GCCI Annual Report 2019/2020

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

ANNUAL REPORT 2019/2020

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

1

CONTENT 04 07 12

GCCI’s Mission, Vision and Values

05

Executive Director’s Remarks

President’s Message

11

GCCI Past Presidents

14

Notice of AGM 2020

20

Engage. Influence. Achieve

36

GCCI in the Media

New Members for 2019/2020

15

129th AGM Proceedings

24

Report of Activities

82

Audited Financial Statements

2

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020 GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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OUR MISSION, VISION & CORE VALUES CHAMBER PROFILE The GCCI is the oldest and largest private sector representative organization in Guyana. Having been established in 1889 it is a member-driven and professionally staffed non-profit association of business people committed to improving the economic climate and quality of life in Guyana. We are legislatively mandated under the Georgetown Chamber of Commerce and Industry Act - Chapter 89:03 of the Laws of Guyana.

The Chamber’s strength lies in the size and diversity of its membership—both large and small businesses from virtually every sector are represented.

MISSION The GCCI represents the voice of the business community in Guyana and strives to advocate policies, stimulate trade and investment, connect businesses, sustain economic growth and expand member opportunities with the aim of contributing to a stable and sustainable economic and social environment in Guyana where businesses can prosper.

VISION • Commitment - The Chamber is in business for business and is committed to preserving a stable economic environment, responding to members’ needs, connecting businesses together, improving prosperity and business opportunities within Guyana.

• Integrity - The Chamber is a non-partisan, open, honest and accountable organisation, which bases its decisions on driving and supporting business development in Guyana. Our members also subscribe to a Code of Conduct in the execution of their operations.

• Courtesy - It remains a core value of the Chamber that the contribution of its Council, its staff and members is valued and appreciated.

• Collaboration - The Chamber values strong working relationships with other agencies and stakeholders.

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

EXECUTIVE DIRECTOR’S REMARKS Colleagues in the private sector, friends of the sector, and Guyana, it is my pleasure once again to address you in my capacity as the Executive Director of the Georgetown Chamber of Commerce & Industry in this, the 130th Annual Report; the report for the period operating year 2019/2020.

Your Chamber continues to be an extremely vibrant and dynamic business support organization, consistently innovating on its mandate and redoubling its efforts to support the business community. This past year, we have grown, over and above any previously imagined heights, onboarding 120 members over the past 12 months – a record number of members. Standing almost 350 members, the Chamber’s composition is a testament to the diversity in size, sector and entrepreneurship in Guyana. From the outset, I would like to thank all members, who continue to engage, support, contribute, comment and critique the work of the Chamber in a constructive and material way. Your contributions are invaluable.

PROGRAMME OF WORK & EXECUTION Over the past 12 months, your Chamber has engaged in an ambitious programme of work broadly focused on private sector development in Guyana. This programme of work has been expansive, including but not limited to: advocacy and lobbying efforts, forums, seminars, workshops, networking events, speaking engagements, hosting inward and outward trade missions, providing branding and marketing opportunities and, private sector development programmes targeted at MSMEs. Throughout this Annual Report, you will note that the volume of work done in each of these areas is immense, particularly when juxtaposed against the size of the Secretariat of the Chamber – 7 staff. Through staff specialization and strong ‘esprit de corps’, the Secretariat is able to ensure that it consistently outputs high level and quality of work on a consistent basis.

At the Chamber, we understand the importance of information to strategic management decisions in the fast-paced contemporary business environment. As such, we have begun to streamline the Chamber, with a specific focus, as a hub for information related to trade, commerce and industry in Guyana. It is this that led to the Chamber creating and filling the post of ‘Trade Officer.’ This will ensure that members receive accurate and timely information for collective and consensual decisions to be made for important matters related to regional and international trade, and for members to be able to access new markets.

In this, our collaboration and working relation with agencies and departments such as Guyana Office for Investment (GO-Invest), Ministry of Business, Ministry of Foreign Affairs and commercial divisions of diplomatic missions are consistently improving. Such an endeavor compounded by faster and more efficient dissemination of information makes membership wholly advantageous and puts our members one step ahead in today’s competitive environment.

PRUDENT FINANCIAL MANAGEMENT Strong internal controls and prudent management allow us to remain a financially autonomous organization. This is critical to us at the Chamber as this enables us to maintain an independent voice for the business community. This year, we report a healthy operating surplus of $7.34M – a 10 percent increase in operating surplus.

This represents a turnaround from a few short years ago where the Chamber was in severe deficit. This robust surplus comes even as the Chamber undertakes larger, more high-profile events. This in particular is a testament to the support by our members who continue to be active, supportive and embracing of the Chamber.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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CHALLENGES IN THE IMMEDIATE FUTURE The external environment influences, to a large extent, the trajectory of the business community’s performance; the Chamber is no different. The Chamber depends on its membership, their performance and, by extension, their support to ensure that it remains viable. The novel Coronavirus at time of penning, provides a challenging environment for businesses as it has caused disruptions to global value chains, physically restricted consumers and generally, declined the pace of commerce globally. This deadly virus, having reached Guyana in recent weeks, has taken lives and continues to afflict pain on the Guyanese population and the world at large. It is my hope that all members of the Chamber, their families and Guyanese stay safe and protect themselves from this virus.

CONCLUSIVE REMARKS In closing, I wish to thank the members of the Georgetown Chamber of Commerce & Industry for their unwavering support and continued dedication. Your commitment plays an important role in private sector growth and, by extension, national development. I also wish to personally thank the staff of the Chamber who continues to make the magic happen, almost like the veritable Rumpelstiltskin, spinning straw into gold. To my dear friends, family and colleagues, thank you for your support. I look forward to an even stronger upcoming year as we seek to grow our Chamber, strengthen Guyana’s private sector and improve our beautiful country.

Richard N. Rambarran Executive Director

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

PRESIDENT’S MESSAGE on the 130th Annual General Meeting of the Chamber

INTRODUCTION It is my distinct pleasure to address you on the 130th Annual General Meeting of the Georgetown Chamber of Commerce & Industry (GCCI). Established by an Act of Parliament, the Chamber enjoys a truly unique feature, in this regard. Your Chamber continues to grow from strength to strength and has, in recent times, redoubled its commitment to innovate on its mandate.

We have worked in the past year to continue what my predecessors started, and to build upon that as we seek to usher in a new era of Guyana’s development – one where the private sector continues to lead as the engine of growth.

As Guyana seeks to build a sustainable, resilient economy in the face of challenges, so too does the GCCI aim to continue its evolution into a diverse organization that thrives in spite of headwinds. I would like to use this opportunity to thank all the members of the GCCI, both new and long-standing members, who continue to support this organization as we drive Guyana’s growth and the nation’s prosperity.

GLOBAL CONTEXT AND GUYANA’S ECONOMY IN 2019 Global economic growth during the year 2019 hovered around 2.9 percent, however Guyana experienced growth higher than the average, with Gross Domestic Product (GDP) growth of around 4.6 percent. The performance of 2019 closed a decade of strong economic performance for Guyana where, the benefits of fiscal consolidation and institutional strengthening of the previous decade, acted as the foundation.

The already strong economic performance, that characterized the first five years of the decade, was bolstered by the discovery of commercially viable quantities of offshore oil reserves in 2015 with Exxon’s Liza-1 discovery. Whilst Guyana’s growth was strong during the first five years, this discovery and subsequent ones, saw Guyana being catapulted, from being regionally known, into international stardom within a relatively short period of time. Having had continued discoveries through to 2019 for a total of 16 discoveries, Guyana now boasts approximately 8 billion barrels of oil as its proven reserve. Further, the momentous ‘first oil’ occasion in January 2020 acted as a milestone, with the shift of the narrative from Guyana as a potential producer to Guyana as an oil producing country when the Liza Destiny lifted her first barrels of oil. Since then the Government of Guyana has exported 1,000,000 barrels of crude for a price of US$55,000,000 and has collected a royalty of approximate US$1,200,000 on the total sales of crude from the Exxon led consortium.

DAMPENING PROSPECTS FOR 2020 Unfortunately, this bright prospect for 2020 has been dampened by developments both domestically and internationally. Internationally, changing tides in the global economy have been abound. These shifts are two-fold and mutually reinforcing. Firstly, there has been a significant reduction in the pace of economic activity due to the novel Corona virus (COVID-19) pandemic. Secondly, prices have collapsed in the petroleum sector as a result of the production war between Russia and Saudi Arabia, as well as collapse in global demand due to the pandemic. COVID-19 is leaving an indelible mark on Guyana and, undoubtedly the world, in fact world statistics at the time of writing are that 2.4 million people are infected, 185,000 deaths and 730,000 recovered. I would like to take a moment to remember all who have lost their lives and their loved ones to this virus which, even up to the time of penning, has no known cure or treatment.

The second phenomenon of the collapse in oil prices, for instance currently a barrel of Brent Crude is trading at US$34.11, serves as an important warning to Guyana to ensure that the economy is diversified, balanced, and not solely dependent on the petroleum sector which can be extraordinarily volatile. As a result of the discoveries of petroleum reserves, Guyana’s economy will undergo a structural change in the near term, as the country transforms from being a net importer of petroleum, to a net exporter. This transformation GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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changes the balance of the equation for Guyana, shifting from a country which benefits from a collapse in oil prices, to one which is acutely afflicted by these collapses. It becomes necessary therefore to ensure that public financial management of the economy is robust in order to avoid a malaise of economic problems that ensue in an environment of weak policy and legislative framework.

Domestically, Guyana has been afflicted by COVID-19 which, in addition to posing an economic problem, is a major public health risk to the Guyanese people. Guyana’s statistics are - 23 people have been infected with 4 persons having died as a result of the infection This public health crisis, unprecedented in its nature in independent Guyana has regrettably coincided with a crisis in the political arena that has afflicted the quality and extent of our national response to the pandemic.

As regards the domestic political crisis, the General and Regional Elections (GRE), held on March 2nd, 2020, continued to face delays in announcing results through subterfuge by actors involved with the Guyana Elections Commission (GECOM). This has pushed the country’s populace to their wits ends of patience and should not be experienced by any country, let alone a state such as Guyana with a history marred by politically related conflict and tension. It is our hope that in the near-term, constitutional reform becomes more than a rallying cry for political parties and is undertaken with zeal and gusto to ensure the protection and preservation of our fledgling democracy. In this regard, it is of extreme importance to note that the GCCI will always stand on the side of the rule of law & democracy.

It is imperative that all Guyanese who desire to live in a prosperous, modern nation be supportive of these fundamental principles and ensure that we never slip into dark days of being a pariah state.

THE CHAMBER In spite of the challenging environment confronting Guyana, the GCCI over the past year, continues to improve its standing and evolve as a Business Support Organisation (BSO). The heart of the Chamber is its membership and, during the past twelve months, the increase in membership stands as a testament to the growing confidence in the representation and services which the Chamber offers.

Over the past year, 2019/2020, the Chamber has added 120 new members, a number unprecedented in the history of the Chamber; and thus, by a great measure of distance, the GCCI is the largest BSO in Guyana, comprising in excess of 340 members. These members continue to benefit from lobbying of the Chamber, networking, workshops, forums, seminars, information sessions, inward and outward trade missions, advertising opportunities whilst being supported by a competent cadre of highly professional staff. Contained in our Annual Report for this period, you will find a detailed list of activities which the Chamber has undertaken. Noticeably, the Chamber continues to perform more functions, host more events and continuously expand on its product-offering. This is key in ensuring that our members receive value-for-money.

Our financial position remains strong for a BSO and has, over the past decade, The Net Surplus was G$7.7M for year 2019, an improvement in performance over the previous year’s surplus of G$6.6M. Additionally, Cash and Cash Equivalent have improved from G$30.4M in 2018 to G$44.2M in 2019 as at end year. This increase in cash and cash equivalents is as a result of increased revenue from the Chamber and, overall, a more efficient operation which allows for the accumulation of cash of the period. It is important to mention that should the domestic and global economy rebound in the near future, that the revenue stream for the future looks promising as we continue our efforts to increase membership to the Chamber and grow our financial base.

ACKNOWLEDGEMENTS I would like to thank my colleagues at the Chamber of Commerce, the Councilors, for entrusting me with the responsibility to lead this prestigious organization over the past year. Your continuous efforts and time to improving the private sector, and by extension, nation development, ensures that our country continues to move in the right direction. Your counsel, wisdom and collective support have certainly assisted in making this tenure easier and worthwhile.

I would like to thank the Executive Director, and the staff of the Chamber’s Secretariat. Their diligent work in executing the decisions of Council, the Executive Management Committee and Committees ensures that our vision transforms into reality. I am extremely happy to know that we are supported by a group of young, dynamic and zealous individuals who are not only are committed to their job, but also are committed to improving the state of the private sector and Guyana.

To all agencies and stakeholders who continue to work with the Chamber in support of the business community, I would like to acknowledge the role you play in ensuring that the private sector grows and is able to function in an environment which accommodates business. A sincere thank you must be extended to the media who, in their indefatigable manner, ensures that our messages reach the Guyanese population. I would like to give a special thank you to our members, who are also our sponsors of events, activities, publications and other forms of fund raising that we do.

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

Most importantly, to all our families, friends, supporters and well-wishers who stood by us through difficult moments and gave us the strength to keep going, your support is truly appreciated.

Let us use this opportunity to reflect on our successes and failures which have gone before us, be humble enough to accept them, and be wise enough to learn from them. Let us all continue to work harder to support the growth of this great nation, forging together in unity as one people, in one nation, with one destiny.

Thank you.

Nicholas Deygoo-Boyer President (2019-2020) Georgetown Chamber of Commerce and Industry

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY Est. 1889 & Incorporated 1890

PAST PRESIDENTS FROM 1889 - 2019 No.

PRESIDENT

YEAR SERVED

1

A. Barr

1889 – 1890; 1892

27

E.S Stoby O.B.E

1959 – 1960

2

T. H. Glennie

1891; 1894

28

H. L. Steele

1961 – 1962

3

G.H Richter

1893

29

1962

4

A. Weber

1895 – 1896

5

A.P.P. Mackey

1897 – 1898; 1903

30

G.W.E. Cooper, O.B.E

John Jardim

1963 – 1965

6

George Garnett

31

M.B. Gajraj

1966 – 1967

32

S.M.V. Nasseer

1968 – 1969

7

E. M. Sanderson

1899 – 1900; 1905 -1907; 1912 – 1913

33

1970 -1972

8

A. Summerson

1902

9

C.G.A Wyatt

1904; 1908 – 1911

34

A.R. Yhap A.A., O.B.E

N.O. Gonsalves

1973 – 1977

10

C.W. Prest

1914

35

E.P. Christiani

1978 – 1982

11

A.P.G. Austin

1915 – 1916

36

W. G. McKenszie

1983 – 1988

12

A. P. Sherlock

1917 – 1918; 1924

37

Denis E. Moore

1989 – 1992

13

C. Martin-Sperry

1919

38

John S. de Freitas

1992 – 1993

14

C. Farrar

1920 – 1922; 1927

39

Hansel W. Barrow

1993 – 1994

15

T. H. Dalgliesh

1923; 1925 – 1926

40

Denis E. Moore

1994 – 1995

16

M.B.G. Austin

1928

41

Manniram Prashad

1995 – 2001

17

F. H. Martin-Sperry

42

Edward Boyer, A.A.

