Message from the Chairperson of the Fundraising Committee 10 13
Fueling Growth: The impact of Oil and Gas on Guyana’s economy
Guyana’s Economic Landscape: Opportunities and Challenges
Cultivating Potential: Investment Opportunities in Guyana’s Agriculture Sector
The Aiden by Best Western
Innovating Growth: The Strategic Vision of Ramsay Ali
Business Guyana Magazine: Where to Eat & Stay
GCCI Menu of Service
MESSAGES
PRESIDENT OF THE GCCI
- Mr. Kester Hutson
Guyana is on the cusp on transformation— underpinned by unparalleled economic growth and infrastructural investments that will prove to be metamorphic. It is thereforeappropriate that this 14th edition of the Business Guyana Magazine embraces Guyana’s development trajectory under the theme ‘TransformGuyana’.
Over the last year, cognisant of the change being experienced in the country, as well as the opportunities presented, the Georgetown Chamber of Commerce and Industry has dedicatedly continued its mandate of advocating the interests of its membership, while also placing issues of national interest with implications for the private sector on the front burner.
At the start of the year, the Chamber onboarded a high influx of members, while continuing our advocacy efforts in relation to business development. As part of our work, the Chamber met with relevant stakeholders inclusive of the international community, the diplomatic community, and government agencies to foster and in some cases strengthen relationships. These engagements included meeting with the United Nations
Resident Coordinator’s Office, the U.S Embassy, the Chinese Embassy and the Belizean Embassy. This, of course, is aligned with our core value of ‘collaboration’. We cannot operate in isolation, so we believe in collaboration—so this year is characterised by a collaborative approach in every aspect of our activities. This can be evidenced by the signing of a Memorandum of Understanding with the Dominican Republic Chamber of Commerce to foster bilateral trade and investment, as well as an agreement with the Association of Chartered Certified Accountants to jointly tackle the deficit in human resources facing the accountancy profession. In order to ensure that the trade relationships being developed at the national level are reflective of the private sector’s interest, the GCCI has embedded itself in the technical working groups of the National Advisory Committee on External Negotiations.
From the Committees’ standpoint, the focus is more on strategically equipping these groups with the information needed to ensure that companies have sufficient information to make beneficial decisions in their business growth, and have foresight of impending opportunities. As a result of this objective, the Chamber has embarked on a campaign to gather valuable information that will enable the nurturing of our members— particularly the Micro, Small and Medium-sized enterprises. Thus far, the Chamber has tapped into its network including the Guyana Revenue Authority, the National Insurance Scheme, the Deeds and Commercial Registry, as well as the Centre for Local Business Development for the execution of webinars and training. These efforts will be further bolstered by activities such as Small Business Week and our annual Business Development Forum which will provide both insights into opportunities and neworking platforms for these businesses.
Over the course of this year, the Executive Management Committee also facilitated inbound trade missions from countries seeking investment opportunities, and has been a firm proponent of partnerships with local companies. As part of our initiatives to support the creation of an attractive investment environment, complemented by ease of doing business, the GCCI has led in the creation of an investment portal where companies can provide their proposals, and seek investors and partnerships. This platform is being made accessible to both members and non-members. With the influx of these companies comes the need to meet and adhere to standards, which is a crucial area of focus for the GCCI. Building on this further, the Chamber created a mechanism for increased collaboration among members by way of a member-to-member discount programme. The Chamber continues to advocate on issues such as barriers to trade and access to finance, particularly for smaller enterprises.
These activities outlined only scratch at the surface of the labyrinth of initiatives being led and pursued by the GCCI. As we approach the final quarter of 2024, the GCCI remains steadfast in its mandate of supporting trade and investment in Guyana, as well as advocating for benefits to Guyanese businesses.
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MESSAGE FROM THE CHAIRPERSON OF THE FUNDRAISING COMMITTEE
-Mr. Komal Ramnauth
Iam incredibly excited to see the Georgetown Chamber of Commerce & Industry (GCCI) once again bring to life the 2024 edition of the Business Guyana Magazine (BGM). This year’s theme,
“Transforming Guyana,” perfectly captures the bold spirit of change and innovation that is sweeping our nation. We are not just growing – we are transforming into a beacon of progress, resilience, and boundless opportunity.
My heartfelt gratitude goes out to both Chamber and Non-Chamber members who have continued to stand by the GCCI with unwavering support. It is the commitment of our advertisers and contributors that makes this publication possible, and their dedication is driving not only this magazine but also the vibrant business ecosystem that’s shaping the future of Guyana.
As we look to the future, I am filled with optimism and a renewed sense of purpose. The partnerships between our members, councilors, and the Chamber Secretariat will fuel this transformation, ensuring that our collective efforts push the boundaries of what’s possible for Guyana.
Together, we are not just benefiting individual businesses— we are propelling an entire nation forward, unlocking new heights for our economy and the wider private sector. I am confident that this year’s Business Guyana Magazine will be a powerful testament to the progress we are making and an inspiration for the next steps in Guyana’s remarkable journey of transformation.
Thank you all for your steadfast dedication and for being a part of this extraordinary journey. The best is yet to come!
AMEIR AHMAD: BUILDING A LEGACY IN GUYANA’S AMEIR AHMAD: BUILDING A LEGACY IN GUYANA’S LANDSCAPE LANDSCAPE
Much like the brand he represents, Ameir Ahmad, Managing Director of Sheriff Guyana is a figure of growing prominence in Guyana’s business sector.
At the heart of his rapidly expanding empire is Sheriff Construction, a testament to his vision and drive to cement a lasting legacy for future generations.
Starting with a single electronic store that experienced a significant robbery, Ahmad's entrepreneurial journey has been one of resilience and strategic expansion. His first big venture, Sheriff Security Services, grew out of necessity but quickly became one of the top security providers in the country, illustrating Ahmad’s ability to identify and fill critical market needs.
Today, Sheriff Guyana encompasses a diverse portfolio including Sheriff Alarms, Sheriff Homes, and the nascent Sheriff Construction, which has quickly gained traction moving from private work to public opportunities.
Sheriff Guyana, under Ahmad’s leadership, is positioned as a beacon of innovation and excellence in Guyana’s evolving business landscape. As the company continues to grow and diversify, its impact extends beyond economic contributions, fostering a legacy that will benefit not just Ahmad's daughters but also the broader Guyanese community.
For Ameir Ahmad, overcoming the fear of growth and embracing the challenges of entrepreneurship are life lessons he hopes to pass on to the next generation, ensuring that the legacy of Sheriff Guyana is as enduring as the structures it builds.
The company has successfully secured several government contracts, contributing significantly to infrastructural developments in Guyana.
Recent projects have included constructing educational facilities and healthcare institutions, which not only bolster the community but also pave the way for sustainable development.
In a recent address at the ECONOME Business Conference & Mixer, the serial entrepreneur shared insights into the challenges and triumphs of entrepreneurship. He emphasised the importance of risk-taking and innovation in business, particularly in a rapidly evolving economy like Guyana's.
Beyond business, Ahmad is passionate about contributing to societal development. His initiatives extend to philanthropy, where Sheriff Guyana is involved in various community outreach programmes, including supporting orphanages and educational initiatives through the office of the First Lady and independently. This aspect of social responsibility is integral to Ahmad's vision of business leadership, which he believes should also focus on making a positive impact on the community.
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FUELING GROWTH: THE IMPACT OF OIL & GAS ON GUYANA’S ECONOMY
By Georgetown Chamber of Commerce & Industry
Introduction
Guyana’s economic landscape has been fundamentally reshaped by the burgeoning oil and gas sector, transforming the country into one of the most talked-about emerging markets in the global energy industry. Since the first significant offshore oil discovery in 2015 by ExxonMobil in the Stabroek Block, the narrative of Guyana’s economic trajectory has taken on a new and promising dimension. This article delves into the transformative impact of the oil and gas sector on Guyana’s economy, exploring recent developments, key players, and the future prospects of this vital industry.
The Economic Transformation
The discovery of vast oil reserves has catapulted Guyana from relative economic obscurity to becoming one of the fastest-growing economies globally. The country, previously reliant on agriculture, mining, and forestry, now stands on the brink of significant economic diversification and wealth generation, driven primarily by its newfound petroleum resources.
In 2020, Guyana’s GDP growth was recorded at an astonishing 43.5%, largely attributed to the commencement of oil production. By 2022, oil revenues had begun to flow into the country’s sovereign wealth fund, the Natural Resource Fund (NRF), which was established to manage the proceeds from oil sales and ensure sustainable economic growth. This windfall has provided the government with the financial resources to invest in infrastructure, education, healthcare, and other critical sectors, which in turn supports broader economic development.
Key Players in Guyana’s Oil and Gas Industry
ExxonMobil, the lead operator in the Stabroek Block, remains the dominant player in Guyana’s oil and gas industry. The company, alongside its partners Hess Corporation and China National Offshore Oil Corporation (CNOOC), has made over 30 significant discoveries in the Stabroek Block, with an estimated recoverable resource of over 11 billion barrels of oil.
The involvement of other international oil companies (IOCs), such as Tullow Oil, Repsol, and CGX Energy, has further highlighted Guyana’s potential as a major oil producer. These companies are exploring other blocks offshore, which could lead to additional discoveries and further bolster the country’s oil production capacity.
The government’s role, facilitated through the Ministry of Natural Resources and the Guyana Geology and Mines Commission (GGMC), has been pivotal in creating a conducive environment for these investments. The local content policy, for example, aims to maximize the benefits of the oil and gas sector for Guyanese businesses and workers, ensuring that the industry’s growth is inclusive and sustainable.
Economic Benefits and Challenges
The benefits of the oil and gas sector to Guyana’s economy are manifold. The influx of foreign direct investment (FDI) into the sector has spurred the development of ancillary industries such as construction, logistics, and services. The creation of jobs, both directly and indirectly related to oil and gas, has provided new opportunities for Guyanese citizens, while the increase in government revenue has the potential to significantly improve public services and infrastructure.
