OUR COVER EXPLAINED MESSAGE FROM THE PRESIDENT MESSAGE FROM THE CHAIRPERSON OF THE FUNDRAISING COMMITTEE
THE SECOND WAVE OF LOCAL CONTENT: FROM SUBCONTRACTORS TO SOLUTION PROVIDERS
GUYANA’S FORESTRY SECTOR – A PROMISING INDUSTRY BUILDING BRIDGES, BUILDING GUYANA GREEN MAGAZINE
CULTIVATING SYSTEMS: FOUR YEARS OF AGRICULTURAL TRANSFORMATION IN GUYANA THE BUSINESS CASE FOR WELLNESS
GUYANA’S MINING SECTOR - DRIVING PROSPERITY, EMPOWERING FAMILIES, SHAPING THE FUTURE INVESTOR’S ROADMAP FAST FACTS WHERE TO EAT & STAY APPLY FOR MEMBERSHIP
OUR COVER EXPLAINED
MRS. KATHY SMITH - THE WOMAN ON A MISSION TO ADVANCE PRIVATE SECTOR DEVELOPMENT AND PROPEL MSME GROWTH
When Mrs. Kathy S. Smith—Managing Director of Dynotech Construction Chemicals Incorporated—was elected as President of the Georgetown Chamber of Commerce and Industry (GCCI) in March 2025, she made history as the first woman president of the 135-yearold organisation. Her election to presidency followed years of dedicated service to the GCCI and its mission of advocating for and supporting the business community.
Mrs. Smith began her career in a field that nurtured young minds and prepared future leaders as an educator. She later successfully read for a Bachelor’s Degree in Business Management at the University of Guyana, following which she began working at the Private Sector Commission.
It was during her tenure that she became familiar with the impactful work of the GCCI. “When I ventured into entrepreneurship and established my first company, it was only natural that I took the opportunity to become a member,” she stated.
“In 2022, when I became a member, I was eager to utilise all of the opportunities that came with being a member. I joined the Construction and HSSE Committee and I was appointed as the Vice Chairperson. My company was one that was serving the Construction sector, so I was aggressive in involving myself in its work, especially serving in a sector where women are a notable minority. I participated in and supported as many activities as I could. Perhaps my peers took note of that, and in the following year, I was pleasantly surprised that I was elected to Council,” she reflected in her first address to the media as President of the GCCI.
Following her terms as Secretary in the Executive Management Committee from 2023-2024, she was reelected to Council in 2024—this time as Senior Vice President. Her determination, drive, and tenacity were evident in the work undertaken while she served as Chairperson of the Petroleum Committee.
Grit and Grace: Executing the role of presidency in a rapidly transforming economy
Upon taking office of presidency in 2025, Mrs. Smith’s agenda was pellucid—continue to propel capacitybuilding efforts for members, advance the development of Micro, Small and Medium-sized Enterprises (MSMEs) and women entrepreneurs, and foster increased opportunities for business and trade for members.
“I want to see our women equipped with the skills needed to successfully navigate the business world, and I also want to see them have opportunities. My vision is to have the Chamber of Commerce establish programmes which support women being trained in financial literacy, digital marketing and negotiation. Women entrepreneurs also need to prioritise compliance. Businesses need to be compliant with the country’s regulatory framework to access opportunities,” she iterated.
She hit the ground running, executing her work plan at a fast pace. One of her first initiatives was executing ‘Council Walkabouts’ where the Chamber’s 21-member Council took to the streets and visited businesses in Georgetown—both members and non-members—as well as vendors and micro enterprises. Her objective was to better understand how the Chamber could support the economic development of the country by aiding in the growth and transformation of the business community. These engagements did not end when the walk was over—Mrs. Smith compiled the complaints and challenges voiced by those she engaged and raised them before ministers and government officials, urging expedited interventions.
The GCCI President has held monthly engagements with government ministers and heads of agencies, as has also lobbied His Excellency, President Dr. Mohamed Irfaan Ali on matters of private sector interest—ranging from access to finance, challenges in foreign exchange, export market access and enterprise development. Serving as the Chairperson of the Advocacy, Business, and Economic Affairs Committee, she has also taken her advocacy onto international platforms—urging investors to partner with Guyanese and seeking-out potential markets for local businesses to expand their operations into—including in Houston, Texas, Washington D.C, China, and Trinidad. Through grit, grace, and intentional leadership, Mrs. Smith continues to blaze the trail in private sector development and representation.
OUR COVER EXPLAINED
THE BHARRAT JAGDEO DEMERARA RIVER BRIDGE: CONNECTING COMMUNITIES, COMMERCE AND OPPORTUNITIES
On October 5, 2025, the Bharrat Jagdeo Demerara River Bridge was commissioned—welcoming a turning point in not just transportation, but commerce and economic opportunities.
The four-lane, 2.65-kilometer, high-span fixed bridge, which features bicycle lanes and pedestrian walkways is not only a catalyst for faster commutes but also new opportunities for business.
Prior to the construction of the new river crossing which began in 2022, Guyanese relied on the two-lane Demerara Harbour Bridge, a floating steel structure that far-outlived its intended life span. The old bridge featured daily retractions and heavy traffic congestion that moved at snail’s pace. With regular closures due to immobile vehicles, the bridge—commissioned in 1978 with an intended 10-year lifespan—resulted in longer commutes, delays in travel, and for businesses increased operational costs. What was once a structure built for improved connectivity became a burdensome leg in daily travels.
When the Dr. Mohamed Irfaan Ali led government announced the commencement of construction for the new Demerara River Bridge, the Georgetown Chamber of Commerce and Industry (GCCI) welcomed the news and optimistically followed the project’s journey—each new column built represented new hope for improved infrastructure and opportunities.
When the mammoth project was completed in three years, opened gates represented new doors being opened for not only the private sector but the citizenry.
In two months of operation, the Bharrat Jagdeo Demerara River Bridge has drastically reduced travel time between regions Three and Four—decreasing the cost of transportation while creating new potential markets. The bridge is connected to a series of new road networks, highways, and bridges—reducing the time it takes to travel between the East Coast of Demerara, East Bank of Demerara, Georgetown, West Coast of Demerara, and West Bank of Demerara. For the average citizen, this means less hectic travel and reduced travel time, as well as ease in seeking employment opportunities beyond their region of residence. With the private sector experiencing challenges in access to labour, this development breath new hope of a wider pool of potential employees.
For the business community, time is money—and reduced travel time and delays means improved efficiency and reduced transportation costs. The increasing road networks and the new Demerara River Bridge also beacons new opportunities by creating easier access to new customer bases, along with the opportunity to create employment opportunities and expand operations beyond Region Four.
President of the GCCI, Mrs. Kathy S. Smith lauded the successful completion of the bridge, noting that as the country’s economy evolves, the lives of its people continue to be transformed by intentional and strategic investment by the Administration. “This bridge will impact the lives of men, women, and children in Guyana. It is more than a structure—it is the beginning of new opportunities and dreams within hand-reach,” she stated. Mrs. Smith highlighted that the bridge creates a closer connection between several infrastructural projects such as the Gas-to-Energy Project in Region Three and Silica City in Region Four, and the many housing developments within the jurisdictions.
The private sector commends the government for its commitment for improving the standard of living in the country, improving the infrastructure, and supporting the growth and advancement of business in the country.
MESSAGE FROM THE PRESIDENT OF THE GCCI MRS.
KATHY SMITH
By 2030, Guyana is projected to earn US$10 Billion annually from oil production offshore in the Stabroek Block. It was also disclosed earlier this year that the country’s total revenue received from its royalties and revenue stood at US$716.2 in May.
This rapidly developing industry, together with strategic development initiatives by the Government of Guyana have put Guyana under the global spotlight.
The intentional actions taken in the development of the oil and gas sector and the channelling of the revenues towards the diversification of the economy and improved standard of living in the country has made Guyana an ideal case study for how natural resources can be harnessed for the sustainable development of a nation.
For the private sector, the impact of the industry has been transformational and presented countless opportunities for entrepreneurs. Since 2015 to 2025, ExxonMobil Guyana’s local content spend has been more than GY$600 billion. By mid-2025, some GY$87 billion was spent directly with 1,800 local vendors and more than 6,200 Guyanese were employed by ExxonMobil Guyana and its contractors.
There has also been significant growth in investor interest in the country. The Georgetown Chamber of Commerce and Industry (GCCI) has received many inbound delegations who are eager to expand their operations in Guyana and partner with local companies.
With international attention, an influx of foreign investors who are keen on entering the local market, and the boundless opportunities presented by our evolving economy, it is clear that Guyana’s private sector must position itself to benefit from the latitude presented by this boon. Entrepreneurs must invest in developing their companies and operations to meet the needs that emanate from this evolving business landscape—beyond just your products and services, you must invest in becoming legally compliant and meeting the rigid international standards that are quickly becoming the local standard.
The GCCI advocated heavily for the Local Content Act that ensures that local companies benefit from the opportunities within the oil and gas sector. However, in order to benefit from these opportunities, local companies have to meet requirements that are on-par with global standards and be competitive with foreign companies. In the age of globalisation and rapid connectivity, it is time for our vision to expand—I believe that Guyanese companies are capable of taking their services global. We have the determination, the skill and the grit.
I encourage members to take advantage of the business missions that the GCCI fields abroad frequently and seek out opportunities and partnerships beyond these borders. Our country is growing and we must follow suit.
MESSAGE FROM THE CHAIRPERSON OF THE FUNDRAISING COMMITTEE
MR. KOMAL RAMNAUTH
It is with great pride and excitement that I extend heartfelt greetings to our readers, partners, and supporters as we present the 2025 edition of Business Guyana magazine. This year’s theme, “From Local to Global: Guyana on the World Stage,” perfectly captures the extraordinary journey our nation continues to embark upon as we transform from an emerging economy to a key player in the global marketplace.
Guyana’s story is one of resilience, innovation, and ambition. From the strengthening of our traditional sectors to the rapid growth of new industries, we are witnessing an unprecedented era of opportunity. Our entrepreneurs, investors, and business leaders are showcasing Guyana’s potential far beyond our borders, proving that local talent and ingenuity can compete - and thrive - on the world stage.
The success of this publication and the many initiatives of the Georgetown Chamber of Commerce & Industry (GCCI) would not be possible without the unwavering commitment of our sponsors, advertisers, and partners. Your support allows us to share Guyana’s evolving business narrative with audiences both at home and abroad. Together, we are not only promoting investment and development but also ensuring that Guyana’s voice is heard in the global conversation.
On behalf of the Fundraising Committee, I express my deepest appreciation to everyone who contributed to this year’s edition. Your dedication fuels our mission to highlight the vibrancy of Guyana’s economy and the boundless opportunities that lie ahead.
As you turn the pages of this magazine, I invite you to celebrate the achievements of our private sector, be inspired by the stories of innovation and growth, and join us in envisioning Guyana’s continued ascent on the world stage. Our future is bright, and together, we are making it global.