2001 – 2005

43

Jules Pairaudeau

Capt. Gerald Gouveia

2005 – 2007

18

1929; 1934 – 1935; 1940 – 1942

19

F.A. Mackey

20

45

J.I. DeAguiar, C.B.E. 1936 – 1938; 1951

Chandradat Chintamani

2008 – 2010

21

H.G. Seaford, O.B.E. 1932 -1933; 1939; 19431944; 1949-1950

22

W. J. Raatgever C.B.E.

23

LT. Col. E.J. Haywood, M.B.E., T.D

1901

1930 1931

1945 – 1948 1952

44

Col. (ret) Carl B. Morgan

2007 – 2008

46

Komal Ramnauth

2010 – 2012

47

Clinton Urling

2012 – 2014

48

Lance Hinds

2014 – 2016

49

Vishnu Doerga

2016 – 2017

24

J. St. F. Dare

1953

50

Deodat Indar

2017 – 2019

25

W.M. Green

1954 – 1957

51

2019 – present

26

LT. Col. C.M. Bernard, O.B.E., E.D

1958

Nicholas Deygoo-Boyer

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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NEW MEMBERS 2019/2020 (120 NEW MEMBERS) From April 2019 to February 2020, the Chamber added 120 new members. These members are: 1.

Entier Limited

38.

Saipem America Inc.

3.

Tropical Shipping

40.

Triple D's Inc

2.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.

31.

32.

33.

34.

35.

36.

37.

12

Saj Rice Group

David Persaud Investment Limited Crown Mining Supplies

Gafsons Industries Limited

Massy Wood Group (Guyana) Inc.

Benjamin Marine Salvage Service Inc. Rose Ramdohol Auto Sales Zeco Industrial Engineering Rani's Fashion

Perfection Services Inc. Goolab's Butchery

Ramchand Auto & General Store IRP Fire & Safety Guyana Inc. Sheriff Security

HFS Corperate Services Inc Techlify Inc

Rafeek & Moore

Engineering & Management Consultancy Group CCA Guyana

ERM Guyana

Luthers Decorators Guyana

Western Scientific Company Limited AOSS Inc.

Bumper to Bumber Services Queensway Security

Blackwater Development Company Non-Destructive Testers Limited Kronoco Safety Solutions R.Persaud Consultancy ALTRAD Guyana Inc

39.

41.

42.

43.

44.

45.

46.

47.

48.

49.

50.

51.

52.

53.

54.

55.

56.

57.

58.

59.

60.

61.

62.

63.

64.

65.

66.

67.

68.

Blobal Investors News Networks

69.

Loss Control & Risk Management Guyana

71.

Pritipaul Singh Investment Inc.

73.

GAL Logistics & Shipping (Guyana) LTD

70.

Dr. Stuart's Dental Clinic

72.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

Tullow Oil

Lall-Belcon

Gopie Investments Inc. Guygas

Stracon International SAC SCL (Guyana) Inc.

Caribbean Industrial Research Institute (CARIRI) Saongroup Caribbean (Trinidad) Ltd WT George & Company Limited China Zhonghao Inc.

Aspire Fund Management Company Aegis Marine Ship Mangement Kestrel Guyana Inc Travelspan GT Inc

C&V Caribbean Shipping Ltd Templar Chambers.

Air Services Ltd 401 Furniture

Starcomm Office Furniture (Guyana) Inc Innovations America Mario's Juice Bar

Harpi Management Consultants Wel tll lifestyle TV

BDO Professional Services Inc. Island Produce Export Inc. DAFFAS

Poulsat-GY

Bridged Inc.

Professional Training Employment & Consultancy Service DNA Enterprise

Ezone Logistics

B Cosmetics Beauty World Sonic Business Services Pulse Entertainmant

GCCI ANNUAL REPORT 2019/2020

NEW MEMBERS 2019/2020 (120 NEW MEMBERS) From April 2019 to February 2020, the Chamber added 120 new members. These members are: 74.

CMA CGM Guyana Inc

111.

Market Square

76.

Hits & Jam Entertainment

113.

SASOD Guyana

75.

77.

78.

79.

80.

81.

82.

83.

84.

85.

86.

87.

88.

89.

90.

91.

92.

93.

94.

95.

96.

97.

98.

99.

100.

101.

102.

103.

104.

105.

106.

107.

108.

109.

110.

Camille's Academy

Titan Containers Guyana Inc

The Business Supply Group Ltd-Sript J Division

112.

114.

Global Compliance Service

115.

Fresh Press Enterprise

117.

Bynoe's Realty

119.

Falcon Logistics

116.

Consolidated Marketing Solutions

118.

Pammy's Creative Kitchen

120.

Selwren Fram

Jofer Civil Mechanical & Industrial Company Limited Enviro plus Inc.

Eco Atlantic International Investment Inc. Marine Traders Atlantic Inc. GK Inc.

Ricks and Sari Agro Industries Ltd. Zip Logistics

Ithaca Energy Partners

L&S Survey Services Guyana Inc. Thompson Goup International Inc G-Port Inc.

The Balance

GY-Technology & Office Supplies Beston Consulting Limited

Av Energy & Marine Services Guyana Supreme Ventures Enterprise Inc.

United Barings & Equipment Agencies Ltd Worley Trinidad Ltd

Bank of Baroda (Guyana) Demerara Bank

Fugro USA Marine Inc. Couresy Rent-a-Car Western Logistics

Powersonic Industries

Imran Auto Reffinishing System Wyndanch Inc. Future Vision

Semakiah Woodworking Inc. OceanAir Logistics

Glass & Cladding Company Peterson Guyana Inc.

Global Stars International Imports & Export Guyana Payroll Solutions Inc.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY (GCCI)

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 130th Annual General Meeting of the Georgetown Chamber of Commerce & Industry (GCCI) will be held on Thursday, April 23, 2020 at Zoom Online Platform instead of Thursday, March at Roraima Duke Lodge, at 13:00 hours for the following purposes: Agenda 1. Reading of the Notice convening the Meeting 2. Presentation of the President’s 2019 Report 3. Auditors’ Report and Financial Statements for the year ended 31 December 2019 4. Resolutions 5. Election of the 2020/2021 Council 6. Appointment of an Auditor 7. Consideration of any business or motion as may properly come before the meeting All members are reminded to be in good financial standing with the Chamber and also,nominate their representative and alternate.

BY ORDER OF THE COUNCIL

Richard Rambarran Executive Director/Proper Officer

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

129TH ANNUAL GENERAL MEETING The Georgetown Chamber of Commerce and Industry (GCCI) held its 129th Annual General Meeting on Monday, March 18th, 2019 at the Roraima Duke Lodge, Kingston.

As per the rules of the Chamber, nominations for members of the Council for the year 2019/2020 were conducted from March 5, 2019 to March 11, 2019 at the Office of the Chamber. Members in good financial standing casted their ballots for the 21-member Council at the Office of the Chamber. During this process, the nomination forms were placed in a sealed ballot box which was kept in the Executive Director’s Office, who also served as the Proper Officer.

On the day of the AGM, the sealed ballot box was opened and the Proper Officer announced all nominations received, which are as follows: No.

Nominee:

NOTES: The Proper Officer announced that open nominations would be taken from the floor.

2

Javed Khan

Deodat Indar

Timothy Tucker nominated Kerensa-Gravesande Bart and the nomination was seconded by Anije Lambert.

Samuel Arjoon

Deodat Indar nominated Charles Ramson and the nomination was seconded by Komal Ramnauth.

Timothy Tucker

Robert Singh nominated Jason Sahai and the nomination was seconded by Peter Abai.

Shaam Outar

Shaleeza Shaw

Komal Ramnauth moved the motion to close nominations and the motion was seconded by Nicholas Boyer.

Kester Hutson

The Proper Officer then presented the list of twenty-four (24) nominees for the Council for the year 2019/2020 to the members present at the meeting.

1 3 4

Nicholas Boyer

Doris Lewis

5 6

Shanti Persaud

7 8

Anije Lambert

9

10 11

12 13 14 15 16 17 18 19 20 21

Keon Assanah Howard Khemraj Goberdhan Komal Ramnauth Navin Prashad

Gerald Gouveia Jr. Derek Stoby

Macaela Cameron Marisca Jordan Briony Tiwarie

Gavin Ramsoondar

Since there were more than twenty-one (21) nominations to fill the 21 seats on the Council, the Proper Officer, under Rule 8: 2, 3, 4, 5 of the Rules of the Chamber, read the following:

2. If there are more than twenty-one nominations for the election of members to the Council there shall be a ballot for their election at the meeting. The process shall be supervised by the Proper Officer.

3. Voting papers shall be prepared by the Proper Officer and shall on application be handed to each member entitled to vote; the member shall, on signing the register, place his voting paper in the locked ballot box.

4. Each member may vote for as many candidates as there are seats on the Council but he shall not cast more than one vote for any single candidate.

5. The names of those members elected according to the ballot shall be announced by the Proper Officer at the meeting.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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129TH ANNUAL GENERAL MEETING The following members were elected as the Council of the Chamber for the year 2019/2020.

Voting papers were distributed to all members present at the meeting, that is, one voting paper per member.

Votes were casted and the ballot papers were placed in the ballot box. Afterwards, the ballot box was opened and the votes were counted. The Proper Officer, facilitated this process for verification.

No.

NAME

2

Javed Khan

1 3 4 5 6 7 8 9

11

10 12 13 14 15 16 17 18 19 20 21

16

Nicholas Boyer Deodat Indar Doris Lewis

Samuel Arjoon

Shanti Persaud Timothy Tucker Anije Lambert Shaam Outar

Shaleeza Shaw

Keon Assanah Howard Kester Hutson

Khemraj Goberdhan Komal Ramnauth Navin Prashad

Gerald Gouveia Jr. Derek Stoby

Macaela Cameron Marisca Jordan Briony Tiwarie

Gavin Ramsoondar

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

129TH ANNUAL GENERAL MEETING

Nicholas DeygooBoyer

Timothy Tucker

Shaleeza Shaw

Kester Hutson

Anije Lambert

Deodat Indar

Derek Stoby

Keon Howard

Javed Khan

Shaam Outar

Gavin Ramsoondar

Macaela Cameron

Navin Prashad

Marisca Jordan

Samuel Arjoon

Khemraj Goberdhan

Komal Ramnauth

Gerald Gouveia Jr.

Doris Lewis

Shanti Persaud

Briony Tiwarie

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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SECRETARIAT

Richard Rambarran Executive Director

Hayma Joseph Trade Officer

18

Sandi Bowen Administrative Manager

Ambika Ramraj Membership & Marketing Officer

Leon Prescott Accountant

Reann Vandeyar Assistant Accountant

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020 GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

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129TH ANNUAL GENERAL MEETING In keeping with Section 9, 1 (a) of the Rules of the Chamber: the duly elected Council shall elect out of its own body an Executive Management Committee comprising a President, a Senior VicePresident, a Junior Vice-President, a Treasurer and Secretary.

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GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

129TH ANNUAL GENERAL MEETING Following the election of the Council of the Chamber for the year 2019/2020 on Monday, March 18th, 2019, the new Council held its first Statutory Meeting on Monday, March 25th, 2019 to elect out of its body its new Executive Management Committee for the year 2019/2020.

The following Councillors were elected on Monday, March 25, 2019 as the new Executive Management Committee (EMC) of the Chamber for the year 2019/2020.

No.

Position

Name

Organisation

Timothy Tucker

Rid-O-Pes

1

President

Nicholas Deygoo-Boyer

3

Junior Vice-President

Shaleeza Shaw

2 4 5 6

Senior Vice-President Secretary

Treasurer

Immediate Past President

Anije Lambert

Kester Hutson Deodat Indar

National Hardware (Guyana) Limited Guyana Bank for Trade and Industry

Professional Development Consultancy Dapper Technology

Sterling Products Ltd.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

21

ENGAGE. INFLUENCE. ACHIEVE. The GCCI has established a variety of committees to help advance its mission. Chamber members have the opportunity to become more involved. Serving on a committee allows you to connect with fellow business leaders at a deeper level while at the same time influencing Chamber programs and services. Welcome or recruit new members, develop business programs, share expertise, plan a banquet, even help develop Chamber policy. The opportunities are endless as you help bring people and businesses together.

1. TRADE AND INVESTMENT COMMITTEE Chairperson: Timothy Tucker, Rid-O-Pes Terms of Reference •To liaise with the Ministry of Foreign Trade and International Cooperation (MOFTIC) on matters relating to the WTO, FTAA, EU / ACP, EPA and CARICOM •To liaise with the Ministry of Tourism Industry & Commerce and GOINVEST on matters related to Trade & Investment locally.

•To ensure that the interest of the Chamber Members and the local Private Sector are adequately represented at the various forums.

•To keep the Membership of the Chamber informed on a regular basis about any interesting developments in the areas being monitored.

2. SECURITY & GOVERNANCE COMMITTEE Chairperson: Captain Gerald Gouveia Jr., Roraima Airways Limited Terms of Reference •To review, upgrade and modernize the Chamber’s Constitution with a view of making it more transparent and relevant to today’s Business Environment.

•To develop a team that can mediate / advise and otherwise interact with our national security network on issues relating to crime.

• In cooperation with the Public Relations Sub-Committee, develop educational materials that can assist members of the business community to be better prepared to handle everyday crime: robbery, kidnapping, etc.

•To keep the members of the Chamber informed on a regular basis about any interesting developments under its preview • Liaise with the Guyana Police Force and other relevant authorities at least every three (3) Months to discuss matters of concerns for the Business Community.

3. MEMBERSHIP COMMITTEE Chairperson: Macaela Cameron, E-Networks Terms of Reference •To ensure that all members of the Chamber abide with required rules and regulations.

•To seek new members with quality for the Chamber in order for the Chamber to remain financially viable and be a unified voice for the Business Community.

•To make recommendations to Council on all applications for Membership.

•To ensure that the members interest and concerns are adequately addressed by the Chamber.

•To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.

22

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

ENGAGE. INFLUENCE. ACHIEVE. 4. FINANCE COMMITTEE Chairperson: Kester Hutson, Dapper Technology Terms of Reference •To liaise with Government on Financially-sensitive issues of importance to the Chamber’s Membership •To ensure that the Chamber remains financially viable in the short to medium terms.

•To ensure that the budgetary controls in place at the Chamber are followed.

•To seek donor & other funding for the Chamber’s Secretariat •To liaise with bilateral and multilateral donors on matters associated with the Chamber.

•To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.

5. FUNDRAISING COMMITTEE Chairperson: Komal Ramnauth, Kojac Marketing Agency Terms of Reference •To ensure that the Chamber remains financially viable in the short to medium term.