Moreover, the government has embarked on ambitious projects funded by oil revenues, including the development of a gas-to-energy project, which is expected to reduce electricity costs and provide a more stable and sustainable energy supply to the country. This project, in turn, is anticipated to attract more manufacturing and industrial activities, further diversifying the economy.
However, the rapid growth of the oil and gas sector also presents challenges. The phenomenon known as the “resource curse,” where countries rich in natural resources experience slower economic growth and worse development outcomes than less-endowed countries, looms as a potential risk. To mitigate this, the government has been advised to implement robust governance frameworks, transparency measures, and sound fiscal policies to ensure that oil wealth translates into long-term prosperity for all Guyanese.
Another challenge is the environmental impact of oil extraction. The government, along with its partners, must prioritize environmental protection to safeguard the country’s rich biodiversity. The balance between economic growth and environmental stewardship will be crucial as the country navigates its future as an oil producer.
Future Projects
Looking ahead, the future of Guyana’s oil and gas sector appears bright. Production is expected to ramp up significantly over the next decade, with multiple projects coming online, including the Liza Phase 2, Payara, and Yellowtail developments. These projects are expected to increase daily oil production to over one million barrels by the early 2030s, positioning Guyana as a major player in the global oil market.
Additionally, the government’s vision to use oil revenues to fund a diversified and resilient economy is a positive sign. Investments in renewable energy, agriculture, tourism, and technology will be key to ensuring that Guyana does not become overly reliant on oil. The success of these initiatives will depend on strategic planning, effective governance, and the continued partnership between the government, the private sector, and the international community.
Conclusion
Guyana’s oil and gas sector has undoubtedly set the stage for unprecedented economic growth. The sector’s contribution to the economy, both in terms of revenue generation and broader economic development, cannot be overstated. However, the true measure of success will be how well the country manages its resources to ensure sustainable and inclusive growth for its people. The lessons learned from other oil-producing nations, coupled with Guyana’s unique circumstances, will shape the country’s journey as it navigates the complexities of becoming a significant player in the global oil and gas industry.
The road ahead is filled with both opportunities and challenges, but with the right strategies and policies in place, Guyana can truly harness its oil wealth to fuel long-term growth and development, securing a prosperous future for generations to come.
GUYANA’S ECONOMIC LANDSCAPE: OPPORTUNITIES AND CHALLENGES
By Georgetown Chamber of Commerce & Industry
Introduction
Guyana, a country known for its rich cultural heritage and biodiversity, has become one of the most dynamic economies in the Western Hemisphere. Its meteoric rise is largely influenced by the discovery of vast oil reserves in 2015, positioning the nation as a formidable player in the global energy market. Beyond oil, the country’s economic potential spans various sectors, with opportunities for growth and investment emerging at a pace never seen before. However, with rapid development comes the need to address challenges, ensuring that the economic boom translates into sustainable and inclusive growth.
In this article, the current economic outlook of Guyana is explored, whilst its key growth drivers, emerging sectors, and potential challenges are probed. The article will highlight why Guyana presents a unique investment opportunity while discussing the pathways that will ensure this growth benefits the broader economy.
Guyana’s Economic Surge: A Snapshot of Key Indicators
Guyana’s economic trajectory in recent years has been marked by exponential growth, particularly in Gross Domestic Product (GDP). In 2023, the country recorded one of the highest GDP growth rates globally, with a staggering 25% expansion. This growth has been primarily driven by the oil and gas sector, prudent macro economic management, and a deliberate effort towards diversification. This has solidified the positioning of Guyana as a regional energy hub. As at half-year 2024, Guyana has continued to build on this momentum, registering 49.7% economic growth.
Prudent macroeconomic management has seen the establishment of a Sovereign Wealth Fund (SWF), ensuring that revenues from oil are reinvested in infrastructure, healthcare, and education, with a focus on long-term sustainability. Additionally, the country’s low debt-to-GDP ratio and robust fiscal discipline provide a solid foundation for future investment and growth. As at end 2023, Guyana’s debt-to-GDP ratio stood at approximately 20%, significantly lower than regional and hemispheric counterparts, indicating a stable macroeconomic environment and outlook for investors.
Inflation and Monetary Stability
Inflation, a key concern for many emerging markets, has remained relatively stable in Guyana despite external shocks like the COVID-19 pandemic and global supply chain disruptions. The Central Bank of Guyana has employed a cautious monetary policy, maintaining low inflation rates. In 2023, inflation hovered around 4.5%, a manageable rate that reflects both healthy demand and controlled price increases in critical sectors such as energy, food, and housing.
The exchange rate, long a point of vulnerability for small economies, has remained stable. The Guyanese dollar has benefitted from inflows of foreign exchange due to oil revenues, helping to maintain the stability of the country’s external accounts. The government’s focus on building international reserves has further strengthened monetary stability. This stability demonstrates the monetary conditions to mitigate against the natural resources curse through the ‘dutch disease’ channel.
The Power of Diversification: Beyond Oil
While oil has undoubtedly been the catalyst for Guyana’s economic ascent, the government and private sector have made deliberate efforts to ensure that emphasis remains on the diversification of the economy. Investors looking at Guyana should consider the potential of several key sectors beyond oil:
Agriculture:
Agriculture has been a bedrock of Guyana’s economy for decades, with rice, sugar, and fishing as the main export commodities. In recent years, the government has pursued an ambitious agenda to modernize agriculture through technological advancements, improving supply chain infrastructure, and expanding the market for organic and valueadded products. Investments in this sector are promising, especially as global demand for food security increases.
Tourism:
Guyana’s rich biodiversity, rainforests, and ecotourism potential remain largely untapped. The country has seen increasing interest from international tourists seeking unique travel experiences. With better air connectivity and infrastructure, the tourism sector could rival other Caribbean nations, offering a high return on investment.
Mining and Natural Resources:
While oil has taken center stage, Guyana’s mining sector remains robust, with gold and bauxite leading the charge. Recent exploration has also pointed to the presence of rare earth minerals, which are in high demand globally for green technology production. Investors with an eye on sustainable resource extraction will find this sector particularly attractive.
Technology and Innovation:
Guyana is rapidly digitalizing its economy. The country’s growing young population, coupled with government incentives to enhance ICT infrastructure, presents opportunities in tech and innovation. From software development to tech start-ups, Guyana’s burgeoning tech ecosystem offers immense potential for investors willing to tap into new markets.
Infrastructure Development: Laying the Groundwork for Future Growth
In tandem with its economic boom, Guyana has embarked on several infrastructure projects critical to unlocking the country’s full potential. Key investments in roads, bridges, ports, and energy infrastructure are under way, largely funded by oil revenues and multilateral institutions. These infrastructure projects are essential not only for improving the quality of life for Guyanese citizens but also for enhancing the ease of doing business, reducing logistics costs, and attracting foreign direct investment (FDI).
The government’s partnership with international financial institutions such as the Inter-American Development Bank (IDB) and the World Bank has also ensured that these projects align with international standards, promoting transparency and efficiency.
Governance and Sustainable Growth
Guyana must navigate several challenges to sustain its economic momentum. Chief among these is the risk of over-reliance on oil revenues. The so-called “resource curse,” experienced by many countries with abundant natural resources, could hinder long-term growth if not carefully managed. Guyana’s diversification strategy is therefore critical to continuing to mitigate this risk and ensuring balanced economic development. Strengthening institutions, improving regulatory frameworks, and ensuring transparency in both the public and private sectors will be pivotal to sustaining investor confidence. While the government has made strides in improving the ease of doing business, including streamlining business registration processes and reducing bureaucratic hurdles, there is still room for improvement, particularly in areas like corruption prevention and contract enforcement.
Social Inclusion and Human Capital Development
Another critical area of focus is human capital development. Guyana’s burgeoning oil sector has created significant job opportunities, but the country needs to invest more in education and vocational training to ensure that its workforce can meet the demands of a modern economy. The government’s investment in education is promising, with efforts to improve access to quality schooling and enhance technical trainingprograms. However, building a workforce that can support industries beyond oil will require sustained investment.
The government’s emphasis on social inclusion is also commendable. Projects aimed at reducing income inequality and improving healthcare services are critical to ensuring that the benefits of economic growth are shared across all segments of the population. The construction of new hospitals, clinics, and the implementation of healthcare programs to address chronic diseases reflect a forward-looking approach to human development. This healthcare development, combined with the educational programme of the government, bodes well for social inclusion.
Conclusion: A Bright Future for Investors
Guyana’s economic outlook is overwhelmingly positive. With a strong foundation laid by its oil wealth, prudent fiscal management, and diversification efforts, the cou try is on track to become one of the leading economies in the region and western hemisphere.
The stable macroeconomic environment, paired with robust growth prospects in agriculture, tourism, mining, and technology, makes Guyana a prime destination for investors looking to capitalize on both short- and long-term opportunities.
However, challenges remain. The government and private sector must work in concert to ensure that economic growth is inclusive, sustainable, and resilient. Investors who align themselves with Guyana’s long-term development goals—particularly in sectors that promote diversification and human capital development—stand to reap significant rewards.
In summary, Guyana offers a rare combination of untapped potential, a rapidly growing economy, and a commitment to long-term sustainable growth. For investors, the time to engage with this emerging market is now.
CULTIVATING POTENTIAL: INVESTMENT OPPORTUNITIES IN GUYANA’S AGRICULTURE SECTOR
By Georgetown Chamber of Commerce & Industry
Introduction
Guyana, a country rich in natural resources and strategic geographical location, presents a wealth of opportunities for investment in its agricultural sector. With a significant portion of its population engaged in farming and a robust governmental commitment to sustainable agriculture, Guyana is positioned to become a leader in regional and global food production. Investment in agriculture in Guyana can yield substantial returns due to the country’s fertile land, favourable climate, and growing export market potential. This article will explore the numerous investment opportunities available, government incentives, success stories, and the critical role of sustainable farming practices in shaping the future of agriculture in Guyana.