THE SECOND WAVE OF LOCAL CONTENT: FROM SUBCONTRACTORS TO SOLUTION PROVIDERS
BY RICHARD N. RAMBARRAN
When Guyana first struck oil, the country’s private sector entered an entirely new economic epoch. The discovery reshaped not only the fiscal landscape but also the imagination of what our local enterprises could become. In the years that followed, the first wave of local content policy rightly focused on inclusion, ensuring Guyanese businesses and workers had a seat at the table of this emerging industry.
That phase was about access and participation. Hundreds of local companies entered the petroleum supply chain, providing critical services in logistics, catering, transport, manpower, and facilities management. For many firms, these were the first steps into an industry defined by exacting standards, stringent timelines, and international partnerships. It was a baptism by fire, and the private sector adapted admirably.
But as the sector matures, participation alone is not enough. The real measure of success lies in how deeply Guyanese firms integrate into the value chain and how much value they create. The next stage, what I like to define as the Second Wave of Local Content, demands that we move beyond subcontracting and compliance to mastery and innovation.
From Access to Competence
The early momentum was driven by necessity: operators needed reliable local partners, and the Local Content Act created the framework for that engagement. However, many firms remain positioned on the lower rungs of the value ladder. Too few are capturing high-value activities such as engineering, fabrication, digital monitoring, or environmental management.
This is not due to lack of ambition, but rather structural constraints. Financing remains a major bottleneck. Local companies often lack access to affordable capital and the collateral base needed to scale into higher-capacity ventures. Technical knowledge and technology transfer, two essential ingredients for industrial upgrading also remain uneven.
The Shape of the Second Wave
The Second Wave of Local Content must focus now focus on depth. It should seek to consolidate and strengthen what has already been built while catalyzing new forms of enterprise that can compete regionally and globally
First, this requires strategic joint ventures that go beyond compliance. The goal should be partnerships of substance, where local and international firms co-develop solutions, share intellectual property, and transfer real technical capacity. True joint ventures are laboratories of knowledge, not paperwork exercises.
Second, we must cultivate industrial clustering. Across the world, industries thrive where firms collaborate within defined ecosystems engineering yards, marine service hubs, fabrication and assembly facilities, and logistics corridors. In Guyana, clustering around the oil economy can spur efficiency, innovation, and specialization. These clusters can also serve as bridges to other emerging sectors such as renewable energy, shipping, and downstream manufacturing.
Third, the next wave must embrace digital transformation. The oil and gas sector globally is being reshaped by data analytics, automation, and AI-driven monitoring systems. Guyanese firms that invest early in these tools—whether for predictive maintenance, environmental compliance, or operational efficiency—will build a durable competitive edge.
Finally, we must continue to reinvest in human capital. The oil economy is ultimately powered not by hydrocarbons but by people. Universities, technical institutes, and the private sector must align their training programs with the demands of the industry. Apprenticeships, internships, and certification pathways can bridge the current skill gap and create a generation of Guyanese engineers, technicians, and managers equipped to lead.
The Role of the GCCI
The Georgetown Chamber of Commerce and Industry, through its Petroleum and Local Content Committee, stands ready to drive this conversation and coordination. Our task is not only to advocate but to architect: to bring together the right mix of policy support, private investment, and institutional alignment.
The Chamber has already demonstrated the value of constructive engagement between the private sector, government, and operators. Now, we must extend that engagement into strategy: helping Guyanese firms climb the value chain, integrate technology, and capture higher returns.
The oil sector will continue to evolve, but its greatest promise lies in how it transforms the rest of our economy. When Guyanese firms shift from service providers to solution creators, from subcontractors to innovators, we will have achieved true local content; a triage of local capability, local capital, and local confidence.
The first wave secured our place at the table. The second wave ensures we help design the menu.
GUYANA’S FORESTRY SECTOR – A PROMISING INDUSTRY
BY RAFEEK KHAN - GMSA
Amongst all the extractive sectors, forestry is the only natural resource in Guyana which is commercially refined from logs to a variety of finished wood products which has been exported internationally for at least a century. Prior to the export of crude oil, the timber sector was the second largest foreign currency earner after gold. In recent years the increase in domestic demand for timber has resulted in a decrease in exports. Log exports have also decreased by at least 50% within the past decade as value-added production continues to increase. Primary production of logs currently averages around 480,000 m3 annually of which at least 70% is converted into sawn products which includes dimensional lumber, shingles, siding, decking, flooring, doors and furniture. The forestry sector employees approximately 20,000 people and contributes 3.5% to Guyana’s GDP.
The forestry sector continues to operate under the strict guidelines of the Low Carbon Development Strategy (LCDS), maintaining one of the lowest deforestation rates in the world. A key challenge remains the need for more investment in downstream processing and diversification of economic opportunities within forest communities to further reduce reliance on traditional logging. The sector is leveraging its vast, intact forests for carbon credit earnings as part of its sustainable development strategy.
Guyana is one of the most heavily forested countries in South America with 87% of its landmass covered with Pristine Forest. Guyana’s State Forest Estate has approximately 12.5 million hectares of rich biodiversity and is considered a vital asset in the global fight against climate change. Holding one of the lowest deforestation rates (0.05%) in the world, Guyana’s forest houses more than 1000 different varieties of timber species with 52% of the state forest lands allocated for harvesting under sustainable forest management rules and guidelines which have been enacted by the Government of Guyana and regulated by the Guyana Forestry Commission.
Forest monitoring and enforcement: Guyana has established a forest monitoring system that tracks changes in forest cover, carbon stocks, and biodiversity. The government has also established a forest enforcement unit to ensure compliance with forest regulations and combat illegal logging.
While Guyana’s forest is sustainably managed, there exists third party certification schemes to verify forest compliance. An example of such is the Programme for the Endorsement of Forest Certification (PEFC) which is certified under the Guyana National Forest Certification System (GNFCS).
This certification indicates that the timber was harvested legally and sustainably, ensuring environmental, social, and economic standards are met. Buyers of PEFC-certified Guyana timber can be confident they are purchasing legally harvested wood from operators who manage their forests responsibly.
It is important to note that the total allowable cut is approximately 1.2 million cubic metres. However, the country’s actual annual timber harvest is between 25-35% of its allocated forest area. This presents a major opportunity for investment in the forest sector. Increased demand for housing also presents a major opportunity for companies to invest in value-added production which yields greater profitability.
One such example is DuraVilla Homes Guyana Inc., a company that produces modular timber homes in Guyana, utilizing wood from the country’s forestry sector.
for the domestic and regional markets.
Written by: Rafeek
Photo the Urban Eco Lodge designed and constructed by DuraVilla Homes Inc. It is an initiative of the local forestry company Durable Wood Products Inc., and its business model focuses on adding value to timber by processing it into finished products. The company offers modular homes
Khan – Managing Director of Durable Wood Products Inc.; DuraVilla Homes Guyana Inc., and President of Guyana Manufacturing and Services Association
TLC Guyana Inc. is a key logistics provider contributing to Guyana’s economic development, especially amid the growth of its oil and gas industry. The company off ers comprehensive logistics services including freight (land, sea, and air), vessel chartering, equipment handlin g, bunkering, and personnel logistics.
TLC’s success is driven by its ERP system, which en sures real-time freight tracking and operational efficien cy tailored to local needs. TLC blends global standard s with local expertise, maintaining regulatory compliance and cultural awareness. Safety is a priority, supported by strict QSHE protocols and advanced equipment.
With a growing, skilled team, TLC plays a central r ole in supporting key sectors such as energy and oil & gas in Guyana.
Philippe Masserey Director
Kristhoff Henry Commercial Manager
Savira Ramroop Country Manager
Eshwar Bharrat Business Development Supervisor
BUILDING BRIDGES, BUILDING GUYANA: HOW THE GCCI SUPPORTS SUSTAINABLE GROWTH IN THE CONSTRUCTION SECTOR
Guyana is on the cusp of unprecedented growth, with its construction sector at the heart of this economic transformation. As the leading voice of the private sector, the Georgetown Chamber of Commerce and Industry (GCCI) plays a crucial role in fostering a responsible, sustainable, and prosperous environment for businesses operating within this dynamic landscape.
Guyana’s Construction Boom: A World of Opportunity
Fuelled by significant public and private investments in housing, transportation, energy, and commercial infrastructure, Guyana’s construction sector offers immense potential for both local and international businesses. However, this rapid expansion also presents challenges that require careful navigation, including:
Maintaining rigorous Health, Safety, Security, and Environment (HSSE) standards: Ensuring the well-being of the workforce and minimizing environmental impact are paramount.
Navigating the regulatory landscape: Compliance with evolving regulations and obtaining necessary permits can be complex.
Addressing the skills gap: Meeting the demand for skilled labor requires strategic training and development initiatives.
Promoting sustainable practices: Balancing economic growth with environmental responsibility is crucial for long-term sustainability.
The GCCI: Your Partner for Success in Guyana’s Construction Sector
The GCCI serves as a vital bridge connecting businesses, advocating for best practices, and fostering a collaborative environment. We are committed to supporting our members in navigating the opportunities and challenges of Guyana’s construction boom and ensuring that growth is sustainable and inclusive.
The Construction & HSE Committee: Driving Excellence
Our Construction & HSSE Committee is a testament to this commitment. Comprised of industry leaders, including contractors, engineers, and safety experts, the committee works diligently to:
Advocate for a favorable business environment: We actively engage with government agencies and policymakers to shape regulations that promote responsible growth, attract investment, and reduce bureaucratic hurdles.
Promote knowledge sharing and best practices: Through workshops, seminars, and networking events, we facilitate the exchange of technical expertise, industry insights, and innovative solutions.
Champion HSSE excellence: We raise awareness about the importance of safety and environmental responsibility, providing guidance to help companies implement robust HSE management systems.
Foster skills development and capacity building: We collaborate with educational institutions and vocational training providers to address the skills gap and ensure a qualified workforce for the construction sector.
Encourage collaboration and partnership: We create a platform for industry stakeholders to connect, share ideas, and work together to address common challenges and achieve shared goals.
Glenis Hodge, Tropical Shipping Guyana Manager
GREEN GUYANA
A BALANCING ACT: THE DRIVE FOR DEVELOPMENT WITH A COMMITMENT TO SUSTAINABILITY
SUSTAINABILITY SPOTLIGHT
As Guyana experiences rapid economic growth driven by the emerging oil and gas sector, local, regional, and international businesses must adopt practices that ensure the wise use of natural resources and ecosystem services. In the face of growing threats from climate change, resource depletion, and environmental degradation, sustainable business practices are not only timely but necessary for long-term economic stability.
The articles in this section aim to raise awareness, promote innovation, and highlight success stories from businesses leading in sustainability. It will highlight practical strategies and explore opportunities that both local and international entrepreneurs can leverage to advance economic development while safeguarding Guyana’s natural environment. The articles capture five (5) thematic areas:
▪ A Low-Carbon Trajectory
▪ Promoting Environmental Stewardship
▪ Ecotourism
▪ Environmental compliance
▪ Green Finance
THE LCDS AND THE PRIVATE SECTOR: DRIVING LOW CARBON GROWTH IN GUYANA BY DR.
