GCCI Annual Report 2015-2016 by GxMedia

THE GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY Serving Guyana Businesses for 126 years

2015 - 2016 Annual Report

GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY IN THE MEDIA

GCCI urges peaceful elections …nudges parties yet to unveil manifestos

sign workshop ld dedem ers forto mmeou produc Pottery, craft upp and et export ing production - training aimed at

ery craft Local ceramic and pott profrom fit bene to are s ucer prod modern in n uctio instr l iona fess gn and techniques for mould desi workshop manufacturing through a bbean being delivered by the Cari

Services Technology Consultancy ultation (CTCS) Network in cons mber of with the Georgetown Cha CI). Commerce and Industry (GC t that 30 Stabroek Business has learn involved persons who are actively

s of craft in pottery and other form es locally and who operate business ek inwill benefit from a three-we beginning structional programme on May 18.

Georgetown Chamber of Commerce and Industry extends congratulations to new Government THE record will show that in the year before we celebrate our 50th Anniversary as a nation, the people of Guyana peacefully selected a new government to become the steward of our national affairs. There were of course some delays and hiccups which caused some tense, if not frightening

moments. Through it all, however, we as a people and a nation showed the level of patience that prevented us from going down that path of senseless violence and destruction from which it would have been difficult to recover. As the coalition celebrates its electoral success in the com-

ing days, it is critical that it realises the magnitude of the work ahead. A win by less than 10,000 votes is a clear indication that there is a significant constituency that needs to be convinced of the new government’s good intentions.

Internationally-recognised food safety certification workshop launched

Inhe Georgetown Chamber of Commerce and 125th dustry (GCCI) on Thursday opened its Lodge, Annual General Meeting (AGM) at Duke next month’s Georgetown, urging a peaceful conduct of nt that the polls, and also expressing disappointme unveil their political parties vying for office are yet to manifestos. (PPP/C) The ruling People’s Progressive Party/Civic There has manifesto launch is scheduled for Saturday. d A Partnerbeen no positive word on when the PNC-le e (APNU/ ship for National Unity/Alliance For Chang AFC) coalition will launch its blueprint. representaBranding itself the oldest private sector its 125th A section of the gathering at the launch of the ServSafe Workshop on Tuesday tive organisation in Guyana, GCCI opened elected. where officers for the 2015/2016 council were AGM in the boardroom of Duke Lodge. ss session The opening session proceeded the busine

Georgetown Chambe r wants national ICT Plan ahead of teleco ms liberalization

The Georgetown Chamber of Commerce and Ind ustry (GCCI) is pushing for a multi-stakeholder-led nation al Information & Communicatio n Technology (ICT) plan ahead of the highly anticipated liberal ization of the country’s telecommunications

sector. At last week’s per iodic business briefing betwe en the Chamber and Stabroek Business, its President Lance Hin ds said that as the society con tinues increasingly to contempla te the eventuality of a liberal ized telecom-

will launch its blueprint. Branding itself the oldest private sector representative organisation in Guyana, GCCI opened its 125th AGM in the boardroom of Duke Lodge. The opening session proceeded the business session where officers for the 2015/2016 council were elected.

President Granger meets with GCCI Executives THE executive members of the Georgetown Chamber of Commerce and Industry (GCCI) yesterday afternoon met with President David Granger. The focus of the meeting was to bring the President up to date with the functions of the Chamber and its plans to work with the new Ad-

ministration. In an invited comment, President of the GCCI, Lance Hinds, said the meeting was a great opportunity for the Chamber to introduce its members, and to pledge their support to working with the new Administration. Hinds said the Chamber is look-

IT could build Guyana’s Economy – GCCI Chairman

he Georgetown Chamber of Commerce and Industry (GCCI) on Thursday opened its 125th Annual General Meeting (AGM) at Duke Lodge, Georgetown, urging a peaceful conduct of next month’s polls, and also expressing disappointment that the political parties vying for office are yet to unveil their manifestos. The ruling People’s Progressive Party/Civic (PPP/C) manifesto launch is scheduled for Saturday. There has been no

positive word on when the PNCled A Partnership for National Unity/Alliance For Change (APNU/AFC) coalition will launch its blueprint. Branding itself the oldest private sector representative organisation in Guyana, GCCI opened its 125th AGM in the boardroom of Duke Lodge. The opening session proceeded the business session where officers for the 2015/2016 council were elected.

erhouseCoopers, Foreign firms Pricewat own Chamber Fujitsu join Georgetam ong new members

munications sector , there is need for a “wide-rangin g and comprehensive national ICT plan” that takes account of the need for all of the various sec tors to maximize their respec tive benefits from liberalization. -resident compaTwo new private non business houses nies are among the 28 Georgetown Chamthat have joined the Industry (GCCI) ber of Commerce and Chamber’s First the r, yea so far this Doerga has told hnu Vis nt side Vice Pre s. ines Bus Stabroek a wholly-owned Fujitsu Caribbean, ek. earlier this we illion-dollar Fuess lti-b sin mu of the Bu of k me ary roe so subsidi at Stab understands th of Fujitsu North t r par pe a pa and ls ws up co ne Gro oto jitsu This s and pr IT Services and lated regulation America is the leading implement the parking-re now seeks to r to the region’s gov ll vide Ha pro s al ty tion Ci ion Solu tradit which tively on the ate sector organizaga priv ne and ts ng a men cti ern pa s, are im businesse ame a member of ngements of tions. The company bec s resulted trading arra June this year. Hinds says ha in r ich mbe wh Cha e the of nc ta circums r by a number ious Pricewaterto the Chambe In August, the prestig in complaints businessmen.

uss impact c is d o t ll a H y it Chamber, C trading n o s le u r g in k r a of p its efforts to ll says are What City Ha orgetown and Ge in ing rk le pa regularize vehic sense of order ter ea gr a ing to otherwise br disorganized congested and th some of to a hopelessly wi ing sh cla ll be Georgetown capital may we rs, de tra y of cit nt the operations dustry Preside mmerce and In told Chamber of Co Lance Hinds

for office are yet to unveil their manifestos. The ruling People’s Progressive Party/Civic (PPP/C) manifesto launch is scheduled for Saturday. There has been no positive word on when the PNC-led A Partnership for National Unity/ Alliance For Change (APNU/AFC) coalition

– Guyana Goldfields als

the largest profeshouseCoopers, one of in the world and sional services firms iting institutions one of the leading aud the Chamber. became a member of r secured anLast July, the Chambe ate sector member other prestigious priv lds, which signed when Guyana Goldfie with the Governa Mineral Agreement ived the Minrece and ana ment of Guy 1 to operate 201 er emb Nov in ing Licence ject joined Pro d Gol ora Aur the and build r. mbe the Cha local manufacturSince January, three Sueria ManuInc, ami Um s, itie ing ent al General Stores ent Ori and g urin fact r. 2015 also saw Ltd, joined the Chambe

Chamber Profile

Table of Contents The GCCI is the oldest private sector representative organisation, established in 1890. We are a memberdriven and professionally staffed non-profit association of business people committed to improving the economic climate and quality of life in Guyana. We are legislatively mandated under the Georgetown Chamber of Commerce and Industry Act Chapter 89:03 of the laws of Guyana.

Mission

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

GCCI 2015 - 2016 Annual Report

Welcome

President’s Message

List of Past Presidents

Notice of Annual General Meeting 2016

125th Annual General Meeting

Councilors & Executives 2015/2016

Chamber Staff 2015/2016

The Chamber’s Committees and Member Representation on Various Boards

International Corporate and Institutional Partners

Membership at a Glance

Year in Review 2015/2016

Annual Dinner and Awards Ceremony 2015

Auditor’s Report

Thank you to Sponsors

Membership Listing

| 3

GCCI 2015 - 2016 Annual Report

Welcome We exist because of our members. You are who we serve and why we are here. Your ongoing support is something we never take for granted. Your membership contribution is the working capital that keeps us going and it expresses your confidence in the value we provide. 2015 was an incredible year of collaboration and progress for the Georgetown Chamber of Commerce and Industry. It is thrilling that even during difficult economic times, our membership continues to grow and people continue to get involved to make a difference. Our Chamber is strong and our positive attitude reflects our self-reliance, our optimism and our perseverance. As we look forward, we will continue to find more ways to ensure that the Chamber continues to show further growth and prosperity. The sky is the limit for our potential, and our Chamber is committed to ensuring your organisation sees us as a vehicle to take your company to the next level. The success of our work is, without a doubt, attributed to the active participation of our members, the dedicated leadership of our Councilors and the tireless efforts of our staff. Our valued Chamber volunteers are also an integral and vital part of our organisation. I would like to thank our outgoing President, Mr. Lance Hinds, for his outstanding leadership, support and dedication. We grew remarkably as an organisation under his direction. We look forward to meeting you in person and soliciting your ideas on how we may better serve you, as we work together to make the Georgetown Chamber of Commerce and Industry the leading organisation of excellence for business. It is a pleasure to present the 2015/2016 Annual Report.