In this article, the current economic outlook of Guyana is explored, whilst its key growth drivers, emerging sectors, and potential challenges are probed. The article will highlight why Guyana presents a unique investment opportunity while discussing the pathways that will ensure this growth benefits the broader economy.
Overview of Guyana’s Agriculture Sector
Agriculture is one of the pillars of Guyana’s economy, contributing about 20 percent of its GDP and employing over 15 percent of the workforce. The country is endowed with over 8 million hectares of arable land, of which a fraction is currently under cultivation, presenting significant room for growth. Major agricultural products include rice, sugar, fruits, vegetables, and livestock, all of which are essential for local consumption and export. Moreover, Guyana’s location near the Caribbean and North American markets enhances its competitiveness as a food-exporting nation.
In recent years, the government has placed a strong emphasis on diversifying agricultural production beyond traditional crops such as rice and sugar, moving towards new high-value products including coconut, aquaculture, fruits, and horticulture products. This diversification aims to reduce dependency on any single crop while enhancing food security and increasing export earnings. Notably, His Excellency the President, leads the Caribbean Community (CARICOM) initiative on the reduction of the food import bill of the region by 25 percent by 2025.
Investment Opportunities in Guyana’s Agriculture Sector
Rice Production and Export
Rice is one of Guyana’s most important agricultural exports, with the country being a top supplier to several countries in the Caribbean, Europe, and Latin America. Investment opportunities exist in expanding rice production through modernized farming techniques, seed research, and processing facilities. Investors can also explore new rice varieties that can fetch higher prices in global markets, particularly organic and specialty rice products.
Coconut Industry
The global demand for coconut products, including coconut oil, water, and other derivatives, has surged in recent years, driven by consumer preferences for health-conscious and sustainable products. Guyana’s coconut industry is underdeveloped but has vast potential due to the abundance of land suitable for coconut cultivation. Investment opportunities in this sector include coconut farming, processing plants for value-added products, and the export of coconut oil, water, and flour.
Aquaculture
Guyana’s coastline and extensive river systems make it an ideal location for aquaculture investments. As global fish stocks diminish, the demand for farmed fish has increased exponentially. Guyana’s government has identified aquaculture as a critical area for expansion and offers substantial support to investors. Opportunities exist in farming tilapia, shrimp, and other seafood for both domestic consumption and export to the Caribbean and North America.
Horticulture and Fruit Exports
Guyana’s tropical climate supports the cultivation of a wide range of fruits such as mangoes, pineapples, bananas, and citrus. The global demand for organic and sustainably produced fruits is growing rapidly, and Guyana is well-positioned to capitalize on this trend. Investors can explore opportunities in the cultivation and export of organic fruits, both fresh and processed. Additionally, there is room for growth in value-added products such as fruit juices, jams, and dried fruits, which can command premium prices in international markets.
Sustainable Farming Practices
Sustainability is increasingly becoming a focal point in global agriculture, driven by concerns about climate change, resource depletion, and environmental degradation. Guyana is committed to promoting sustainable agriculture through various policies and initiatives. Investors with expertise in sustainable farming practices, such as organic farming, regenerative agriculture, and agroforestry, will find a welcoming environment in Guyana. There are also opportunities to invest in renewable energy solutions for agriculture, such as solar-powered irrigation systems, which can reduce costs and increase efficiency for farmers.
Agro-processing and Value Addition
One of the most promising areas for investment is agro-processing, where raw agricultural products are transformed into finished goods. This value addition can significantly increase the profitability of agricultural exports while also creating jobs and stimulating economic growth. Opportunities abound in setting up processing facilities for fruits, vegetables, grains, and livestock products. Investors can focus on producing items such as sauces, snacks, canned goods, and organic food products, which are in high demand in export markets.
Livestock and Poultry Farming
Guyana has significant potential for growth in livestock farming, particularly cattle, pigs, and poultry. The demand for meat and dairy products is growing, both domestically and internationally, and Guyana’s vast grazing lands offer a competitive advantage. Investment in modern livestock farming techniques, feed production, and meat processing facilities can help boost productivity and meet growing consumer demand. Additionally, the government is keen to support livestock farming with infrastructure development and veterinary services.
Government Incentives and Support for Agriculture Investments
The Government of Guyana has implemented several incentives to attract local and foreign investment in agriculture. These incentives include:
Tax Exemptions: Investors in the agricultural sector benefit from a range of tax exemptions, including duty-free concessions on machinery, equipment, and vehicles used for farming. There are also exemptions on corporate taxes for companies investing in agriculture and agro-processing.
Land Access: The government offers access to arable land at competitive leasing rates, making it easier for investors to acquire the land needed for large-scale farming operations.
Financing and Grants: The government, in collaboration with international organizations, provides financing options and grants to support agricultural projects. These funds are available for projects that promote sustainable agriculture, food security, and export development.
Success Stories in Guyana’s Agriculture Sector
Technical Support and Research: The Ministry of Agriculture, along with research institutions such as the National Agricultural Research and Extension Institute (NAREI), offers technical assistance and research support to farmers and investors. This includes expertise in crop development, pest management, and irrigation techniques.
Guyana’s agriculture sector has seen numerous success stories, many of which highlight the country’s potential for growth and innovation. One notable example is the revival of the coconut industry, where significant investments in processing facilities have transformed coconut farming into a highly profitable venture. Companies such as Pomeroon Trading, which exports coconut water and oil to international markets, have demonstrated the viability of investing in value-added agriculture.
Another success story is the growth of aquaculture. With the government’s support, aquaculture farms across the country are producing high-quality tilapia and shrimp for export. Investors have been drawn to this sector due to its high profitability and the increasing global demand for seafood.
Conclusion
Guyana’s agricultural sector presents a unique and lucrative opportunity for investors seeking to capitalize on the growing global demand for food and sustainable farming products. The government’s commitment to supporting agricultural investment, combined with the country’s fertile land and favorable climate, makes it anattractive destination for investment. From rice and coconut production to aquaculture and agro-processing, there are numerous ways for investors to engage in the sector and realize substantial returns.
As Guyana continues to diversify its economy and expand its agricultural exports, the potential for growth and innovation in the sector is immense. By focusing on sustainable farming practices and leveraging the government’s incentives, investors can play a critical role in shaping the future of Guyana’s agriculture, contributing to food security, job creation, and economic development. Now is the time to cultivate the vast potential of Guyana’s agricultural sector.
THE AIDEN BY BEST WESTERN
THE PERFECT BLEND OF MODERNITY, HOSPITALITY, AND INTERNATIONAL STANDARDS
In the hustle and bustle of midtown Georgetown stands a towering structure with a magnificent view of the capital city. With nine floors and 141 rooms, the Aiden by Best Western is the newest addition to hotels in Guyana and is located on the corner of Robb and Oronoque Streets. It is the first boutique hotel to grace Guyana’s shores, and the first Aiden Hotel in Latin America and the Caribbean.
The hotel was developed by Arimu Investments Incorporated, prompted by the increasing demand for accommodation that resulted from the development of the oil and gas industry. Co-Director of Arimu Investment Incorporated, Mr. Lorenzo Alphonso shared that in determining the location, while a number of factors were taken into consideration, the key determinant was the need for a convenient location.
Construction work for the 74,000 square-foot hotel commenced on March 6, 2021, and by July 2024, the hotel opened its doors to its first guests. “The rooms are classified into smart rooms, suites, and we have presidential suites. We have two restaurants, a roof terrace, which is called the Horizon, and we have an executive bar, an executive floor, a gym, everything you could want in a hotel,” Mr. Alphonso stated.
Standing proudly in the Georgetown skyline, the Aiden promises an exceptional experience, from the serene ambiance to the sophisticated rooms. Mr. Alphonso noted, “A standard hotel room is 270 square feet. We offer 310 square feet,” as he motioned to the spacious and luxurious rooms. The smart rooms are equipped with a feature that allows guests to pay for their restaurant and bar tabs, as well as place orders and request room service from their televisions. “It’s going to have an automatic light-on, light-off switch based on when you set it. So, it’s basically a functional smart room,” he added.
LOCAL CONTENT
With a commitment to local content, the developers were keen on ensuring that the benefits of the US$24 million investment were felt by the local community. As such, creating employment opportunities for Guyanese was a crucial goal. Preparation works to the land were completed by a team of Guyanese contractors and local labour. Additionally, the pile-driving and erection of a steel structure was completed by Guyanese firms. While a Chinese company completed the remaining works, a significant portion of the workers they contracted were also Guyanese.
“All consultants on this project were fully Guyanese. All technical staff, fully Guyanese. We signed a contract with GT&T, they’re the providers for the internet, the TV, and everything internet,” Mr. Alphonso explained. Further, he disclosed, “In terms of operation, there’s going to be an 80 percent to 85 percent Guyanese workforce.” The remaining labour, he noted, would encompass the international management company, with expertise in hotel management, that would be responsible for ensuring the hotel’s standards remain consistent with international standards. The end-goal is for this team to train Guyanese to occupy the senior roles within three years.
Infusing the Guyanese culture into the essence of the hotel was also a top priority. As guests traverse the halls of the hotel, they will be surrounded by local sceneries, flora, and fauna—artwork from local artists that were secured through a collaboration with the Guyana Tourism Authority. Visitors will also be tantalised by a taste of local flavours in the restaurants, with local cuisine being expertly incorporated into the menus that provide a blend of Peruvian, Japanese, and Italian cuisine.
The Aiden promises an unparalleled experience, and this hotel is the first in a series of hotel developments that are in the pipelines are Guyana continues to experience rapid economic growth.