PRADEEPA BHOLANAUTH, MNR
Guyana’s Low Carbon Development Strategy (LCDS) 2030 is a model for the private sector to be an engine of sustainable transformation. The LCDS 2030 has advanced engagements in the forest carbon markets, renewable energy, and climate resilience is creating unprecedented business opportunities while advancing Guyana’s global climate leadership. Guyana’s LCDS 2030 positions the private sector as a key driver of sustainable transformation. By creating innovations in climate finance, unlocking premium export access for sustainably managed timber, and delivering a clear pathway to affordable, clean and renewable energy, the strategy has redefined the business landscape. This alignment of national vision with entrepreneurial opportunity has fostered unprecedented public-private partnerships, proving that economic expansion and environmental stewardship can thrive together. In Guyana, the LCDS is not only preserving natural capital—it is creating the conditions for innovation, economic diversification, competitiveness, and shared prosperity.
PIONEERING CLIMATE SOLUTIONS
Guyana has achieved several “world-firsts” in valuing forest climate services, securing the largest ever voluntary market forest carbon credit sale—US$750 million—and becoming the first country with credits eligible for the UN’s CORSIA aviation compliance market. The country has also forged remarkable partnerships in climate finance for the country’s jurisdictional carbon credits, the most recent of which was with the global technology company, Apple. These revenues are funding over 3,000 communityled projects, national drainage and irrigation initiatives, food security projects, income generating and social upliftment programmes including a focus on women and youth and accelerating Amerindian land titling and digital connectivity.
The energy transition is another major opportunity. The Gas-to-Energy Project will halve electricity tariffs, while the GuySol solar expansion will install 33 MW of solar generation and battery storage – the largest addition of renewable energy to the national grid. Investors now have the opportunity to engage in solar supply chains, low carbon construction, and energy-efficient technologies to serve a growing, low-cost energy economy.
GUYANA’S NEXT LEAP IN SUSTAINABLE
The upcoming phase of LCDS implementation—sustainable cities, biodiversity conservation, and water management— opens further avenues for public-private collaboration. Plans include transforming Greater Georgetown into a model of sustainable urban growth with a “Smart Code,” greenways, and heritage conservation initiatives. Silica City will integrate clean infrastructure, innovation districts, and climate-resilient design, offering scope for real estate, construction, and technology partnerships.
In biodiversity, Guyana will double its protected areas by 2025, establish an International Centre for Biodiversity, and lead a Global Biodiversity Alliance. These initiatives will drive eco-tourism, conservation technology, and naturebased solutions markets.
For businesses, aligning with the LCDS means more than compliance—it is about unlocking low carbon growth. By integrating sustainability into operations, investing in clean energy and climate-smart infrastructure, and collaborating on conservation, the private sector can help ensure that Guyana’s economic boom is both resilient and responsible.
“The LCDS provides the vision; the private sector provides the momentum”.
Facilitating Private Sector Through Renewable Energy: The 1.5 MW solar PV farm in Bartica, Region Seven (Cuyuni-Mazaruni). (Photo credit: Guyana Energy Agency)
Financing Entrepreneurial Activities: A resident of Woweta, Region Nine, is engaged in a community economic venture to produce furniture. This venture is possible through funding from carbon payments through Guyana’s Low Carbon Development Strategy (Photo credit: News Room)
DRIVING GUYANA’S NEXT GROWTH WAVE:
THE CRITICAL ROLE OF SMES AND HOW GBTI GROW WILL SUPPORT THEM BY THE GUYANA BANK FOR TRADE AND INDUSTRY (GBTI)
Small and Medium Enterprises (SMEs) are the unsung heroes of Guyana’s economy. They embody the entrepreneurial spirit that drives our towns and villages, providing goods, services, and employment across diverse sectors. From the agro-processor in Berbice to the tech innovator in Georgetown, SMEs form the backbone of our economic ecosystem.
According to the World Bank, SMEs represent over 90% of businesses and more than 50% of employment worldwide. In Guyana, SMEs account for approximately 60% of private sector jobs and contribute an estimated 28% to Gross Domestic Product (GDP).
OPPORTUNITIES AND CHALLENGES
Guyana’s rapidly evolving economy presents unprecedented opportunities for SMEs, ranging from servicing the oil and gas industry to developing sustainable agribusiness, tourism, and technology ventures. Yet these opportunities also bring challenges:
▪ Limited access to affordable and flexible financing.
▪ Gaps in business management, marketing, and innovation.
▪ The need to adapt to digital and global market trends.
Without targeted support, SME’s risk being left behind in a competitive, fast-changing environment.
GBTI GROW: MORE THAN A LOAN PRODUCT
“Recognizing the strategic importance of SMEs, the Guyana Bank for Trade and Industry has launched GBTI GROW — an integrated programme that goes beyond traditional banking”. GBTI GROW is built on three strategic pillars:
1. Financing for Growth – Specialised loan products with competitive interest rates and flexible terms, designed to meet the working capital, equipment, and expansion needs of SMEs. Eligible businesses can access up to G$30 million under the GBTI GROW loan facility
2. Capacity Building – Business workshops, one-on-one mentorship, and partnerships with industry experts to strengthen SMEs’ operational and strategic capabilities.
3. Digital Enablement – Support for SMEs to adopt e-commerce platforms, digital payment solutions, and datadriven marketing strategies to compete in an increasingly digital-first marketplace.
GBTI INVOICE FINANCING: FUEL FOR THE OIL & GAS SUPPLY CHAIN
Invoice Financing allows businesses to access cash quickly by unlocking funds tied up in unpaid invoices, rather than waiting 30, 60, or even 90 days for client payments. In Guyana’s oil and gas sector, where supply chain contracts can reach into the millions of US dollars, long payment cycles can strain cash flow. Invoice financing helps SMEs maintain operations, meet payroll, and deliver on largescale projects without delay.
CASE IN POINT – POWERING A LONG STORY
A Georgetown-based engineering services firm expanded its capacity after utilizing GBTI Invoice Financing to secure a multi-million-dollar contract. With access to 80% of the invoice value upfront, they purchased equipment, paid staff, and completed the project on time — securing repeat business from a major offshore operator.
A PARTNERSHIP FOR THE LONG-TERM
GBTI views GROW and its complementary financing solutions as a long-term commitment to SME success. This means working alongside entrepreneurs at every stage — from start-up to scale-up — identifying challenges early, providing advisory support, and celebrating milestones along the way.
The programme aligns with GBTI’s wider vision to be more than a financial institution; to act as a catalyst for sustainable economic development and a trusted partner to the business community.
BECAUSE WHEN SMES THRIVE, GUYANA THRIVES.
DOES MY BUSINESS NEED AN ENVIRONMENTAL AUTHORIZATION?
BY
THE ENVIRONMENTAL PROTECTION AGENCY GUYANA
If you’re starting or expanding a business in Guyana, one of your first questions should be: “Do I need an Environmental Permit?”
Under the Environmental Protection Act, Cap. 20:05, Laws of Guyana (hereinafter the “Act”), activities listed under the Fourth Schedule of the Act, or any activities that may significantly impact the environment, require an environmental permit pursuant to Sec. 11 of the Act. Thus, your second question may now be – “How do I know whether my project or business is listed under the Fourth Schedule or may significantly impact the environment?”; and “Which authority should I contact to apply for an Environmental Permit?”
Rest assured, the Environmental Protection Agency is the legally mandated authority responsible for determining whether your project requires an Environmental Permit, and it is the Agency to which all applications must be submitted.
BEFORE WE PROCEED, LET’S TALK ABOUT – WHAT EXACTLY IS AN ENVIRONMENTAL AUTHORIZATION?
An Environmental Permit is a legal authorization issued by the Environmental Protection Agency after a full assessment of a project that regulates and/or manages the activity, thus ensuring compliance with the environmental standards, policies, Act, and Environmental Regulations. Thus, the Environmental Permit is an aspect of the Environmental Authorization Process.
WHY DO YOU NEED AN ENVIRONMENTAL AUTHORIZATION?
▪ To minimize environmental damage from business operations such as pollution, waste disposal, water usage, and habitat disturbance;
▪ To comply with Guyana’s Environmental Protection Act and other relevant legislation;
▪ To avoid legal penalties, fines, or business shutdowns due to non-compliance;
▪ To contribute to the Low Carbon Development Strategy 2030 Goals and Sustainable Development Goals and protect Guyana’s unique ecosystems; and
▪ To demonstrate corporate social responsibility and enhance your business’s reputation.
WHICH BUSINESSES OR ACTIVITIES REQUIRE AN ENVIRONMENTAL AUTHORIZATION?
The EPA Guyana requires environmental authorization for a wide range of activities, especially those with potential environmental impacts. Some common examples in the Fourth schedule of the Environmental Protection Act include, but are not limited to, the following:
▪ The construction of any hotel, guest house, or inn above ten rooms.
▪ Installation for hydro-electric energy production.
▪ Construction of roads, harbours, and airfields.
▪ Dams and other installations designed to hold liquid or store it on a long-term basis.
▪ Installation for the treatment of waste water, industrial or domestic waste.
▪ The importing of any waste matter, whether hazardous or not.
▪ The release, use or keeping of any genetically modified organisms.
▪ The harvesting and utilization of forest resources.
▪ The extraction and conversion of mineral resources.
HOW TO DETERMINE IF YOUR BUSINESS NEEDS AUTHORIZATION?
1. Consult the EPA Guyana: The most reliable way is to contact the EPA directly by visiting the Agency at our website to review the list of regulated activities.
3. Review Local and Sector-Specific Regulations: Some industries have additional guidelines or requirements.
4. Seek Professional Advice: Environmental Consultants can help assess your business activities and guide you through the permitting process.
THE ENVIRONMENTAL PERMIT APPLICATION PROCESS
1. Submit an application: shall apply to the Agency for an environmental permit and shall submit with such application the fee prescribed and a summary of the project including information listed in Sec. 11(1) of the Act.
2. Review and assessment: The EPA reviews the application and may request additional information or conduct site inspections.
3. Public consultation: For projects with significant impacts, public input may be sought.
4. Permit issuance: If approved, the EPA issues the permit with specific conditions and monitoring requirements.
5. Compliance and monitoring: Businesses must adhere to permit conditions and submit regular reports to the EPA.
CONSEQUENCES OF OPERATING WITHOUT A PERMIT
Operating without the necessary environmental permits in Guyana can lead to serious consequences, as stipulated in the Sec. 15 of the Act.
[Every person who fails to carry out an environmental impact assessment or who commences a project without obtaining an environmental permit as required under this Act or the regulations shall be guilty of an offence and shall be liable to the penalties - inclusive of fines and imprisonment.]
For more information, contact us at:
Head office – Ganges Street, Sophia, Georgetown Tel. (592) 225-5471/5472
Linden Office – LEN Building, Mackenzie Tel. (592) 444-2313
BY THE TOURISM AND HOSPITALITY ASSOCIATION OF GUYANA (THAG)
Guyana is often described as the “Land of Many Waters,” but it could just as easily be called the “Land of Untouched Wonders.” With more than 75% of the country blanketed in pristine rainforest and rivers flowing through almost every community, Guyana is emerging as one of the world’s best-kept secrets in nature-based tourism.
