Business and Economy
Business and Economy National Transformation News

Etkezo Restaurant Opens with Multicultural Dining Experience

By Kimberly Giddings | January 21, 2025 Etkezo, formerly known as RS53 Resto Bar & Lounge, has officially reopened with a fresh new concept focusing on fine dining and exceptional cuisine. The restaurant, now located in the Amazonia Mall, is the brainchild of former cricketer Ramnaresh Sarwan, who has partnered with Lazeez Fusion in this […]

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Business and Economy National Transformation News

Guyana’s Economy Records Exceptional 43.6% Growth in 2024

By Celestine Chacon | January 20, 2025 Guyana’s economy has seen extraordinary growth, with its Gross Domestic Product (GDP) soaring by 43.6% in 2024, surpassing the 33% growth achieved in 2023. This was announced by Finance Minister Dr. Ashni Singh during his presentation of the 2025 national budget. Despite facing global inflationary pressures, Dr. Singh […]

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Business and Economy News

Institute of Private Enterprise Development (IPED) Expands with New Branch

January 20, 2025 The Institute of Private Enterprise Development (IPED) is set to expand its services with the opening of a new branch on the Soesdyke-Linden Highway. This announcement was made by Robert Williams, the Business Development and Marketing Manager, during an exclusive interview with NCN Business. Williams shared that IPED had a successful year, […]

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Business and Economy Energy News

Guyana Secures US$527 Million Loan from US EXIM Bank for Gas-to-Energy Project

By Delicia Janneire | January 11, 2025 Guyana has taken a significant step forward in its energy development with the signing of a US$527 million loan agreement with the United States Export-Import (US EXIM) Bank for the Gas-to-Energy (GTE) project. The agreement was formalized on Friday during a ceremony at the project site in Wales, […]

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Business and Economy National Transformation News Politics

President Ali Engages Foulis Residents in National Budget Consultations

By Radha Motielall | January 8, 2025 As part of the ongoing consultation process for the 2025 National Budget, President Dr. Irfaan Ali visited Foulis, located on the East Coast of Demerara, to engage with residents about their concerns and aspirations. This grassroots approach to budgeting is a key feature of the government’s preparation process. […]

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Business and Economy Energy National Transformation News

Prime Minister Confident Gas-to-Energy Project Will Meet Deadline

By Delicia Janneire | January 8, 2025 Prime Minister Brigadier Retired Mark Phillips is optimistic that the Gas-to-Energy (GTE) project will meet its completion deadline, despite ongoing progress and logistics. Speaking at his year-in-review press conference this week, the Prime Minister provided updates on several key energy projects, including Gas-to-Energy and the Amaila Falls Hydropower […]

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Business and Economy News

Government’s Strategic Investments Revitalize Forestry and Bauxite Sectors

By Samuel Sukhnandan | January 6, 2025 President Dr. Irfaan Ali outlined the government’s strategic investments in revitalizing the forestry and bauxite sectors, crucial components of Guyana’s economy. Speaking during a live broadcast of Growth Agenda: Progress Under Review, he highlighted several key initiatives aimed at stimulating growth and job creation in these industries. In […]

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Business and Economy National Transformation News Politics

Guyana’s Global Image Strengthens as Investments Grow

By Leeron Brumell | January 3, 2025 Guyana’s international profile continues to rise, with increasing recognition of the country’s economic potential. President Dr. Irfaan Ali, speaking at his year-end press conference, expressed satisfaction with the government’s efforts in marketing Guyana as a prime investment destination. While acknowledging progress, the President has already outlined new targets […]

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Business and Economy National Transformation News

Gas to Energy Project Marks Key Milestones Despite Delays

Jan 2, 2025 Despite encountering minor challenges, the Gas to Energy project has reached significant milestones, as confirmed by President Dr. Irfaan Ali during his end-of-year press conference. Among the achievements highlighted by the President was the completion of a 250-kilometre pipeline to a new facility on the West Coast of Demerara, a critical component […]

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Business and Economy Local Development National Transformation News

Sugar Production Declines as Agriculture Sector Grows, Minister Vows Action

By Saskia Warrick, NCN News – December 30, 2024 The agriculture sector in Guyana has experienced growth and transformation in most areas, with one notable exception: sugar production. Agriculture Minister Zulfikar Mustapha revealed at his year-end press conference that sugar production has fallen short of expectations, with just over 47,000 tons produced, marking a decline […]

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