INNOVATING GROWTH: THE STRATEGIC VISION OF RAMSAY ALI , CEO OF STERLING PRODUCTS LIMITED
Over the years, there has been the emer gence of many leaders and prominent faces in the Guyanese business community. Among the longstanding, leading personalities is a gentleman known for his ineffable expertise and valuable contributions—not only to the companies which he has served and the organisations that he supports, but also to the many micro and small business owners whose lives he has impacted in a meaningful way. Mr. Ramsay Ali is a strategic business development and management expert who has broken the proverbial glass ceiling to end generational cycles by paving the way for his personal empowerment, while also expanding his knowledge and skills to those around him in order to catalyse positive change.
Early Career and Background:
From Humble Beginnings to Industry Leader
Hailing from Triumph Village, on the East Coast of Demerara, Mr. Ali originated from a humble background. His formative years were spent at St. Peter’s Roman Catholic School, where he commenced his Primary education. Embodying excellence at a tender age, Mr. Ali eventually earned a spot at Queen’s College in 1972 when he wrote the Common Entrance Examination, completing both his O and A levels at the institution.
He grew up with his parents and two sisters. His father, he shared, was a taxi driver and his mother, a homemaker whose passion was investing her energies into the upliftment of her children. In a candid conversation, Mr. Ali disclosed, “My dad was a regular man and alcohol was a big part of his life. Mom struggled for the most years with us. My sisters and I went to good schools, with one of them attending Queen’s College alongside me. But as we got older, we all started to work at the same time. So, things got little better. But mom made sure that all of us were educated.”
While most persons sought to continue onto tertiary education before entering the world of work, a young Ramsay Ali, conscious of his financial limitations at that time, entered the workforce. His first job was with the Government of Guyana, where he served as Valuation Officer within the Ministry of Regional Development for close to a decade. Then, in 1988, his career trajectory changed when he began working for Colgate-Palmolive as a salesman. “That’s where I got my Sales Experience,” he reminisced. After two years with that multinational company, Mr. Ali was appointed to the position of Sales Manager, working his way up to the position of Sales Executive, where he was responsible for the entire Sales Department. It was while he was employed by Banks DIH that he was able to pursue higher learning, earning his degree in Business Management with specialisation in Marketing at the Frederick Taylor University. “I worked there for 13 years and it was during that period that I was able to complete university because they helped me to pay for my University education,” he shared, later adding, “I went to University when I was in my 30’s.”
Leadership at Sterling Products Limited
Steering Sterling: Leadership and Innovation
In 2004, two decades ago, Mr. Ali was appointed to the role of General Manager at Sterling Products Limited. After one year, he was promoted to Chief Executive Officer. Channeling his already vast experience and tapping into his training in marketing, Mr. Ali moved strategically to transform Sterling’s products into household names.
“When I came in 2004, we didn’t build brands, we were just selling. But over the years, we have actually built brands. So ‘Golden Cream’ is a brand now, ‘Mighty Foam’ is a brand, ‘Igloo’ is a brand,” he proudly emphasised. Beyond just marketing, Mr. Ali worked diligently toward the diversification of the company’s product line. “When I came here to work at Sterling Products in 2004, the company was known for being a soap company. We had margarine, detergents, ice-cream, and soap. When I took it over, gradually, a couple of things happened. One was we invested heavily in modernising some of the equipment we had in all the plants. And then of course, we started producing a number of new products over the years including a variety of different ice-cream products, we introduced a yougurt line using a brand new yogurt plant we brought in, and we extended the detergents from powders to liquids. Of course, with COVID, we had to get sanitisers so the company expanded significantly.”
Today, the company’s products occupy about 70 percent of the domestic market share. Meanwhile, the Igloo brand is being exported to five Caribbean territories. The Sterling brand has also become engrained in Guyanese cuisine and tastebuds to the extent that a market developed in the United States, with the Golden Cream Margarine and other products being exported on the eastern seaboard of the U.S. Naturally with this level of growth, the distribution channels and mechanisms had to be adjusted. “In 2004, we probably had about 10 or 12 trucks. Now, we have almost 35 vehicles distributing our products Because of the extension of the product line and the increase in business,” he explained. In order to arrive at this place, there were some strategic decisions made—one was to transition from solely distributing to wholesalers to also selling to retailers. “We don’t depend on wholesalers to sell our products. So, we sell directly to retail. So supermarkets, Chinese stores, mom and pops shops, convenience stores, we sell directly to them. And that has been one of the reasons why our business has gone up significantly,” Mr. Ali highlighted. His commitment to development was not just evidenced by the expanded product line but the revenue trajectory that followed. “The sales revenue in 2004 to the sales revenue now has almost quadrupled,” Mr. Ali stated.
Challenges and Successes
Navigating Challenges, Celebrating Successes
Former U.S President John F. Kennedy, is attributed as saying, “When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” This statement lends itself to a powerful position on true leadership. Ever the epitome of an innovative and strategic leader, Mr. Ali has been tenacious in executing his vision and plans—and challenges to not deter him. Faced with an obstacle in the form of unreliable energy—a sore point for the manufacturing sector—he opted to rely on 24-hour generators, bearing the heavy cost. Following closely is the issue of inadequate human resources. “The biggest challenge we have right now in Guyana is human resources. Entry-level people, you can’t find them anymore. It’s very difficult to find factory attendants and persons to work on the delivery trucks. So that’s a big problem for us.” The solution was to make Sterling Products Limited an employer of choice. “What we have to do is we have to pay better wages, better salaries, better work conditions on the whole,” Mr. Ali noted. we sell directly to them. And that has been one of the reasons why our business has gone up significantly,” Mr. Ali His commitment to development was not just evidenced by the expanded product line but the revenue trajectory that followed. “The sales revenue in 2004 to the sales revenue now has almost quadrupled,” Mr. Ali stated.
Challenges and Successes
Navigating Challenges, Celebrating Successes
Former U.S President John F. Kennedy, is attributed as saying, “When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” This statement lends itself to a powerful position on true leadership. Ever the epitome of an innovative and strategic leader, Mr. Ali has been tenacious in executing his vision and plans—and challenges to not deter him. Faced with an obstacle in the form of unreliable energy—a sore point for the manufacturing sector—he opted to rely on 24hour generators, bearing the heavy cost. Following closely is the issue of inadequate human resources. “The biggest challenge we have right now in Guyana is human resources. Entry-level people, you can’t find them anymore. It’s very difficult to find factory attendants and persons to work on the delivery trucks. So that’s a big problem for us.” The solution was to make Sterling Products Limited an employer of choice. “What we have to do is we have to pay better wages, better salaries, better work conditions on the whole,” Mr. Ali noted.
Directly linked to the production process are the raw materials utilised by the company, Mr. Ali highlighted, saying, “Almost everything we produce is imported. Almost everything, all the raw materials and packaging we use in this company are imported. So, with shipping costs going up and raw materials, we are dependent too much on sources outside.” To counter this issue, the company has relied on a local content approach. “We just started getting more companies producing raw materials for production… For example, the ice cream products, we try to get most of the local fruits we buy right here. We try to support as much local companies to produce packaging for us. But still, it’s still a challenge,” he said candidly.
A Vision for Sustainable Growth
Despite the challenges, Mr. Ali remains optimistic about what the future hold—not only for the company but for the country. This perspective stems from the ongoing infrastructural development and current investment landscape. He posited, “Guyana, we are in a great position. Local companies are in a great position. One, the energy cost is going to go down because of the Gas-to-Energy project.. That’s going to be a great opportunity for companies to save money and have reliable electricity. Secondly, and just as important, is the fact that there are more people living in Guyana…so consumption is increasing.” With this increase in population, Mr. Ali is certain that the demand for products will follow suit and that will result in the growth of companies such as Sterling. “I believe in the next 10-20 years, manufacturing in the whole of Guyana is going to take off with unprecedented numbers. You’re going to have more people coming into Guyana to set up manufacturing plants. You’re going to have new foreign partnerships here. Energy is going to be a big thing in Guyana, we know that. There will be more people living here. There will be more consumption here. So, all those will lend to significant increases in our businesses.”
This is a projection that he is confident in, so much so that Sterling has opted to get ahead of the curve and further invest in its resources to meet the predicted demand. “We’re just putting up a brand new plant for our detergent line—a state of the art plant. It’s going to be ready in two years,” he revealed. Added to that, he said that Sterling is further diversifying its product portfolio by casing new product lines to include premium products that complement their existing offerings. “I can see Sterling being one of the most innovative companies. Because most of the equipment we have are now state-of-the-art equipment. And of course, the new plant we’re going to build. It’s not going to be as labor intensive as it is right now. Simply because it’s a modern plant,” he continued.
Building a Better Community
Even as he spends his days propelling the expansion of Sterling, Mr. Ramsey still allocates time and energy to the development of small business, particularly women-led operations. It is both a personal and professional undertaking—a passion that aligns with his role of President of the Guyana Manufacturing and Services Association (GMSA). “One of the things that I am very proud of in the years that I’ve been here is our investment that we have made in Corporate Social Responsibility. And we have embraced a number of small businesses, especially businesses owned by women, which encompasses my role at GMSA. I have personally put that effort into helping small businesses develop and people have moved from one level to the next through our CSR,” Mr. Ali iterated.
The Business Management expert is keen on supporting the development of small businesses by empowering them with the skills necessary to establish, market, and grow their products and services. These efforts led to the birth of ‘Uncapped Marketplace’ in 2017—an event that sees local agro-processors as well as craft vendors marketing their products to the public. This event, which usually attracts hundreds of patrons, was the brainchild of Mr. Ali. Similar capacity building support is also extended to suppliers of the company. The company’s approach of vertical integration sees their suppliers receiving advance funding for crop preparation, as well as training in quality control, marketing, and packaging. Sterling also recently signed on to support Conservation International’s project for the development of Indigenous Peoples and Local Communities.
It is this same level of interest and commitment that has been extended to the Sterling workforce. “We invest heavily in our employees. Through the pension scheme, for example, employees are allowed to borrow money from that scheme for education, for health issues, for housing issues. They don’t have to wait until they retire before they can get access to the money. We create a system here where they can access money from their pensions during their stay here,” he stated.