But Guyana is also known for its sustainability impact. This commitment has earned the country international recognition, including the 2019 ITTA Silver Prize for Sustainable Adventure Practices, the CTO Award for Sustainable Tourism, the LATA Award for Best in Sustainable Tourism, and most recently, the 2025 PATWA Awards for Destination of the Year – Natural Attractions and Tourism Minister of the Year – Ecological Tourism.
RAISING THE BAR IN SUSTAINABILITY
Adding to this recognition, Guyana has introduced the Good Travel Certification. Lodges such as Karanambu, Atta Rainforest, Caiman House, Iwokrama, and Rewa Eco-Lodge received the Good Travel Seal+ in 2024, administered by the Guyana Tourism Authority.
COMMUNITY AT THE HEART OF TOURISM
One of Guyana’s most distinctive tourism features is its community-led model. Surama Eco-Lodge, managed by the Makushi people, reinvests into the community, funding local development and ensuring residents are the first to benefit from tourism. Rewa Eco-Lodge, operated by villagers, welcomes guests into daily life through fishing traditions and wildlife exploration. Caiman House EcoLodge in Yupukari reinvests its surplus into conservation and education, from turtle monitoring to maintaining a village library. Bimichi Eco-Lodge, in Pakuri, focuses on cultural preservation. Guests experience storytelling, dance, and craftwork from the local community, deepening appreciation for Indigenous heritage.
These models prove that every visitor’s dollar supports jobs, cultural survival, and conservation. Their success is inspiring more communities to embrace tourism as a pathway to development.
GUYANA - MORE ACCESSIBLE THAN EVER
Not long ago, reaching Guyana meant juggling several connecting flights.
Today, direct routes from major destinations, airport upgrades, and new infrastructure have made the country more accessible than ever. This connectivity, fueled in part by the oil and gas boom, has sparked a tourism ripple effect. More conferences, more business visitors, and more curiosity mean travellers are extending their stays to explore Guyana’s natural and cultural treasures.
NATURE’S SHOWSTOPPERS AND NEW ADVENTURES
No conversation about Guyana’s natural wonders is complete without Kaieteur Falls, the world’s largest singledrop waterfall, five times taller than Niagara. Recent upgrades to the airstrip have improved safety and access. But Kaieteur is just the beginning. Where once travellers looked only to Kaieteur or the Rupununi for an immersive experience, Guyana now offers a broader menu of adventures closer to the city. Kayaking at Linden’s Blue Lakes, cycling tours around the city, Demerara River sunset cruises, Essequibo River Island hopping, and emerging wellness tourism - rainforest meditation, riverside yoga, and massages on the water - all showcase the country’s growing diversity of experiences.
FROM FARM TO TABLE: GROWING AGRI-TOURISM
Food is central to Guyanese culture, and the fusion of agriculture and tourism is opening new opportunities. Travellers today want more than a meal—they want the story behind the food.
This has sparked farm-to-table experiences, farm tours, and initiatives like Singh’s Agro Tours’ “Backdam Experiences,” where guests enjoy fresh produce straight from the source.
It is not just fun for visitors; it’s another income stream for farmers, encouraging sustainable practices and boosting livelihoods. The Farmer-to-Business Symposium, hosted with support from groups like the Georgetown Chamber of Commerce & Industry, connects farmers with the hospitality sector—teaching what “quality” means for tourism and opening new doors for small producers.
This is where Agri-tourism meets sustainability, ensuring traceability, organic options, and authentic flavors for increasingly health-conscious travelers.
PRIVATE SECTOR & PARTNERSHIPS POWERING CHANGE
Sustainable tourism in Guyana thrives on collaboration. The Guyana Tourism Authority (GTA) and the Tourism and Hospitality Association of Guyana (THAG) work alongside private operators and international partners such as Conservation International, World Wildlife Fund, the European Union, Compete Caribbean, Catalyste+ and others to build out and in. Together, these partnerships strengthen capacity, develop new products, and uphold sustainability standards.
WHY IT MATTERS
For Guyana, ecotourism isn’t just a buzzword. It’s a pathway to:
▪ Preserve culture by empowering communities to showcase traditions.
▪ Protect biodiversity by making conservation profitable.
▪ Create sustainable economic development across regions.
Tourism means livelihoods. It means safeguarding biodiversity that has sustained Guyana for generations. It means showing the world a country that is proudly Caribbean in culture, South American in geography, and uniquely Guyanese.
As global travellers increasingly seek authentic, responsible, and meaningful adventures, Guyana is positioning itself as the next frontier of ecotourism. Here, every waterfall, every meal, and every cultural performance tells the story of a nation weaving together its natural riches, cultural pride, and sustainable future.
WHY THE CIRCULAR ECONOMY MATTERS FOR GUYANA’S PROTECTED AREAS
BY THE PROTECTED AREAS TRUST
As Guyana moves confidently into the future, the opportunity for a circular economy offers a framework for aligning environmental sustainability in the country’s protected areas with economic growth.
This approach is especially relevant to Guyana, where biodiversity-rich ecosystems in our protected areas, such as the Kanuku Mountains, Kaieteur National Park, and Shell Beach, face increasing pressures from waste and pollution. By integrating circular practices into conservation efforts and protected area management, we can reduce environmental harm while unlocking new opportunities for community-based livelihoods, eco-enterprises, and climate resilience.
Guyana’s Low Carbon Development Strategy (LCDS) provides an ideal entry point and national roadmap for aligning public and private sector efforts. Circular strategies such as composting organic waste, repurposing materials, and championing cultural changes can directly support Guyana’s goals of biodiversity protection, waste reduction, and sustainable ecotourism.
YOUR ROLE IN THE CIRCULAR ECONOMY
Individuals, organisations, businesses in tourism, hospitality, agro-processing, and distribution are well-positioned to lead the transition. For example:
▪ Hotels and lodges near protected areas can implement refill stations, composting systems, and circular procurement policies to reduce single-use waste.
▪ Local entrepreneurs can create value-added products from recycled materials like eco-bricks, upcycled crafts, and biofertilizers, turning waste into income and employment.
▪ Communities can lead in promoting education and public awareness campaigns aimed at transforming the look and feel of their spaces.
▪ Introducing incremental fees and fines in the day-to-day operations of organisations and businesses to deter unsustainable waste generation activities
The Protected Areas Trust recently hosted a workshop on this topic, bringing together over 30 participants from the public and private sectors. This session encouraged attendees to take circular ideas back to their organizations and communities.
To scale these solutions, especially in protected areas, urban parks, or local green spaces, Guyana must strengthen enabling conditions. This can include public-private partnerships that guide investment toward nature-positive outcomes. By embedding circular economy principles into everyday practices, business operations, and policy frameworks, we can all foster a regenerative economy that supports LCDS priorities, enhances biodiversity, and overall reduction of wastes in these critical spaces.
Contact:
For more information on this workshop and other projects, please visit PAT’s website at protectedareastrust.org.gy or contact us at +592 227 0343 (0346).
REGULATING THE WILDLIFE TRADE IN GUYANA: TOWARD SUSTAINABLE SOLUTIONS
BY THE GUYANA WILDLIFE CONSERVATION AND MANAGEMENT COMMISSION
Guyana’s rich biodiversity has long supported livelihoods through hunting, trapping, and the trade of wildlife. To promote sustainable practices, the Guyana Wildlife Conservation and Management Commission oversees the Licensing and Permitting System that regulates wildlife trade in Guyana. The trade operates on two levels: international and domestic (local).
INTERNATIONAL TRADE
Internationally, the trade of wildlife is governed by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). In Guyana, the GWCMC is the CITES Management Authority and is therefore the organisation responsible for managing the wildlife trade here. As such, under the Wildlife Conservation and Management Act (2016), there is a system of permits and licences which are issued for the import, export, re-export, or introduction from the sea of any specimen of wildlife.
Currently, a maximum of 25 persons are authorised to engage in international trade. Additionally, to regulate the amount of wildlife that is traded, the GWCMC enforces a quota system. This includes a national quota, which sets the annual export limit for each species that is traded and individual quotas which each licenced exporter must adhere to.
DOMESTIC TRADE
There are six (6) categories of licenses which apply to persons doing the trade locally:
1. Wildlife Trapping Licence
2. Wildlife Commercial Licence
3. Wildlife Collecting Licence
4. Wildlife Recreational Licence
5. Captive Wildlife Licence
6. Special Wildlife Licence
Indigenous Village Councils may be required to apply for a licence to cover wildlife users who are registered members of the village.
Each licence will specify the sizes, numbers, and species of wildlife that a user’s activities cover, as well as where an individual is allowed to carry out these activities.
To obtain a licence for any category of wildlife use, applications can be submitted at the Commission’s office, any Post Office across Guyana or online at https://application.dlms.wildlife.gov.gy/#/.
While managing the trade is still a work in progress, there are numerous opportunities available. These include modernising monitoring systems with technology, expanding collaboration with the private sector, as well as customs and law enforcement, and improving partnerships to improve public awareness and cross-border cooperation with regional partners.
Leveraging these opportunities will further ensure that Guyana’s wildlife trade operates responsibly, contributing to both economic resilience and biodiversity protection.
For more information on the wildlife trade, visit our website www.wildlife.gov.gy/ licensing-procedure.
Introduction
In the farming communities of Guyana, a subtle transformation is underway, one that is not driven by headlines or top-down mandates, but by the steady rhythm of collaboration, trust, and innovation. Farmers, businesses, government agencies, and civil society are not just making minor adjustments; they are reshaping the very foundation of agriculture across the country.
At the heart of this transformation lies a powerful idea: inclusive market systems can only grow when we invest in people first, when we build trust, nurture relationships, and equip stakeholders with the skills and knowledge to participate meaningfully. This commitment to peoplecentered growth sparked a visionary partnership that planted the seeds for systemic transformation. And it all began with a bold yet humble step: capacity building at the grassroots.
A New Era in Agriculture: From Vision to Systemic Transformation
The seeds of this change were planted through a partnership between the Georgetown Chamber of Commerce and Industry (GCCI) and the World University Service of Canada (WUSC), under the Sustainable Agriculture in the Caribbean (SAC) project, funded by Government of Canada (GAC). Rooted in the Inclusive Market Systems (IMS) approach, the partnership sought not to apply quick fixes to visible symptoms, but to address the underlying root causes of market exclusion and fragmentation.
IMS calls for strengthening value chains while prioritizing inclusion, ensuring small farmers and processors, women, youth, and other marginalized actors are central to solutions. It promotes scalable, lasting change through empowered participation, not dependency.
But to unlock systemic change, there had to be a starting point, a foundational moment that created the conditions for transformation.
Laying the Groundwork: Where It All Began
In October 2022, during Agriculture Month, that moment arrived. Under the theme “Championing Food Security through Resilience,” the GCCI and WUSC—in partnership with the Ministry of Agriculture, key government agencies and private sector actors like the National Agricultural Research and Extension Institute (NAREI), Guyana Marketing Corporation (GMC), Guyana Food Safety Authority (GFSA), Guyana Bank for Trade and Industry (GBTI), Green Agro Supplies and Services, Small Business Bureau (SBB), and Institute of Private Enterprise Development (IPED)— launched the Farmers Capacity Building Program.
This initiative wasn’t just about technical training. It was the beginning of a movement.