Krysten Sewett Executive Director (ag)

GCCI 2015 - 2016 Annual Report

| 5

GCCI 2015 - 2016 Annual Report

President’s Message It is my distinct privilege to present the 2016 Annual Report of the Executive and Council of the Georgetown Chamber of Commerce and Industry, and also,to provide an overview of the organisation’s performance during the 2015-2016 year. This year started slowly for us as the nation and our members in particular were distracted by the effects of the prorogation of Parliament and the May 2015 general elections. Our council and membership were understandably concerned about the effect this state of affairs was having on their businesses. We were, however, undaunted and pressed on. This Chamber has faced challenges before. History shows that our level of resilience has served us in good stead many times during our 125 years of existence. Our first order of business was a critical review of our financial position. As our members would be aware, a revision of our accounts in 2015 showed that we had experienced deficits in finance for the previous three years. While this was by no means catastrophic and our financial underpinnings were quite sound, the new executive decided that this position had to be addressed and quickly. We critically reviewed our expenditure,surgically and methodically trimming all areas that we felt to be unnecessary and excessive. We then began to look to diversifying our revenue so as to reduce our dependence on membership fees and the Business Guyana Magazine for financial support. In short, we behaved like a private sector organisation that has a responsibility to its shareholders.

of our accounts during this year. We are extremely proud of the work we have done this year in terms of membership. The Membership Committee and the Secretariat continued the practice of visiting businesses in the city. They used these opportunities to explain the mandate of the Chamber, and how it can help to further the interests of business and represent their issues at the policy and decision making levels. Their focus and level of effort in this area has resulted in 32 new members joining the Chamber this year. Our review of past records indicate that this is the highest percentage of new membership in one year, ever. This new membership also includes two international companies, Fujitsu and Price WaterhouseCoopers, whose regional offices are located in Trinidad and Tobago. The Membership Committee performed magnificently this year and deserves the highest accolades for their work. We continued to reflect and review our 125 years of existence because technically, while the organisation was formed in 1899,we were officially constituted by an Act of Parliament in 1890. We took the opportunity to continue to study our past, review where we are now and use this

I am therefore happy to report that as a result our efforts, the Chamber’s financial performance has improved significantly.As you will see in our financial report, we have achieved a $2 million surplus which is a one hundred percent turnaround from the $2 million annual deficits that we had experienced over the previous three years. It should also be noted that as a result of the policies that we implemented, the Chamber’s financial performance should improve even more in the coming years. I wish to congratulate the Finance Committee on their excellent stewardship GCCI 2015 - 2016 Annual Report

| 7

as a guide to determine to how we were going to function as a business support organisation for the next 125 years. The society and the business environment has of course shifted and evolved significantly in many different ways since then. Through it all, however, the Chamber was and continues to be a leading voice as Guyana’s economy continues to evolve, overcome challenges and provide the wherewithal for the comfort and acceptable standard of living deserved by our citizens. What has been a fascinating and very instructive exercise is to understand how the Chamber maintained its core beliefs and values during times when the environment went through such drastic changes. We completed the compilation of the History of the Chamber. This will be presented in full in our 50th Independence Anniversary Edition of the Business Guyana Magazine, which is to be published in May. The Magazine will highlight the growth and evolution of the Chamber within the context of its relationship with the various national stakeholders throughout those years. The overall objective, of course, was to chronicle and protect the legacy of the Chamber for its future members and leaders. Our efforts to create synergies and partnerships with regional and international agencies received a boost when the Caribbean Development Bank’s (CDB) Caribbean Technology Consultancy Services (CTCS) Network appointed the Chamber as their national focal point for the execution of their initiatives in Guyana. Our partnership with the Canadian Volunteer Services Organisation (CUSO) has been renewed with a new initiative this year. Our work with the USAID SKYE programme continues with the Chamber hosting the Job Exchange to help graduates of the programme gain employment. The Chamber continued to develop and present workshops and training programmes to further improve the capacity of our members and the private sector in general. We had a very productive partnership with the CDB and their CTCS network during the year. We first hosted a workshop on Modern Techniques for mould design and manufacturing for Ceramic pottery producers. This was part of an initiative to strengthen the capacity of local craftspeople to better position themselves to compete regionally and further afield. Part of this training programme also included gender sensitisation sessions which aimed to help the participants to better understand the linkages between gender equality and the economic and social factors that affect the growth of the Arts and 8|

Craft Industry. We also organised a workshop in collaboration with the Food and Drug Department for training and certification for food service managers and handlers. This was part of an initiative to improve the safety of food consumed by the public as part of an overall effort to make Guyana most marketable as a tourist destination. Our focus on the building of a 21st century Chamber continued with the hosting of a seminar on the next generation development in Information and Communication Technology. This was done in collaboration with our international member, Fujitsu Caribbean, who highlighted a range of services offered by their international partners -Microsoft, Cisco, Check Point, Oracle and Symantec. The Chamber also hosted the first of forums in 2016 called “Conversation Circle – Inspiring young minds for a Great Future”. The objective of this programme was to enable young entrepreneurs to benefit from the experiences of prominent business owners. These business owners, who are members of the Chamber, served as mentors by bringing their diverse perspectives and expertise on a variety of topics relating to operating a business. I am also happy to report that the Chamber’s position as an effective counterpart agency for the execution of projects and similar initiatives was further buttressed by the signing of a $40 million grant agreement with the CDB to execute a programme to improve business competitiveness in Guyana, and strengthen small and medium enterprises to increase non-traditional exports. This year, we collaborated extensively with our members in presenting seminars and capability building programmes to offer a practical roadmap for developing leadership skills and increasing morale and employee productivity. It would be remiss of me not to mention the signature event that we conducted with Scotia Bank, which we called “LivePitch”. This was an initiative where the four finalists from the ScotiaBank’s business plan competition participated in a televised contest to sell or pitch their ideas and products to a panel consisting of GCCI and Scotiabank executives. The programme was streamed on social media to allow online viewers to participate in the voting process. This generated a tremendous amount of excitement locally, and the Chamber and Scotiabank are now planning to make this an annual event. Our advocacy this year was focused on the development of an enabling environment for businesses to grow and GCCI 2015 - 2016 Annual Report

prosper. We continued to engage with agencies like the Guyana Revenue Authority (GRA) and the Ministry of Business on the resolution of outstanding issues regarding VAT and the application of taxes on products used for packaging and shipping. We urged the policymakers to speed up the process of telecommunication liberalisation and the modernisation of intellectual property legislation. During the budget presentations, we were heartened to hear of the governmentâ€™s commitment to addressing these issues, and we look forward to the execution of the required adjustments to current policy. We continue to be committed to the fostering and development of entrepreneurship, especially among the youth. As I stated earlier, the Chamber signed a multiyear cooperation agreement with the Canadian volunteer organisation CUSO to deliver a range of programmes promoting entrepreneurship, innovation, start-ups and the assembling of likeminded partners to help develop the Chamberâ€™s goal of building an incubation centre. Our efforts to our in-house capacity continued this year. Staff and executives attended regional workshops to gain a greater understanding of regional initiatives and action plans to improve the Caribbean business environment. It also allowed our members to make contacts and follow up on potential collaborative opportunities for the advancement of the Chamber and it members. I presented this overview to not only provide an overview on the work done for the year, but to also emphasize

GCCI 2015 - 2016 Annual Report

the point that the state of the Chamber is strong and fully prepared to meet the challenge of representing our members and the private sector in general in the coming years. I am happy to state that next year, I believe that the Chamberâ€™s executive on average will be the youngest in the history on business support organisations in Guyana. This augurs well for the short, medium and long term future of the Georgetown Chamber of Commerce and Industry. This is my final year as the President of the Chamber. It has been a distinct honour and privilege to serve you over the last two years and also, to serve in the various positions I was elected to over my almost ten years as a member. My sincerest thanks to our corporate partners and other associates who believed in what we were doing and came on board whenever we called on them. I wish to express my heartfelt appreciation to the Chamber Secretariat for the exemplary work they have done over the years supporting the executive and council. Last but certainly not least, I wish to thank the executives for the stellar and capable support I received during the past two years. I leave with the comfort of knowing that the Chamber is in very, very capable hands as we continue to evolve as an organisation ready, even most effectively, to represent the interests of our community. My very best to the executives and please rest assured on my continued commitment and support.

| 9

THE GEORGETOWN CHAMBER OF COMMERCE AND INDUSTRY ESTABLISHED 1889, INCORPORATED 1890

Presidents From 1889 to 2016 1

A. Barr

1889 - 1890; 1892

T.H. Glennie

1891; 1894

G.H Richter

1893

A. Weber

1895-1896

A.P.P Mackey

1897 - 1898; 1903

George Garnett

1899 - 1900; 1905 - 1907; 1912 - 1913

E. M. Sanderson

1901

A. Summerson

1902

C. G. A Wyatt

1904; 1908 - 1911

C. W. Prest

1914

A. P. G Austin

1915 - 1916

A. P. Sherlock

1917 - 1918; 1924

C. Martin-Sperry

1919

C. Farrar

1920 - 1922; 1927

T. H. Dalgliesh

1923; 1925 - 1926

M. B. G Austin

1928

F. H. Martin-Sperry

1929; 1934 - 1935; 1940 - 1942

Jules Pairaudeau

1930

F. A. Mackey

1931

H. G. Seaford, O.B.E

1932 - 1933; 1939; 1943 - 1944; 1949 - 1950

J. I DeAguiar, C.B.E

1936 - 1938; 1951

GCCI 2015 - 2016 Annual Report

| 11

12 |

W. j. Raatgever, C.B.E.

1945 - 1948

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

1952

J. St. F. Dare

1953

W. M. Green

1954 - 1957

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

1958

E. S Stoby O.B.E

1959 - 1960

H. L. Steele

1961 - 1962

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

1962

John Jardim

1963 - 1965

M. B. Gajraj

1966 - 1967

S.M.V Nasseer

1967-1968; 1968 - 1969

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

1970 - 1972

N.O. Gonsalves

1973 - 1977

E.P. Christiani

1978 - 1982

W.G McKenzie

1983 - 1988

Denis E. Moore

1989 - 1992

John S. De Freitas

1992 - 1993

Hansel W. Barrow

1993 - 1994

Denis E. Moore, A.A

1994 - 1995

Manniram Prashad

1995 - 2001

Edward Boyer

2001 - 2005

Capt. Gerald Gouveia

2005 - 2007

Col. (ret) Carl B. Morgan

2007 - 2008

Chandradat Chintamani

2008 - 2010

Komal Ramnauth

2010 - 2012

Clinton Urling

2012 - 2014

Lance Hinds

2014 - 2016

GCCI 2015 - 2016 Annual Report

GEORGETOWN CHAMBER OF COMMERCE & INDUSTRY NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 126th Annual General Meeting of the Georgetown Chamber of Commerce & Industry (GCCI) will be held on Thursday, March 24, 2016 at the Pegasus Hotel, Essequibo Room, Kingston, Georgetown at 14:00 hours for the following purposes: Agenda 1. Reading of the Notice convening the Meeting 2. Presentation of the President’s 2015 Report 3. Auditors’ Report and Financial Statements for the year ended 31 December 2015 4. Resolutions 5. Election of the 2016/2017 Council 6. Appointment of an Auditor 7. Consideration of any business or motion as may properly come before the meeting

All members are reminded to be in good financial standing with the Chamber.