Apart from his commitments to Sterling and GMSA, this inspirational business leader wears several other hats—Vice President of the Scout Association of Guyana, Vice President of the Georgetown Cricket Club, Chairman of the Board of Directors for the Guyana Book Foundation, and Vice Chairman of the Consultative Association of Guyanese Industry. He also serves on the boards the Institute of Private Enterprise Development, St. Joseph Mercy Hospital, and the Guyana Responsible Parenthood Association, and previously held the post of President of the Guyana Cricket Board and Vice President of the Georgetown Cricket Club. Juggling multiple roles, while being a husband and father of two requires a high degree of focus and tenacity. “I work 10-12 hours a day. That’s something I’m not accustomed to. I like it. It keeps me going. I’m used to it. So, you developed ways in order to balance everything,” he stated.
Mr. Ali is enthusiastic about contributing to the development of the manufacturing sector, and he is confident in the opportunities that the country’s current pace of development will unearth. He encourages entrepreneurs and those mulling entrepreneurship to tap into the mounting potential. “Opportunities in Guyana that we have now, Guyan has never been here before. The opportunities are immense. You just have to align yourself with what’s going on. The Government of Guyana is spending and will continue to spend in areas of transformational projects, investment in every area—Education, health, capital projects, all over the country. Your company must be able to find somewhere in here to benefit from that,” he expressed confidently. In fact, he pointed to the growth that Sterling has experienced, resultantly from the oil and gas industry—with Sterling’s products being consumed offshore, onboard the Floating Production Storage and Offloading vessels. He urged, “More people are going to come here. Money is going to be spent by the government. You need to find yourself the ways and means in which your company can benefit. Look for the opportunities where your company can benefit from the expansion and the increased spending of government.”
An astute businessman with a keen eye for opportunities and a passion for investing in people, Ramsay Ali is a proponent for upward mobility and the expansion of Guyana’s manufacturing sector. His sterling contributions to both the company and the country are reflective of his patriotism and passion for what he does, and this was recognised in 2017 when he received a national award—the Golden Arrow of Achievement. With over four decades of experience and a track record of success, he continues his energetic dedication both Sterling Products Limited and the manufacturing sector with zest.
The Company my business simplify
Experience the Future of Business with Brava in Guyana
Brava, GTT’s business solutions arm, has demonstrated its commitment to providing much more than cutting-edge business solutions and top-tier cybersecurity services.
Brava is a next-generation solutions provider focused on simplifying business operations by streamlining technology and delivering solutions that enable evolution and adaptability for businesses of all sizes. Unlike other business solutions providers, Brava aims to become a partner, allowing enterprises to focus on growing their business while ensuring their tech runs smoothly.
The company simplifies business operations through four dynamic areas of expertise:
• Brava Connect: Next-generation connectivity solutions designed to keep businesses seamlessly connected.
• Brava Stronghold: Comprehensive cybersecurity services to protect businesses from evolving cyber threats.
• Brava Cloud: Cloud and infrastructure services offering scalable and flexible solutions for business needs.
• Brava Synergy: Unified collaboration and productivity tools to enhance team efficiency and performance.
These solutions aim to proactively connect and protect businesses, foster collaboration, boost performance, and enhance network resilience, all while tailoring internationally recognized solutions specifically for Guyana.
Brava aims to connect the businesses it serves with other markets where it is present and with the best providers in the world. This approach allows small, medium, and large businesses to learn from other experiences and access the best business cases and solutions.
And in its commitment to connect, protect, and support the evolution of its customers’ businesses, Brava has created specific packages that adapt to customers’ needs and provide exclusive benefits. Also, it has created educational content like the Brava Talks video platform, which offers key learnings on how to take businesses further while highlighting the unique technological challenges of the Caribbean Region. These videos are available on Brava’s YouTube channel, @BravaSolutions.
We are dedicated to empowering companies of all sizes in Guyana with top-tier solutions, ensuring their businesses not only thrive but also evolve and grow.
To arrange a consultation tailored to your business needs, please email us at business@brava.solutions
INVESTOR’S ROAD MAP
Investing made easy
RESEARCH AND RISK ASSESSMENT
Preliminary research has brought Guyana’s many wonderful attributes into clear focus to the extent that a potential investor can now readily contemplate setting up a business here. The next step in the research process is to gather the information needed to ensure the investment decision is worthwhile and feasible. The following sources provide the solid starting point to consult and gather the information to make a confident decision. They include:
• GO-invest: Guyana’s main investment agency
• Your country of origin’s embassy, high commission or consulate offices
• Chamber of Commerce or sector-specific organisation
• Business investment consultancies and accounting firms
• Guyana Americas Merchant Bank Inc.
• National budgetary presentations, as prepared by Guyana’s Ministry of Finance
• The table below summarizes a body of Guyana Law that is most relevant to investment-related business activity in the country.
The table below summarizes a body of Guyana Law that is most relevant to investment-related business activity in the country.
Guyana Laws Relevant to Investment Activity
LAND SITE SELECTION
Once investors and potential business partners are confident and satisfied that Guyana is an ideal location for the business start-up, the focus turns to the real estate and land market for setting up the office and operations. Guyana has qualified real estate brokers to consult for this purpose. Foreign investors also are treated in the same manner as domestic investors when acquiring or leasing land.
PRIVATE LAND
Private property in Guyana is registered under two legal forms:
• Transported (governed by the Deeds Registry Act)
• TITLED (Land Registry Act)
For those interested in purchasing private land for operations, the first step is to sign an Agreement of Sales and Purchase with the owner of the property. The agreement should contain the names and addresses of the buyer and seller, the agreed purchase/selling price and the location and description of the property.
Then, investors must secure the services of an attorney to prepare an affidavit to explain the intent and particulars of the purchase. The owner of the priority is also expected to file a similar affidavit.
The agreement and both affidavits are then submitted to the Deeds Registry, which places an announcement in the official gazette of record. Once the documents have been published, the public is allowed 14 days to register any opposition to the sale. Opposition might be based on a claim from someone who indicates the seller owes him some form of payment or compensation obligation or there is an existing lien on the property. If no protest is filed, then the passing of the transport (deed) is processed in two months’ time.
For titled land, the process is the same except that the transaction does not have to be filed for gazette publication. Also, any contention from an outside party would be lodged with the Lands Registry. It is advisable that buyers check in advance with the Registry to verify if any claims have been made on the property in question.
In Guyana, the State Lands Act (62:01) and the Land Development Act (59:01)govern the acquisition or leasing of government owned land.
GOVERNMENT OWNED LAND
The process of land identification begins with checking its availability and zoning status with Guyana’s Land and Surveys Commission (GLSC). If the land is available, an inspection is requested and one half of the fees are paid up front. A GLSC officer visits the site and completes an inspection report so that the application form for lease can be successfully completed and submitted to the respective regional GLSC office.
If the application meets the minimum information standard required, the filing fee is paid and the application is then forwarded for review by various regional and public agencies. If no objections are received, the application is forwarded to the GLSC’s head office, where the Management Information Unit reviews and verifies the application before it is sent to a processing unit for a confirming round of verifications. The final schedule is prepared and submitted to the GLSC Commissioner who then forwards the package to the President and the GLSC board chair for final approval. If it is approved, the final lease is prepared and granted.
ENTRY AND REGISTRATION
Visas and Work Permits
In Guyana, the Immigration Services Department of the Ministry of Home Affairs is responsible for visas and work permits. The Ministry has an updated list of countries who nationals require a visa that can be found at www.moha.gov.gy or via email at homin@guyana.net.gy for queries or additional information.
For short term visits, individuals can apply for a visitor’s visa, which is valid for an initial 30 days and can be extended by immigration officials for two additional one-month periods.
For longer term stays, business representatives and investors can apply for business visa good for five years, which can also be extended with official approval as necessary. Individuals and companies can apply for work permits and employment visas, respectively.
Business Registration
Businesses can legally register with the Deeds Registry in one of the following forms and statuses: single owner proprietorship, partnership or incorporated company. The Business Names (Registration) Act and the Partnership Act govern sole proprietorships and partnerships, respectively, and the Companies Act covers the registration of an incorporated business.
Incorporation
Incorporation involves more time than registering an unincorporated company and submitting the required articles of incorporation which should include the following items:
• The proposed name of the company
• The proposed address of the registered office in Guyana
• The classes and any maximum number of shares that the Company is authorised to issue
• If there will be two or more classes of shares, the rights, privileges, restrictions, and conditions attaching to each class of shares must be specified
• Minimum issue price in respect of shares or classes of shares
• Number of directors; minimum/maximum number of directors
• Restrictions on the type of nature and business the company may carry out, if any
• The names, addresses, occupations and signatories of incorporators
• Statements naming the first directors and secretary and their consent to serve
• Investors also should take note that individuals younger than 18, or who have an undischarged bankruptcy, or who have been determined by a court to be incapacitated in terms of making legally binding business decisions cannot be involved in the incorporation process.
After the articles of incorporation have been submitted, the fees due will be calculated. With issues such as a name that actually is a previously reserved name for another company, the applicant will be notified and directed to change the name.
Fees are due at the completion of the application, which is then forwarded to the company division of the Business Registry. In two to three days, the certificate of incorporation is ready to be uplifted, which represents conclusive proof of incorporation of the company named in the certificate and the date of its incorporation.
Foreign Firms
There are special provisions for firms incorporated outside of Guyana, or what are called “external companies” in the Company’s Act. Additional information and documentation must be filed including the country within which the company was incorporated; its name, manner of incorporation, corporate instruments and the extent to which the liability of the shareholders/members of the company is limited. There is also a different fee structure.