Through workshops focused on Good Agricultural Practices (GAP), financial literacy, entrepreneurship, and climatesmart agriculture, agro-processors and farmers, many of them women and youth, were given more than knowledge. They were given confidence. The program fostered peer-to-peer learning, built trust between actors, and connected farmers to financing, market information, and input suppliers.
This was the true foundation of systemic change: a shift in mindset that saw farmers as entrepreneurial decisionmakers and change agents—not just beneficiaries.
These early efforts preceded the AAER framework but laid the groundwork for its later role as a guide and measurement tool to accelerate the momentum sparked on the ground.
Introducing the AAER Framework: A Tool for Systemic Growth
As the seeds of transformation took root across Guyana’s farms, it became clear that something more was needed, not just to celebrate early successes, but to truly understand how deep and lasting this change was becoming. The journey was no longer about counting how many workshops were held or how many loans were given out. It was about seeing how new ideas were taking hold, evolving, spreading, and reshaping the entire agricultural landscape.
With the framework in hand, the next step was to observe how the phases of adoption, adaptation, expansion, and response manifested on the ground.
That’s when the AAER framework stepped in as a simple yet useful tool to guide this ongoing transformation. Imagine it as a compass, helping everyone navigate the complex path of change:
• Adopt: Are farmers and partners trying out new ways of doing things? Are these fresh ideas becoming part of everyday practice?
• Adapt: Are they making these new ideas their own tweaking and improving them to fit their unique situations?
• Expand: Are these innovations reaching more people, growing beyond where they started?
• Respond: Are institutions and systems listening and evolving to support this new reality?
With AAER, the story of agriculture in Guyana became more than a series of isolated efforts; it turned into a living, breathing movement. This framework didn’t just measure progress; it deepened it, shining a light on how change spreads and how the whole system begins to grow stronger together.
Adopt & Adapt: Planting the First Seeds
The momentum came to life in October 2023 at the inaugural Agriculture Symposium at the Arthur Chung Conference Centre. With over 130 stakeholders present— from farmers and financial institutions to regulators and private companies—the symposium wasn’t just a meeting. It was a milestone. Minister of Agriculture Zulfikar Mustapha emphasized the strength of public-private partnerships, while Brian Edwards of GCCI called the event a turning point in Guyana’s agricultural evolution.
Minister Zulfikar Mustapha and GCCI members at the inauguralAgriculture Symposium, October 2023—a key moment in advancing Guyana’s agricultural partnerships and innovation.
This was a clear signal of the “Adopt” phase, where key actors embraced new ideas, experimented with innovations, and began to integrate systemic thinking into their operations. Agencies such as NAREI, the Guyana Food Safety Authority, and the Small Business Bureau weren’t just attending; they were actively shaping the agenda.
A particularly notable example of this phase was the adoption of safer agrochemical practices, championed by the Pesticides and Toxic Chemicals Control Board (PTCCB). Recognizing the health and environmental risks posed by improper chemical storage, PTCCB introduced a specially designed chemical cabinet initiative.
These cabinets, distributed through transparent raffles at various capacity building sessions, became symbols of both safety and responsibility.
Farmers stand proudly beside a chemical storage cabinet won through PTCCB’s community safety initiative—turning safe storage into a symbol of responsibility and change.
Each unit was earned—not given—and accompanied by agreements to allow peer inspections, spreading awareness and community accountability. At a training held during International Men’s Day 2024, PTCCB emphasized the role of men in promoting safe agricultural practices, showcasing how change was being adapted to local contexts.
As farmers and partners moved beyond simply trying out new ideas, a deeper transformation took shape. They began to reshape these innovations, bending and molding them to fit the realities of their fields, communities, and daily lives. This wasn’t just about copying what was introduced—it was about making the change their own. Through this process of adaptation, the new practices grew roots, becoming practical, relevant, and sustainable. It was a clear sign that the momentum wasn’t fleeting but evolving—taking on a life uniquely shaped by those it was meant to serve.
PTCCB adapted training to local cultures. On International Men’s Day 2024, they highlighted men’s role in safe farming—showing change works best when it’s made relevant.
Expand: Bridging Farmers and Markets
The movement soon gained momentum as it entered the “Expand” phase, marked by the Farmer-to-Business Symposium held at Splashmin’s. The atmosphere buzzed with energy as over 90 participants engaged in dynamic business matchmaking, connecting farmers directly with buyers and service providers. One inspiring story came from Ameer Rahim, a smallholder who transformed into an agro-processing entrepreneur by launching Country Side Flavours. With support through mentorship, grant access, and business registration services, Ameer’s journey exemplified how systemic approaches help smallholders break into new markets, boost productivity, and increase their incomes.
Matchmaking in action: Farmers, buyers, and processors connect at the Splashmin’s Symposium.
This phase highlights the power of expanding inclusive value chains through systemic change. For example, the upcoming GCCI Micro and Women Entrepreneur Learning Centre is a strategic intervention designed to equip women and youth with entrepreneurial skills and facilitate market access—key pillars of equitable market development. Such initiatives are essential for moving beyond isolated projects toward a sustainable, community-wide transformation.
As Guyana’s agriculture sector embraced this systemic growth, the meaning of inclusion deepened—shifting from mere representation to genuine structural participation. A remarkable example unfolded in Georgetown, where 25 blind and visually impaired individuals began producing high-quality crops. Their success was not about overcoming disability but about gaining access to tailored tools, specialized training, and market opportunities designed specifically for their needs.
Supported by WUSC and partners like Green Agro Supplies & Services, NAREI, and Rima Guest House, these farmers were trained using innovative methods that engage touch, sound, and scent. Their efforts culminated in a successful lettuce harvest, with produce quickly finding its way into local markets. Buyers responded enthusiastically—not out of sympathy, but because of genuine demand for the quality and value of their products.
This initiative redefined inclusion—not as charity, but as intentional systemic design. By removing barriers and embracing the full diversity of human potential within the value chain, it demonstrated how inclusive market systems can truly thrive.
Another powerful example of expansion is unfolding in Region 5, where women and youth farmers are revolutionizing agro-processing. Previously plagued by post-harvest losses and limited market access, these farmers now benefit from a Ministry of Agriculture and New Guyana Marketing Corporation (GMC) initiative that provides new processing facilities.
GCCI and WUSC sign an agreement to launch the Micro and Women Entrepreneur Learning Centre—empowering women and youth with skills and market access for inclusive economic growth.
Blind farmers in Georgetown engage with soil, using touch and sound to grow fresh lettuce—turning inclusion into strategy.
With these resources, farmers convert cassava into flour, peppers into sauces, and fruits into juices that meet high quality standards. Training and certification programs help transform what was once waste into profitable products.
Currently, over 2,500 producers across the country utilize these services, bolstered by private sector investments. Coupled with reduced production costs from the gas-toenergy project, Region 5 is emerging as a leading model of inclusive agricultural growth, where women and youth are at the forefront.
Respond: A New Era of Institutional Partnership
Financial institutions like Guyana Bank for Trade and Industry (GBTI), through its GROW initiative, reimagined their role, offering farmer-friendly credit products and flexible advisory services after listening directly to small farmers and processors’ needs.
This shift toward a more responsive, partnership-based approach was further supported by the passage of the Security Interests in Moveable Property Bill 2024, which allows SMEs to use moveable assets—like crops, equipment, and livestock—as collateral, making credit more accessible and strengthening financial inclusion across the sector.
Similarly, PTCCB’s role evolved into a system responder. Instead of just regulating pesticide use, it began coordinating multi-partner education campaigns, building capacity, and ensuring safe practices were integrated into market systems. This institutional responsiveness represents systemic design in action—one that listens, learns, and adapts.
Guyana Agri Connect: A Systemic Bridge
To hold this complex, growing ecosystem together, the GCCI is convenor and coordinator of Guyana Agri Connect, a crosssectoral platform embodying the AAER framework in action. Guyana Agri Connect unites the private sector, government, NGOs, and farmers under the shared philosophy: “Growing Together – Gaining Together.” The platform facilitates systemic change by fostering collaboration, sharing information, and aligning incentives—core strategies in market system development.
This platform moves beyond project-based interventions, embedding systemic thinking into policy and practice, and creating a resilient, inclusive architecture for agricultural growth. It exemplifies how a coordinated approach across sectors and stakeholders can accelerate systemic change, making markets more efficient, inclusive, and sustainable.
From Villages to Vision: Regional Ripples of Change
By mid-2025, the momentum had reached the farming communities in Regions 2,3,4,5,6 & 10. Local Farmer-toBusiness events fostered new relationships, some modest, some transformative. A microgreens farmer found a direct buyer and received packaging help. A livestock farmer gained access to high-end hospitality markets. These developments illustrate the expansion of inclusive market systems—creating pathways for marginalized farmers to participate meaningfully in value chains.
While some farmers remained hesitant, loyal to existing buyers or wary of change, the conversations sparked mutual understanding, trust, and the first steps toward market diversification. These interactions exemplify how systemic change is rooted in building trust and capacity at the grassroots level.
Measuring Systemic Change with the AAER Tool
A key component of this transformation is the AAER framework itself, which serves as a practical tool to measure systemic change. Unlike traditional metrics that focus solely on outputs—such as the number of farmers trained or loans disbursed, AAER captures the depth and sustainability of change across the system.
Capacity building in Region 5: Women and youth attend training to boost agro-processing with support from the Ministry and New GMC.
GBTI Grow launch: Credit solutions shaped by farmers, redefining access to finance.
By assessing how innovations are adopted, adapted, expanded, and responded to within the broader ecosystem, stakeholders can identify where systemic barriers still exist and how interventions are reshaping relationships, institutions, and market dynamics. This comprehensive measurement approach aligns with the principles of inclusive market systems, ensuring that progress is not just quantitative but qualitative, building resilient, equitable markets.
The Harvest: A Living, Breathing System of Change
Systemic change in Guyana is a journey, not a series of overnight successes. It’s a story of people, farmers like Ameer Rahim, institutions that listened, platforms that connected, and a shared belief that collaboration outperforms isolation.
Through the AAER lens, we see how adoption leads to adaptation, how pilots scale and expand, and how systems respond with empathy and innovation. From safer pesticide practices to inclusive financing, from regional business linkages to national platforms, Guyana’s agricultural transformation is real, rooted, and resilient.
A Future Cultivated Together
Guyana’s agriculture is no longer just about production; it’s about connection, sustainability, and empowerment. As more partners come together under the Agri Connect umbrella, the foundation laid by the AAER approach will continue to grow, ensuring that when one farmer thrives, the whole ecosystem flourishes.
This is not just a shift in farming. It is a systemic transformation, messy, human, alive, and full of promise. The integration of market system development principles and inclusive market system approaches ensures that this transformation is sustainable and equitable.
Because in Guyana, we are not just growing crops. We are growing together. And in doing so, we are gaining together.