•To coordinate the planning of any fund raising and promotional initiative such as Annual Dinner, Luncheons (Speaker Programs) etc •To plan & coordinate Promotional activates for the Chamber so that Businesses can view the Chamber as having a unified voice for the Business Community.

•To develop a Public Relations Strategy for the Georgetown Chamber of Commerce.

•To ensure that timely communications are sent to members on matters of importance to the Chamber and the Business Community.

•To notify the general public through Press Releases.

•To work in collaboration with other Sub-committees to produce educational and informative material, this will be of benefit to the Chamber Members.

•To keep the Chamber Members informed on a regular basis about any interesting developments in the area being monitored.

6. ADVOCACY, BUSINESS & ECONOMIC AFFAIRS COMMITTEE Chairperson: Nicholas Deygoo-Boyer, National Hardware Terms of Reference • To articulate members’ concerns in a unified voice attracting policymakers’ attention.

• To meet regularly with decision-makers to discuss key policy issues and establish channels of communication and close working relationships with their staff.

• To provide sound policy-relevant information to policymakers so that they may start automatically turning to business associations for policy advice.

• To 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).

• To keep abreast of imminent and current policy proposals so that they can thoroughly examine the issue and prepare a sound policy response.

• To help prevent frequent changes to the business-related legal and regulatory framework that scare away investors and hinder entrepreneurship.

• To monitor implementation of advocated policies to ensure that they are administered fairly, consistently, and swiftly, thereby strengthening the rule of law.

• To publicize successes to “brand” the association as an active agent of positive change.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

23

ENGAGE. INFLUENCE. ACHIEVE. 7. HUMAN RESOURCE MANAGEMENT COMMITTEE Chairperson: Anije Lambert, Project Development Consultant Terms of Reference • Executive performance reviews.

• Executive compensation policies (including obtaining reasonable compensation comparability data, recommending the compensation and/or bonus amount; and following the rebuttable presumption of reasonableness procedures).

• Review of pay scales.

• Executive and key management succession planning.

• Review of staffing structures and needs.

• Review of benefits.

• Diversity initiatives.

• Independent contractor policies.

• Volunteer policies.

• Internship policies.

• Grievance policies.

8. GREEN ECONOMY COMMITTEE Chairperson: Shaleeza Shaw, Demerara Bank Terms of Reference • To assist in reducing environmental risks within the business community and to aim for sustainable development without disregarding the environment.

• To assist in the development of environmental best practices and green business tools.

• To empower Chamber members and the local business community to become environmentally aware by providing information and methods that are in accordance with sustainable ecological practices.

• To suggest programs and recommend policy and legislation amendments that contribute to sustainability, and to interface with other sectorial bodies to foster environmental awareness and further common goals.

9. PETROLEUM COMMITTEE Chairperson: Charles Ramson Jr., Ramson, Ramson & Conway & Associates Terms of Reference ● To assist in the developing the Georgetown Chamber of Commerce & Industry’s (the Chamber) position on issues in the petroleum industry ● To develop programmes, recommend policy and legislation amendments that contribute to the petroleum industry and its development ● To represent the Chamber’s members on all issues related to Petroleum industry ● To organise and conduct seminars, forums, events, business to business meetings, trade missions and other activities related to the Petroleum industry

24

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020 GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

25

MEMBERSHIP BY SECTOR Advertising

1

Legal

4

Arts & Craft

6

Manufacturing

24

Agriculture

Automotive

Aviation Industry Construction Consultancy Distribution Education

Entertainment

Event Management Financial services Healthcare

Information Technology Insurance

26

13 8 2

19 14 31 17 7 1

18 9

17 12

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

Logging

Marketing

Merchandising Mining

Oil & Gas

Pest Control

Public Relations Security

Services

Shipping

Tourism & Hospitality

TV/ Video Production Waste Disposal

1 9

13 7

36 1 4

11

31 9

11 1 2

Category

Category of membership

B

126

D

42

A

C Non-Resident Associate

GCCI ANNUAL REPORT 2019/2020

MEMBERSHIP BY CATEGORY 90

83 18 3

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

27

MEMBERSHIP BY SECTOR NO.

2015/2014

4

Central Electronics

2014 (19)

5

Corum Distribution

1

Aruwai Enterprise

6

Curtains and Drapery Design

2

Assuria General GY

7

Dapper Technology

3

Credit Info (Guyana Inc)

8

Eureka medical Laboratories Inc.

4

Designers Trend

9

Fujitsu Caribbean (Trinidad) Limited

5

Esso Exploration & production Guyan limited

10

Global Seafood Distributors

6

Guyana Envromental Health & Safety Foundation

11

Global Technology Inc.

7

Guyana Logistics & Support Services Inc

12

Guyana American Merchant Bank Inc.

8

Had International

13

Guyana Goldfields Inc.

9

Inspire

14

GuyPride Construction & Mining

10

International Recuiters

15

Innovative Systems Inc.

11

Jerries

16

Insurance Brokers of Guyana Limited

12

JTW & Associate Management Institute

17

Integrated Security Services

13

Kaizen Enviroment Services

18

Oriental General Store (Guyana) Limited

14

Lenrays Inventment

19

PricewaterhouseCoopers Limited

15

Navigant Builders

20

Project Development Conslutancy

16

Pyramid Networks Inc

21

Prudential Industrial Technology

17

Ramps Logistics

22

Puran Brothers Disposal Inc.

18

Umami

23

Rid-O-Pes

19

Xetech Enterprise

24

School of The Nations Inc.

25

Sealand Surveys

26

Tactical Solutions and Consulting

27

The Consultancy Group

28

Tony's Auto Spares

29

Toucan Industries

30

Video Mega Productions Ltd

31

VSH UNITED (GUYANA) INCORPORATED

32

Web Source Guyana Inc.

NO.

2015/2016 2015 (33)

28

1

3MG

2

ASHMIN'S FUN PARK & RESORT INCORPORATED

3

Carana Agriculture Development Partnership Inc.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

NO.

2016/2017

22

2016 (38)

Premier Integrated Experience

23

Muneshwar Limited

Abygails General Store

1

24

2

GuyBisco

Image & Likeness

25

3

Universal Group of Companies

DAVID YHANN AND SONS COMPANY LIMITED

26

4

P&P Insurance Brokers & Consultants Lt

Cummings Wood Products

27

5

Computer Care

Envisase Marketing & Technology Company-EMTEC

6

Mc Calman & Co Legal services

28

Professional Guard Services Inc

7

Euphoria Entertainment Parks

29

Target Shipping

8

The Solution Center

30

Elusive Events& Business Services

9

Peter P. Import and Export

31

KPMG

10

Industrial Supplies and Services

32

Branderz

11

Cerulean Inc.

33

Massy Insurance Ltd

12

Extravagant Celeberations

34

Juice Up

13

Comfort Sleep

35

Innovative Building Solutions

14

Interweave Solution Guyana Inc.

36

Nick's Phonics Centre

15

A+ Computer Training Center

37

Cevons Waste Management Inc.

16

The Language Institute Inc.

38

Guyana Beverages

17

Imon Wireless solution Inc.

18

Yon's Pro-Fashion

19

Decy's School of Design & Dress Making

20

ACH Inc.

21

Kross Kolor Records

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

MEMBERSHIP BY CATEGORY

29

MEMBERSHIP BY SECTOR NO.

30

2017/2018

19

OPSEC International (Guyana) Inc.

2017 (34)

20

Innovative Building Solutions

21

Big V Enterprise

22

Emporium Investments Bureau Inc.

23

PAS Cargo

24

HBL R. Seebarran & Co.

25

Demerara Bakery

26

Caribbean Vending/TIC Distributors

27

Guyana Oil & Gas Support Services

28

Rapid Results Inc.

29

Optique Vision Care

30

Modern Media Advertising Agency

31

Ramson & Conway & Associates

32

Chateram Ramdihal, Chartered Accountant, Professional Service FIRM

1

Engineering Agencies (Caribbean) Limited (ENGAGE)

2

Social Rank Media

3

Sagacity Media

4

Caribbean Surgery Inc.

5

Guyana Marriott Hotel / Atlantic Hotel Inc.

6

Royal Gem Enterprise

7

Live Proactive

8

Naked Skin Soaps

9

V- Net Communications

10

IEM Sales & Services Limited

11

El Dorado Offshore Guyana Inc.

12

Atlantic Marine Inc & Atlantic Mining Supplies

13

Tagman Media

33

Icon LNG Guyana Limited

14

A&S Enterprise

34

Ramson & Conway & Associates

15

Demerara Shipping Company Limited

16

JR Ranch Inc.

17

Brittyany's Hotel

18

gtPlaza Inc.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

NO.

2018/2019 2018 (54)

1

E-Networks

2

Aagman Restaurant

3

BK SuperMix Inc.

4

Winedaygy

5

Century Tamara Energy Service Inc.

6

Arthur Lok Jack School of Business

7

Sol Guyana Inc.

8

Dr. Balwant Singh Hospital

9

Fix it Hardware Black& Decker Inc

10

Iconic Marketing & Printing

11

Caribbean Airlines

12

Strategic Recruitment Solutions Inc.

13

Farm Supplies Limited

14

General Equipment

15

Apan Energy Service Inc.

16

Magua Risk Consulting Guyana Inc

17

The Red Basket

18

Pratorian Executive Protection Service

19

Scotch Bonnet Inc

20

E&A Consultants Inc.

21

Hyde Park Zoo Sanctuary & Tropical Gardens Inc

22

Evelyn Properity Management & Cleadning Service

23

Caciaue Inc.

24

Grorge Union Pipe & Tanks

25

M&M Investments

26

Japarts

27

Vivaanta Ayurvedic Spa & Hair Salon

28

Streamline Management & Engerineering Solution

29

Total Office (Guyana Inc.)

30

Computing Core

31

Guyana Trainning College for International Skills

32

Bourse Securities Limited

33

Korea Trade Investment Promotion Agency (KOTRA)

34

Woods Direct Inc

35

Ganesh Parts & General Store

36

G-Boats Inc

37

Austin Maritime & Energy Services

38

Genesis Marine Guyana Inc.

39

SBM Guyana Deep Water Operations Inc.

40

Guyana Apicultural Socity

41

CAS Ocean Science (Trinidad) Ltd

42

Fohrsight Global Consultants

43

Trinidad Inspection Services Inc

44

Techniques International Guyana Inc

45

matpal Marine institute

46

Workforceconsulting

47

Massiah Capital

48

Green State Oil & Gas

49

Mohamed's Farm

50

Navigant Builders inc.

51

Tiger Rentals (Guyana) Inc.

52

ND&S Funiture Store

53

Rajiv Gandhi University of Science & Technology

54

Diamond Fire & General Insurance Inc.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

MEMBERSHIP BY CATEGORY

31

MEMBERSHIP BY SECTOR NO.

32

2019/2020

30

Kronoco Safety Solutions

2019 (120)

31

R.Persaud Consultancy

1

Entier Limited

32

ALTRAD Guyana Inc

2

Saj Rice Group

33

Global Investors News Networks

3

Tropical Shipping

34

GAL Logistics & Shipping (Guyana) LTD

4

David Persaud Investment Limited

35

Loss Control & Risk Management Guyana

5

Crown Mining Supplies

36

Dr. Stuart's Dental Clinic

6

Gafsons Industries Limited

37

Pritipaul Singh Investment Inc.

7

Massy Wood Group (Guyana) Inc.

38

Saipem America Inc.

8

Benjamin Marine Salvage Service Inc.

39

Tullow

9

Rose Ramdohol Auto Sales

40

Triple D's Inc

10

Zeco Industrial Engineering

41

Lall-Belcon

11

Rani's Fashion

42

Gopie Investments Inc.

12

Perfection Services Inc.

43

Guygas

13

Goolab's Butchery

44

Stracon International SAC

14

Ramchand Auto & General Store

45

SCL (Guyana) Inc.

15

IRP Fire & Safety Guyana Inc.

46

Caribbean Industrial Research Institute (CARIRI)

16

Sheriff Security

47

Saongroup Caribbean (Trinidad) Ltd

17

HFS Corporate Services Inc

48

WT George & Company Limited

18

Techlify Inc

49

China Zhonghao Inc.

19

Rafeek & Moore

50

Aspire Fund Management Company

20

Engineering & Management Consultancy Group

51

Aegis Marine Ship Management

21

CCA

52

Kestrel Guyana Inc

22

ERM Guyana

53

Travelspan GT Inc

23

Luthers Decorators Guyana

54

C&V Caribbean Shipping Ltd

24

Western Scientific Company Limited

55

Templar Chambers

25

AOSS

56

Air Services Ltd

26

Bumper to Bumper Services

57

401 Furniture

27

Queensway Security

58

Starcomm Office Furniture (Guyana) Inc

28

Blackwater Development Company

59

Innovations America

29

Non-Destructive Testers Limited

60

Mario's Juice Bar

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

61

Harpi Management Consultant

91

Beston Consulting Limited

62

Weltiilifestyle TV

92

Av Energy & Marine Services Guyana

63

BDO Professional Services Inc.

93

Supreme Ventures Enterprise Inc.

64

Island Produce Export Inc.

94

United Bearings & Equipment Agencies Ltd

65

DAFFAS

95

Worley Trinidad Ltd

66

Poulsat-GY

96

Bank of Baroda (Guyana)

67

Bridged Inc.

97

Demerara Bank

68

Professional Training Employment & Consultancy Service

98

Fugro USA Marine Inc.

69

DNA Enterprise

99

Courtesy Rent-a-Car

70

Ezone Logistics

100

Western Logistics

71

B Cosmetics Beauty World

101

Powersonic Industries

72

Sonic Business Services

102

Imran Auto Reffinishing System

73

Pulse Entertainmant

103

Wyndanch Inc.

74

CMA CGM Guyana Inc

104

Future Vision

75

Camille's Academy

105

Semakiah Woodworking Inc.

76

Hits & Jam Entertainment

106

OceanAir Logistics

77

Titan Containers Guyana Inc

107

Glass & Cladding Company

78

The Business Supply Group Ltd-Sript J Division

108

Peterson Guyana Inc.

79

Global Compliance Service

109

Global Stars International Imports & Export

80

Falcon Logistics

110

Guyana Payroll Solutions Inc.

81

Fresh Press Enterprise

111

Market Square

82

Consolidated Marketing Solutions

112

Selwren Fram

83

Bynoe's Realty

113

Sasod Guyana

84

Pammy's Creative Kitchen

114

Eco Atlantic Investment Inc

85

Ithaca Energy Partners

115

Marine Traders Atlantic Inc

86

L&S Survey Services Guyana Inc.

116

ENVIROPLUS Inc.

87

Thompson Goup International Inc

117

GK Inc

88

G-Port Inc.

118

Jofer Civil Mechanical & Industrial Company Ltd.

89

The Balance

119

Ricks and Sari Agro Industries Ltd.