Trade Mark Registration
For companies needing to protect specific trade names, invented words and other distinctive marks, an application to the Registry of Patents, Designs and Trade Marks is required. The Registry will check for any previously registered trademark for similarities and if none is found, it will be published in the gazette for public scrutiny. After one month, if there are no contested issues filed, the applicant will be approved for a certificate of registration, which is good for seven years and can be renewed indefinitely every 14 years thereafter. For ease of navigating the registration process, it is strongly recommended that investors utilize the services of an attorney licensed to practice in Guyana.
REGISTRATION WITH TAX AGENCIES
The next step is to register the newly formed company with the statutory tax agencies, namely Guyana Revenue Authority (GRA), the National Insurance Scheme (NIS) and the respective municipal authorities.
GRA
All firms must register with the GRA to receive a Taxpayer Identification Number (TIN) which is required to conduct business with any government and public entities. To apply, representatives can complete registration at GRA Headquarters at 200-201 Camp Street, Georgetown or at any GRA Regional Office in Guyana.
The GRA collects taxes of the following types: value added, income, corporation, property, capital gains, professional fees, withholding premium, travel voucher, environmental and excise.
NIS
All firms must also register with NIS, the national social security organization, to obtain a unique registration number. The application process can be readily completed at any NIS office.
Companies must file monthly contributions for their employees. Self-employed individuals must also file monthly returns on their earnings. The total contribution is calculated at 14 per cent of the actual wage/salary paid to the employee is derived by a 5.6 percent deduction from the employee’s pay and the remaining 8.4 per cent portion by the employer on behalf of the employee.
The actual wage/salary is, at present, subjected to a ceiling of $GY158, 159 per month ($GY36, 498 per week).
The self-employed person contributes 12.5 per cent of his/her declared earnings as contributions.
Municipal Authorities
There are six municipalities in Guyana: Georgetown, Anna Regina, New Amsterdam, Corrivertown, Rose Hall, Linden. Companies are required to pay the duly outlined rates and taxes, including property taxes. Companies can register at the respective municipal office.
FINANCING
There are several options for locally based financing in Guyana. Guyana has six private commercial banks with operations spread throughout the country.
• Republic Bank
• GBTI
• Demerara Bank
• Citizens Bank
• Bank of Baroda
• Scotia Bank
These banks provide many services with loan interest rates averaging around 11 per cent.
SITE DEVELOPMENT
At this stage, the investor and business principals are ready to develop the acquired land or property to establish operations. This process, as standard in any country, entails key steps, approvals and permits. In Guyana, the process includes the following:
• Find a reputable architect to design and complete architectural renderings of the proposed building. All permits and approvals are contingent upon those blueprints.
• Completed renderings and plans are submitted to the engineers department of the regional municipality or town council for review and approval. The review encompasses factors including spacing, sanitation and disposal facilities, drainage, boundaries, lighting, ventilation, structural soundness and others.
• Once plans are approved and the Council agrees with the recommendations of the City Engineers, the application is then passed onto the Central Housing and Planning Authority (CHPA). The CHPA will request multiple copies to distribute to various permit agencies, where applicable.
• After CHPA has received notification and approvals from the relevant permit agencies, it approves the plans and returns them to the municipality.
• The municipality then issues a building permit to commence construction. The permit is usually valid for two years.
• Find a reputable construction firm to carry out the project. The architect or the local Chamber of Commerce can recommend few for consideration, as based on specifications.
• Once construction has commenced, a business principal must inform the city engineers department within 30 days from the beginning of construction and again once the construction is completed.
Permit agencies include but are not limited to the following: Guyana Fire Service Department, Occupational Safety and Health Authority, Environmental Protection Agency, Food and Drugs Department, Public Health Department and Guyana National Bureau of Standards.
UTILITIES
During before or after construction, utility services can be established and coordinated through the following entities: The Guyana Telephone & Telegraph Company Ltd. (GT&T), Digicel and E-Networks for landline, phone, voice, cellular connections and data.
There are also other providers of Internet connectivity that can be found in the yellow pages of the GT&T telephone directory or by contacting the local Chamber of Commerce.
Other important utility providers include the Guyana Power & Light Inc. (GPL) for electricity, the Guyana Water Inc. for water. For businesses in Linden, there is the Linden Power Company that supplies electricity.
IMPORTATION OF GOODS AND MATERIALS
All items imported for the new business must pass through the Customs Department of the Guyana Revenue Agency (GRA). While one can navigate this process without assistance, a registered customs broker can prove effective in expediting the process, saving time and money.
For individuals pursuing process independently, the required documents include bill of lading/airway bill, invoice, completed declaration (Form C 72), Taxpayer Identification Number (TIN), and permits and licenses, as applicable. Other documents to support the transaction (i.e. valuation) should be attached.
The process includes the following steps:
The importer, consignee, broker and agent lodges the required documents for vetting at the customs lodging area in GRA’S headquarters. If documents are not in order, they are returned to the importer, consignee, broker or agent for required revisions. A lodgement number is assigned to the completed set of documents and the entry will then be processed usually in one day, but may take up to three to five days, especially for a large shipment of multiple items.
If the payment is greater than $GY30,000, the importer, consignee, broker or agent is issued an assessment notice which is paid at the office where tax assessments are satisfied. After payment, the broker or investor receives official receipts and copies of the entry before proceeding to the Transit Shed (T/Shed), where the goods are stored and the shipping agent will release the goods once the receipts and entry are presented for claiming the shipment. The officer-in-charge arranges for the transferring of goods to be examined prior to final release. The physical goods inventory is checked against items listed in the invoice. As experienced investors soon discover, the customs protocol in Guyana is similar to many other countries. Rather than inspecting every single item in a claim lot, customs officers employ risk-profiling techniques in which random checks may be conducted even if the risk profile is low for a particular item. The percentage of items to be examined is determined by criteria identified in the Total Revenue Integrated Processing System (TRIPS).
Once all documents and inspections have been completed, the importer, consignee, broker or agent obtains delivery of the goods and the documents are stamped for release.
INSURANCE
Insuring investor and owner assets is an important part of the business start-up process and Guyana offers several channels for handling insurance needs. These include the Guyana & Trinidad Mutual Fire & Life Insurance Companies (GTM), the Hand-in-Hand Group of Companies, North American Life Insurance Company Limited, Demerara Mutual Assurance Society, CARICOM General Insurance Company and Assuria Life Inc. Companies unfamiliar or unsure about which firm to use for insurance needs are encouraged to contact a well-known insurance brokerage firm.
HIRING EMPLOYEES
Guyana’s workforce is advantageous for its youthful energy, its large skills base in a variety of agricultural and manufacturing industry sectors and its capacity to adapt to and adopt technologies that are critical to today’s economies. Job postings are most widely disseminated in local newspapers and their popular classified advertising sections, especially for quick response from qualified applicants. The country’s daily newspapers include Stabroek News, Kaieteur News, Guyana Times and Guyana Chronicle.
Another option is to procure the services of a local recruitment agency and some accounting firms coordinate and facilitate activities for hiring. The local Chamber of Commerce and Guyana Ministry of Labour do effective advocacy for identifying solid job candidates.
GRAND OPENING
As in many other countries, when all of the steps have been completed in preparing a new business, Guyana’s communities enthusiastically celebrate a grand opening.
There are professional marketing and public relations agencies which can facilitate event planning but in instances where cost management is important, key business personnel can do much to plan their own grand openings.