BY ORDER OF THE COUNCIL

Krysten Sewett Executive Director (ag) March 3, 2016

ALL MAIL: 156 Waterloo Street, North Cummingsburg, Georgetown, Guyana, South America Telephone: (592) 225-5846/226-3519/227-6441 Email: gccicommerce2009@gmail.com

14 |

GCCI 2015 - 2016 Annual Report

125th Annual General Meeting

Group photograph of the Council of the Chamber for the year 2015/2016

The Georgetown Chamber of Commerce and Industry (GCCI) held its 125th Annual General Meeting (AGM) on Thursday, April 23, 2015. At Duke Lodge, Duke Street, Kingston, Georgetown, Guyana. Following the opening ceremony, twenty five (25) members were elected to vie for the twenty one (21) members Council for the year 2015/2016. No.

Nominees:

Proposed by:

Seconded by:

Lance Hinds

Vishnu Doerga

Padmawattie Prashad

Vishnu Doerga

Padmawattie Prashad

Jean-Francois Gerin

Padmawattie Prashad

Vishnu Doerga

Lance Hinds

Nicholas Boyer

Lance Hinds

Padmawattie Prashad

Komal Ramnauth

Padmawattie Prashad

Lance Hinds

Alfonso De Armas

Komal Ramnauth

Padmawattie Prashad

Navin Prashad

Komal Ramnauth

Alfonso De Armas

Eon Caesar

Komal Ramnauth

Lance Hinds

Doris Lewis

Komal Ramnauth

Nicholas Boyer

Deodat Indar

Komal Ramnauth

Lance Hinds

Jennifer Cipriani

Padmawattie Prashad

Nicholas Boyer

Shanti Persaud

Trevor Bassoo

Lance Hinds

Jerry Bacchus

Christopher Ravindar Ram

Deodat Indar

Christopher Ravendra Ram

Deodat Indar

Nicholas Boyer

Judy Semple-Joseph

Lance Hinds

Vishnu Doerga

John Lewis

Nicholas Boyer

Christopher Ravindra Ram

Abdool Kadir

Christopher Ravindra Ram

Padmawattie Prashad

Jean-Francois Gerin

Vishnu Doerga

Komal Ramnauth

Jason Wang

Nicholas Boyer

Lance Hinds

Trevor Bassoo

Vishnu Doerga

Jean-Francois Gerin

Dawn Stewart

Vishnu Doerga

Nicholas Boyer

Eon Grant

Vishnu Doerga

Jean-Francois Gerin

Chunilall Baboolall

Deodat Indar

Anita Rambharose

Gerry Gouveia Sr.

Komal Ramnauth

Deodat Indar

Bala Kumar

Christopher Ravinda Ram

Nicholas Boyer

GCCI 2015 - 2016 Annual Report

| 15

Notes: 1. The following members were nominated in their absence: 1) Doris Lewis; 2) Jerry Bacchus; 3) Jason Wang; and 4) Chunilall Baboolal. 2. Mr. Vishnu Doerga moved the motion to close nominations and it was seconded by Mr. Alfonso De Armas.

Mr. Lance Hinds delivering the President's Remarks at the AGM

Since there are only twenty one (21) seats on the Council of the Chamber, (Rules: Section 8:1) voting papers and a voting register along with a locked ballot box were prepared by the Office of the Chamber (Rules: Section 8:3) to allow members to vote on the 25 nominees for the selection of the 21 members of the Council for the year 2015/2016 at the meeting. Thereafter, the locked ballot box was opened and the votes were counted. The following members were elected as the new Council of the Chamber for you year 2015/2016:

16 |

No. Nominees: 1 Vishnu Doerga 2 Christopher Ravendra Ram 3 Lance Hinds 4 Nicholas Boyer 5 Komal Ramnauth 6 Eon Grant 7 Abdool Kadir 8 Jean-Francois Gerin 9 Jason Wang 10 Eon Caesar 11 Jennifer Cipriani 12 Shanti Persaud 13 Padmawattie Prashad 14 Deodat Indar 15 John Lewis 16 Doris Lewis 17 Navin Prashad 18 19 20 21

Trevor Bassoo Dawn Stewart Alfonso De Armas Judy Semple-Joseph

Organisation: Doerga Business Enterprise Ram & McRae The BrainStreet Group National Hardware Kojac Marketing Agency Republic Bank Guyana Ltd. The Guyana Oil Company Amazon Caribbean China Trading Safeway Security Scotia Bank Guyana Silvies Variety Store Ansa McAl Sterling Products Ltd. John Lewis Styles The Gift Centre M.P. Insurance Brokers & Consultants Ltd. New GPC Lyken Funeral Home New Guyana School CreditInfo

GCCI 2015 - 2016 Annual Report

Featured Speaker, Prime Minister of Guyana, H.E. Samuel Hinds delivering his remarks at the AGM

Group photograph of the Executive Management Committee for the year 2015/2016

In keeping with Section 9, 1 (a) of the Rules of the Chamber: the duly elected Council shall elect out of its own body an Executive Management Committee comprising a President, a Senior Vice-President, a Junior Vice-President, a Treasurer and a Secretary. Following the election of the Council of the Chamber for the year 2015/2016 on Thursday, April 23, 2015, the Council held its first Statutory Meeting on Monday, April 27, 2015 to elect out of its body its new Executive Management Committee for the year 2015/2016. The following Councilors were elected on Monday, April 27, 2015 as the new Executive Management Committee of the Chamber for the year 2015/2016. No.

Name

Appointed Position

Organisation:

Lance Hinds

President

The BrainStreet Group

Vishnu Doerga

Senior Vice-President

Doerga Business Enterprises

Padmawattie Prashad

Junior Vice-President

Ansa McAl Trading Limited (Guyana)

Shanti Persaud

Treasurer

Silvies Variety Store

Nicholas Boyer

Secretary

National Hardware (Guyana) Limited

Members and Specials Invitees at the 125th AGM

GCCI 2015 - 2016 Annual Report

| 17

Councilors & Executives 2015/2016

Executive Management Committee:

Lance Hinds President Councilor The BrainStreet Group

Vishnu Doerga Senior Vice-President Councilor Doerga Business Enterprises

Padma Kunjbeharry Junior Vice-President Councilor Ansa McAl Trading Limited (Guyana)

Shanti Persaud Treasurer Councilor Silvies Variety Store

Nicholas Boyer Secretary Councilor National Hardware (Guyana) Limited

Councilors:

Eon Grant Republic Bank (Guyana) Limited

Rosalyn Franklin Guyana Oil Company (GUYOIL)

Jean-Francois Gerin Amazon Caribbean Guyana Ltd

Jason Wang China Trading

Eon Caesar Safeway Security

Jennifer Cipriani Bank of Nova Scotia

Komal Ramnauth Kojac Marketing Agency

Christopher R. Ram Ram & McRae

Deodat Indar Sterling Products Limited

John Lewis John Lewis Styles

18 |

GCCI 2015 - 2016 Annual Report

Councilors:

Doris Lewis The Gift Centre

Navin Prashad M.P. Insurance Brokers & Consultants

Trevor Bassoo New GPC

Judy SempleJoseph CreditInfo (Guyana) Inc.

Alfonso De Armas The New Guyana School

GCCI 2015 - 2016 Annual Report

Dawn Stewart Lykens Funeral Parlor

| 19

Chamber Staff 2015/2016

Executive Director (ag) Krysten Sewett

Accountant Leon Prescott

20 |

Membership Officer Wayne Seecharan

Project & Events Coordinator Monique Tiwari

Advertising Sales Assistant Shazim Ali

Office Assistant Bryony Shewraj

Advertising Sales Assistant Sandi Bowen

GCCI 2015 - 2016 Annual Report

The Chamber’s Committees 1. TRADE AND INVESTMENT COMMITTEE Terms of Reference

3. MEMBERSHIP COMMITTEE Terms of Reference

• To liaise with the Ministry of Foreign Trade and International Cooperation (MOFTIC) on matters relating to the World Trade Organisation (WTO), Free Trade Area of the Americas (FTAA), European Union (EU) / African, Caribbean and Pacific Group of States (ACP), Economic Partnership Agreement (EPA) and the Caribbean Community (CARICOM).

• To ensure that all members of the Chamber abide with required rules and regulations.

• To liaise with the Ministry of Tourism Industry & Commerce and GOINVEST on matters related to Trade & Investment locally. • To ensure that the interest of the Chamber Members and the local Private Sector are adequately represented at the various forums.

• To seek new members of quality for the Chamber in order for the Chamber to remain financially viable and be a unified voice for the Business Community. • To make recommendations to Council on all applications for Membership. • To ensure that the members’ interests and concerns are adequately addressed by the Chamber. • To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.

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

2.SECURITY & GOVERNANCE COMMITTEE Terms of Reference • To review, upgrade and modernize the Chamber’s Constitution with a view of making it more transparent and relevant to today’s Business Environment. • To develop a team that can mediate, advise and otherwise interact with our national security network on issues relating to crime. • In cooperation with the Public Relations SubCommittee, develop educational materials that can assist members of the business community to be better prepared to handle everyday crime such as robbery, kidnapping, etc. • To keep the members of the Chamber informed on a regular basis about any interesting developments under its purview • Liaise with the Guyana Police Force and other relevant authorities at least every three (3) Months to discuss matters of concerns for the Business Community. GCCI 2015 - 2016 Annual Report

4. FINANCE COMMITTEE Terms of Reference • To liaise with Government on Financially-sensitive issues of importance to the Chamber’s Membership • To ensure that the Chamber remains financially viable in the short to medium terms. • To ensure that the budgetary controls in place at the Chamber are followed. • To seek donors & other funding for the Chamber’s Secretariat • To liaise with bilateral and multilateral donors on matters associated with the Chamber. • To keep the Chamber members informed on a regular basis about any interesting developments in the areas being monitored.

| 21

5. PR & FUNDRAISING COMMITTEE Terms of Reference • To ensure that the Chamber remains financially viable in the short to medium term. • To coordinate the planning of any fund raising and promotional initiative such as Annual Dinner, Luncheons (Speaker Programs) etc. • To plan & coordinate Promotional activities for the Chamber so that Businesses can view the Chamber as having a unified voice for the Business Community. • To develop a Public Relations Strategy for the Georgetown Chamber of Commerce. • To ensure that timely communications are sent to members on matters of importance to the Chamber and the Business Community. • To notify the general public through Press Releases. • To work in collaboration with other Sub-committees to produce educational and informative material, which will be of benefit to the Chamber Members. • To keep the Chamber Members informed on a regular basis about any interesting developments in the area being monitored.