90

GY-Technology & Office Supplies

120

Zip Logistics

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

MEMBERSHIP BY CATEGORY

33

REPORT OF ACTIVITIES EXECUTIVE DIRECTOR’S REPORT: APRIL 26 – MAY 29, 2019 • April 26, 2019: The Executive Director, Mr. Richard Rambarran, and President, Mr. Nicholas Deygoo-Boyer, met with representatives of Global Investment Directions Ltd. The intent of the meeting was to discuss opportunities for doing business with members of the GCCI. • April 30, 2019: The Executive Management Committee (EMC) participated in an evaluation of the EU-CARIFORUM Economic Partnership Agreement (EPA). The purpose of the exercise was to review the implementation and impact of the agreement as per its original objective of promoting trade and investment between the EU and the CARIFORUM Member States and to enhance long-term sustainable development.

• May 2, 2019: The GCCI hosted a Press Conference to provide updates on its outbound trade mission to Houston, Texas for the Offshore Technology Conference (OTC).

• May 2, 2019: Members of the Guyana Delegation for the OTC attended a Pitch Course Training for the OTC which was facilitated by the Center for Local Business Development.

• May 3, 2019: The Guyana-India Trade Facilitation Council met with senior officials of the Ministry of Education to discuss renewable energy projects.

• May 7, 2019: Junior Vice-President and Chairperson of the Green Committee, Ms. Shaleeza Shaw, attended a Discussion Forum on Iwokrama’s Global Challenge Science Plan.

• May 8, 2019: Representatives of the GCCI attended the 8th IRF Caribbean Regional Congress Opening Ceremony.

• May 14, 2019: Representatives of the GCCI attended a forum hosted by the IDB on “Creating Local Opportunities in the Oil and Gas Value Chains in Guyana”.

• May 15, 2019: Members of the Chamber met with a team of senior officials from Tullow Oil. • May 16, 2019: The Executive Director attended the Forum of the IDB Civil Society Group.

• May 16, 2019: The Executive Director and the EMC met with senior officials of the GraceKennedy Group. The intent of the meeting was for the representatives to gain an insight into the macro and micro factors impacting Guyana with specific reference to the money transfer industry.

• May 17, 2019: Representatives of the GCCI attended a meeting with the Brazil Chamber of Commerce hosted by the Private Sector Commission (PSC).

• May 20 - May 23, 2019: Member companies, EMPRETEC and the Master Class Institute, participated in the OAS Caribbean Small Business Development Centers Programme.

• May 21, 2019: Members of the EMC attended the Hydrographic Survey Equipment Handover Ceremony for the Commonwealth Marine Economics Program.

• May 23, 2019: Members of the GCCI met with representatives of the Mitsubishi Corporation (MC) to discuss a project titled the “Oil and Gas Master Plan for Guyana” (OGMP). The Government of Japan is providing technical support to the Government of Guyana through the evaluation of potential scenarios for the development of the hydrocarbon and energy sector in Guyana. MC is the company coordinating the activities and communication between Japan and Guyana in relation to the OMGP. • May 28, 2019: The President of the Chamber attended the Launching of the Guyana Bar Association Review (20182019 Edition).

34

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

REPORT OF ACTIVITIES • May 29, 2019: The President of the Chamber attended a meeting with a high-level Ghanaian delegation. The meeting was hosted by the PSC. • May 29, 2019: The GCCI hosted a Press Conference to discuss the outcomes of the OTC Trade Mission, the Regulatory Environment of the Oil and Gas Industry, and Local Content.

• May 29, 2019: The President met with British High Commissioner, Mr. Greg Quinn, to discuss the details of a trade mission to Offshore Europe.

EXECUTIVE DIRECTOR’S REPORT: JUNE 5 – JUNE 27, 2019 • June 5, 2019: Members of the Chamber met with Omni Helicopters International.

• June 5, 2019: Members of the Chamber met with representatives of CCCC Dredging Group Company Ltd. Meeting to discuss opportunities for business in Guyana.

• June 5, 2019: The Executive Director met with Grégory Simao of Prezioso Altrad, a new company in Guyana specializing in Industrial Maintenance. The intent of the meeting was to discuss ways in which the Chamber could assist the new company in finding local partners.

• June 5, 2019: The Executive Director met with representatives of AOSS Ltd. to discuss opportunities for business in Guyana.

• June 6, 2019: Members of the Executive Management Committee (EMC) attended the World Environment Day 2019 Observance.

• June 6, 2019: The Executive Director representatives of the University of Guyana. The intent of the meeting was to discuss a collaboration between the GCCI and the University for the offering of two 2-day Executive Courses viz., Petroleum Engineering ‘202’ by Dr Dennis Pieters and Statistics for Engineers by Prof. Babatunde Ogunnaike.

• June 7, 2019: Representatives of the GCCI attended the Sector Scoping meeting for Hope Energy Development Wind Farm Project.

• June 10, 2019: The Guyana-India Trade Facilitation Council met with the Minister of Public Health, Hon. Volda Lawrence, to discuss the importation of pharmecueticals from India, the Food and Drug Bill and medical tourism between India and Guyana, among other things.

• June 12, 2019: Members of the EMC met with the Ambassador of the Republic of Colombia to Guyana, Dr. Alfonso Múnera Cavadia.

• June 13, 2019: Representatives of the GCCI attended a meeting hosted by a team from the International Monetary Fund (IMF) on IMF Article IV Consultations 2019.

• June 17, 2019: The Executive Director attended the 80th Special Meeting of the Council for Trade and Economic Development (COTED) which was conducted via video conference at the Ministry of Foreign Affairs.

• June 20, 2019: PUC Review of the 2018 Operating Standards and Performance Targets of GPL. • June 20, 2019: GCCI President, Mr. Nicholas Deygoo-Boyer, delivered feature remarks at School of the Nation’s 6th Form Graduation Ceremony.

• June 25, 2019: Mr. Deygoo-Boyer attended the GMSA Business Luncheon.

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

35

REPORT OF ACTIVITIES EXECUTIVE DIRECTOR’S REPORT: JUNE 28 – JULY 25, 2019 • June 28th, 2019: Senior representatives of the GCCI met with representatives of A New and United Guyana (ANUG) and the Liberty & Justice Party to discuss the state of political affairs in Guyana.

• June 28th, 2019: Executives of the GCCI attended the Annual General Meeting of the Private Sector Commission (PSC).

• July 3rd, 2019: Representatives of the GCCI attended the Launch of the Guyana Trade and Investment Exhibition (GUYTIE) 2019.

• July 3rd, 2019: The GCCI’s Construction Committee paid a courtesy call to the Central Housing & Planning Authority (CHPA).

• July 4th, 2019: Members of the GCCI met with representatives of Van Oord, an international dredging and offshore contractor. Van Oord is interested in dredging the Demerara River and was seeking the Chamber’s input before making a proposal to the government.

• July 5th, 2019: The Chamber launched the 10th Edition of its Business Guyana Magazine at the Pegasus Hotel.

• July 8th, 2019: The Chamber hosted an Information Session on Offshore Europe 2019.

• July 10th, 2019: The GCCI hosted a press conference on the Signing of the Memorandum of Understanding (MoU) between the Chamber and the Guyana Chamber of Commerce Ghana.

• July 10th, 2019: The Executive Director, Mr. Richard Rambarran, attended a forum hosted by the University of Guyana entitled, “BluePrint UG 2040: Encounter 1: Examining Context”.

• July 10th, 2019: Chairperson of the GCCI’s Green Committee, Ms. Shaleeza Shaw, attended the Green Commodities Programme Meeting which was hosted by The United Nations Development Programme (UNDP).

• July 10th, 2019: Representatives of the Chamber attended the Launch of Harvey Gulf International Marine’s Local Office.

• July 11th, 2019: Members of the Chamber met with representatives of Sumitomo Corp and Mr. Tsatsu Tsikata, the former Chief Executive of the Ghana National Petroleum Corporation. The intent of the meeting was to discuss the potential for a Guyana LNG Export Project.

• July 11th, 2019: The President of the Chamber, Mr. Nicholas Deygoo-Boyer, attend the PSC’s Council Meeting.

• July 15th, 2019: Members of the Chamber met with the IDB LAB to discuss its Digital Skills Training Project.

• July 15th, 2019: The Chamber’s Trade & Investment Committee met with senior representatives of Guyana Livestock Development Authority (GLDA) to discuss issues concerning meat and poultry, policies and programmes of the GLDA, the establishment of a locally accredited laboratory, as well as other issues faced by the poultry and livestock community.

• July 16th, 2019: The Chamber received a Courtesy Call from His Excellency, Tatsuo Hirayama, Ambassador of Japan.

• July 17th, 2019: Members of the Chamber met with representatives of One Basin Three Nations (OBTN). OBTN is a premier Energy Seminar / Conference band in the Guianas.

36

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY

GCCI ANNUAL REPORT 2019/2020

REPORT OF ACTIVITIES • July 24th, 2019: The Executive Director met with representatives of Amicorp Group, a trustee and structuring service provider with more than 35 offices around the world. The intent of the meeting was to discuss possible business alliances.

• July 25th, 2019: The Executive Director attended the Opening Ceremony of the National Conference on Local Democratic Organs (NCLDO).

• July 25th, 2019: The Executive Director attended a lecture hosted by the Ministry of Foreign Affairs entitled, “Negotiating and Renegotiating for Sustainable and Beneficial Outcomes.”

• July 25th, 2019: The President attended the GNBS Petroleum Technical Committee Meeting.

• July 25th, 2019: The President of the Chamber attended the Second Planning Meeting of the Guyana Coalition of Services Providers.

EXECUTIVE DIRECTOR’S REPORT: JULY 26 – AUGUST 29, 2019 • July 26th, 2019: Executive Director, Richard Rambarran, and Trade Officer, Hayma Joseph, attended the Eighth Technical Meeting of the NCTF. • July 26th, 2019: Representatives of the GCCI met with a team of senior representatives from Ansa McAl to discuss possible areas of collaboration.

• July 26th, 2019: The GCCI partnered with ActionINVEST to host a seminar on the “6 Steps to a Better Business.”

• July 29th, 2019: Senior representatives of the GCCI attended a meeting with the Opposition Leader to discuss the state of political affairs in Guyana. The meeting was hosted by the Private Sector Commission (PSC).

• July 31st, 2019: President of the GCCI, Nicholas Deygoo-Boyer, delivered remarks at the Launch of the Texila University Indo-Caribbean Society.

• August 5th, 2019: Members of the Chamber attended a forum hosted by AMCHAM on the Implication of the CCJ Consequential Orders for Business in Guyana.

• August 8th, 2019: The GCCI met with Mayor Ubraj Narine and other representatives of the M&CC for its quarterly meeting.

• August 9th, 2019: President of the GCCI delivered remarks at the Opening of new Courts & Courts Optical Stores.

• August 13th, 2019: Representatives of the GCCI met with DAI/Centre for Local Business Development to discuss local content in Guyana.

• August 15th, 2019: Representatives of the GCCI attended a Draft Local Content Policy Stakeholder Consultation. The consultation was hosted by the Department of Energy.

• August 19th, 2019: The GCCI and the British High Commission hosted on a press conference on preparations for Offshore Europe 2019.

• August 20th, 2019: The Executive Director met with Mr. Holger Grundel, an Extractives Consultant from Levin Sources.

The purpose of the meeting was to identify and explore options for whether and how DFID should engage with the Government of Guyana to maximize the developmental benefits of future revenues from the oil and gas sector.

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REPORT OF ACTIVITIES • August 21st, 2019: The Executive Director met with Mr. Gary Thompson of Global Engineering.

• August 21st, 2019: The GCCI hosted a Roundtable Discussion on Guyana’s Draft Local Content Policy.

• August 28th, 2019: Treasurer of the GCCI, Kester Huston, received a courtesy call from the Inter-Religious Organization of Guyana (IRO).

EXECUTIVE DIRECTOR’S REPORT: AUGUST 30TH – SEPTEMBER 26TH, 2019 • 30th August, 2019: The GCCI collaborated with Dr. Jorge Ramirez of Harvard Business School and Mr. Kevin Murphy of J.E Austin Associates, Inc. to host a workshop titled, “Building the Shared Prosperity of Guyana”. Members who attended to workshop received certificates of participation.

• 2nd September, 2019: Trade Officer, Hayma Joseph, attended the UNCTAD Capacity Building Workshop-Empowerment Programme.

• 5th September, 2019: Councillor, Keon Howard, attended the Guyana National Bureau of Standards (GNBS) Technical Committee for Plastic and Plastic Products meeting.

• 6th September, 2019: Members of the GCCI met with representatives of the Civil Defense Commission to discuss relief efforts for the Bahamas which was ravaged by Hurricane Dorian.

• 6th September, 2019: Secretary, Kester Huston, attended the Grand Opening of GuyOil’s Green Office and Store Complex.

• 9th September, 2019: Executives of the GCCI attended a reception in honour of the Arrival of the Liza Destiny.

• 10th September, 2019: Executive Director, Richard Rambarran, attended the Rio Conventions Mainstreaming Project, Economic and Financial Experts Working Group Meeting. The intent of the meeting was for participants to sign off the Economic Plan and review and approve the By-Laws developed on July 5th 2019.

• 10th September, 2019: The Trade Officer attended a Workshop on the Caribbean Basin Trade Partnership Act (CBTPA).

The workshop was hosted by the Guyana Office for Investment in collaboration with the United States Embassy.

• 18th September, 2019: The President of the GCCI delivered Opening Remarks at the Opening Ceremony of the Barbados Pilot Trade Mission.

• 20th September, 2019: The Executive Director met with President of the Tourism and Hospitality Association of Guyana (THAG), Mitra Ramkumar, to discuss opportunities for collaboration. Representatives of the Barbados Coalition of Services & Industry also attended the meeting.

• 20th September, 2019: The Executive Director attended a workshop titled, “Building Shared Prosperity in Guyana Initiative - Findings, Frameworks and Inputs.”

• 20th September, 2019: The President attended a Cocktail onboard the French Navy Ship, La Resolue.

• 20th September, 2019: The Executive Director and the President attended the Launch of the CCA Guyana Inc. Guyana Office.

• 23rd September, 2019: The Executive Director attended a presentation on the Labour Market Findings Report. Dr. Roger Hosein presented the findings.

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REPORT OF ACTIVITIES • 24th September, 2019: The President attended a seminar on “Climate Change and Forest Management in Guyana EU Approach.”

• 25th September, 2019: The Executive Director attended Consultations for the Review and Re-Design of the GO-Invest Framework.

• 26th September, 2019: The Chamber received a Courtesy Call from Former Senator of the State of Roraima, Dr. Romero Juca, and delegation. The purpose of Dr. Juca’s visit was to bring potential investors to Guyana who are desirous of investing in the areas of housing construction, industrialization of primary products, and transportation, among others.

EXECUTIVE DIRECTOR’S REPORT: SEPTEMBER 27TH - OCTOBER 30TH, 2019 • September 27th-28th, 2019: The GCCI hosted the second edition of its Business Development Forum to the theme, “Evolve Your Brand, Fuel Your Finance.”

• October 2nd, 2019: The Executive Director, Mr. Richard Rambarran, attended an event hosted by the High Commission of India in honour of the 150th Birth Anniversary of Mahatma Gandhi.

• October 2nd, 2019: Vice-Chairman of the Construction Committee, Mr. Keon Howard, attended the GNBS Sensitization Forum on Electrical Installation Products.