THE BUSINESS CASE FOR WELLNESS WHY GUYANESE COMPANIES ARE INVESTING IN HEALTH—AND SEEING RESULTS BY
THE HEALTH & WELLNESS SUB-COMMITTEE
The moment for workplace wellness in Guyana
Guyana’s private sector is recognizing a hard truth: a thriving economy depends on a healthy workforce. Noncommunicable diseases (NCDs) account for more than 65% of all deaths in the Americas, and locally, obesity and related risks continue to climb. In fact, health officials warn that both adult and childhood obesity rates could reach high levels by 2025 if stronger prevention isn’t prioritized. This creates real costs for employers through absenteeism, lower productivity, and safety risks.
With oil and gas, construction, and logistics sectors growing rapidly, companies are now turning to structured wellness programs as a business strategy—not just a “perk.”
Why wellness belongs in the boardroom
Evidence is clear: effective workplace wellness programs reduce absenteeism and turnover, improve engagement, and can even lower healthcare costs. For Guyanese firms, the stakes are higher than ever. Competition for skilled talent is intense, and demonstrating a visible commitment to employee well-being is now an advantage in both recruitment and retention.
Wellness also aligns with Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) goals, helping businesses show that they care not only about profit, but also about people and community impact.
Signals of momentum in Guyana
▪ Public service training: “Health & Wellness at Work” initiatives have already been piloted within the public sector.
▪ Private sector leadership: Annual Pinktober campaigns and workplace mental health programs highlight how local employers are mobilizing wellness at scale.
▪ Chamber support: GCCI’s focus on MSMEs in 2025 creates a platform for smaller firms to adopt structured HR and wellness practices as they grow.
What works in practice
The most successful corporate wellness programs share common features:
1. Screening & prevention – On-site checks for blood pressure, glucose, and BMI with referral pathways.
2. Fitness & ergonomics – Encouraging movement, stretching routines, and safe work practices.
3. Nutrition support – Healthier canteen options, hydration reminders, and culturally relevant food guidance.
4. Mental health resources – Confidential counseling, fatigue management for shift workers, and awareness campaigns.
5. Community tie-ins – Extending programs into schools and youth mentorship as part of CSR.
When programs are comprehensive, culturally tailored, and visibly supported by leadership, participation and results improve significantly.
A force multiplier: CSR through wellness
A unique opportunity in Guyana is extending wellness beyond the workplace. Companies are increasingly supporting schools with nutrition and fitness education, offering mentorship programs, and hosting community screening days. This approach not only strengthens community health but also enhances brand reputation and social license to operate.
The call to action
Guyana’s growth story cannot be separated from its people. The evidence is clear: healthy employees are more productive, more engaged, and more resilient. For executives, investing in wellness is not just the right thing to do—it’s the smart thing to do.
2025 is the year for Guyanese companies to move wellness from the margins to the mainstream of business strategy.
Selected sources
▪ PAHO, Health in the Americas – Guyana Country Profile (tobacco, overweight/obesity, inactivity). Health in the Americas
▪ PAHO, Burden of NCDs in the Americas (regional share of deaths). Pan American Health Organization
▪ Healthy Caribbean Coalition, Healthy Workplaces in the Caribbean (productivity link). Healthy Caribbean Coalition
▪ Peer-reviewed evidence on workplace wellness outcomes. PMC
▪ ExxonMobil Guyana CSR investments (scale and focus areas). ExxonMobiloilnow.gy
▪ Global Nutrition Report (sex-specific obesity and diabetes estimates). globalnutritionreport.org
SUKHOO ELECTRICAL ELE ATOR & ESCALATOR SER ICES
SUKHOO ELECTRICAL ELEVATOR & ESCALATOR SERVICES
DRIVING PROSPERITY, EMPOWERING FAMILIES, SHAPING THE FUTURE
MR. RONALDO ALPHONSO
For many decades, the mining industry has stood as one of the most important pillars of Guyana’s economy, shaping communities, supporting livelihoods, and driving national growth. Long before the discovery of offshore oil, mining was the leading foreign exchange earner for the Guyanese economy and was the sector upon whose shoulders the country’s financial stability and rural development rested. Today, as Guyana experiences a new era of transformation, the mining industry remains a vital contributor to economic progress, social empowerment, and national development.
The Guyana Gold and Diamond Miners Association
Established in 1984, the Guyana Gold and Diamond Miners Association (GGDMA) was founded to represent and advocate for the interests of small, medium, and large-scale miners across the country. For over four decades, the Association has worked tirelessly to protect the rights of miners, foster responsible mining practices, and advance the industry’s role in national development.
The GGDMA has been instrumental in shaping mining policies, strengthening partnerships with Government and regulatory agencies, and ensuring that miners’ voices are heard at every level of decision-making. From addressing issues such as taxation, environmental regulations, and access to mining lands, to promoting technological advancement and compliance, the Association continues to play a central role in the evolution of Guyana’s mining landscape.
The Positive Impact of Mining
Mining’s impact in Guyana extends far beyond the goldfields. It is estimated that over 30,000 Guyanese are directly employed in the industry, with thousands more benefiting indirectly through the services, transportation, aviation, hospitality, retail, and manufacturing sectors. The industry supports a vibrant ecosystem, one where when mining thrives, so does the rest of the economy.
Gold mining, in particular, has long been the single largest earner of foreign exchange for Guyana, contributing significantly to the national GDP and helping to stabilize the country’s financial systems during global and domestic economic shifts. Even as oil now dominates the headlines, the mining sector continues to sustain livelihoods, especially in the country’s interior regions, and remains the foundation of many family enterprises that have been built over generations.
Unlike many other industries, mining in Guyana is deeply personal. Across the country, mining represents not just an economic activity but a family investment, one that has allowed generations to rise from humble beginnings to selfsufficiency. Fathers, mothers, sons, and daughters work side by side in the goldfields, making mining a cornerstone of family heritage and national identity.
These family-owned operations, many of them small and medium-scale, are the lifeblood of the sector. They embody resilience, innovation, and entrepreneurship, qualities that have powered Guyana’s economy through difficult times and continue to drive community development in the interior.
The GGDMA recognizes the importance of these miners and remains committed to ensuring that policies are inclusive and supportive of their continued growth and success. Mining’s contribution to Guyana’s socio-economic development is profound. Beyond providing direct employment and income generation, it has spurred the growth of infrastructure, education, and commerce in hinterland communities. Mining has led to the construction of roads, bridges, and airstrips, opening up previously inaccessible regions and laying the groundwork for agriculture, forestry, and tourism to flourish.
Moreover, the industry plays a vital role in rural stabilization. Many interior communities depend heavily on mining as their main economic driver, and the income generated circulates back into the economy through spending on goods, services, and education. As the saying goes, “when gold does well, the country does well.”
The Changing Face of Mining
Today, Guyana’s mining industry stands at a crossroads, balancing its traditional role as a major economic driver with the growing demand for sustainability, innovation, and modernization. The GGDMA has been at the forefront of addressing these emerging challenges, ensuring that miners can operate within a framework that promotes both profitability and environmental responsibility.
Through strategic partnerships with Government and agencies such as the Ministry of Natural Resources, the Guyana Geology and Mines Commission (GGMC), and the Guyana Revenue Authority (GRA), the Association continues to push for policies that empower miners while supporting national objectives. The GGDMA has also been proactive in technological advancement, recognizing that the future of mining depends on improving access, efficiency, and competitiveness.
As Guyana transitions into a more diversified economy led by oil and gas, the mining sector remains an essential stabilizer and a hedge against volatility. The lessons learned from decades of mining, resilience, resourcefulness, and community empowerment; are now guiding principles for the nation’s broader development agenda.
The GGDMA firmly believes that mining and oil can coexist, with mining continuing to contribute significantly to foreign exchange earnings, job creation, and rural development. With the right investment in technology, environmental safeguards, and infrastructure, mining can remain a cornerstone of Guyana’s sustainable economic future.
Looking ahead, the GGDMA envisions a mining industry that is modern, inclusive, and globally competitive, one that leverages innovation while preserving the social fabric that has defined it for generations. The Association remains committed to fostering responsible mining practices, strengthening partnerships, and promoting equitable opportunities for all miners.
As Guyana continues to grow, the mining industry will remain an indispensable partner in national development, ensuring that the wealth beneath our soil continues to uplift every Guyanese family and community. In essence, mining is not just an industry in Guyana, it is a legacy of determination, hard work, and nation-building. It has been, and continues to be, the backbone of Guyana’s growth, supporting dreams, sustaining livelihoods, and laying the foundation for a prosperous future.
A Resurgence
Gold is enjoying one of the highest prices ever seen and the current record price may be set to go even higher if the data from some of the leading financial institutions are to be believed. Gold is seeing this extraordinary rise in demand as investors and institutions are betting on the precious metal as a long-term hedge against currency risk, inflation and global political uncertainty.
The GGDMA has noted that Guyanese and international miners have taken note and there is a marked resurgence in demand and interest for gold mining expansion in Guyana. There is renewed interest in the sector and inquiries for properties, equipment purchases and demand for workers have seen a dramatic increase in the recent months. Gold is back and bigger than ever. Oil now has a very capable competitor but one which is made up of mainly local investment. Gold is reinvigorating Guyana on the international stage for more than just oil. Large scale global players are now paying an even closer interest in Guyana’s gold sector and international investors find it easier to secure larger loans to invest in the country.
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BERBICE - 21 PALMYRA VILLAGE EAST CANJE, BERBICE, GUYANA
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Empowering Growth With Tailored Financial Solutions
Cindy Sankar SME Unit Lead.
At Guyana Bank for Trade and Industry (GBTI), with our rich heritage and unwavering commitment to customer satisfaction, we have emerged as a leading player in the banking sector, fueling economic growth and empowering businesses across the country.
We offer a diverse portfolio of nancial products and services tailored to individual and corporate clients. Our personal banking solutions include savings and checking accounts, credit cards, loans, and mortgages. For businesses, we provide trade nance, project nancing, cash management, and foreign exchange, catering to the needs of businesses operating in various sectors.
GBTI GROW is a specialized nancing program designed to support growth and development of small and medium-sized businesses across various sectors. The program provides exible loans with competitive interest rates to help individuals and businesses access the capital needed for essential inputs, equipment, and expansion.
These new offerings add even greater value to the comprehensive suite of banking services GBTI already provides, making us your trusted partner in growth, innovation, and long-term success.
“Through GBTI GROW, I’ve gained not just nancing but the right guidance to take my poultry business to the next level. Their commitment to local businesses like ours will truly help shape Guyana’s economic future.”
Surendra Persaud
CORPORATE OFFICE
High & Young Streets, Kingston, Georgetown, Guyana
E-mail: banking@gbtibank.com
Tel: + 592 4400-8 Fax: + 592 231 4411
INVESTOR’S ROADMAP
RESEARCH AND RISK ASSESSMENT
Preliminary research has brought Guyana’s many wonderful attributes into clear focus to the extent that a potential investor can now readily contemplate setting up a business here. The next step in the research process is to gather the information needed to ensure the investment decision is worthwhile and feasible. The following sources provide the solid starting point to consult and gather the information to make a confident decision.
They include:
▪ GO-invest: Guyana’s main investment agency
▪ Your country of origin’s embassy, high commission or consulate offices
▪ Chamber of Commerce or sector-specific organisation
▪ Business investment consultancies and accounting firms
▪ Guyana Americas Merchant Bank Inc.
