested the woman and two men who scammers who were under surveillance after a report was made that they were targeting ...

Georgetown Mayor, Alfred Mentore on Saturday threatened to take Central government to court for blocking an amnesty that the municipality had hoped to use to raise funds to pay off income tax debts to the Guyana Revenue Authority (GRA). He said the City Council would first discuss the matter before deciding whether to challenge Local Government Minister, Anand Persaud’s decision ...

President Irfaan Ali on Friday night travelled to the Guyanese county of Essequibo and sent a clear message to Venezuela that his country w0uld not surrender a “square inch” of territory to neighbouring Venezuela and said he was confident the security forces would defend the country. “The government and the opposition recently issued a joint statement in which we made ...