GUYANA MARRIOTT HOTEL
GEORGETOWN
Block Alpha
Kingston
Tel: (592) 231 2480
STATUS INTERNATIONAL HOTEL
102-109 Sandman Place & Croal Street
Stabroek
Georgetown
Tel: (592) 227 7606
BRANDSVILLE
88-90 Pike Street
Section M
Campbellville
Tel: (592) 226 1133
OPUS INTERNATIONAL
HOTEL
48 Croal Street
Georgetown
Tel: (592) 223 0264
EL DORADO INN
295 Thomas & Quamina Streets
Georgetown Tel: 225-3966
PEGASUS HOTEL
Tel: (592) 225 3966
Sea Wall Road
Kingston Tel: (592) 225 2853
KING PLAZA HOTEL
45 Main Street
Georgetown
Tel: (592) 225 7775
TOURIST VILLA
95 Fifth Avenue
Subryanville
Georgetown
Tel: (592) 227 2199
ARUWAI WHITE H20 RESORT
Lower Mazaruni
Bartica
Tel: (592) 225 7517
PLACES TO STAY
MILLENIUM MANOR
43 Hadfield Street
Georgetown
Tel: (592) 223 0541
RORAIMA DUKE LODGE
94-95 Duke Street
Kingston
Tel: (592) 231 7220
OCEAN SPRAY INTERNATIONAL HOTEL
46 Stanley Place Kitty Georgetown
TOWER SUITES
Tel: (592) 227 3765
74-75 Main Street
Georgetown
Phone: (592) 231 4728/9, (592) 225 2222
PARK VUE HOTEL
32 Track ‘A’
Farm
East Bank Demerara
Tel: (592) 265 0058
SLEEPIN GUEST HOUSE, BAR & CAR RENTAL
151 Church Street
Georgetown
Tel: (592) 231 7667
REGENCY SUITES
98 Hadfield Street
Georgetown
Tel: (592) 226 0550
BAGANARA ISLAND RESORT
Evergreen Adventures
Ogle Int’l Airport
Tel: (592) 222 2525/222 8053
TROPICAL VIEW
INTERNATIONAL HOTEL
33 Delph Street
Campbelville
Georgetown
Tel: (592) 227 2217
HERDMANSTON LODGE
65 Peter Rose & Anira Street
Queenstown
Georgetown
Tel: (592) 225 0808
RORAIMA RESIDENCE INN
R 8 Eping Avenue
Bel Air Park
Georgetown
Tel: (592) 225 9648
GRAND COASTAL HOTEL
Lot 1 & 2 Area M
Plantation Le Ressouvenir
East Coast Demerara
Tel: (592) 603 4771
KANUKU SUITES
Tel: (592) 220 1091
123 Section M
Campbellville
Georgetown
Tel (592) 226 4001
CARA LODGE
294 Quamina Street
Georgetown
Tel: (592) 225 5301
SPLASHMINS RESORT
Linden Soesdyke Highway
Tel: (592) 223 7301
ARROWPOINT RESORT
94 Duke Street
Kingston
Tel: (592) 231 7220
SLEEP INN INTERNATIONAL HOTEL
24 Brickdam
Stabroek
Georgetown
Tel: (592) 227 3446
THE NEW THRIVING RESTAURANT
32 Main Street
Tel: (592) 225 0868/225 0195
AAGMAN INDIAN RESTAURANT
Top floor, 28 A Sheriff Street
Campbellville
Tel: (592) 219 0161
ANTONIO’S GRILLE
96 Hadfield St.
Georgetown
Tel: (592) 623 8070
AROMA’S CAFÉ & EL DORADO RESTAURANT
Pegasus Hotel
Seawall Road
Tel: (592) 225 2853
BOTTLE BAR AND RESTAURANT - CARA LODGE
294 Quamina Street
Georgetown
Tel: (592) 225 5301-5
CAFÉ TEPUY - RORAIMA
RESIDENCE INN
R8 Eping Avenue
Bel Air Park
Georgetown
Tel: (592) 225 9647-8
TERRA MARE RESTAURANT
Guyana Marriott Hotel
Block Alpha
Battery Road
Kingston
Tel: (592) 231 2480 / 231 1870
SUCRE RESTAURANT AND BAR
Herdmanston Lodge
65 Peter Rose & Anira Streets
Queenstown
Georgetown
Tel: (592) 225 0808
PLACES TO EAT
ROYAL RESTAURANTTEPPANYAKV/ SUSHI
Ramada Georgetown
Princess Hotel
Providence
East Bank Demerara
Tel: (592) 265 7004 Ext 123
OASIS CAFE
125 Carmichael Street
Georgetown
Tel: (592) 226 9916, (592) 227 0121/2
GERMAN’S RESTAURANT
Lot 8 New Market & Mundy Sts
Georgetown
Tel: (592) 225 3972 | (592) 227 0079
MAHARAJA PALACE
207 Sheriff St.
Georgetown
Guyana
TEL: (592) 219 4346
BISTRO CAFE & BAR
176 Middle & Waterloo Streets
Georgetown
TEL: (592) 226 1612
BISTRO WINE & CHAMPAGNE BAR
MovieTowne Mall
Rupert Craig Highway
East Coast Demerara
TEL: (592) 650 2777
PALM COURT RESTAURANT & BAR
35 Main Street
Georgetown
TEL: (592) 227 008/9
BRAZIL CHURRASCARIA & PIZZARIA
208 Alexander Street
Lacytown
Georgetown
Tel: (592) 225 6037
OMG RESTAURANT
Sheriff Street & Campbell Avenue
Georgetown
Tel: (592) 227 8839/40
MAGGIE’S SNACKETTE
224 New Market Street
Georgetown
Tel: (592) 226 2226
WINDJAMMER INTERNATIONAL
CUISINE
27 Queen Street
Kitty
Georgetown
Tel: 592 227 7478, 226 3407, 231 7044
JAVA COFFEE BAR
80 Duncan Street
Newtown
Tel: (592) 227 0772
THE VILLAGIO RESTAURANT & BAR
Giftland Mall
Turkeyen
East Coast Demerara
Tel: (592) 659 5050
PETIT FOUR
Lot 160 Waterloo Street
Georgetown
Tel: (592) 227 8812
PLAYLAND ITALIANO FAMILY RESTAURANT
70 Park Street
Enterprise
East Coast
Demerara
Tel: (592) 229 7100
HARD ROCK CAFÉ GUYANA
MovieTowne Mall
Turkeyen
East Coast Demerara
Tel: (592) 502 4736
JAXX INTERNATIONAL
GRILL-GUYANA
MovieTowne Mall
Turkeyen
East Coast Demerara
Tel: (592) 502 9754
PARC RAYNE
Rahaman’s Turn
Houston
East Bank Demerara
Tel: (592) 225 3763
CAFÉ BELLVANA
64 Middle & Main Sts.
Georgetown
Tel: (592) 231 8749
BACKYARD CAFÉ
West Ruimveldt
Georgetown
Tel: (592) 663 5104
MADD TEA CAFÉ
MovieTowne Mall/ Amazonia Mall
Tel: (592) 653 6511; 690 2065
NUTRITION CAVE 592
242 Albert Street & South Road
Georgetown
Tel: (592) 685 1881
SABOR RESTAURANT
110 Barrack St.
Kingston
Georgetown
Tel: (592) 694 3687
THAI EXPRESS GUYANA
Lot 2 Mandela Avenue
Georgetown
Tel: (592) 505 8846
Camp & Charlotte Streets
Georgetown
Tel: (592) 502 1069
DAVE & DANNY’S WAFFLE HOUSE
DINER & SPORTS BAR
Sheriff Street
Georgetown
Tel: (592) 227 8576
STARBUCKS GUYANA
Amazonia Mall
Block M Providence
East Bank Demerara
JAXX INTERNATIONAL GRILL-GUYANA
MovieTowne Mall
Turkeyen
East Coast Demerara
Tel: (592) 502 9754
PARC RAYNE
Rahaman’s Turn
Houston
East Bank Demerara
Tel: (592) 225 3763
CAFÉ BELLVANA
64 Middle & Main Sts.
Georgetown
Tel: (592) 231 8749
BACKYARD CAFÉ
West Ruimveldt
Georgetown
Tel: (592) 663 5104
MADD TEA CAFÉ
MovieTowne Mall/ Amazonia Mall
Tel: (592) 653 6511; 690 2065
NUTRITION CAVE 592
242 Albert Street & South Road
Georgetown
Tel: (592) 685 1881
SABOR RESTAURANT
110 Barrack St.
Kingston
Georgetown
Tel: (592) 694 3687
THAI EXPRESS GUYANA
Lot 2 Mandela Avenue
Georgetown
Tel: (592) 505 8846
Camp & Charlotte Streets
Georgetown
Tel: (592) 502 1069
DAVE & DANNY’S WAFFLE HOUSE
DINER & SPORTS BAR
Sheriff Street
Georgetown
Tel: (592) 227 8576
STARBUCKS GUYANA
Amazonia Mall
Block M Providence
East Bank Demerara
NIKKEI GUYANA
3 Sandy Babb St.
Kitty
Georgetown
Tel: (592) 620 3588
AMICI GUYANA
301 Church St.
Georgetown
Tel: (592) 708 9888
P.F. CHANG’S
57 High Street
Kingston
Georgetown Tel: 592-610-0523
SHALLY SEAFOOD RESTAURANT
2 George & Norton Sts.
Newburg
Georgetown
Tel: (592) 504 5153
YUGO NOODLES
MovieTowne Mall
Rupert Craig Highway
East Coast Demerara
Tel: (592) 702 8560
SCOTTY’S SMOKE HOUSE
8 Liliendaal
East Coast Demerara
Tel: (592) 620 9750
DEJABREW
143 Fifth St.
Alberttown
Georgetown
Guyana Tel: 674-4199
GCCI MENU OF SERVICES
Member-to-Member Discount Program
The Chamber, through its member-to-member discount program, is committed to helping its members cut costs and save money whenever possible in a dynamic economic environment. Designed to enhance your membership value, this is a programme where every one benefits: you extend special benefits to other GCCI members for your business, and you are able to take advantage of the same special benefits being offered by other members.
Advertising Online Website
The Chamber is pleased to launch its online advertising service. The primary purpose of this service is to give our members, and the general business community the opportunity to advertise their businesses and services all year round at competitive prices.
Email Promotion
Members are afforded the opportunity to have achievements, services, products or general company advertisements shared en mass to the entire membership database of over 700 members.
Certificates of Origin
Business Guyana Magazine
The BGM is an investor’s guide to doing business in Guyana. It gives a holistic view of Guyana and its business sectors which promotes Guyana as the first choice for trade and investment in the local, regional, and international markets.
Details of the Publication:
• 8.5” x 11”
• Full-colour
• 120+ pages
• Ads from 45,000 GYD to 500,000 GYD
• Physical circulation of 3500
• 100,000 online hits
Event Sponsorship
Several of the GCCI’s special events feature sponsors. Sponsors receive various forms of marketing and publicity benefits ranging from physical branding at events to online ads on our website.
Counter Top Marketing
Bring your business cards and brochures to the Chamber office for display at the front counter. It is a great way to market your business to anyone who visits the Chamber.
The Chamber authorizes Certificates of Origin to local businesses for the purpose of facilitating trade around the world. A Certificate of Origin is a document attesting that goods exported in a shipment have been wholly obtained, produced and manufactured or processed in a particular country.
Event Collaboration
Chamber events offer a wonderful chance to expand your network by connecting with our members, industry leaders, and experts! Let us collaborate to expand you circle and gain new customers:
• Collaborating with companies to host meetings, conferences, workshops, and seminars.
• Organizing meetings, conferences, workshops, mixers, cocktails, etc. And providing the opportunity for members to Sponsor.
Trade & Investment Development Opportunities
The GCCI offers Trade and Investment Development activities such as:
• Organisation of trade and investment missions
• Arranging meetings between visiting trade delegations and members
• Organizing trade fairs and exhibitions, or coordinating members’ participation in overseas fairs and exhibitions.
Business Referrals
The secret to great business networking is establishing a mutually beneficial relationship. Building a strong network is essential to companies and executives to survive. The GCCI receives numerous requests for services daily, and will always recommend its members to businesses first.
Government Relations Association
The Chamber is involved in Government Affairs. This is because Public policy affects the members, hence, the need for elected officials to hear from the Chamber as the voice of the business community. The Chamber acts as the liaison between the membership and the Government.
Participation in sectoral planning and policy making is seen primarily as an activity carried out at the level of local, regional or central government, leading to changes in legislation, incentives, policies, etc. affecting businesses. Under the Advocacy and Governance Committee, the Chamber does the following:
• Articulate members’ concerns in a unified voice attracting policymakers’ attention.