▪ National budgetary presentations, as prepared by Guyana’s Ministry of Finance
The table below summarizes a body of Guyana Law that is most relevant to investment-related business activity in the country.
Guyana Laws Relevant to Investment Activity
Title
Bank of Guyana Act (Chapter 85:02)
Business Names (Registration) Act (Chapter 90:05)
Capital Gains Act (Chapter 81:20)
Companies Act (Chapter 89:01)
Competition & Fair Trading Act (2006)
Copyright Act (1956)
Corporation Tax Act (Chapter 81:03)
Deeds Registry Act (Chapter 5:01)
Environmental Protection Act (Chapter 20:05)
Financial Institutions Act (85:01)
Fiscal Management & Accountability Act (2003)
Gambling Prevention Act (Chapter 9:02)
Hours and Holidays Act (Chapter 95:02)
Income Tax Act (Chapter 81:01)
Income Tax (In Aid of Industry) Act (Chapter 81:02)
Termination of Employment & Severance Pay Act (Chapter 99:08)
Trade Act (Chapter 91:01)
Trade Mark Act (Chapter 90:01)
Trade Union Recognition Act (Chapter 98:07)
Purpose
Central Bank Regulations
Registration and use of business names
Taxation on capital gains
Business regulations
Competition and fair trading regulations
Protection for copyright
Taxation on corporate income
Purchasing and leasing of private land
Environmental regulations
Commercial banks and other financial institutions regulations
Accountability and transparency
Restrictions on gambling
Labour related issues
Taxation on income
Taxation
Investment Regulations
Labour related issues
Purchasing and leasing of private land
Mining regulations
Labour related issues
Accident prevention, risk mitigation
Partnership regulations
Registration, use and protection of patents
Regulations on Petroleum
Regulations on exploration and production
Equal Employment Opportunity
Taxation on Property
Taxation agency
Taxation agency
Stock market regulations
Small business regulations
Labour related issues
Import and export control and licensing
Registration, use and protection of trade marks
Labour related issues
LAND SITE SELECTION
Once investors and potential business partners are confident and satisfied that Guyana is an ideal location for the business start-up, the focus turns to the real estate and land market for setting up the office and operations. Guyana has qualified real estate brokers to consult for this purpose. Foreign investors also are treated in the same manner as domestic investors when acquiring or leasing land.
PRIVATE LAND
Private property in Guyana is registered under two legal forms:
▪ Transported (governed by the Deeds Registry Act)
▪ TITLED (Land Registry Act)
For those interested in purchasing private land for operations, the first step is to sign an Agreement of Sales and Purchase with the owner of the property. The agreement should contain the names and addresses of the buyer and seller, the agreed purchase/selling price and the location and description of the property.
Then, investors must secure the services of an attorney to prepare an affidavit to explain the intent and particulars of the purchase. The owner of the priority is also expected to file a similar affidavit.
The agreement and both affidavits are then submitted to the Deeds Registry, which places an announcement in the official gazette of record. Once the documents have been published, the public is allowed 14 days to register any opposition to the sale. Opposition might be based on a claim from someone who indicates the seller owes him some form of payment or compensation obligation or there is an existing lien on the property. If no protest is filed, then the passing of the transport (deed) is processed in two months’ time.
For titled land, the process is the same except that the transaction does not have to be filed for gazette publication. Also, any contention from an outside party would be lodged with the Lands Registry.
It is advisable that buyers check in advance with the Registry to verify if any claims have been made on the property in question.
In Guyana, the State Lands Act (62:01) and the Land Development Act (59:01) govern the acquisition or leasing of government owned land.
GOVERNMENT OWNED LAND
The process of land identification begins with checking its availability and zoning status with Guyana’s Land and Surveys Commission (GLSC). If the land is available, an inspection is requested and one half of the fees are paid up front. A GLSC officer visits the site and completes an inspection report so that the application form for lease can be successfully completed and submitted to the respective regional GLSC office.
If the application meets the minimum information standard required, the filing fee is paid and the application is then forwarded for review by various regional and public agencies. If no objections are received, the application is forwarded to the GLSC’s head office, where the Management Information Unit reviews and verifies the application before it is sent to a processing unit for a confirming round of verifications. The final schedule is prepared and submitted to the GLSC Commissioner who then forwards the package to the President and the GLSC board chair for final approval. If it is approved, the final lease is prepared and granted.
ENTRY AND REGISTRATION
Visas and Work Permits
In Guyana, the Immigration Services Department of the Ministry of Home Affairs is responsible for visas and work permits. The Ministry has an updated list of countries who nationals require a visa that can be found at www.moha.gov.gy or via email at homin@guyana.net.gy for queries or additional information.
For short term visits, individuals can apply for a visitor’s visa, which is valid for an initial 30 days and can be extended by immigration officials for two additional one-month periods.
For longer term stays, business representatives and investors can apply for business visa good for five years, which can also be extended with official approval as necessary. Individuals and companies can apply for work permits and employment visas, respectively.
Business Registration
Businesses can legally register with the Deeds Registry in one of the following forms and statuses: single owner proprietorship, partnership or incorporated company. The Business Names (Registration) Act and the Partnership Act govern sole proprietorships and partnerships, respectively, and the Companies Act covers the registration of an incorporated business.
Incorporation
Incorporation involves more time than registering an unincorporated company and submitting the required articles of incorporation which should include the following items:
▪ The proposed name of the company
▪ The proposed address of the registered office in Guyana
▪ The classes and any maximum number of shares that the Company is authorised to issue
▪ If there will be two or more classes of shares, the rights, privileges, restrictions, and conditions attaching to each class of shares must be specified
▪ Minimum issue price in respect of shares or classes of shares
▪ Number of directors; minimum/maximum number of directors
▪ Restrictions on the type of nature and business the company may carry out, if any
▪ The names, addresses, occupations and signatories of incorporators
▪ Statements naming the first directors and secretary and their consent to serve
Investors also should take note that individuals younger than 18, or who have an undischarged bankruptcy, or who have been determined by a court to be incapacitated in terms of making legally binding business decisions cannot be involved in the incorporation process.
After the articles of incorporation have been submitted, the fees due will be calculated. With issues such as a name that actually is a previously reserved name for another company, the applicant will be notified and directed to change the name.
Fees are due at the completion of the application, which is then forwarded to the company division of the Business Registry. In two to three days, the certificate of incorporation is ready to be uplifted, which represents conclusive proof of incorporation of the company named in the certificate and the date of its incorporation.
Foreign Firms
There are special provisions for firms incorporated outside of Guyana, or what are called “external companies” in the Company’s Act. Additional information and documentation must be filed including the country within which the company was incorporated; its name, manner of incorporation, corporate instruments and the extent to which the liability of the shareholders/members of the company is limited. There is also a different fee structure.
Trade Mark Registration
For companies needing to protect specific trade names, invented words and other distinctive marks, an application to the Registry of Patents, Designs and Trade Marks is required. The Registry will check for any previously registered trademark for similarities and if none is found, it will be published in the gazette for public scrutiny. After one month, if there are no contested issues filed, the applicant will be approved for a certificate of registration, which is good for seven years and can be renewed indefinitely every 14 years thereafter.
For ease of navigating the registration process, it is strongly recommended that investors utilize the services of an attorney licensed to practice in Guyana.
REGISTRATION WITH TAX AGENCIES
The next step is to register the newly formed company with the statutory tax agencies, namely Guyana Revenue Authority (GRA), the National Insurance Scheme (NIS) and the respective municipal authorities.
GRA
All firms must register with the GRA to receive a Taxpayer Identification Number (TIN) which is required to conduct business with any government and public entities. To apply, representatives can complete registration at GRA Headquarters at 200-201 Camp Street, Georgetown or at any GRA Regional Office in Guyana.
The GRA collects taxes of the following types: value added, income, corporation, property, capital gains, professional fees, withholding premium, travel voucher, environmental and excise.
NIS
All firms must also register with NIS, the national social security organization, to obtain a unique registration number. The application process can be readily completed at any NIS office.
Companies must file monthly contributions for their employees. Self-employed individuals must also file monthly returns on their earnings. The total contribution is calculated at 14 per cent of the actual wage/salary paid to the employee is derived by a 5.6 percent deduction from the employee’s pay and the remaining 8.4 per cent portion by the employer on behalf of the employee.
The actual wage/salary is, at present, subjected to a ceiling of $GY158, 159 per month ($GY36, 498 per week). The self-employed person contributes 12.5 per cent of his/her declared earnings as contributions.
Municipal Authorities
There are six municipalities in Guyana: Georgetown, Anna Regina, New Amsterdam, Corrivertown, Rose Hall, Linden. Companies are required to pay the duly outlined rates and taxes, including property taxes. Companies can register at the respective municipal office.
FINANCING
There are several options for locally based financing in Guyana. Guyana has six private commercial banks with operations spread throughout the country.
▪ Republic Bank
▪ GBTI
▪ Demerara Bank
▪ Citizens Bank
▪ Bank of Baroda
▪ Scotia Bank
These banks provide many services with loan interest rates averaging around 11 per cent.
SITE DEVELOPMENT
At this stage, the investor and business principals are ready to develop the acquired land or property to establish operations. This process, as standard in any country, entails key steps, approvals and permits. In Guyana, the process includes the following:
▪ Find a reputable architect to design and complete architectural renderings of the proposed building. All permits and approvals are contingent upon those blueprints.
▪ Completed renderings and plans are submitted to the engineers department of the regional municipality or town council for review and approval. The review encompasses factors including spacing, sanitation and disposal facilities, drainage, boundaries, lighting, ventilation, structural soundness and others.
▪ Once plans are approved and the Council agrees with the recommendations of the City Engineers, the application is then passed onto the Central Housing and Planning Authority (CHPA). The CHPA will request multiple copies to distribute to various permit agencies, where applicable.
▪ After CHPA has received notification and approvals from the relevant permit agencies, it approves the plans and returns them to the municipality.
▪ The municipality then issues a building permit to commence construction. The permit is usually valid for two years.
▪ Find a reputable construction firm to carry out the project. The architect or the local Chamber of Commerce can recommend few for consideration, as based on specifications.
▪ Once construction has commenced, a business principal must inform the city engineers department within 30 days from the beginning of construction and again once the construction is completed.
Permit agencies include but are not limited to the following: Guyana Fire Service Department, Occupational Safety and Health Authority, Environmental Protection Agency, Food and Drugs Department, Public Health Department and Guyana National Bureau of Standards.
UTILTIES
During before or after construction, utility services can be established and coordinated through the following entities: The Guyana Telephone & Telegraph Company Ltd. (GT&T), Digicel and E-Networks for landline, phone, voice, cellular connections and data.
There are also other providers of Internet connectivity that can be found in the yellow pages of the GT&T telephone directory or by contacting the local Chamber of Commerce.
Other important utility providers include the Guyana Power & Light Inc. (GPL) for electricity, the Guyana Water Inc. for water. For businesses in Linden, there is the Linden Power Company that supplies electricity.
IMPORTATION OF GOODS AND MATERIALS
All items imported for the new business must pass through the Customs Department of the Guyana Revenue Agency (GRA). While one can navigate this process without assistance, a registered customs broker can prove effective in expediting the process, saving time and money.