7. GREEN ECONOMY COMMITTEE Terms of Reference

6. ADVOCACY COMMITTEE Terms of Reference • To articulate members’ concerns in a unified voice attracting policymakers’ attention. • To meet regularly with decision-makers to discuss key policy issues and establish channels of communication and close working relationships with their staff. • To provide sound policy-relevant information to policymakers so that they may start automatically turning to business associations for policy advice. • To engage in both proactive and reactive advocacy (help to set the policy agenda by voicing concerns and proposing specific policies as opposed to only reacting to proposals already on the table). • To keep abreast of imminent and current policy proposals so that they can thoroughly examine the issue and prepare a sound policy response. • To help prevent frequent changes to the businessrelated legal and regulatory framework that scare away investors and hinder entrepreneurship. • To monitor implementation of advocated policies to ensure that they are administered fairly, consistently, and swiftly, thereby strengthening the rule of law. • To publicize successes to “brand” the association as an active agent of positive change.

• To assist in reducing environmental risks within the business community and to aim for sustainable development without disregarding the environment. • To assist in the development of environmental best practices and green business tools. • To empower Chamber members and the local business community to become environmentally aware by providing information and methods that are in accordance with sustainable ecological practices. • To suggest programs and recommend policy and legislation amendments that contribute to sustainability, and to interface with other sectorial bodies to foster environmental awareness and further common goals.

22 |

GCCI 2015 - 2016 Annual Report

Committee Chairpersons: Advocacy Committee – Mr. Alfonso De Armas Finance Committee – Ms. Shanti Persaud Green Economy Committee – Mr. Jean-Francois Gerin Human Resource Management Committee – Ms. Padma Kunjbeharry Membership Committee – Mr. Vishnu Doerga Public Relations and Fund-Raising Committee – Mr. Nicholas Boyer Security and Governance Committee – Mr. Eon Caesar Trade & Investment Committee – Mr. Lance Hinds

Member Representation on Various Boards Council for Technical and Vocational Education and Training – Mr. Gary Thompson Financial Intelligence Unit-Money Laundering and Financing of Terrorism – Mr. Nicholas Boyer Guyana Energy Agency – Mr. Lance Hinds Guyana Gold Board – Ms. Joycelyn Williams Guyana National Bureau of Standards – Mr. Vishnu Doerga Judicial Review Commission – Mrs. Doris Lewis Ministry of Education Tender Board – Mrs. Doris Lewis National Accreditation Council – Ms. Padma Kunjbeharry

GCCI 2015 - 2016 Annual Report

| 23

International Corporate and Institutional Partners

Caribbean Development Bank’s (CDB) Caribbean Technological Consultancy Services (CTCS) Network Caribbean Technological Consultancy Services (CTCS) is a network operated by the Technical Cooperation Division of Caribbean Development Bank (CDB) in cooperation with regional and National institutions, laboratories, industrial enterprises consultants. CTCS contributes to strengthening private sector capabilities by linking persons who have business and technical experience with businesses requiring consulting advice and assistance. Interventions are carried out under three (3) principal modes: • Direct Technical Assistance (facilitated by consultants) • Workshops • Job Attachments The Chamber has been supporting one of the Bank’s strategic objectives to promote broad-based economic growth, by providing support to Private Sector Development aimed at enhancing the viability of Micro, Small and Medium Sized Enterprises (MSMEs). This is done through the Chamber’s ground support as an executing agency to coordinate workshops. The Chamber is currently in collaboration with the Bank to execute a one year project on “Improving Competitiveness in Guyana and Strengthening of SMEs to Increase Non-traditional Exports.”

Caribbean Expor t Development Agency (CEDA) Caribbean Export Development Agency (CEDA) is the only Regional Export Development and Trade Promotion Agency in the Caribbean, established in 1996 by an Inter-Governmental Agreement between 15 CARIFORUM States. Its mission is to increase the competitiveness of Caribbean countries by providing quality trade and 24 |

export development and investment support services through effective programme execution and strategic alliances. With a focus on enhancing competitiveness and promoting trade and export development within the private sector, Caribbean Export has played and continues to play a major role in regional development and integration. Canadian Executive Service Organisation (CESO) The Canadian Executive Service Organization (CESO) is a Canadian not-for-profit volunteer-based development organization founded in 1967. CESO contributes to development by building capacity in governance and economic development among local clients and partners through the transfer of knowledge and skills by highly skilled Volunteer Advisors (“VAs”). CESO bases its approach to development on the value of building and strengthening the capacity of local partners and clients. This approach is based on an assumption that specific capacity gaps can be addressed through short-term targeted assistance. CUSO International CUSO International is a development organisation registered charity in Canada that works to reduce poverty and inequality through the efforts of highly skilled volunteers, collaborative partnerships and compassionate donors, with the vision of: “A world of engaged and empowered citizens working together to overcome poverty, and to promote equality and justice…where all people are able to realise their human rights, develop their capabilities and participate in GCCI 2015 - 2016 Annual Report

society.” Due to our close involvement with CUSO, the Chamber has developed the ability to reach out to groups which are normally outside of our sphere of interests, and offer them quality mentorship and other valuable resources necessary for navigating the world of business. In this regard, CUSO is currently partnering with the Chamber for its VOICE Project – “Volunteers for International Cooperation and Empowerment”. CUSO’s Youth Entrepreneurship Specialist will be carrying out a feasibility study on a local Business Incubator in Georgetown. We hope to develop more outreach programs that will target sections of society that are in dire need of entrepreneurship opportunities.

GCCI 2015 - 2016 Annual Report

Inter-American Development Bank (IDB) Inter-American Development Bank (IDB)works to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, they help improve health and education, and advance infrastructure. IDB’s aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today they are the leading source of development financing for Latin America and the Caribbean. IDB provide loans, grants, and technical assistance; and they conduct extensive research. IDB maintains a strong commitment to achieving measurable results and the highest standards of increased integrity, transparency, and accountability.

| 25

Membership at a Glance

154

+ 26%

increase in our membership base

Company members

Evolution of Membership Base

23 19 17

4 2 2010 2010/2011

2011 2011/2012

2012 2012/2013

2013 2013/2014

2014 2014/2015

2015 2015/2016

For the year 2015 and up to February 2016, the Chamber added thirty-two (32) new members, namely: • 3MG • ASHMIN'S FUN PARK & RESORT INCORPORATED • CARANA AGRICULTURE DEVELOPMENT PARTNERSHIP INC. • CENTRAL ELECTRONICS • CORUM DISTRIBUTION • CURTAINS AND DRAPERY DESIGN • DAPPER TECHNOLOGY • EUREKA MEDICAL LABORATORIES INC. • FUJITSU CARIBBEAN (TRINIDAD) LIMITED • GLOBAL SEAFOOD DISTRIBUTORS 26 |

• GLOBAL TECHNOLOGY INC. • GUYANA AMERICAN MERCHANT BANK INC. • GUYANA GOLDFIELDS INC. • GUYPRIDE CONSTRUCTION & MINING • INNOVATIVE SYSTEMS INC. • INSURANCE BROKERS OF GUYANA LIMITED • INTEGRATED SECURITY SERVICES • ORIENTAL GENERAL STORE (GUYANA) LIMITED • PRICEWATERHOUSECOOPERS LIMITED • PROJECT DEVELOPMENT CONSLUTANCY

• PRUDENTIAL INDUSTRIAL TECHNOLOGY • PURAN BROTHERS DISPOSAL INC. • RID-O-PES • SCHOOL OF THE NATIONS INC. • SEALAND SURVEYS • TACTICAL SOLUTIONS AND CONSULTING • THE CONSULTANCY GROUP • TONY'S AUTO SPARES • TOUCAN INDUSTRIES • VIDEO MEGA PRODUCTIONS LTD • VSH UNITED (GUYANA) INCORPORATED • WEB SOURCE GUYANA INC.

GCCI 2015 - 2016 Annual Report

Membership per Category

Sectors of Activities

The structure of the membership 2015/2016 per category is the following:

1% 25%

20%

45%

Ordinary Member- A (38)

25%

Ordinary Member- B (70) Ordinary Member- C (30)

20%

Ordinary Member- D (14) Non-Resident Member (2) Honorary Member (0) Associate Member (0)

45%

GCCI 2015 - 2016 Annual Report

| 27

Benefits of Membership - Testimonials

Kester Hudson

Cladia Van Sluytman

“As a member of the Chamber, Dapper Technology has a better understanding of private sector development and its roles and functions in representing the business community. In addition, my company has benefitted from networking with prominent business owners while sharing resources ideas.”

“One of the major reasons for us joining the Chamber is the ability to network with members of the business community by participating in meetings and workshop. The Chamber also creates opportunities for us to meet investors. “

Managing Director Dapper Technology

.................................................... Marlon George

Managing Partner 3MG “The ability to network and interact with prominent business owners, while sharing experiences as well as the ability to have an impact on decisions that affect the business community.”

.................................................... Anije Lambert

Founder Project Development Consultancy “Apart from networking, as a member of the Chamber we have access to a wider corporate network and an abundance of resources where we can advocate the importance of data research and data management within the business community. “

.................................................... Julius Simon

Technical Director Innovative Systems Inc. “The Chamber enforces our credibility as a new company in the market and it provides the exposure that is needed for Innovative systems Inc.” 28 |

Administrative Manager The Consultancy Group

.................................................... Allison Butters-Grant Chief Executive Officer Global Seafood Distributers

“As a re-migrant coming back to Guyana from a business environment and being a member of East Orange Chamber of Commerce and other business organizations in the U.S, I felt compelled to join the Chamber as not only being member but to bring knowledge and expertise of being in the U.S for over 30 years. The GCCI gives my business the exposure and allows me to promote my business to the business community. It also provides information that may not be easily accessible to the business community including grants and other opportunities that bring viability.”