• October 2nd, 2019: The GCCI met with Tullow’s Group Head of External Affairs Strategy and Policy Plan, Mr. Alan Dowokpor. Mr. Dowokpor had visited Guyana to focus on Tullow’s strategic country approach and footprint plan. The objective of the meeting was to discuss local content issues and Tullow’s shared prosperity programs.

• October 2nd, 2019: The GCCI met with a delegation of businessmen from India who were interested in exploring opportunities for business in Guyana. His Excellency, David Pollard, Guyana’s High Commissioner to India, accompanied the delegation.

• October 7th, 2019: The GCCI met with representatives of the Alliance for Change (AFC) to discuss the party’s development plans for Guyana.

• October 7th, 2019: President of the GCCI, Mr. Nicholas Deygoo-Boyer, met with Mr. Clyde de Haas and representatives of Unicomer Guyana Inc. • October 8th, 2019: The Executive Director met with Dr. Lawrence Goodridge who has been contracted by the FAO to assist in reviewing UG’s BSc in Food Sciences curriculum, with a focus on the component on food safety. The purpose of the meeting was to discuss the challenges of businesses in implementing food safety standards, and requirements to maintain the standards as well as training capacity needs for staff.

• October 9th, 2019: The Executive Director attended a meeting on the Design of an Export and Investment Strategy & implementation Plan. The program falls under the Ministry of Business’ Enhancing of the National Quality Infrastructure for Economic Diversification and Trade Promotion Programme which is funded by the Inter-American Development Bank (IDB).

• October 9th, 2019: Junior Vice-President, Ms. Shaleeza Shaw, attended the USAID’s Basic life and Employability Skills Program Graduation Ceremony.

• October 10th, 2019: The GCCI met with representatives of the Liberty & Justice Party to discuss the party’s development plans for Guyana.

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REPORT OF ACTIVITIES • October 11th, 2019: The Executive Management Committee (EMC) met with U.S. Ambassador, Her Excellency SarahAnn Lynch. The intent of the meeting was to discuss matters pertaining to Guyana’s governance, the state of political affairs, trade relations, the Offshore Technology Conference 2020, and other areas for potential collaboration.

• October 11th, 2019: The Executive Director met with the Board of Directors of Texila American University (TAU). The purpose of the meeting was to discuss the opportunity to raise awareness about the university’s Bachelor’s and Master’s in Business Administration programmes.

• October 11th, 2019: Mr. Deygoo-Boyer attended the Indian High Commission’s ITEC Day Cocktail Reception.

• October 12th, 2019: Mr. Deygoo-Boyer attended the Private Sector Commission (PSC) Retreat.

• October 15th, 2019: The GCCI partnered with T&T Business Etiquette and Protocol Specialists Limited (TTBEPS) to host a seminar titled “Guyana’s Customer Service Strategy.”

• October 15th-16th, 2019: The EMC held separate meetings met with Canadian High Commissioner, H.E. Lilian Chatterjee, Head of the European Union Delegation, Fernando Ponz Canto and British High Commissioner, H.E. Greg Quinn. The intent of the meetings were to discuss matters pertaining to Guyana’s governance, the state of political affairs, trade relations, the Offshore Technology Conference 2020 and other areas for potential collaboration.

• October 17th, 2019: The GCCI and the Caribbean Development Bank (CDB) hosted a press conference to launch the “Improving Quality Standards of Agro-Processors Through Training” Project. The Executive Director, the CTCS Liaison Officer and representatives of the CDB also met with the GTA, The Tourism Hospitality Association of Guyana (THAG) and the Guyana Office for Investment (GOInvest).

• October 18th, 2019: The GCCI hosted its “Connecting Women in Business” Cocktail.

• October 21st, 2019: The Executive Director attended a meeting hosted by the PSC on an upcoming Business Forum which will sponsored by PSC Vice-Chairman, Mr. Komal Singh.

• October 21st, 2019: Representatives of the GCCI attended a cocktail reception hosted by Go-Invest in honour of the visiting Newfoundland and Labrador Oil Gas Industries Association (Noia) trade delegation.

• October 22nd, 2019: The GCCI met with Mr. Cristobal Taesung Om, General Manager, Global Marketing Division, Hyundai Engineering and Construction Company. Mr. Om’s aim was to explore the market opportunities and discuss the possibility of Hyundai E&C providing competitive financing with complete turnkey solutions for huge infrastructure projects in Guyana.

• October 22nd, 2019: The Executive Director met with Mr. Joao de Almeida, a consultant contracted by the Ministry of Finance to develop a strategic plan for the introduction of e-Government procurement (eGP) in Guyana. The plan is a part of the Public Procurement Modernisation and Public Financial Management Strengthening Programme, financed by the IDB. • October 22nd, 2019: Members of the GCCI met with Grupo Bringel, a Brazillian distributor of health products and equipment. Grupo Bringel had expressed an interest in investing in Guyana.

• October 22nd, 2019: The Green Economy Committee met with Dr. Patrick Chesney, Coordinator of the Guiana Shield Facility. The Committee expressed its interest in forming a close working relationship with Dr. Chesney in order to further the development and preservation of Guyana.

• October 22nd, 2019: The GCCI hosted a reception to welcome the visiting Newfoundland and Labrador Oil Gas Industries Association (Noia) trade delegation.

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REPORT OF ACTIVITIES • October 24th, 2019: The Executive Director attended a consultation hosted by the Ministry of Foreign Affairs to consider the proposed reforms to the trading arrangements governing the future of the Sugar Industry in Guyana and the wider CARICOM region.

• October 24th, 2019: The Trade Office, Ms. Hayma Joseph, attended the Rio Conventions Mainstreaming Project Third Negotiation Workshop. The objective of the workshop was to strengthen the technical staff at line ministries to negotiate better consultative and decision-making processes at local and international conferences.

• October 24th, 2019: Members of the Guyana-India Trade Facilitation Council met with representatives of the IndoCaribbean Society.

• October 24th, 2019: The Green Economy Committee met with Executive Director of Conservation International Guyana, Mr. Damian Fernandes.

• October 25th, 2019: Toastmasters International hosted an Information Session for members of the GCCI as a part of its 95th Founder’s Day activities.

• October 25th, 2019: The GCCI met with representatives of Visit Rupununi and the Rupununi Chamber of Commerce and Industry (RCCI). The intent of the meeting was to discuss the Annual Rupununi Expo and other opportunities for collaboration.

• October 25th, 2019: Mr. Deygoo-Boyer attended the THAG President’s Annual Gala Dinner & Auction.

• October 30th, 2019: The Executive Director attended the UG Energy Think Tank event on Proposed Public Accounts Oversight Committee of the Natural Resources Fund of Guyana.

• October 30th, 2019: The GCCI met with representatives of Girls in Tech-Guyana to discuss areas for collaboration.

EXECUTIVE DIRECTOR’S REPORT: NOVEMBER 7TH – DECEMBER 12TH, 2019 • November 7th, 2019: Representatives of the GCCI met with consultants from Camco Clean Energy who are working on the establishment of a Credit Risk Abatement Facility (CRAF). The project is being undertaken by the CARICOM Development Fund (CDF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), through the Caribbean Community (CARICOM) Secretariat.

• November 7th, 2019: The Chamber received a Courtesy Call from His Excellency, Datuk Lim Juay Jin, Non-Resident High Commissioner for Malaysia.

• November 12th, 2019: Representatives of the GCCI met with the leadership of Change Guyana to discuss the party’s development plan for the country.

• November 13th, 2019: The Caribbean Industrial Research Institute (CARIRI) hosted an information session for members of the GCCI. • November 13th, 2019: The GCCI hosted a press conference to discuss the GCCI’s Business Directory Launch, the GCCI’s Annual Gala, Local Content, Land Allocation and GECOM Technical Assistance.

• November 15th, 2019: Members of the Security and Governance Committee attended the Guyana Police Force Christmas Policing Presentation 2019.

• November 15th, 2019: Executive Director, Mr. Richard Rambarran, met with representatives of PricewaterhouseCoopers.

• November 19th, 2019: The Chamber received a Courtesy Call from Chilean Ambassador, H.E. Patricio Becker.

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REPORT OF ACTIVITIES • November 19th, 2019: Members of the Petroleum Committee met with representatives of Schreiner Parker, Rystad Energy.

• November 19th, 2019: Members of the Chamber met with representatives of FHI 360. FHI 360 is a large international development non-profit organization which partners with governments, the private sector, and civil society to bring about positive social change and to provide quality education, opportunities for meaningful economic participation, and lifesaving health care.

• November 19th, 2019: Members of the Chamber met with representatives of Solenis, one of the top specialty chemical companies in the world. Solenis provides solutions to water-intensive industries, including the pulp and paper, oil and gas, chemical processing, mining, bio refining and power markets.

• November 19th, 2019: President of the GCCI, Nicholas Deygoo-Boyer, attended the launch of the Association of International Petroleum Negotiators.

• November 20th, 2019: Members of the GCCI met with a delegation from the Venezuelan Chamber of Petroleum. The intent of the meeting was to discuss opportunities for collaboration in the local oil and gas industry.

• November 20th, 2019: The GCCI launched its Business Directory 2019-2020 at the Aura Lounge, Pegasus Hotel.

• November 21st, 2019: The President of the GCCI delivered remarks at the launch of the Women Chamber of Commerce and Industry Guyana.

• November 22nd, 2019: Members of the GCCI met with representatives of the Shell Oil Company.

• November 22nd, 2019: The President of the GCCI delivered a presentation at the second annual International Petroleum Business Summit and Exhibition (GIPEX 2019).

• November 26th, 2019: The President of the GCCI attended a CEU Seminar by Steelcase Consultants which was hosted by Total Office.

• November 27th, 2019: Members of the GCCI met with consultants from the Palladium Group who are investigating the issue of illicit financial flows in the region on behalf of the UK’s Department for International Development (DFID).

• November 28th, 2019: Members of the GCCI attended a networking event which was hosted by the Private Sector Commission (PSC) and the Brazil Guyana Chamber of Commerce in collaboration with the Rupununi Chamber of Commerce and Industry (RCCI).

• November 28th, 2019: The GCCI hosted its 130th Annual Awards Presentation and Gala Dinner at the Guyana Marriott Hotel.

• November 29th, 2019: The Executive Director attended the Caribbean Corporate Governance Institute’s Masterclass.

• December 2nd, 2019: Chairman of the Guyana-India Trade Facilitation Council, Dr. Surendra Persaud, met with Indian businessman, Mr. Maheshwari of Uttamenergy, and Mr. Manoj Verma, a Sugar Expert who were visiting Guyana to engage GUYSUCO on the modernization of the facility at the Albion Plant.

• December 4th, 2019: Members of the Trade & Investment Committee met with newly instated Trade Officer of the British High Commission, Mr. Sherwyn Naughton.

• December 4th, 2019: Members of the Construction Committee met with representatives of the Inter-American Development Bank to discuss the Sheriff Street road project.

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REPORT OF ACTIVITIES • December 5th, 2019: Members of the GCCI met with CEO of the Horizon Group, Mr. Joseph Goldberg. The Horizon Group specializes in political and cultural risk for the oil industry in over sixty countries. The intent of the meeting was to discuss the GCCI’s development plan for Guyana, in addition to other specific investment opportunities.

• December 5th, 2019: The Executive Management Committee and Secretariat Staff met for a team building luncheon which was held at Palm Court.

• December 6th, 2019: Members of the GCCI met with the Project Consultants for the “Capacity Building for Local Government Reform” project. The project is being implemented by the Ministry of Communities with technical assistance from the Caribbean Development Bank (CDB).

• December 6th, 2019: The President of the GCCI attended the launch of Cummings Wood Products/Floor-It Showroom.

• December 9th, 2019: The Executive Director met with Mr. Derek Waddell, an investor from the Trinidad. The intent of the meeting was to discuss opportunities for investment in Guyana.

• December 10th-12th, 2019: GCCI Trade Officer, Hayma Joseph, attended a Special Training on Trade Remedies which was hosted by the Ministry of Foreign Affairs.

• December 10th, 2019: The GCCI’s Green Committee hosted a seminar on “Planting, Training and Management of Trees in Urban Areas.” The training was conducted by Dr. Patrick Chesney, Tropical Agroforestry and Horticulture Specialist.

• December 11th, 2019: The Executive Director and Chairperson of the Green Economy Committee, Ms. Shaleeza Shaw, met with representatives of the Global Green Growth Institute (GGGI) to discuss Renewable energy transitions for Guyana.

• December 11th, 2019: Members of the GCCI met with a group of investors from the U.S. to discuss investment opportunities and the business climate in Guyana.

EXECUTIVE DIRECTOR’S REPORT: DECEMBER 13TH, 2019 - JANUARY 30TH, 2020 • December 13th, 2019: Members of the Trade and Investment (T&I) Committee held a joint meeting with representatives of the Government-Analyst Food and Drug Department (GA-FDD) and the Guyana Revenue Authority to discuss a number of issues including delays with ASYCUDA and vessels for supplying goods offshore.

• December 16th, 2019: Representatives of the GCCI met with Ms. Sandra Parra, Chief of Party of the USAID’s Guyana Extractives Sector Transparency project. The intent of the meeting was to discuss the project’s objectives.

• January 8th, 2020: CTCS Liaison Officer, Eusi Evelyn, facilitated training for employees of the Government AnalystFood and Drug Department (GA-FDD).

• January 13th, 2020: Senior representatives of the GCCI met with a team of investors from Malaysia.

• January 14th, 2020: Representatives of the Chamber met with President of the newly established Dominican RepublicGuyana Chamber of Commerce, Ambassador Juan Guiliani Cury. The intent of the meeting was to discuss bilateral chamber business collaboration opportunities.

• January 14th, 2020: Trade Officer, Hayma Joseph, participated in a CARICHAM network meeting.

• January 15th, 2020: President of the GCCI, Nicholas Deygoo-Boyer, and Executive Director, Richard Rambarran, met with Chamber member, Guy Gas Ltd., to discuss a complaint made against the Guyana Revenue Authority (GRA).

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REPORT OF ACTIVITIES • January 15th, 2020: The Executive Director and the Trade Officer participated in an interview with Professor Craig VanGrasstek on Guyana’s National Trade Strategy.

• January 15th, 2020: Members of the GCCI attended a presentation on the oil and gas market by Energy Market Expert, Robert McNally. The event was hosted by the Centre for Local Business Development.

• January 16th, 2020: The President and the Executive Director attended the first meeting of the Multi-stakeholder Working Group on Local Content Legislation.

• January 16th, 2020: The T&I Committee held its first meeting with Vision Fund Grant Winner, Dr. Dason McKenzie.

• January 17th, 2020: The Advocacy Committee held its quarterly meeting with the Mayor and City Council (M&CC) of Georgetown.

• January 17th, 2020: Representatives of the GCCI met with a World Bank technical team to discuss competitiveness and diversification in Guyana. The meeting was hosted by the Private Sector Commission (PSC).