For individuals pursuing process independently, the required documents include bill of lading/airway bill, invoice, completed declaration (Form C 72), Taxpayer Identification Number (TIN), and permits and licenses, as applicable. Other documents to support the transaction (i.e. valuation) should be attached.
The process includes the following steps:
▪ The importer, consignee, broker and agent lodges the required documents for vetting at the customs lodging area in GRA’S headquarters. If documents are not in order, they are returned to the importer, consignee, broker or agent for required revisions. A lodgement number is assigned to the completed set of documents and the entry will then be processed usually in one day, but may take up to three to five days, especially for a large shipment of multiple items.
▪ If the payment is greater than $GY30,000, the importer, consignee, broker or agent is issued an assessment notice which is paid at the office where tax assessments are satisfied. After payment, the broker or investor receives official receipts and copies of the entry before proceeding to the Transit Shed (T/Shed), where the goods are stored and the shipping agent will release the goods once the receipts and entry are presented for claiming the shipment. The officer-in-charge arranges for the transferring of goods to be examined prior to final release. The physical goods inventory is checked against items listed in the invoice. As experienced investors soon discover, the customs protocol in Guyana is similar to many other countries. Rather than inspecting every single item in a claim lot, customs officers employ risk-profiling techniques in which random checks may be conducted even if the risk profile is low for a particular item. The percentage of items to be examined is determined by criteria identified in the Total Revenue Integrated Processing System (TRIPS).
Once all documents and inspections have been completed, the importer, consignee, broker or agent obtains delivery of the goods and the documents are stamped for release.
INSURANCE
Insuring investor and owner assets is an important part of the business start-up process and Guyana offers several channels for handling insurance needs. These include the Guyana & Trinidad Mutual Fire & Life Insurance Companies (GTM), the Hand-in-Hand Group of Companies, North American Life Insurance Company Limited, Demerara Mutual Assurance Society, CARICOM General Insurance Company and Assuria Life Inc. Companies unfamiliar or unsure about which firm to use for insurance needs are encouraged to contact a well-known insurance brokerage firm.
HIRING EMPLOYEES
Guyana’s workforce is advantageous for its youthful energy, its large skills base in a variety of agricultural and manufacturing industry sectors and its capacity to adapt to and adopt technologies that are critical to today’s economies. Job postings are most widely disseminated in local newspapers and their popular classified advertising sections, especially for quick response from qualified applicants. The country’s daily newspapers include Stabroek News, Kaieteur News, Guyana Times and Guyana Chronicle.
Another option is to procure the services of a local recruitment agency and some accounting firms coordinate and facilitate activities for hiring. The local Chamber of Commerce and Guyana Ministry of Labour do effective advocacy for identifying solid job candidates.
GRAND OPENING
As in many other countries, when all of the steps have been completed in preparing a new business, Guyana’s communities enthusiastically celebrate a grand opening.
There are professional marketing and public relations agencies which can facilitate event planning but in instances where cost management is important, key business personnel can do much to plan their own grand openings.
FAST FACTS
A. Need to know
1. Population Estimate – approximately 835,000
2. National Motto – One People, One Nation, One Destiny
3. Official Language – English
4. Flag – The Golden Arrowhead
5. Currency – Guyana Dollar (GYD)
6. National Bird – The Hoatzin aka The Canje Pheasant
7. National Flower – The Victoria Regia Lilly
8. Time Zone – GMT-04:00
B.
Climate and Geography
1. Location – North Eastern Coast of South America
2. Area – 214,970km2
3. Climate – tropical; hot, humid, moderate by north-east trade winds; two rainy seasons (May to June; November to January)
Ordinary Member – Large, Medium, Small and Micro Business Enterprises, and individuals who are residents and carrying on business in Guyana.
Associate Member – Not-for-profit, business support organizations and other civil society organizations carrying on business in Guyana.
Non-Resident Member – Any incorporated or unincorporated entity established in a country other than Guyana.
Honorary Member – Persons distinguished in statesmanship, diplomacy, commerce, industry, or finance.
The categories of Membership as an ‘Ordinary Member’ are as follows:
1. Category A – Large Business Enterprises
2. Category B – Medium Business Enterprises
3. Category C – Small Business Enterprises
4. Category D – Micro Business Enterprises
Companies interested in joining the Chamber are required to complete the Application Form and submit the following supporting documents:
Legal Registration Document (Business registration, Incorporation Document, list of Directors, etc.)
Insurance Compliance – National Insurance Scheme (NIS)
Tax Compliance – Taxpayer’s Identification (TIN) Certificate Proof of Accreditation – (Post-secondary and Tertiary Institutions)
Organization Profile
High resolution Logo
GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY MENU OF SERVICES
MEMBER TO MEMBER DISCOUNT PROGRAM
The Chamber, through its member-to-member discount program, is committed to helping its members cut costs and save money whenever possible in a dynamic economic environment. Designed to enhance your membership value, this is a programme where everyone benefits: you extend special benefits to other GCCI members for your business, and you are able to take advantage of the same special benefits being offered by other members.
ADVERTISING
Online
Website
The Chamber is pleased to launch its online advertising service. The primary purpose of this service is to give our members, and the general business community the opportunity to advertise their businesses and services all year round at competitive prices.
Email Promotion
Members are afforded the opportunity to have achievements, services, products or general company advertisements shared en mass to the entire membership database of over 700 members.
Business Guyana Magazine
The BGM is an investor’s guide to doing business in Guyana. It gives a holistic view of Guyana and its business sectors which promotes Guyana as the first choice for trade and investment in the local, regional, and international markets.
Details of the Publication:
▪ 8.5” x 11”
▪ Full-colour
▪ 120+ pages
▪ Ads from 45,000 GYD to 500,000 GYD
▪ Physical circulation of 3500
▪ 100,000 online hits
MEMBER TO MEMBER DISCOUNT PROGRAM
Event Sponsorship
Several of the GCCI’s special events feature sponsors. Sponsors receive various forms of marketing and publicity benefits ranging from physical branding at events to online ads on our website.
Counter Top Marketing
Bring your business cards and brochures to the Chamber office for display at the front counter. It is a great way to market your business to anyone who visits the Chamber.
The Chamber, through its member-to-member discount program, is committed to helping its members cut costs and save money whenever possible in a dynamic economic environment. Designed to enhance your membership value, this is a programme where everyone benefits: you extend special benefits to other GCCI members for your business, and you are able to take advantage of the same special benefits being offered by other members.
EVENT COLLABORATION
Chamber events offer a wonderful chance to expand your network by connecting with our members, industry leaders, and experts! Let us collaborate to expand your circle and gain new customers:
▪ Collaborating with companies to host meetings, conferences, workshops, and seminars.
▪ Organizing meetings, conferences, workshops, mixers, cocktails, etc. And providing the opportunity for members to Sponsor.
TRADE AND INVESTMENT DEVELOPMENT OPPORTUNITIES
The GCCI offers Trade and Investment Development activities such as:
▪ Organisation of trade and investment missions
▪ Arranging meetings between visiting trade delegations and members
▪ Organizing trade fairs and exhibitions, or coordinating members’ participation in overseas fairs and exhibitions.
BUSINESS REFERRALS
The secret to great business networking is establishing a mutually beneficial relationship. Building a strong network is essential to companies and executives to survive. The GCCI receives numerous requests for services daily, and will always recommend its members to businesses first.
GOVERNMENT RELATIONS ASSISTANCE
The Chamber is involved in Government Affairs. This is because Public policy affects the members, hence, the need for elected officials to hear from the Chamber as the voice of the business community. The Chamber acts as the liaison between the membership and the Government.
Participation in sectoral planning and policy making is seen primarily as an activity carried out at the level of local, regional or central government, leading to changes in legislation, incentives, policies, etc. affecting businesses. Under the Advocacy and Governance Committee, the Chamber does the following:
▪ Articulate members’ concerns in a unified voice attracting policymakers’ attention.
▪ Meet regularly with decision-makers to discuss key policy issues and establish channels of communication and close working relationships with their staff.
▪ Provide sound policy-relevant information to policy-makers so that they may start automatically turning to business associations for policy advice.
▪ Engage in both proactive and reactive advocacy (help to set the policy agenda by voicing concerns and proposing specific policies as opposed to only reacting to proposals already on the table).
▪ Keep abreast of imminent and current policy proposals so that they can thoroughly examine the issue and prepare a sound policy response.
▪ Help prevent frequent changes to the business-related legal and regulatory framework that scare away investors and hinder entrepreneurship.
▪ Monitor implementation of advocated policies to ensure that they are administered fairly, consistently, and swiftly, thereby strengthening the rule of law.
▪ Publicize successes to “brand” the association as an active agent of positive change.
The Chamber currently has a Job Bank on its website which allows members to list vacancies in their businesses/ organizations for free. This Job Bank will be scaled up to a full blown Job Portal.
PRIVATE SECTOR UPDATES
The chamber Provide regular updates on employment legislation and business regulation to members. Provide members with information on all local, regional and international trade related matters of relevance. Sourcing and distributing statistical information and relevant data on trade and industry, imports and exports, manufacturing processes and finance. Answering queries of a general nature from third parties.
BOARDROOM RENTAL
SOCIAL/
While Corporate Social Responsibility means different things to different companies, it can be broadly defined as the concept that corporations should voluntarily commit to, i.e. ethical, responsible business practices, reflecting the interests of all stakeholders in the company’s policies and actions. Key areas of concern include but are not limited to employee relations, environmental stewardship, community outreach, and corporate governance.
The Chamber supports activities outside its ‘core work’, engaging with organizations from various social sectors and communities. We aim to use our links with businesses to promote and encourage community engagement and corporate responsibility.
We believe that partnership working can enhance communications and understanding between different communities.
The Chamber’s boardroom is available for use by Chamber members and other individuals who need a professional setting for meetings during normal Chamber business hours (8 a.m. – 4.30 p.m., Mon-Fri), after business hours (5.00 p.m. – 9.00 p.m. Mon-Fri) and weekends (9.00 a.m. – 2.00 p.m., Sat-Sun). This service is offered at a cost, which is dependent on a number of factors. To inquire about the rental of our boardroom, feel free to contact us.
ADVOCACY
As any good Chamber of Commerce, Advocacy is a critical part of the work of the GCCI. By keeping a close eye on the Government and its legislative and policy agenda, the Chamber can make an input in the content and substantive design and final output of these processes.
The Chamber adopts rational, informed positions that take account not only of the short-term interests of members and the wider business community but bring to bear a perspective that calls for an efficient, well-researched, and thought-out policy that achieves national goals and objectives with a minimal negative impact on the business, society, environment, and economy.
Civil/Concrete/Foundation Works , Plumbing & Electrical, Pipe Laying, Earth Works, Buildings, Piling, Steel Erection, Plant and Equipment Installations.
Crane, Forklift, Truck, Excavator, Roller, Transport Service, Generator, Compressor, Welder , Manlift, Telehandler, Skid Steer, Lighting Tower etc.
Structural Fabrication, Welding Services, General Machine Shop Services, Tanks, Piping, Skids, Parts, Baskets, Supports, Hoppers, Silos etc.