.................................................... Suresh Singh

General Manager Tony’s Auto Spares “One of the major benefits of being a member of the Chamber is being able to network and participate in chamber activities such as training. Another major benefit as a member is the representation that the Chamber provides for us.”

GCCI 2015 - 2016 Annual Report

Year in Review 2015/2016 APRI L 2 0 1 5

On April 22, 2015, Senior Vice President of the GCCI, Mr. Vishnu Doerga met with representatives from Guyana Logistics and Support Services Inc., Mr. Gregory Sukull, Projects Planning Officer and Mr. Glen Low- A- Chee, Operations Manager. The meeting aimed to provide their client from Suriname, Cool Expert N.V., with an introduction to the Guyanese market, after which a presentation was made to the GCCIâ€™s Executive board at its Statutory Meeting on April 27, 2015.

On April 30, 2015, the Chamber hosted its 125th Anniversary Celebration and the launch of the 6th edition of its Business Guyana Magazine with a Blacktie Affair Dinner held at the Pegasus Hotel, Savannah Suite. The Guest Speaker of the esteemed event was His Excellency, James Gregory Quinn, British High Commissioner. With over a hundred guests, the evening proved to be an exquisite one. The evening events included a cocktail, speeches by esteemed speakers, dinner, music, and the unveiling of the 6th Edition of the Business Guyana Magazine.

GCCI 2015 - 2016 Annual Report

| 29

MAY 2 0 1 5 On May 22, 2015, the President of the GCCI, Mr. Lance Hinds, held a meeting with representatives from the Economic Commission for Latin America & the Caribbean (ECLAC), who were preparing the annual economic survey of Latin America & the Caribbean. This survey will examine the evolution of the region’s economy for 2015.

The Caribbean Development Bank’s (CDB) Caribbean Technology Consultancy Services (CTCS) Network with coordination support from the Georgetown Chamber of Commerce and Industry (GCCI) organized a project in Guyana- “Workshop on Modern Techniques for Mould Design and Manufacturing for Ceramic and Pottery Producers”as part of an effort to strengthen the capacity of local craftspeople to improve the efficiency of their work, thereby better positioning themselves to capitalize upon the growing demand for their products in the Caribbean Region. The workshop took place from May 25 to June 12, 2015 at the Girl Guides Pavilion and thirty (30) artisans (20 females and 10 males) from various parts of Guyana attended.

JU N E 2 0 1 5 On June 16, 2015, Senior Vice President of the GCCI, Mr. Vishnu Doerga represented the Chamber at the Third Regional Caribbean Growth Forum in St Lucia. The following themes were discussed: (i) ways to harness growth in the Caribbean today; (ii) opportunities in value chain approaches to building linkages among growth sectors and the development of competitive industries in the region; and (iii) prospects to promote innovation and entrepreneurship in growth clusters. On June 22, 2015, Executive Director (ag), Ms. Krysten Sewett, represented the Chamber at a one day workshop for Entrepreneurs on Angel Investment in Barbados. The workshop was the first in a series to be hosted by the Caribbean Export Development Agency (CEDA). The objective of the workshop was to introduce to the participants to the concept of angel investing, the profile of typical Angels and what they are looking for in potential investments.

30 |

GCCI 2015 - 2016 Annual Report

JULY 2 0 1 5

On July 8, 2015, the Executive Management Committee of the GCCI met with President David Granger and Executives. The focus of the meeting was to bring the President up to date with the functions of the Chamber and its plans to work with the new administration. President of the GCCI, Mr. Lance Hinds noted that the meeting was a great opportunity for the Chamber to introduce its members, and to pledge their support to working with the new administration.

On July 20, 2015, Mr. Lance Hinds, President of the GCCI, held a meeting with the representatives of TIME magazine, who were doing a special selection on the economy and investment prospects in Guyana to be published later in the year.

On July 23, 2015, Mr. Lance Hinds, President of the GCCI, met with a five member team from the Newpark Drilling Fluids who are interested in establishing a branch of Newpark in Guyana. GCCI 2015 - 2016 Annual Report

| 31

The Caribbean Development Bankâ€™s (CDB) Caribbean Technology Consultancy Services (CTCS) Network with coordination support from the Georgetown Chamber of Commerce and Industry (GCCI) organized a half day workshop on Gender Sensitization which was held on July 30, 2015 at the Herdmanston Lodge. The workshop aimed to provide an understanding of the linkages between gender equality and the economic and social factors that affect the growth of the Arts and Craft Industry. A total of twenty one (21) persons (17 females and 4 males) attended and actively contributed to the workshop process and content. The topics covered by the facilitator, Ms. Renata Chuck-a-sung, included: the meaning of gender, its importance, human rights, non-discrimination, gender analysis, demographic profile, practice and participation, challenges and recommendations. On July 24, 2015, Mr. Lance Hinds, President of the GCCI, met with Ms. Lisa Cordillo and Ms. Marina Garcia, Project Associates of World Investment News, who were coordinating a series of reports focusing on the Caribbean and starting with Guyana to be published worldwide within the prestigious publication, the Harvard Business Review.

AUGUST 2 0 1 5

On August 6, 2015, Mr. Lance Hinds, President GCCI, held a Meeting with representatives from a PricewaterhouseCoopers (PWC), a Trinidad company, who are interested in extending their services to Guyana, through the provision of tax services, and also, to partner with the GCCI in future endeavors. On August 26, 2015, Mr. Lance Hinds, President of the GCCI, met with the representative of PROCOLOMBIA, Ms. Rosa Carolina Garz on. PROCOLOMBIA provides business opportunities, clear information on requirements, strategies for expanding services and goods at an international level, participation in business fairs and assistance by experts for investors, exporters, and professionals that wish to come closer to their dreams

32 |

GCCI 2015 - 2016 Annual Report

On August 28, 2015, the GCCI in collaboration with GeoTech Vision Guyana hosted “Executive Style: Networking with a Twist”. It was an After Hours forum held under theme “Inspire Possibilities…Breaking Boundaries” for business executives. It was held at the Aura Bar & Lounge, Pegasus Hotel. This event gave all in attendance the opportunity to hear a short presentation and opened new frontiers for business.

S EPT E M BER 2 0 1 5 On September 9, 2015 representatives of Texila American University consisting of the Vice President, Mr. Ashok Kumar; Director of Operations, Mr. Balakumar; Mr. Ivor English and the President of the Georgetown Chamber of Commerce and Industry, Mr. Lance Hinds, met with the Minister of Tourism, Honourable Catherine Hughes.

GCCI 2015 - 2016 Annual Report

The Caribbean Development Bank (CDB) Caribbean Technological Consultancy Services (CTCS) Network with coordination support from the Georgetown Chamber of Commerce and Industry (GCCI) and further assistance from the Food and Drug Department, organized a Workshop on ServSafe Training and Certification for Food Service Managers and Handlers in Guyana. The workshop was held as part of an effort to improve the safety of food consumed by locals and tourists, thus making Guyana more marketable as a tourism destination. This 3 day workshop began on September 15 and ended on September 17, 2015 at the Herdmanston Lodge (days 1 and 3) and Cara Lodge Hotel (day 2) of which thirty five (35) persons (26 females and 9 males) from various parts of Guyana attended.

| 33

SEP TE M B E R 2 0 1 5

On September 17, 2015, GCCI in collaboration with Fujitsu Caribbean conducted a seminar titled “Next-Generation Developments in Information and Communication Technology (ICT)”. During this event participants had an exclusive look at the next generation developments in ICT, alongside internationally-esteemed partners such as Microsoft, Cisco, Check Point, Oracle and Symantec.

OC TO B E R 2 0 1 5 Scotiabank and the Georgetown Chamber of Commerce and Industry launched a LivePitch Business Plan competition. It required existing and potential small business owners to use Scotiabank’s free online Plan Writer tool to prepare a Business Plan and submit it to the Bank by October 23, 2015.The exciting Business Plan competition saw the winner taking home a $500,000 for a startup business account with the Bank. In addition, the finalists received a 4 months coaching package from ActionCoach.

On October 23, 2015, the GCCI held a Leadership Seminar at the Pegasus Hotel on the theme “Leading by Example”. Its objective was to provide managers and supervisors with a practical roadmap for developing their leadership skills and increasing employee morale and productivity. Panelists included Mr. Vishnu Doerga: “Leadership and Employee Engagement”; Mr. Rawle Dundas: “Challenges to True Leadership, Caring, Connecting, Growing”; and Mr. Gary Thompson: “Transformational Leadership”. 34 |

GCCI 2015 - 2016 Annual Report

NOV E M B E R 20 1 5

The GCCI in collaboration with Palm Court hosted a BBQ fundraising event on November 28, 2015 at Palm Court. It was an afternoon filled with fun, food and music, and all proceeds went to Chamberâ€™s initiatives for the year 2016.

From November 9-13, 2015, the Executive Director (ag), Ms. Krysten Sewett, represented the GCCI at a training hosted by the Caribbean Development Bank (CDB) in Barbados on Managing for Development Results (MfDR). MfDR is the management strategy used by development agencies around the world, which aims to improve transparency, accountability and effectiveness in development. MfDR entails strategic planning, performance measurement and management, with a strong focus on results.

D ECE M B E R 2 0 1 5

Like previous years, the GCCI held its final bing event for the year 2015, its Annual Gala Dinner and Awards Ceremony on Thursday, December 3, 2015 at the Pegasus Hotel. The Guest Speaker of the esteemed event was Professor Chad Perry of the Australian Institute of Business and the Feature Address was delivered by the Minster of Business, Honorable Dominic Gaskin. The gala event was an exquisite one, whereby, extraordinary individuals and businesses were recognized for their invaluable contributions to the Guyanese business community and Guyana at large.

GCCI 2015 - 2016 Annual Report

| 35

A Renewable Energy (RE) workshop was held on December 12, 2015 by the Caribbean Policy Research Institute (CaPRI) in collaboration with the Caribbean Community Secretariat (CARICOM) and the Georgetown Chamber of Commerce and Industry (GCCI). Representatives from the public and private sectors participated and contributed their insights on issues surrounding renewable energy development in Guyana. The workshop also saw CaPRI presenting and seeking feedback on the findings and outputs of their work, which included the introduction of webbased tools designed to assist RE stakeholders.