• January 17th, 2020: The President attended “Guyana’s First Oil” Cocktail Reception which was hosted by Exxon Mobil and the Department of Energy.

• January 20th, 2020: The Membership Committee made a donation to the Cancer Institute of Guyana.

• January 22nd, 2020: The President and the Executive Director participated in an interview which was conducted by the Reuters news organization.

• January 22nd, 2020: Members of the Executive Management Committee met with representatives of the Bank of Saint Lucia.

• January 22nd, 2020: The GCCI and the Guyana Tourism Authority (GTA) signed an MoU to improve the environment for sustainable tourism development, build local capacity and increase the promotion of sustainable tourism.

• January 23rd, 2020: The President attended a meeting with the Chief of Staff of the Guyana Defense Force.

• January 23rd, 2020: The Executive Director attended an Inter-American Development Bank (IDB) Breakfast Meeting.

The intent of the meeting was to recap the Bank’s 2019 activities and present the bank’s portfolio.

• January 23rd, 2020: The GCCI collaborated with the Avasant Foundation to host an information seminar on Digital Skills Training in Guyana.

• January 27th, 2020: The GCCI welcomed a trade delegation from the Jamaica Chamber of Commerce (JCC).

• January 27th, 2020: The Executive Director met with representatives of Global Branding and Marketing and Mega Money Media to discuss a new corporate training initiative.

• January 28th, 2020: Senior representatives of the Chamber met with representatives of Worley Trinidad Ltd. to discuss opportunities for doing business in Guyana.

• January 28th, 2020: Representatives of the GCCI attended a PSC/GGGI Investor Meeting. The intent of the meeting was to discuss Guyana’s transition to renewable energy.

• January 29th, 2020: The President attended the Guyana Manufacturing and Services Association (GMSA) Business Luncheon.

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GCCI ANNUAL REPORT 2019/2020

REPORT OF ACTIVITIES • January 29th, 2020: Members of the EMC met with senior representatives of the Jamaica Chamber of Commerce (JCC).

• January 30th, 2020: Members of the EMC met with Barbados’ Minister of the Foreign Trade Division in the Ministry of Foreign Affairs and Foreign Trade, Honourable Sandra Husbands and representatives of the Barbados Investment & Development Corporation (BIDC).

• January 30th, 2020: Members of the EMC met with Mexico’s Ambassador to Guyana, His Excellency, Jose Omar Hurtado Contreras.

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GCCI IN THE MEDIA 2019/2020 KAIETEUR NEWS

CONFIDENTIALITY PROVISIONS IN LOCAL CONTENT POLICY UNUSUAL AND UNNECESSARY – GCCI PRESIDENT Feb 19. 2020 “If a local content policy espouses transparency as its driver, then it must have provisions that make data open and available.

Confidentiality provisions in Guyana’s local content policy are not necessary. They are unusual. That sums up the views of the President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Deygoo-Boyer, who appeared on the Monday edition of the Kaieteur Radio programme, Petroleum 101.”

LOCAL CONTENT POLICY WOULD MITIGATE RISK FOR INVESTORS – GCCI PRESIDENT Nov 23, 2019 President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Deygoo-Boyer has made a strong case for the implementation of a Local Content Policy before First Oil. The businessman addressed the final day of Guyana’s second annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) at the Marriott Hotel yesterday.

There has been staunch advocacy for local content policy and legislation, and criticisms of the past policy drafts have been widespread. For Deygoo-Boyer, going into oil production before a local content policy is passed would be a failure on Guyana’s part.

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KAIETEUR NEWS

GECOM’S FAILURE TO HOLD ELECTIONS IN 2018 MUST HAVE REPERCUSSIONS - GCCI Dec 01, 2019 “The query behind the Guyana Elections Commission (GECOM) failing to hold an election when called upon—as a result of the successful No Confidence Motion against the government in December 2018—has to be laid at the feet of those in captaincy of the organization such as its Chief Executive Officer (CEO) and the Commission.

The stinging rebuke of the Commission was had this past week when key members of the domestic business community, met for the Georgetown Chambers of Commerce and Industry’s (GCCI) annual Award Ceremony at the Georgetown, Marriott Hotel.

GCCI President, Nicholas Deygoo-Boyer, in addressing the business leaders, pundits, politicians and members of the diplomatic community, juxtaposed the situation with inherent repercussions had the same obtained in the private sector.”

GCCI SLAMS GOVT. OVER POLICY IMBALANCE FAVOURING FOREIGNERS Nov 26, 2019 “The inability of local companies—large and small—to effectively compete with the plethora of foreign counterparts that are flooding Guyana in light of its emerging oil and gas industry was glaringly illustrated in articles carried in Kaieteur News over the weekend.

The reportage further demonstrates the need for the government to take a serious look at the way the domestic business community is faring, through action or inaction on the part of the administration, according to President of the Georgetown Chamber of Commerce, Nicholas Deygoo-Boyer.”

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GCCI ANNUAL REPORT 2019/2020

GCCI IN THE MEDIA 2019/2020

GCCI IN THE MEDIA 2019/2020 KAIETEUR NEWS

FORMER JAMAICA PM TO ADDRESS GCCI GALA ON CARICOM-GUYANA TRADE RELATIONS Nov 17, 2019 “Former Prime Minister of Jamaica, Portia Simpson-Miller, is set to address a Business gala to be hosted by the Georgetown Chamber of Commerce and Industry (GCCI) on November 28, 2019.

The Gala and Award Dinner, to be held at the Marriott Hotel, comes at a time when the Georgetown Chamber is charging Government to seriously assess the usefulness of its relationship with the Caribbean Community (CARICOM) due to the fact that trade barriers have been used time and time again to disenfranchise Guyanese businesses.”

Former Prime Minister of Jamaica, Portia Simpson-Miller

LOCAL CONTENT POLICY… OIL COMPANIES AND SUBCONTRACTORS SHOULD REGISTER OFFICES HERE – GCCI PRESIDENT Sep 19, 2019 President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Deygoo-Boyer, wants Guyana to be armed with a robust Local Content Policy that allows for partnerships between local and foreign suppliers along with requiring overseas based subcontractors to have registered offices here.

Deygoo-Boyer made these comments on a recent panel discussion that focused on local content. He was joined by Local Content Expert, Anthony Paul and Ramps Logistics Chief Operating Officer (COO), Shaun Rampersad.

GCCI President, Nicholas Deygoo-Boyer

Local Content Expert, Anthony Paul

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GCCI IN THE MEDIA 2019/2020 KAIETEUR NEWS

DRAFT LOCAL CONTENT POLICY GCCI LOBBIES FOR APPRENTICESHIP PROGRAMMES TO HELP BOOST LOCAL CAPACITY FOR OIL SECTOR Aug 11, 2019 “The Georgetown Chamber of Commerce and Industry, (GCCI) has been lobbying for among other things, apprenticeship and understudy programmes, which will aid in boosting the skills of locals in the emerging oil and gas sector.

In its model proposal on local content legislation, the GCCI called for a deliberate and explicit plan for skills transfer and development of the indigenous capacity needs to be articulated in the local content policy.”

GET COMPLIANT WITH INDUSTRY STANDARDS, AND THE OIL COMPANIES CAN’T RULE YOU OUT – GCCI TELLS LOCAL BUSINESSES Sep 05, 2019 “Senior Vice President at the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said that if locals get compliant with global industry standards, the international players can’t rule them out.

“You will get contracts.” Tucker said, during a press conference at the Chamber’s headquarters, last Tuesday.

The Chamber had had its inaugural business development forum in 2018, which focused on making businesses competitive and compliant with industry standards.

Now, it has the second forum slated for September 27-28, 2019.”

FORMER JAMAICAN PM TELLS GUYANESE LEADERS… AS ECONOMY IMPROVES, IT IS VITAL LOCAL BUSINESSES ARE NOT DISADVANTAGED Nov 30, 2019 “The Georgetown Chamber of Commerce and Industry (GCCI) on Thursday evening hosted regional and domestic business captains, politicians and members of the diplomatic corps. At the function, it doubled down on its call for a restructured approach to fiscal and other investment incentives afforded to the local private sector and a more ‘codified’ level, playing field...

The growing chorus by sections of the Guyanese business community was echoed by former Jamaican Prime Minister, Portia Simpson Miller—guest speaker at this year’s GCCI’s annual Gala and Business Awards Ceremony.”

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GCCI IN THE MEDIA 2019/2020 KAIETEUR NEWS

GUYANA, JAMAICA BUSINESS CHAMBERS SEEK PARTNERSHIP Jan 24, 2020 “With the aim of strengthening bilateral trade between the two states, the Georgetown Chamber of Commerce and Industry (GCCI) in collaboration with the Jamaica Chamber of Commerce (JCC) have planned to facilitate an incoming trade delegation of 10 Jamaican countries.

According to a release from GCCI, the various countries are involved in numerous sectors including information communications technology (ICT), financial services, business support services, manufacturing, real estate development and distribution.”

WE HAVE TO DO WHAT IS BEST FOR GUYANA, US AMBASSADOR PROTECTING AMERICA’S INTEREST - SAYS GCCI IN RESPONSE TO SENIOR DIPLOMAT’S COMMENTS ON GUYANA’S LOCAL CONTENT PUSH

Sep 04, 2019 “During a press brief yesterday at its boardroom, as the GCCI announced its Business Development Forum to be held later this month, the question was posed how it contends with Lynch’s statement, given that the Chamber has been on the forefront of local content advocacy.

Senior Vice President of GCCI, Timothy Tucker, said that Lynch is doing her job as a public servant of the United States….

“We are the Georgetown Chamber of Commerce and we have to do what is best for Guyanese businesses. And that’s why the Chamber has always been supportive of local content because it is what is best for Guyanese businesses.”

Tucker added.”

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GCCI ANNUAL REPORT 2019/2020

GCCI IN THE MEDIA 2019/2020 KAIETEUR NEWS

BUSINESS CHAMBER LAUNCHES DRAFT LOCAL CONTENT LEGISLATION PROPOSES 10% PENALTY FOR OIL COMPANIES IN BREACH OF IT Dec 12, 2019 “The Georgetown Chamber of Commerce and Industry (GCCI) on Monday released its model Local Content legislation, intended to promote the development of Guyanese companies and Citizens of Guyana involved in what would be the budding petroleum sector.

Within the draft legislation, the Chamber unfolded the document in three parts, which would seek to address key areas such as preliminary scope interpretation, Guyanese local content development and monitoring and accountability of the contractors/ operators.”

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GCCI IN THE MEDIA 2019/2020 STABROEK NEWS

GEORGETOWN CHAMBER WANTS OVERSIGHT BODY FOR OIL AND GAS LOCAL CONTENT POLICY October 22, 2019 “The Georgetown Chamber of Commerce and Industry (GCCI) has released a detailed response to the third draft of Guyana’s Local Content Policy (LCP) for the oil and gas sector in which they argue that a Local Content Dialogue Commission (LCDC) should be established as the formal mechanism for oversight of the policy.

According to the GCCI, while the state has the function to advance the welfare of the Guyanese people there are other extremely important stakeholders in the petroleum sector and national development process therefore the commission should include “government, operators, civil society, academia and private sector.”

GEORGETOWN CHAMBER CONCERNED AT GECOM PLAN TO REMOVE 28,000 NAMES November 5, 2019 “The GCCI wishes to highlight that such a decision would be regarded as unconstitutional given that this is in contravention to the Chief Justice’s ruling on this matter which is very explicit. Secondly, an Identification Card is not a requirement to vote since registered voters can also vote by way of presenting a valid passport or other form of Identification”, the GCCI said.”

CITY CHAMBER WANTS SINGLE DEVELOPMENT PLAN, RESTORATION OF PM AS HEAD OF GOV’T November 29, 2019 “The Georgetown Chamber of Commerce and Industry (GCCI) has called for a single development plan for the country that doesn’t change with governments and wants constitutional reforms that will see the restoration of executive functions to a Prime Minister sitting in Parliament with only certain constitutional functions performed by a President.”

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M&CC, CITY CHAMBER SEAL COOPERATION PACT May 4, 2019 “The Mayor and City Councillors (M&CC) of Georgetown have signed a one-year Memorandum of Understanding (MoU) with the Georgetown Chamber of Commerce and Industry (GCCI) for formal cooperation in seven areas, including rates, security and garbage collection in the capital.

According to the MoU, which was seen by Stabroek News, the City and GCCI will meet every two months and maintain close contact so as to collaborate on municipal and corporate development within the boundaries of the city.”

CHECK TO SEE IF CARICOM STILL RELEVANT TO GUYANA - CITY CHAMBER EXECUTIVES November 14, 2019 “The Georgetown Chamber of Commerce and Industry (GCCI) believes Guyana must review its place in CARICOM and decide whether it is beneficial to remain part of the block, and that the country should leverage the looming opportunities in the petroleum sector to secure better trade arrangements with sister States.

These positions were argued by GCCI Senior Vice President, Timothy Tucker, and former president and executive member, Deodat Indar during a press conference at the entity’s headquarters yesterday.

CITY CHAMBER URGES ADHERENCE TO TRAFFIC LAWS December 20, 2019 “Amid continuing horrific accidents, the Georgetown Chamber of Commerce and Industry (GCCI) yesterday urged all road users to “stringently uphold traffic laws and regulations, and exercise good judgement when using the roadways by observing the five C’s – care, caution, consideration, common sense and courtesy.

Decrying what it said was the current road safety crisis, the GCCI in a statement said that this is a major social, economic, development and health concern and the increase in road traffic accidents is alarming.”

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JAMAICAN TRADE MISSION ON VISIT TO GUYANA January 27, 2020 “(Jamaica Observer) An eight-person Jamaican “mini” trade mission is now in Guyana for a five-day series of briefings by public sector entities, as well as business-to-business meetings with private sector leaders there.

The Jamaica Chamber of Commerce (JCC) is collaborating with its Guyana counterpart at the Georgetown Chamber of Commerce & Industry (GCCI) to arrange meetings with potential business partners.”

CITY CHAMBER WANTS FULL DISCLOSURE ON ALLOCATION OF STATE LANDS November 15, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) is calling for enhanced transparency in the allocation of state-owned lands, inclusive of a public reporting mechanism to show how, and to whom, for how much, and for how long state lands have been leased.

The GCCI also says that any leasing of former sugar estates should be done in a way that optimises land use, and provides benefit for the persons who live around such lands.

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NEW GCCI PRESIDENT EXPRESS WORRY OVER LOCAL POLITICAL SITUATION March 26, 2019 Newly elected President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Boyer on Monday told a news conference that he is worried about the political uncertainty that exists in Guyana after the Court of Appeal ruled in favour of the Government to on the no-confidence motion which was passed on December 21, 2018 According to Boyer, he as well as the entire country is in suspense as to what will take place in Guyana should the Caribbean Court of Justice (CCJ) rule that the motion of no-confidence was, in fact, validly passed.

“SHOW US THE LIST OF DEFAULTERS” – GCCI TO MAYOR April 10, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) has requested that Mayor of Georgetown, Ubraj Narine provide a list of the businesses that owe taxes to the entity after it was announced last week that over 140 city businesses owe City Hall taxes.

