Budget 2024, with a close to four billion dollar allocation for business development, is seen as a significant opportunity for all Guyanese to explore and benefit from. The private sector, particularly the Guyana Manufacturing and Services Association (GMSA), encourages individuals to examine the budget and identify areas where they can initiate and expand small businesses. […]
The Guyana Tourism Authority (GTA) organized the second round of the Tourism Business Clinic, streamlining the processing of documentation and licenses for tourism businesses. This initiative aims to simplify and expedite the certification and licensing procedures for tourism operators. In the past, businesses had to navigate multiple agencies individually to obtain certifications and licenses. However, […]
The Private Sector Commission (PSC) has expressed its appreciation for Budget 2024, commending the government for its commitment to sustainable and people-centered economic transformation. PSC Chairman, Komal Singh, highlighted the positive measures announced in the budget, particularly addressing the challenges faced by small and medium-sized enterprises (SMEs) in accessing finance. Budget 2024 allocates $450 million […]
In a move to boost the small business sector and foster economic growth, the Guyanese government has announced a substantial financial injection into the Small Business Development Fund and increased support for the Small Business Bureau. The details were shared in the latest Republic Bank-sponsored Business report. Finance Minister Dr. Ashni Singh highlighted the crucial […]
President Irfaan Ali recently officiated the commissioning of a state-of-the-art $30 million marine facility at Nismes, West Bank Demerara, owned by GAICO Construction & General Services Inc. The event was marked by the presence of government officials, industry leaders, and local residents. The facility, conceptualized in 2013 by GAICO CEO Komal Singh, includes a dry […]
In a significant effort to support local entrepreneurs, 152 small business owners from Region Six received business grants on Friday through the Small Business Bureau of the Ministry of Tourism, Industry, and Commerce. The distribution ceremony took place at the Belvedere Business Centre, aiming to provide financial assistance to entrepreneurs with small establishments or startup […]
In the festive spirit, around 50 small businesses seized a unique opportunity to showcase their products and services at a pop-up shop hosted by Pop Up Nation 592 at MovieTowne. This collaborative effort with the Women’s Chamber of Commerce and Industry Guyana aimed to provide entrepreneurs with a special platform during the holiday season. The […]
The Rose Hall Estate in Canje has reached a significant milestone by successfully crushing over 14,500 tonnes of sugar canes since its reopening. The Estate Manager, Vijay Goberdhan, disclosed this information, expressing optimism that the estate is on track to fulfill its full potential by the end of 2024. When the Peoples Progressive Party administration […]
The Georgetown Chamber of Commerce and Industry (GCCI) celebrated a prosperous year, marking significant achievements in fostering business partnerships and advancing the local business environment. At the 134th Annual Awards Presentation and Gala Dinner held at the Marriott Hotel, President Kester Hutson expressed the Chamber’s commitment to developing a vibrant and sustainable business sector in […]
Finance Minister Dr. Ashni Singh has extended a warm welcome to a British trade mission, emphasizing that Guyana is open for business and presents ripe investment opportunities. The trade mission, organized by the Caribbean Council, marks the third delegation of companies from the United Kingdom seeking investment prospects in Guyana. Minister Singh expressed that the […]