JAN UARY 2 0 1 6 On January 27, 2016 the GCCI hosted the first “The Conversation Circle: Inspiring Young Minds for a Great Future.” The objective of this program is to enable young entrepreneurs to benefit from the experiences of prominent business owners. These business owners, who are members of the Chamber, will serve as mentors who will bring their diverse perspectives and expertise on a variety of topics relating to business owners.

36 |

GCCI 2015 - 2016 Annual Report

FEB RUARY 20 1 6

On February 25, 2016 the GCCI was invited to attend an information sharing forum entitled ‘Let’s Talk Business” hosted by EMPRETECH Guyana at the Georgetown Club. EMPRETEC has designed this program to provide the necessary business information to entrepreneurs, which they believe is critical to enabling businesses to operate successfully in the Guyana business environment.

MARC H 2 0 1 6 On March 3, 2016 the President of the GCCI, Mr. Lance Hinds, met with a consultancy team from Landell Mills Ltd who are developing a sustainable Monitoring, Evaluation and Reporting (M E & R) framework for the CARICOM Single Market and Economy (CSME). The purpose of the M E & R framework is to help determine the effectiveness of the CSME in delivering the benefits of regional economic integration to the people of the Community.

GCCI 2015 - 2016 Annual Report

| 37

Annual Gala Dinner & Awards Ceremony 2015 On Thursday, December 3, 2015, the Chamber held its Annual Gala Dinner & Awards Ceremony at the Pegasus Hotel.

Business, Honorable Dominic Gaskin. Minister Gaskin expounded on the Ministry’s plans to support the growth of businesses in the upcoming year, 2016.

The Ceremony was the Chamber's most high profile event, and it provided business executives with a priceless opportunity to network and exchange ideas. Most importantly, it was a time for the Chamber to celebrate individuals and organizations who have made invaluable contributions to Guyana.

Gala festivities included a cocktail reception at 7 p.m., dinner, an entertainment segment, speeches by esteemed individuals, the presentation of awards, and the drawing of attractive door prizes. This year, eight (8) Awards were presented, including Business of the Year Award (Small to Medium), Business of the Year Award (Large), Young Business Executive Award, President's Award, Corporate Citizenship Award, Lifetime Achievement Award, Award for Innovation and Media Award.

The guest speaker of this momentous occasion was Professor Chad Perry of the Australian Institute of Business (AIB). Professor Perry, who is a distinguished Professor in the field of marketing and management, delivered remarks on how Guyana can grow its economy by adopting a more comprehensive and careful approach to International Trade. A Feature Address was also delivered by the Minister of

Prominent members of the business community, elected officials, distinguished academics, community leaders, philanthropists and members of the diplomatic corps gathered for this highly anticipated annual event.

The 2015 Award Categories and Recipients were: President’s Award

Lifetime Achievement Award

This award is given in recognition for effectively facilitating the work of the business community by exhibiting the highest standard of service.

This award is given for contributions to the development of the Business Environment in Guyana which present opportunities for learning in future generations.

Recipient: Qualfon

Recipient: Mrs. Doris Lewis

Mr. Lance Hinds, President of the GCCI, presented the President’s Award to Ms. Luanna Persaud, Call Center Manager of Qualfon.

38 |

Mr. Lance Hinds, President of the GCCI, presented the Lifetime Achievement Award to Mrs. Doris Lewis, Managing Director of the Gift Center.

GCCI 2015 - 2016 Annual Report

Corporate Citizenship Award

Young Business Executive Award

This award is given in recognition of the company’s demonstration of ethical leadership, good corporate governance and community investment.

This award is given for demonstration of ambition, skill, vision and tangible business success under the age of forty.

Recipient: Bank of Nova Scotia (Guyana)

Recipient: Mr. Clairmont Cummings

The British High Commissioner, Mr. Greg Quinn, presented the Corporate Citizenship Award to Ms. Natascha Hamilton, Head of Scotiabank’s Corporate and Commercial Banking Unit.

Award of Innovation This award is given in recognition of recorded breakthrough achievements in technology, processes, marketing campaigns and development that have impacted positively on quality of products, services, customer satisfaction, process efficiencies, employee satisfaction and company/product image. Recipient: Eureka Medical Laboratories Inc.

The Award of Innovation was presented to Mr. Andrew Boyle, Chief Executive Officer of Eureka Medical Laboratories Inc.

GCCI 2015 - 2016 Annual Report

Honourable, Mr. Dominic Gaskin, Minister of Business, presented the Young Business Executive Award to Mr. Clairmont Cummings, Managing Director of Corum Distribution.

Business of the Year This award is given in recognition of the company’s demonstration of good overall performance in the areas of financial growth, customer satisfaction, internal processes improvements, employee relations, development and corporate citizenship. Small to Medium Cateogry Recipient: UMAMI

United States of America Ambassador, H.E Perry Holloway presented the Business of the Year Award (Small to Medium) to Mr. Chris Persaud, Managing Director of Umami.

| 39

Business of the Year

Media Award

Large Category Recipient: Guyana Gold Fields

This award is given for outstanding media coverage of the work of the Chamber and Business Community. Recipient: The Stabroek News

Honourable, Mr. Dominic Gaskin, Minister of Business, presented the Business of the Year Award (Large) to Mr. Dave Johnson, Operations Manager and Ms. Ayaana Jean-Baptist, Corporate Social Responsibility Manager of Guyana Gold Fields.

Professor Chad Perry of the Australian Institute of Business (AIB) delivering his remarks at the Gala Dinner and Awards Ceremony 2015.

40 |

Executive Director (ag) of the GCCI, Ms. Krysten Sewett, presented the Media Award to Mr. Vishnu Doerga of Doerga Business Enterprises on behalf of Stabroek News.

Honourable, Mr. Dominic Gaskin, Minister of Business delivering his remarks at the Gala Dinner and Awards Ceremony 2015.

GCCI 2015 - 2016 Annual Report

| 41

GeorgetownChamber ChamberofofCommerce Commerceand andIndustry Industry Georgetown Statement Financial Position Statement ofof Financial Position December 2015 AsAs atat December 31,31, 2015 ASSETS ASSETS Current assets Current assets Cash cash equivalents Cash && cash equivalents Accounts receivable Accounts receivable Deferred expenses Deferred expenses Other receivable Other receivable Total current assets Total current assets Non-current asset Non-current asset Property, plant equipment Property, plant && equipment

G$G$ 2015 2015

G$G$ 2014 2014

66 77 88 99

19,737,709 19,737,709 1,362,310 1,362,310 437,623 437,623 157,453 157,453 21,695,095 21,695,095

11,812,588 11,812,588 1,447,003 1,447,003 - 1,525,000 1,525,000 14,784,591 14,784,591

2 (c) 2 (c) && 55

38,667,867 38,667,867

38,780,909 38,780,909

60,362,962 60,362,962

53,565,500 53,565,500

1010 1111 1212 1313 2424

1,984,100 1,984,100 4,443,000 4,443,000 647,174 647,174 2,238,499 2,238,499 199,366 199,366 9,512,139 9,512,139

- 1,499,952 1,499,952 5,800 5,800 2,238,499 2,238,499 199,366 199,366 3,943,617 3,943,617

36,140,654 36,140,654 14,710,169 14,710,169 50,850,823 50,850,823

36,140,654 36,140,654 13,481,229 13,481,229 49,621,883 49,621,883

60,362,962 60,362,962

53,565,500 53,565,500

Notes Notes

TOTAL ASSETS TOTAL ASSETS LIABILITIES AND EQUITY LIABILITIES AND EQUITY Current liabilities Current liabilities Accounts payable Accounts payable Deferred income Deferred income Other payables Other payables Contingency fund Contingency fund Provision Provision forfor taxtax Total current liabilities Total current liabilities Equity Equity Revaluation reserve Revaluation reserve Accumulated funds Accumulated funds Total equity Total equity TOTAL LIABILITIES AND EQUITY TOTAL LIABILITIES AND EQUITY

The notes pages 6 to form integral part these nancial statements. The notes onon pages 6 to 1616 form anan integral part ofof these nancial statements. behalf Board Executives OnOn behalf ofof thethe Board ofof Executives

…………………………………… ……………………………………

President President

Treasurer Treasurer

42 |

Page 2 of Page 2 of 1616

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry

Statement of Comprehensive Income For the year ended December 31, 2015

Notes 15 16 17 18 19

G$ 2015 8,056,790 9,164,542 1,787,953 3,249,040 883,500 23,141,825

G$ 2014 7,052,000 12,606,876 4,511,045 1,800,000 25,969,921

Other income

1,921,197

779,283

Expenses Operating expenses Administrative expenses Financial charges Total expenses

21 22 23

9,362,054 14,395,889 76,139 23,834,082

14,046,382 16,272,407 101,141 30,419,930

1,228,940

(3,670,726)

Revenue Membership subscription Advertisement Workshop Events Sponsorship Total revenue

Surplus/(deď€ cit)

The notes on pages 6 to 16 form an integral part of these ď€ nancial statements.

GCCI 2015 - 2016 Annual Report

Page 3 of 16

| 43

Georgetown Chamber of Commerce and Industry

Statement of Changes in Equity For the year ended December 31, 2015

Revaluation reserve G$ Balance as at December 31, 2013 Deď€ cit for the year Balance as at December 31, 2014 Surplus for the year Balance as at December 31, 2015

36,140,654 36,140,654 36,140,654

Accumulated surplus G$

Total G$

17,151,955

53,292,609

(3,670,726)

13,481,229

49,621,883

1,228,940

14,710,169

50,850,823

The notes on pages 6 to 16 form an integral part of these ď€ nancial statements.