• Meet regularly with decision-makers to discuss key policy issues and establish channels of communication and close working relationships with their staff.
• Provide sound policy-relevant information to policy-makers so that they may start automatically turning to business associations for policy advice.
• Engage in both proactive and reactive advocacy (help to set the policy agenda by voicing concerns and proposing specific policies as opposed to only reacting to proposals already on the table).
• Keep abreast of imminent and current policy proposals so that they can thoroughly examine the issue and prepare a sound policy response.
• Help prevent frequent changes to the business-related legal and regulatory framework that scare away investors and hinder entrepreneurship.
• Monitor implementation of advocated policies to ensure that they are administered fairly, consistently, and swiftly, thereby strengthening the rule of law.
• Publicize successes to “brand” the association as an active agent of positive change.
Job Bank
The Chamber currently has a Job Bank on its website which allows members to list vacancies in their businesses/ organizations for free. This Job Bank will be scaled up to a full blown Job Portal.
Private Sector Updates
The chamber Provide regular updates on employment legislation and business regulation to members. Provide members with information on all local, regional and international trade related matters of relevance. Sourcing and distributing statistical information and relevant data on trade and industry, imports and exports, manufacturing processes and finance. Answering queries of a general nature from third parties.
Boardroom Rental
The Chamber’s boardroom is available for use by Chamber members and other individuals who need a professional setting for meetings during normal Chamber business hours (8 a.m. – 4.30 p.m., Mon-Fri), after business hours (5.00 p.m. – 9.00 p.m. Mon-Fri) and weekends (9.00 a.m. – 2.00 p.m., Sat-Sun). This service is offered at a cost, which is dependent on a number of factors. To inquire about the rental of our boardroom, feel free to contact us.
Advocacy
Private Sector Updates
While Corporate Social Responsibility means different things to different companies, it can be broadly defined as the concept that corporations should voluntarily commit to, i.e. ethical, responsible business practices, reflecting the interests of all stakeholders in the company’s policies and actions. Key areas of concern include but are not limited to employee relations, environmental stewardship, community outreach, and corporate governance.
The Chamber supports activities outside its ‘core work’, engaging with organizations from various social sectors and communities. We aim to use our links with businesses to promote and encourage community engagement and corporate responsibility.
As any good Chamber of Commerce, Advocacy is a critical part of the work of the GCCI. By keeping a close eye on the Government and its legislative and policy agenda, the Chamber can make an input in the content and substantive design and final output of these processes.
The Chamber adopts rational, informed positions that take account not only of the short-term interests of members and the wider business community but bring to bear a perspective that calls for an efficient, well-researched, and thought-out policy that achieves national goals and objectives with a minimal negative impact on the business, society, environment, and economy.
We at Sol are proud to have been a part of the Guyanese business community for over a decade. As the Caribbean region’s leading provider of petroleum-based energy solutions, we have helped fuel the growth of businesses ranging from small, entrepreneurial startups to large, multi-national corporations in virtually every sector and industry across the Guyanese business landscape.
Sol specializes in commercial, marine, LPG, lubricants and retail fuels. We distribute Shell High Quality Fuels through a network of Shell-branded Service Stations, under a Shell License agreement. We also supply ExxonMobil lubricants under a license agreement for Sol in Guyana. This license agreement provides exciting opportunities for sharing Mobil Lubricants’ technology and innovation with the Guyanese market.
Sol is committed to fueling growth and progress in Guyana with efficient energy solutions that connect, energize and support the business community.
MEMBERSHIP LIST
ACCOUNTING
1. Chateram Ramdihal Chartered Accountants, Professional Services Firm
482. Shakespeare Pharma Ltd Unit 1B Harrison Court Hilton Business Park Hilton Derbyshire DE65 5UR United Kingdom Telephone: +44 7824 357694 01283 730926
665. Source It Enterprise Lot 39 Third Street Alberttown
Georgetown Guyana
Telephone: 6241799
Email: sourceite@gmail.com
666. Xtreme Creative Solutions (XCS)
33 Middle Street Mcdoom
East Bank Demerara Guyana
Telephone: 6513436; 6434266
Website: https://x3mcs.com
667. GUMDAC 41 High and Harel Streets Werk-en-Rust
Georgetown Guyana
Telephone: 592-227-4538
Email: info@gumdac.com
Website: https://www.gumdac.com/
668. AN Pins and Gifts 187 Thomas Street Kitty Georgetown Guyana
Telephone: 6707870
Email: Info@anpinsandgifts.com
Website: www.anpinsandgifts.com
669. Market Magnet 23 B Lyng Street Charlestown Georgetown Guyana Telephone: 6960944 Email: Info@marketmagnetgy.com
MINING
671. A.M.E DEVELOPMENT INC 1253 Block V Herstelling East Bank Demerara Guyana Telephone: 592 656 2131; 501 5180 Email: amedevelopmentinc@gmail.com
672. Atlantic Marine Supplies Inc. Lot ‘C’ Public Road Eccles East Bank Demerara Guyana Telephone: 592-233-2544; 592-233-2551; 592-233-3842 Email: vincent@amsigy.com
673. Battle Green Diamond & Minerals Ent 152 Church & Albert Street Alberttown Georgetown Guyana Telephone: 592-231-7129
674. Crown Mining Supplies Lot 9 North Road Bourda, Georgetown Guyana Telephone: 592-227-0001 227-0002 Website: www.crownmining.com
MEMBERSHIP LIST
670. Itika Social Media Marketing Lot 62 Hadfield Street Lodge Georgetown Guyana Telephone: 6172821 Email: sales@itikasmm.com Website: www.itikasmm.com
675. EKAA Hrim Earth Resources Management Inc. 108 Third Street Alberttown Georgetown Guyana Telephone: 5057800 Website: ekaa.live
721. International Gas and Oil Trading Guyana Inc. 79 Premniranjan Place Prashad Nagar Georgetown Guyana Telephone: 592-660-6282; 703-9923 Email: info@igotgy.com; sales@igotgy.com Website: www.igotgy.com
722. Intertec Inc. 165 Waterloo Street Northcummingsburg
Georgetown Guyana Telephone: 5926996601
723. Ithaca Energy Partners 112 Bonasika Street Section ‘K’ Campbellville Georgetown Guyana Telephone: 592-624-1024
724. Jimcol Resources Nigeria Limited Km 7, Phc Airport-East/West Link Road
Aluu, Port Harcourt Rivers State Nigeria Telephone: 08162395946, 08144378886 Website: www.jimcolresources.com
753. TechnipFMC Guyana Inc. 62 Hadfield Street & Cross Streets Werk-en-Rust
Georgetown Guyana Website: www.technipfmc.com
754. Sispro Inc. 91 Middle Street Georgetown Guyana
Telephone: 592-661-8915
Email: info@sispro.gy
Website: https://www.sispro.gy/
755. DOF Subsea 5365 W Sam Houston Pkwy N #400 Houston Texas USA
Telephone: 592-510-8528
Email: jesse.persaud@dof.com
756. Newrest Guyana Inc. Lot 1 Industrial Site Eccles East Bank Demerara Guyana
Telephone: 592-502-1214
Email: r.vanwijlen@newrest.eu
757. Diamond Ocean Energy Lot 34 Princess Street Wortmanville
Georgetown Guyana Telephone: 673-9461
Email: s.diamond@diamondoceanenergy.com
Website: www/diamondoceanenergy.com
MEMBERSHIP LIST
PEST CONTROL
758. Essential Pest Control & General Services
1627 Farm Phase 2 East Bank Demerara
Georgetown Guyana
Telephone: +592-668-8788; +592-665-1323
PROCUREMENT
761. Centaur Investments Inc. 846 Ficus Street Eccles Block I East Bank Demerara
Guyana Telephone: 500-1696
Email: centaurinvestments2020@gmail. com
762. Diq’qah Construction and Contracting Services Inc. Lot 140 Quamina Street South Cummingsburg Georgetown Guyana Telephone: 622-4106 Email: diq.qah.construction@gmail.com
763. Excel Guyana Inc 158 A, Waterloo Street North Cummingsburg Georgetown Guyana
809. OPSEC International (Guyana) Inc. 176 Charlotte Street Bourda Georgetown Guyana Telephone: 592-231-7482
810. Perfection Services Inc Third Floor 60 Waterloo Street North Cummingsburg Georgetown Guyana Telephone: 1-868-662-2975 Website: www.perfectionservicesltd. com
811. Praetorian Executive Protection Service
158 New Garden Street Queenstown Georgetown Guyana Telephone: 592-623-8007
835. HIAS GUYANA INC. 89 Lanluni Street Queenstown Georgetown Guyana Telephone: 503-4449 Website: https://www.hias.org/
836. Legacy Williams and Campbell Investments 552 Section B Block X Diamond East Bank Demerara Guyana Telephone: 6769333
Diamond East Bank Demerara Guyana Telephone: 5926847538
942. Impeccable Construction & General Supplies 478 Perseverance Providence East Bank Demerara Guyana Telephone: 645-3755 Email: cleanteam592@gmail.com
943. Intercon Guyana Inc. 205 Charlotte Street Lacytown Georgetown Guyana Telephone: +60139226131; 6578666/6162300
944. Inter-Continental Shipping (Guyana) Inc. 7 North Road Georgetown Guyana Telephone: 5925064691 Email: wseecharan@icslguyana. com; info@icslguyana.com Website: ww.icslguyana.com/
945. Interlink Business and Logistics Services 92 Middle Street North Cummingsburg
Georgetown Guyana Telephone: 592-717-3177
Email: Interlinkgy@gmail.com
946. John Fernandes Limited Lot 24 Water Street Georgetown Guyana Telephone: 592-225-6294; 592-226-3241; 592-227-3344 Email: enquiries@johnfernandesltd. com Website: www.jf-ltd.com