On Tuesday, the GCCI encouraged the Mayor to release the names of those who owe outstanding taxes while also expressing that the body is extremely disappointed by the “public and broad brush attack on the integrity of the entire business sector” by the Mayor.

In fact, the GCCI said it looks forward to being briefed on M&CC’s plan for the city as well as its financial position.”

GCCI CALLS FOR GUYANESE TO REJECT “DISTURBANCES” CALL BY POLITICIANS July 11, 2019 Recognising that the Government and Opposition have not yet been able to see eye to eye on a nominee to serve as Chairman for the Guyana Elections Commissions (GECOM)—although the Caribbean Court of Justice (CCJ) is set to hand down consequential orders on Friday— the Georgetown Chamber of Commerce and Industry (GCCI), through its President, Nicholas Boyer, has called on citizens to not allow politicians to control their actions.

Boyer made this appeal at the launch of the Business Guyana Magazine 2019, hosted at Pegasus Hotel.

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GCCI CALLS GOVT OUT ON INADEQUATE PREPARATION FOR FIRST OIL July 12, 2019 Acknowledging that the passage of the No-Confidence Motion would delay the full implementation of the necessary frameworks ahead of first oil slated for early 2020, President of the Georgetown Chamber of Commerce (GCCI) Nicholas Boyer posited, however, that the governing coalition had sufficient time to put systems in place, especially since oil in commercial quantities was discovered simultaneously when it entered office over four years ago.

“PROCLAIM A DATE” – GCCI TO GRANGER September 20, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) is calling on President David Granger to issue an election proclamation in keeping with the Constitution of the Cooperative Republic of Guyana. “We call on the President to proclaim a date, not later than the earliest date suggested by the GECOM Chair, for the General Elections in accordance with his powers stipulated in Article 61 of the Constitution of the Cooperative Republic of Guyana,” the GCCI said in A statement.

The statement came after Guyana Elections Commission Chairperson, Retired Justice Claudette Singh informed the President that the Commission would be ready to execute elections by the end of February 2020.

PARTICIPATION IMPORTANT FOR BOOSTING LOCAL CONTENT OPPORTUNITIES – GCCI September 20, 2019 Speaking at a recently held press conference, President of GCCI Nicholas Boyer said that participation at the OTC is necessary for local content development. He had noted that it allows for Guyanese businesses to learn and seek partnerships in pursuit of the emerging opportunities in the South American country.

GCCI represents more than 240 companies in Guyana and has been advocating for local content development, with emphasis on oil and gas, over the past two years. “Participating at OTC will help us to bring more of the supply chain on to Guyana’s shores,” he said.

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ENTREPRENEURS TO VIE FOR FUNDING July 12, 2019 To mark their second consecutive year conducting the Business Development Forum, the Georgetown Chamber of Commerce and Industry (GCCI) has announced the launching of a grant for entrepreneurs who can present the best business plan.

The forum, which is in its second consecutive year, was launched under the theme ‘Evolve your brand; fuel your finance’. At the launch, GCCI Vice President Timothy Tucker made the announcement of the grant, which entrepreneurs in the room would have to vie for.

In order to be picked, however, their plans will first have to be evaluated by a GCCI panel.

A section of the gathering at the launching of the Business Forum

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GCCI ON BOARD FOR FIFTH WOMEN IN BUSINESS EXPO November 22, 2019 CELEBRATING massive growth and a new partnership with the Georgetown Chamber of Commerce and Industry (GCCI), the Sonia Noel Foundation of the Creative Arts (SNFCA), on Thursday, launched its fifth edition of the Women in Business Expo, at the Pegasus Hotel.

The two-day event scheduled for 22-23 March, 2020, will be held in collaboration with the Women’s Association for Sustainable Development (WASD), and is scheduled to see the participation of a number of overseas businesses.

GCCI APPLIES FOR OBSERVER STATUS FOR ELECTIONS November 14, 2019 -requests meeting with elections commission THE Georgetown Chamber of Commerce and Industry (GCCI) has made an official request to be an observer for the upcoming March 2, 2020, General and Regional Elections.

GCCI had sent an official request to the Guyana Elections Commission (GECOM), said President of the GCCI, Nicholas Boyer during a press briefing, on Wednesday.

“The GCCI has requested a meeting with the commission and has requested to be an observer for the elections,” said Boyer, adding that the elections commission has since confirmed that it received the request, but the chamber has not been able to meet with GECOM as yet.

GCCI HOSTS FIRST NETWORKING EVENT FOR WOMEN IN BUSINESS October 23, 2019 THE Georgetown Chamber of Commerce and Industry (GCCI) held its first event for women in business, and attracted a huge turnout at the Pegasus Hotel on Friday evening The cocktail style event was named “Connecting Women in Business”, and as the name suggests, scores of women attended, showcasing their brands, and networked with other women entrepreneurs. Given that this month is designated Breast Cancer Awareness month, most of the women were clad in pink attire, showing their support for the cause.

Chairperson, Membership Committee of GCCI, Macaela Cameron, who was also the chairperson of the event, said that even though women continue to face many societal challenges, they continue to persevere “and most of all, we continue to do so with our heads held high,” she said.

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M&CC, GCCI COLLABORATE TO EXECUTE DEVELOPMENT IN CITY May 4, 2019 THE Mayor and City Council (M&CC) signed a Memorandum of Understanding with the Georgetown Chamber of Commerce and Industry (GCCI) on Friday in the council’s chambers.

This agreement will ensure that the two parties maintain close contact and collaborate on municipal and corporate developments within city boundaries.

At the signing, Mayor of Georgetown Ubraj Narine noted that the collaboration has created history and it is through collaboration that the council can successfully fulfil its mandate.

GCCI President, Nicholas Deygoo-Boyer, said that the GCCI has a vested interest in seeing the city do well. He commended the new energy of M&CC and committed to supporting them.

GCCI IN THE MEDIA 2019/2020 NEWS ROOM

GCCI WANTS CODE OF ETHICS FOR PARTIES CONTESTING MARCH 2 POLLS Dec 2, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) wants a code of ethics to be implemented for parties contesting the elections in March.

Speaking at an event recently, President of the GCCI, Nicholas Deygoo-Boyer noted that “this is necessary given the contentious nature of our elections and the history of appealing to “ethno security” fears that have gone on in past elections.”

It is the Chamber’s view that future elections in Guyana should be about principles and visions for the development of the nation.

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GCCI TARGETING 40 BUSINESSES FOR $28.5M AGRO-PROCESSORS Nov 1, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) is undertaking a $28.5M project to help local agro-processors improve their standards and capabilities.

The project is funded by the Caribbean Development Bank (CDB) and local partners.

Speaking with the NewsRoom on Friday morning, Project Manager Eusi Evelyn noted that the developing oil and gas industry is one which is highly standardized.

As such anyone who wants to supply the industry will need to ensure their products are the best.

EUROPEAN COMPANIES EAGER TO GET INTO GUYANA AND PARTNER WITH LOCALS – GCCI Sep 11, 2019 Companies attending a European petroleum exhibition have expressed a keen interest in partnering with Guyanese companies in supplying products and services to the oil industry.

The Georgetown Chamber of Commerce and Industry (GCCI) which fielded a delegation to the recent Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition in Aberdeen, Scotland has signed an agreement that offers prospects for collaboration.

For the GCCI, which is made up of some of the country’s leading businesses, signing a Memorandum of Understanding with the Aberdeen and Grampian Chamber of Commerce was a big deal.

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GCCI URGES WOMEN TO TAKE THE LEAD IN BUSINESS Sep 27, 2019 President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Boyer on Friday urged women to take up leadership roles in the business sector.

As the GCCI opened its second annual business development forum at the Pegasus Hotel in Kingston, Georgetown, Boyer said the Chamber will also be using the forum to push female empowerment along with small, medium and micro-enterprises.

“What we need to do is to have the conversations and foster the conversations in the small and medium-sized and micro-enterprises that allow more women entrepreneurs to continue to break that glass ceiling in Guyana,” he said.

GCCI BUSINESS DEVELOPMENT FORUM RETURNS FOR SECOND CONSECUTIVE YEAR Sep 3, 2019 Hosted for the first time in 2018, the Georgetown Chamber of Commerce and Industry’s (GCCI) Business Development Forum has returned for a second time. The 2019 forum which is to be hosted between September 27 and 28 at the Pegasus Hotel in Kingston, Georgetown was launched on Tuesday by GCCI Executives and its partners.

This year, those attending will be asked to pay a registration fee of $7500, a reduction from the $20,000 that was charged last year. GCCI’s Executive Director Richard Rambarran explained that this is to facilitate and make the forum accessible to as many businesses and persons as possible.

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CHAMBER’S FORUM ON LOCAL CONTENT POLICY RECEIVES MASSIVE TURNOUT August 22, 2019 Members of the business community, the public and key stakeholders turned out in large numbers to the first open forum on Guyana’s 3rd draft Local Content Policy (LCP) organised by the Georgetown Chamber of Commerce and Industry (GCCI) with support from OilNOW. The event was held on Wednesday evening in the country’s capital, Georgetown.

The forum got underway with a presentation on the draft LCP by GCCI’s Executive Director, Richard Rambarran who provided an overview of the document, with focus on the structure, policy objectives and key points.

TULLOW OIL TALKS UP LOCAL CONTENT WITH GUYANA BUSINESS GROUP August 22, 2019 A team of officials from Tullow Oil, led by CEO Paul McDade, met with members of the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday in Guyana’s capital, Georgetown, for wide-ranging discussions ahead of the company’s 3-well drill campaign offshore the South American country.

The almost 2-hour long discussions focused on the company’s corporate policies, with emphasis on its commitment to local content development and long-term approach should its drill campaign in Guyana be successful.

CHAMBER TO LAUNCH BUSINESS DIRECTORY ON DAY 1 OF GIPEX November 15, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) will be moving to launch its Business Directory on the evening of the first day of the Guyana International Petroleum Exhibition and Summit (GIPEX) set to take place on November 20 – 22.

“The Business Directory is intended to be a publication that speaks to the capacity of local businesses. We have members who can provide products and services in various sectors. So, in one document a person would be able to understand what services and goods the members of the Chamber can provide,” GCCI President Nicholas Boyer, told OilNOW on Wednesday.

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GUYANESE BUSINESSES URGED TO PUSH FOR MEANINGFUL PARTICIPATION IN O&G July 11, 2019 Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American country prepares for first oil, now just months away.

This is the advice from Executive Secretary of the GuyanaGhana Chamber of Commerce, Nuertey Adzeman.

Adzeman is also the Executive Director of the Ghana Oil and Gas Service Providers Association. He spoke to the media after signing a two-year Memorandum of Understanding with the Georgetown Chamber of Commerce and Industry (GCCI) on Wednesday.

TRINIDAD INVESTORS WELCOMED IN GUYANA IF ENTERING THROUGH FRONT DOOR – CHAMBER PRESIDENT October 22, 2019 “We need to work together to encourage investment

by Trinidad in a manner that benefits Trinidadian and Guyanese firms, especially the Trinidadian firms who set up more than a shell office with the address of the lawyer that incorporated [them], and the firms who hire and train local Guyanese and don’t repatriate all or most of the profits but instead reinvest it here,” Deygoo-Boyer said in a recent press statement. “How will we know those firms?

They will not be the ones entering through the backdoor.

They will come to the front door and shake hands with the local private sector.”

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OTC 2019: CHAMBER PRESIDENT EXPECTS INCREASED PARTNERSHIPS August 22, 2019 Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event.

The President of one of the largest groups representing businesses in the South American country anticipates increased partnerships, going forward.

“We have a lot of people talking, networking, learning, visiting our booth and learning a lot more about Guyana – this new frontier in the oil industry,” President of the Georgetown Chamber of Commerce and Industry (GCCI), Nicholas Boyer, said on the sidelines of the event.

“The energy has been extremely positive and we are going to see a lot of partnerships starting to happen,” he pointed out.

GCCI IN THE MEDIA 2019/2020 INEWS

AMERICAN CHAMBER, GCCI ADD VOICE FOR GOVT TO RESPECT CCJ RULING July 22, 2019 In a strongly worded statement, the GCCI said that it is cognisant of the current political climate and its impact on the business sector and Guyana as a whole.

The GCCI said that uncertainty in the political arena has grave implications for investment, consumption and by extension, economic growth of the country. It added that businesses require certainty and stability in their external environment, which foster the confidence to invest. It went on to explain that it is the role of the Government to provide a stable environment which is conducive to business.

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MANAGEMENT OF OIL SECTOR SHOULD BE MOVED AWAY FROM DIRECT CONTROL OF POLITICIANS – GEORGETOWN CHAMBER August 20, 2019 Reports about disproportionate agreements with oil companies have prompted the Georgetown Chamber of Commerce and Industry (GCCI) to reiterate calls for the government to set up an adequate regulatory environment for the oil and gas industry.

Making this call was GCCI President Nicholas Boyer, who on Monday spoke during a press conference at the British High Commissioner’s residence.

According to Boyer, the chamber has called time and time again for the government to speed up preparations for first oil...

“We need to set up our regulatory bodies for the oil industry. Until we set up a petroleum commission and as part of that commission you have a local content committee and whatever other parts you need to regulate it, insulate that from too much political control, until you do that, if you notice with the Exxon and Tullow contracts, there are very varying terms.”

GCCI IN THE MEDIA 2019/2020 DEMERARA WAVES

16% INTEREST RATE “RIDICULOUS” FOR BUSINESSES TO BORROW FROM COMMERCIAL BANKS – GCCI September 3, 2019 The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday said its planned Business Development Forum would be geared to helping small businesses find other sources of financing. Senior Vice President of the GCCI, Timothy Tucker says that’s because interest rates at commercial banks are very steep compared to crowd-funding, bootstrapping and equity.

“Apart from electricity costs in manufacturing, is financing a business? At 16 percent interest rate on a commercial loan, it’s ridiculous for us to be competitive in any sense of the word ‘competitive’ and that’s the banking sector. That lies primarily on how much it costs to borrow.

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GEORGETOWN CHAMBER OF COMMERCE FORGES ALLIANCE WITH GHANA CHAMBER July 10, 2019 On the heels of the recent state visit to Guyana by the President of Ghana, the Georgetown Chamber of Commerce and Industry today signed a Memorandum of Understanding with the Guyana-Ghana Chamber of Commerce.

The agreement seeks to provide the platform for cooperation between the two chambers in the area of trade and business development and opportunities.

President of the Georgetown Chamber of Commerce, Nicholas Boyer, explained that the Chamber sees a potential trading partner in Ghana.

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April 1, 2019 - GCCI Participates in Launch of the Caribbean Chambers of Commerce Executive Director, Richard Rambarran, attended the Technical Sessions of the Network of Caribbean Chambers of Commerce (CARICHAM) and the Launch of CARICHAM in Barbados. During this time, the Executive Director also paid a courtesy call to the Caribbean Development Bank (CDB) and the Barbados Chamber of Commerce.