44 |

Page 4 of 16

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry

Statement of Cash Flows For the year ended December 31, 2015

G$ 2015

Cash ows from operating activities Surplus/decit for the period

1,228,940

Adjustments for : Depreciation

500,637

G$ 2014 (3,670,726)

393,670

Operating surplus/decit before changes in working capital

1,729,577

(3,277,056)

Increase in accounts receivable Decrease in deferred expenses Decrease/increase in other receivable Increase in accounts payable Increase/decrease in deferred income Increase in other payables Cash generated from/(used in) operations

84,693 (437,623) 1,367,547 1,984,100 2,943,048 641,374 8,312,716

6,172,297 (1,525,000) (7,309,973) 5,800 (5,933,932)

Cash ows from investing activities Acquisition of property, plant & equipment

(387,595)

(1,041,193)

Increase/decrease in cash and cash equivalents

7,925,121

(6,975,125)

Cash and cash equivalents at the beginning of the year

11,812,588

18,787,713

Cash and cash equivalents at the end of the year

19,737,709

11,812,588

An analysis of cash & cash equivalents as at December 31, Cash on hand Cash at bank Total

39,575 19,698,134 19,737,709

57,925 11,754,663 11,812,588

GCCI 2015 - 2016 Annual Report

Page 5 of 16

| 45

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

General information The Georgetown Chamber of Commerce and Industry is a not-for-prot organisation that was established by an Act of Parliament on February 5, 1890 and its registered ofce is located at Lot 156 'C' Waterloo Street, North Cummingsburg, Georgetown. During the year 1982, the organisation's name was changed from "The Georgetown Chamber of Commerce and Industry" to "Georgetown Chamber of Commerce and Industry". The objectives of the Georgetown Chamber of Commerce and Industry, as stipulated by the "Georgetown Chamber of Commerce Act" are as follows:

(a) the promotion and protection in Guyana of trade and services, local, regional and foreign; (b) to promote and encourage the development of Guyana of primary industries and manufacturing and processing operations with the use as far as possible of local raw materials and expertise and the application of modern and efcient methods of maintenance, standards of safety and labour relations; (c) to encourage adherence by manufacturers to proper qualitative standards in their products; (d) to promote within and outside Guyana by means of advertisement, trade fairs and in any other manner, the consumption and the use of goods manufactured or produced in Guyana. (e) to assist in the procurement of overseas markets for goods produced in Guyana; (f)

to collect and disseminate statistical and other information relating to commerce, trade, manufacture and industry;

(g) to use its good ofces in the settlement of disputes involving members of the local commercial and industrial community; (h) to consider all matters connected with trade, manufacture, industry and commerce, and where appropriate, to make representations and express an opinion or take a position on any such matters; (i)

to imitate, promote or to comment on actual or proposed legislative, regulatory or administrative measures affecting trade, manufacture or industry and to communicate or cooperate with the appropriate governmental institutions in respect of such measures;

(j)

to encourage generally but more particularly among the membership, the adherence to ethical standards in trade, manufacture, industry and commerce and to aid and support in any manner other associations or bodies having objects similar to those of the Chamber;

46 |

Page 6 of 16

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

(k) to amalgamate or afliate with any institution having objects similar to those of the Chamber, and in the event of an amalgamation to transfer the property of the Chamber to any such institution; and (l)

to do all such things as may be requisite and necessary for the attainment of the objects of the Chamber, including the receiving and donating gifts, investing the income and funds of the Chamber, and the borrowing of money.

Basis of preparation and accounting policies These nancial statements have been prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities issued by the International Accounting Standards Board.

(a) Basis of accounting These nancial statements have been prepared under the historical cost convention.

(b) Income & expenditure Income & expenditure are dealt with in these nancial statements on the accrual basis of accounting.

(c) Property, plant & equipment Items of property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to allocate the cost of assets less their residual values over their estimated useful lives, using the reducing balance method. The following annual rates are used for the depreciation of property, plant and equipment: Land & building Ofce furniture & equipment

2% 10 - 50%

If there is an indication that there has been a signicant change in depreciation rate, useful life or residual value of an asset, the depreciation of that asset is revised prospectively to reect the new expectations.

GCCI 2015 - 2016 Annual Report

Page 7 of 16

| 47

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

(d)

Revenue recognition When the outcome of a transaction can be estimated reliably, revenue is recognised by reference to the stage of completion of the transaction at the reporting date, provided that all of the following criteria are met:

Revenue from providing related services is recognized when all the following conditions are satised: (i) The amount of revenue can be measured reliably; (ii) It is probable that the economic benets associated with the transaction will ow to the entity; (iii) The cost incurred or to be incurred in respect of the transaction can be measured reliably; and (iv) The stage of completion at the reporting date can be measured reliably.

(e) Reporting currency These nancial statements are stated in Guyana Dollars and foreign currency transactions during the year were translated at the prevailing exchange rate at the time of those transactions. Monetary assets and liabilities denominated in foreign currencies at the date of the statement of nancial position are translated at the prevailing exchange rate at the end of the year and exchange gain/losses were recognised in the statement of comprehensive income.

Comparability requirement Relevant amounts in the nancial statements for the year 2014 were reclassied and the presentation was reconstructed to conform with the presentation of the nancial statements for the year ended December 31, 2015.

Key management personnel Management consists of the president, two vice-presidents, treasurer, secretary and sixteen (16) other council members as stipulated by the Act.

48 |

Page 8 of 16

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

Property, plant & equipment Historical cost At January 1, 2015 Additions At December 31, 2015

Land & building G$ 37,500,000 37,500,000

Accumulated depreciation At January 1, 2015 Charges for the year At December 31, 2015

Ofď€ ce furniture & equipment G$ 4,045,612 387,595 4,433,207

Total G$ 41,545,612 387,595 41,933,207

2,764,703 500,637 3,265,340

Net book value At December 31, 2015

37,500,000

1,167,867

38,667,867

At January 1, 2015

37,500,000

1,280,909

38,780,909

(a) Land and Building was revalued by Mr. David Patterson, Valuation Ofď€ cer in April 2010. The surplus arising on the revaluation was credited to Revaluation Reserve. (b) At 31 December 2015, had the assets been carried at historical cost, the carrying value would have been G$520,344 (2014 - G$633,386).

Cash & cash equivalents This account comprises: Bank Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited Republic Bank (Guyana) Limited New Building Society Guyana Bank for Trade & Industry Ltd Total

Account# 650-216-5 498-581-8 293-030-3 9922 002167558018

Cash on hand Total cash & cash equivalents

GCCI 2015 - 2016 Annual Report

Page 9 of 16

G$ 2015 9,148,008 2,059,205 2,276,532 6,210,925 3,464 19,698,134

G$ 2014 (635,106) 4,049,350 2,266,549 5,748,734 325,136 11,754,663

39,575 19,737,709

57,925 11,812,588

| 49

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

Accounts receivable This account represents funds outstanding in relation to membership subscription, fundraising events organised and workshops administered by the Chamber. G$ G$ Particulars 2015 2014 287,000 225,000 Membership subscription 477,003 Advertisement 92,310 Workshop 983,000 745,000 Fundraising events Total 1,362,310 1,447,003

Deferred expenses According to the Matching Principles concept, expenses must be recorded in the accounting period to which the income that those expenses relates to is earned. Therefore, all expenses relating to income to be realised from advertisement in the Business Guyana Magazine 2016 that were incurred in 2015 were deferred to the year 2016.

Other receivables This account consists of: Name Guyana Power & Light Inc. Clinton Urling MP Insurance Brokers & Consultants Ltd GX Media Killet Fujitsu Total

50 |

Particulars Security deposit Advance for magazine Fire insurance prepaid Website hosting prepaid Treatment services prepaid Stationery cost refundable

Page 10 of 16

G$ 2015 50,000 26,755 12,837 5,175 62,686 157,453

G$ 2014

1,525,000 1,525,000

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

Accounts payable This account consists of: Name Pegasus Hotels Guyana Caribbean Development Bank Total

Particulars Venue expenses Funds unutilised

(a)

G$ 2015 1,170,440 813,660 1,984,100

G$ 2014

(a) During the year 2015, the Chamber received a total of forty four thousand, seven hundred and twenty United States dollars (US$44,720) from the Caribbean Development Bank for the purpose of ď€ nancing two workshops (mould making and servsafe). However, the aggregate cost for the said workshops was forty thousand, six hundred and ď€ fty six United States dollars and ninety four United States cents (US$40,656.94).

Deferred income According to the Revenue Recognition principle, income must only be recorded when it is earned or gained. Therefore, funds received (in the year 2015) for advertisement in the Business Guyana Magazine 2016 and 125th Commemorative magazine were deferred to the year 2016 since the said advertisement did not exist at the end of the year 2015. In addition, this application was made to funds received in 2015 for membership subscription for the year 2016. G$ 2015 885,000 3,471,000 87,000 4,443,000

Particulars 125th Commemorative magazine Business Guyana Magazine Membership subscription Total

GCCI 2015 - 2016 Annual Report

Page 11 of 16

G$ 2014 940,000 559,952 1,499,952

| 51

Georgetown Chamber of Commerce and Industry Notes to the Financial Statements For the year ended December 31, 2015

Other payables This account consists of: Name Texila American University Members Republic Bank (Guyana) Limited Guyana Revenue Authority National Insurance Scheme Guyana Telephone & Telegraph Guyana Power & Light Inc. Guyana Water Incorporated Chontelle Sewett Total

Particulars Rent security deposit Funds refundable (a) Credit card PAYE Contributions Telephone charges Electricity charges Water rates Design

G$ 2015 190,000 54,500 46,523 187,487 91,755 26,664 40,359 9,886 647,174

G$ 2014

5,800 5,800

(a) During the year 2015, payments were received in advance from several members regarding a number of fundraising events. However, these funds are deemed refundable since the said members did not receive the beneď€ ts of those events due their absence.

Contingency fund During the prior years a bank account was established by the Chamber with Republic Bank (Guyana) Limited for the sole purpose of offering relief from disasters. Funds for this account were obtained via donation from the public and subsequently disbursed as the need arose, based on the decision by the Councillors.

Workshops A common practice of the Chamber, as part of its mandate to promote business in Guyana, is administering and organising business related workshops. Some of these workshops are funded by the Chamber whereas others are ď€ nanced by other resident and non-resident organisations. During the year 2015 a total of eight workshops were conducted.