April 1 2019 GCCI Meets with Surinamese Ambassador to the UN - The GCCI met with Surinamese Ambassador to the UN, Honourable Henry Mc Donald, to discuss the organization of a Guyana Shield Trade & Business Fair in 2020, as well as exploring opportunities for Surinamese Businesses in Guyana.

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MEETINGS AND EVENTS April 4, 2019 - GCCI & GTA Discuss Capacity Building Project for Tourism Sector - THE GCC met with Mr. Brian Mullis, Executive Director of the Guyana Tourism Authority (GTA) to discuss a Caribbean Development Bank (CDB) project that is being executed by the Chamber. Barbados Chamber of Commerce.

April 9, 2019 - GCCI makes Courtesy Call to US Ambassador - Members of the GCCI’s Executive Management Committee (EMC) paid a Courtesy Call to U.S. Ambassador to the Co-operative Republic of Guyana, Sarah-Ann Lynch.

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April 10 , 2019 - GCCI Meets with DAI Group - Members of the GCCI met with Eric Postel & David Hall of the DAI Group. In this engagement, the DAI sought to get a better understanding of the current socio-economic environment in Guyana.

April 15 , 2019 - GCCI discusses stakeholder engagement plans with Exxon - The GCCI met with Janelle Persaud, Public & Government Affairs Advisor of ExxonMobil Guyana. The two entities discussed Exxon’s plans for key stakeholder engagements as well as possible areas of collaboration with the GCCI as part of their community development strategy.

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MEETINGS AND EVENTS April 16 , 2019 - GCCI pays courtesy call to Canadian High Commissioner - Members of the Executive Management committee paid a courtesy call to the Canadian High Commissioner, H.E. Lilian Chatterjee.

April 23 , 2019 - GCCI pays Courtesy Call to British High Commissioner - Members of the Executive Management committee paid a courtesy call to the British High Commissioner, H.E. Greg Quinn.

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MEETINGS AND EVENTS April 24, 2019 - GCCI Pays Courtesy Call to Vice-Chancellor of University of Guyana - Members of the GCCI’s Executive Management Committee paid a courtesy call to then Vice-Chancellor of the University of Guyana, Professor Ivelaw Griffith. Discussions were focused on private sector support for the University of Guyana and other areas of collaboration.

May 3 , 2019 - GCCI & M&CC Sign MoU - GCCI President, Mr. Nicholas Deygoo-Boyer, and His Worship the Mayor, Councillor Ubraj Narine of the Georgetown Mayor and City Council signed a Memorandum of Understanding (MOU).

The MoU guides the relationship between the two organizations on matters of mutual interest such as: General Rates, Public Security within the City, Building Codes, building bylaws and Safety Regulations for Construction Procedures, Infrastructure Development, Environment, including Garbage Collection & Public Health, Public Education and Awareness, and Information Sharing, Training and Capacity Building.

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MEETINGS AND EVENTS May 23 , 2019 - GCCI Meets with Cuban Ambassador - Mr. Timothy Tucker, Senior-Vice President, and members of the Executive Management Committee (EMC) met with Mr. Narciso Reinaldo Amador Socorro, Ambassador of Cuba, to discuss ways to strengthen the relationship between the business community and Cuba.

June 20, 2019 - GCCI meets with GO-Invest - Senior representatives of the GCCI met with Mr. Owen Verwey, CEO of the Guyana Office for Investment, to discuss areas of collaboration and investment opportunities for local companies.

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MEETINGS AND EVENTS July 5, 2019 - GCCI Launches 10th Edition of Business Guyana Magazine - The GCCI launched the 10th Edition of its Business Guyana Magazine, titled, “Guyana: Potential Unleashed”. Speeches were delivered by Industry Speaker Mr. Doug McGehee, Upstream Geoscience Manager at ESSO Exploration and Production Guyana Ltd., and Featured Speaker, Dr. Justin Ram, Director-Economics of the Caribbean Development Bank (CDB).

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MEETINGS AND EVENTS July 15 , 2019 - GCCI Trade and Investment Committee Engages GLDA - Members of the Trade and Investment Committee met with representatives of the Guyana Livestock Development Authority (GLDA) to discuss issues concerning meat and poultry, policies and programmes of the GLDA, the establishment of a locally accredited laboratory, as well as other issues faced by the poultry and livestock community.

July 17 , 2019 - GCCI discusses CSR initiatives with HESS Oil Company - Members of the GCGI met with Dr. Jorge Ramirez of Harvard University. Dr. Ramirez is working on a proposal that will form part of The Hess Oil Company Corporate Social Responsibility (CSR) Program.

July 16, 2019 - GCCI receives Courtesy Call from Ambassador of Japan - The GCCI received a courtesy call from His Excellency, Tatsuo Hirayama, Ambassador of Japan.

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MEETINGS AND EVENTS July 17, 2019 - GCCI Meets with One Basin Three Nations (OBTN) team - Executive Director of the GCCI, Richard Rambarran, met with representatives from One Basin Three Nations (OBTN) to discuss areas of possible collaboration.

July 23 , 2019 - GCCI Meets with Retired GECOM Chairman - Members of the GCCI met with Dr. Steve Surujbally to understand the workings of the Guyana Election Commission (GECOM) and the operations of the electoral process.

August 13 , 2019 - GCCI meets with CLDB to discuss Local Content - Members of the GCCI met with representatives of the Centre for Local Business Development (CLBD) to discuss possible areas for collaboration between the Chamber and the CLBD in the oil and gas sector.

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MEETINGS AND EVENTS August 21 , 2019 - GCCI hosts Roundtable Discussion on draft Local Content Policy - The GCCI hosted a Roundtable Discussion on Guyana’s third draft of the Local Content Policy. The event saw an exchange of several different viewpoints on the strengths and weaknesses of the latest draft.

September 3 , 2019 - GCCI Signs MoU with Aberdeen & Grampian Chamber of Commerce - The GCCI signed an MoU with the Aberdeen & Grampian Chamber of Commerce at the Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition. The MoU is intended to create and strengthen links between the two Chambers for the enhancement of trade and for information sharing relating to issues of policy and trade development.

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MEETINGS AND EVENTS September 6 , 2019 - GCCI Engages CDC on Hurricane Dorian Relief Efforts - Members of the GCCI met with the Civil Defense Commission (CDC) to discuss relief efforts being undertaken for the Bahamas in the wake of Hurricane Dorian. The GCCI pledged its full support to the Bahamas and committed to aiding relief and recovery efforts.

September 26, 2019 -GCCI meets with delegation of Brazilian investors - Members of the GCCI met with former Senator of the State of Roraima, Brazil, Dr. Romero Jucรก, Ambassador of Brazil to Guyana, Lineu Pupo De Paula, and a delegation of investors from Brazil. The purpose of the meeting was to discuss opportunities for investment in Guyana.

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MEETINGS AND EVENTS September 27-28, 2019 - The Chamber hosted its second annual Business Development Forum under the theme “Evolve Your Brand, Fuel Your Finance.” The two-day event covered topics from digital marketing strategy to innovative startup financing

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October 15, 2019 - GCCI hosts Customers Service Strategy Breakfast Seminar - The GCCI collaborated with T&T Business Etiquette and Protocol Specialists Limited (TTBEPS) to host a Breakfast Seminar titled “Guyana’s Customer Service Strategy.”. Among the topics covered were customer service strategy, employee empowerment and value added service.

October 17th, 2019 - GCCI & CDB launch capacity building project for Agro-Processors - The GCCI and the Caribbean Development Bank (CDB) launched the “Improving Quality Standards of Agro-Processors through Training” Project. The project will build capacity, increase standards and certification, improve labelling and packaging and provide technical support to at least 20 firms in the agro-processing sector.

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MEETINGS AND EVENTS October 18th, 2019 - Connecting Women in Business Cocktail Reception - The GCCI, through its Membership and Diversity Committee, hosted a “Connecting Women in Business� Cocktail Reception. For the event, the GCCI partnered with the Cancer Institute of Guyana to spread awareness about breast cancer. Proceeds from the event were donated to the Cancer Institute of Guyana. The Chamber also partnered with Girls in Tech (GIT).

October 23 , 2019 - GCCI signs MoU with NOIA - The GCCI signed a Memorandum of Understanding (MoU) with the Newfoundland & Labrador Oil & Gas Industries Association (NOIA) as part of a mutual effort to promote the development of projects and trade in sectors of common interest related to the Oil and Gas industry and Petroleum development.

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MEETINGS AND EVENTS November 7th, 2019 - GCCI receives Courtesy Call from High Commissioner for Malaysia - The GCCI received a Courtesy Call from His Excellency, Datuk Lim Juay Jin, Non- Resident High Commissioner for Malaysia.

November 10th, 2019 - GCCI meets with Venezuelan Chamber of Commerce - Members of the Chamber met with a delegation from the Venezuelan Chamber of Petroleum. The intent of the meeting was to discuss opportunities for collaboration in the local oil and gas industry.

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MEETINGS AND EVENTS November 20th, 2019 - GCCI Launches Business Directory 2019-2020 - The GCCI launched its Business Directory for the year 2019/2020 during a cocktail reception which was held at the Pegasus Hotel Guyana. The Business Directory provides details of over 300 commercial, industrial and professional companies that are members of the GCCI.

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November 28th, 2019 -GCCI hosts 130th Annual Awards Ceremony & Gala Dinner - The Georgetown Chamber of Commerce and Industry (GCCI) hosted its 130th Annual Awards and Gala Dinner on Thursday, November 28th, 2019 at the Guyana Marriott Hotel. It was a great evening with many in attendance to honor the Award Recipients for 2019.

The keynote address was delivered by Former Prime Minister of Jamaica, Most Honourable Portia Simpson-Miller, O.N. Each year, the GCCI honors organisations and individuals who have achieved a standard of excellence in the business community through their abilities, efforts, and initiatives.

The Award Recipients for 2019 are as follows: Business of the Year (Large) - Demerara Distillers Limited

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Business of the Year (Small-Medium) Zeco Industrial Engineering

Lifetime Achievement Manniram Prashad

Women in Business Avia Maria Lindie

President’s Award Impressions

Chamber’s Award Terry Singh

Young Business Executive Gregory Shaw

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Award for Local Innovation UMAMI Inc.

Corporate Citizenship Award Comfort Sleep

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MEETINGS AND EVENTS Public Service Award of Excellence Department of Foreign Trade, Ministry of Foreign Affairs

Media Award OilNOW Guyana

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MEETINGS AND EVENTS December 11th, 2019 - GCCI hosts seminar on “Planting, Training and Management of Trees in Urban Areas”Executing its mandate to provide information on methods that are in accordance with sustainable ecological practices, the GCCI’s Green Economy Committee hosted a one day classroom-style introductory training on “Planting, Training and Management of Trees in Urban Areas”. The training was conducted by Horticulturist and Agroforestry Specialist, Dr. Patrick Chesney.

January 13, 2020 - GCCI Receives Courtesy Call from Team of Malaysian Investors - Officials of the GCCI met with a team of investors from Prospek Suria Sdn Bhd, a Malaysian company specializing in the prospecting, development and trade service of nonferrous metal mineral sources. The Malaysian delegation was headed by Ahmad Shabrimi Mohamed Sidek, Special Officer, Minister of Economic Affairs.

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January 14, 2020 - GCCI receives courtesy visit from Dominican Republic-Guyana Chamber - The Executive Members of the GCCI met with President of the newly established Dominican Republic-Guyana Chamber of Commerce, Ambassador Juan Guiliani Cury. The intent of the meeting was to discuss bilateral chamber business collaboration opportunities.

January 20, 2020 - GCCI makes donation to Cancer Institute of Guyana - The Membership Committee made a contribution of GYD $100,000 to the Cancer Institute of Guyana. Proceeds were taken from the Women in Business Cocktail Mixer that was held in commemoration of breast cancer awareness in October 2019.

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MEETINGS AND EVENTS January 31, 2020 - GCCI discusses investment opportunities with Barbados’ Foreign Trade Minister - Senior representatives of the GCCI met with Barbados’ Minister of the Foreign Trade Division in the Ministry of Foreign Affairs and Foreign Trade, Honourable Sandra Husbands and officials of the Barbados Investment & Development Corporation (BIDC) to discuss opportunities for investment.

January 22, 2020 - Private Sector Assures US Congressional Delegation of its Commitment to Free and Fair Election Process - President of the GCCI, Nicholas Deygoo-Boyer, participated in a meeting with a visiting USA Congressional Delegation which comprised of Congressman Albio Sires (D-8, NJ), Chairman of the Western Hemisphere Subcommittee of House Foreign Affairs Committee (HFAC), Congressman Gregory Meeks (D-5, NY), Rep. Yvette Clarke (D-9, NY), and United States Ambassador to Guyana, Sara Ann Lynch. Representatives of the private sector expressed their commitment towards encouraging an environment conducive to free, fair, inclusive and participatory elections on March 2nd, 2020.

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January 23, 2020 - GCCI & AVASANT Foundation host Digital Skills Training Information Seminar - The GCCI partnered with the AVASANT Foundation to host a Digital Skills Training Information Seminar. The AVASANT Foundation is the executing agency for the Digital Skills Training Program which is being funded by the IDB Lab. Through the program, disadvantaged youth will be trained in demand-driven technology and soft skills.

January 27, 2020 - GCCI welcomes Jamaican Delegation with eye on strengthened trade ties - The GCCI welcomed a trade delegation of eight (8) companies from Jamaica on Monday, January 27, 2020. The trade mission was organized by the GCCI and the Jamaica Chamber of Commerce (JCC) with the aim of deepening business linkages between the two countries.

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MEETINGS AND EVENTS February 12, 2020 - GCCI hosts “Doing Business with Finland” Seminar - Delivering on its mandate to provide new business opportunities for local businesses, the GCCI partnered with Finnpartnership, a business partnership programme financed by the Ministry for Foreign Affairs of Finland, to host a “Doing Business with Finland” Seminar.

February 11, 2020 - GCCI & CreditInfo Guyana host Credit Risk Management Seminar - CreditInfo Guyana facilitated an Information Session for members of the Georgetown Chamber of Commerce and Industry (GCCI). The CreditInfo Team presented on “Effective Credit Risk Management Strategies for Improved Profitability, Collections and Compliance.”

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MEETINGS AND EVENTS February 7, 2020 - GCCI hosts seminar on Metering in the O&G Industry- The GCCI partnered with Haimo Technologies Group Corp. to host a seminar on “Metering in the Oil and Gas Industry”. The introductory seminar served the purpose of raising awareness on metering technology for the oil and gas industry.

February 7, 2020 - GCCI meets with GYEITI to discuss working relationship - The GCCI and met with the Guyana Extractive Industries Transparency Initiative (GYEITI) to discuss how the two entities could collaborate on cultivating a culture of transparency in the natural resources sector. Deygoo-Boyer committed to working with GYEITI, using the Chambers’ well established countrywide network of chamber organisations to enhance public knowledge about the transparency initiative.

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STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31st, 2019

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STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31st, 2019

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STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER 31st, 2019

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STATEMENT OF CASH FLOW FOR THE YEAR ENDED DECEMBER 31st, 2019

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