52 |

Page 12 of 16

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry

Notes to the Financial Statements For the year ended December 31, 2015

Membership subscription Attaining membership with the Chamber is a simple process where the decision to accept an entity's request to become a member is made by the Council. Based on a few criteria a new member will be placed in one of ď€ ve categories. Income from membership subscription for the year 2015 are as follows: G$ G$ 2015 2014 Particulars Category A 3,650,000 3,450,000 Category B 3,450,000 2,950,000 Category C 662,500 550,000 Category D 138,000 102,000 Non-resident 156,290 Total 8,056,790 7,052,000

Advertisement Revenue from this category of income is usually from advertisement made by members and non-members in the Annual Report and Business Guyana Magazine . G$ G$ Particulars 2015 2014 Business Guyana Magazine 8,162,542 11,481,876 Annual Report 1,002,000 1,125,000 Total 9,164,542 12,606,876

Workshop income Organisations that desire to conduct workshops in Guyana and request that the Chamber administer charged a fee for this task. G$ G$ Particulars 2015 2014 Mould making workshop 1,055,250 Servsafe training workshop 561,853 Mobilising renewable energy workshop 170,850 Total 1,787,953

GCCI 2015 - 2016 Annual Report

Page 13 of 16

it are

| 53

Georgetown Chamber of Commerce and Industry

54 |

GCCI 2015 - 2016 Annual Report

Georgetown Chamber of Commerce and Industry

Notes to the Financial Statements For the year ended December 31, 2015

Other income This account consists of:

G$ 2015 114,000 217,500 1,349,000 16,000 20,000 204,697 1,921,197

Particulars Rafď€‚e (Awards Gala ceremony) Bar-B-Que event Rent Bad debts recovered Logo pins Certiď€ cate of Origin Pension Donation Bank interest Total

G$ 2014 13,000 50,000 9,000 140,000 356,099 211,184 779,283

Operating expenses Expenses incurred in relation to events and workshops funded by the Chamber were recorded under this expense category: G$ G$ Particulars 2015 2014 Magazine 6,562,955 6,715,805 Research (history) 100,000 575,000 Rent 295,800 406,000 Meals & entertainment 1,698,210 3,031,548 Fundraiser support 82,000 182,000 Advertisement 56,412 1,581,068 Tickets & invitations 128,240 380,656 Awards 184,440 440,220 Decorations 111,717 8,000 Transportation 142,280 263,663 Printing & photocopies 60,830 Recordings (audio & video) 114,592 Bad debts 287,000 Total 9,362,054 14,046,382

GCCI 2015 - 2016 Annual Report

Page 15 of 16

| 55

Georgetown Chamber of Commerce and Industry

Notes to the Financial Statements For the year ended December 31, 2015

Administrative expenses Employment costs Research (intellectual property rights) Legal & professional fee Subscription Website advertisement Website hosting & maintenance Repairs & maintenance - building & compound Repairs & maintenance - ofce furniture & equipment Insurance Local travel Ofce expenses Telephone charges Electricity Internet Water rates Rates & taxes Security Meals & entertainment Interest & penalty Donation Reconciliation discrepancies Depreciation Total

Financial charges Bank charges Withholding tax Total

G$ 2015 8,979,972 333,000 75,000 195,451 202,176 1,382,270 65,480 45,248 199,573 1,383,058 230,087 300,673 102,608 58,479 26,280 163,069 76,301 240 76,287 500,637 14,395,889

35,200 40,939 76,139

G$ 2014 11,012,152 499,500 80,000 59,192 132,725 334,504 117,440 85,258 255,920 1,800,676 231,443 429,150 99,800 32,156 26,280 648,830 51,171 (17,460) 393,670 16,272,407

58,906 42,235 101,141

Taxation The nancial statements were prepared on the basis that the entity was exempted from taxes.

Approval of the Financial Statements The nancial statements were approved by the Board of Executives and authorities for issue on March 10, 2016

56 |

Page 16 of 16

GCCI 2015 - 2016 Annual Report

A big thank you to our sponsors in 2015

GCCI 2015 - 2016 Annual Report

| 57

58 |

GCCI 2015 - 2016 Annual Report

Membership Listing ORDINARY MEMBERS 3MG Princess Street, Wortmanville, Georgetown, Guyana Tel: (592) 231-8660 ABDOOL & ABDOOL INC. 11 Avenue of the Republic, Georgetown, Guyana Tel: (592) 226-9094, (592) 225-3985 Fax: (592) 225-8911 AMAZON CARIBBEAN V1 V2 Houston, East Bank Demerara, Guyana Tel: (592) 226-2828; (592) 226-5238 Fax: (592) 226-9883 ANSA McAL TRADING LIMITED (GUYANA) 60 Beterverwagting, East Coast Demerara, Georgetown, Guyana Tel: (592) 220-0455 Fax: (592) 220-0796 ARUWAI ENTERPRISE INC 13 A Public Road, Huston, East Bank Demerara, Georgetown, Guyana Tel: (592) 223-2097; (592) 227-1987 Fax: (592) 223-2091 ASHMIN'S FUN PARK & RESORT 48 High Street, Werk-en-Rust, East Coast Demerara, Guyana Tel: (592) 223-7301 Fax: (592) 225-6052 ASSURIA GENERAL (GY) INC. 18 Church Street, South Cummingburg, Georgetown, Guyana Tel: (592) 226-7052; (592) 226-7074 Fax: (592) 226-7123 AUSTIN’S BOOK STORE 190 Church Street, Georgetown, Guyana Tel: (592) 226-7350/7 Fax: (592) 227-7396 GCCI 2015 - 2016 Annual Report

B. BHAICHANDEEN LIMITED Church Street, Georgetown, Guyana Tel: (592) 225-6361 Fax: (592) 227-4480 B.E.V PROCESSORS INC. Area ‘K’ Houston, East Bank Demerara, Guyana Tel: (592) 225-2111; (592) 226-5738 Fax: (592) 225-0015 BANK OF NOVA SCOTIA 65 Robb Street, Georgetown, Guyana Tel: (592)225-9222 (226); 223-6096 (268) Fax: (592) 225-9309 BANKS DIH LIMITED Thirst Park, Ruimveldt, Georgetown, Guyana Tel: (592) 225-0910 Fax: (592) 226-6523 BEHARRY AUTOMOTIVE LIMITED 191 Wellington & Charlotte Street, Georgetown, Guyana Tel: (592) 227-2526; (592) 227-1349 Fax: (592) 225-0956 CALIFORNIA STUCCO GUYANA INC. 96 Bonasika & Sheriff Street, Campbellville, Georgetown, Guyana Tel: (592) 225-5254 CAMEX RESTAURANTS INC. Parade Street, FedEx Building, Georgetown, Guyana Tel: (592) 231-8769; (592) 231-2243 Fax: (592) 231-8768 CAR CARE ENTERPRISE 43 Hadfield Street, Stabroek, Georgetown Tel: (592) 225-6888; (592) 226-6162 Fax: (592) 227-6136 | 59

Membership Listing ORDINARY MEMBERS CARANA AGRICULTURE DEVELOPMENT INC 134 Durbana Square, Lamaha Gardens, Georgetown Tel: (592) 223-0632; (592) 223-0634 Fax: (592) 223-0635 CARIBBEAN CHEMICALS (GUYANA) LIMITED 45 Croal Street, Stabroek, Georgetown, Guyana Tel: (592) 225-4178; (592) 225-9639 Fax: (592) 226-8935 CARIBBEAN CONTAINER INC. Public Road Farm, East Bank Demerara, Guyana Tel: (592) 265-4224, (592) 265-4240 Fax: (592) 265-4251 CARIBBEAN INTERNATIONAL DISTRIBUTORS INC. Lot D Rome Street, Mc Doom, East Bank Demerara, Guyana Tel: (592) 233-0867; (592) 233-0911 Fax: (592) 223-0912 CENTRAL ELECTRONICS 67 Robb Street, Lacytown, Georgetown, Guyana Tel: (592) 227-3106, (592) 225-8725 Fax: (592) 225-6620 CHINA TRADING 32 Robb Street, Lacytown, Georgetown, Guyana Tel: (592) 231-5878; (592) 690-3575 Fax: (592) 226-3778 CHRISTIAN FRIENDSHIP INTERNATIONAL 724 Kuru Kururu, Soesdyke, Linden Highway, Guyana Tel: (592) 261-6050 COMPUTRAIN BUSINESS SERVICE SOLUTIONS 87 C Barrack Street, Kingston, Georgetown, Guyana Tel: (592) 226-7712 CORUM DISTRIBUTION 141 Camp & Regent Street, Georgetown, Guyana Tel: (592) 223-4313 Fax: (592) 226-8859 60 |

CREDITINFO (GUYANA) INC. 267 New Market Street, Georgetown, Guyana Tel: (592) 227-7005; (592)227-7009 CURTAINS & DRAPERY DESIGNS 110 Regent Road, Bourda, Georgetown, Guyana Tel: (592)225-2224 D & J SHIPPING SERVICE 61 Fifth Street, Alberttown, Georgetown, Guyana Tel: (592) 223-6056 Fax: (592) 223-8479 DABI'S VARIETY 40 Robb Street, Bourda, Georgetown, Guyana Tel: (592) 231-2002; (592) 226-7723 Fax: (592) 225-6309 DAPPER TECHNOLOGY 140 'B' Quamina Street, South Cummingburg, Georgetown, Guyana Tel: (592) 231-0044 DEMERARA TOBACCO COMPANY LIMITED 90 Carmichael Street, South Cummingsburg, Georgetown, Guyana Tel: (592) 225-1900; (592) 225-1902 Fax: (592) 226-9322 DENMOR GARMENTS MANUFACTURERS INC. 7-9 Coldingen Industrial Estate, East Coast Demerara, Guyana Tel: (592) 270-4513; (592) 270-4516 Fax: (592) 270-4500 DESIGNER'S TREND 105 Regent Road, Bourda, Georgetown Tel: (592) 223-2840; 592-2318474 DESINCO TRADING COMPANY LIMITED 48 John & Sheriff Street, Georgetown, Guyana Tel: (592) 226-7109; (592) 226-180 Fax: (592) 227-6008 GCCI 2015 - 2016 Annual Report

Membership Listing ORDINARY MEMBERS DIDCO TRADING COMPANY LIMITED Ramp Road, Ruimveldt, East Bank Demerara, Guyana Tel: (592) 225-1994; (592)225-2475 Fax: (592) 225-2316

GAME XPRESS 25 North Road, Lacytown, Georgetown Tel: (592) 227-8902 Fax: (592) 231-3627

DIGITAL TECHNOLOGY 20 Public Road Diamond, East Bank Demerara, Guyana Tel: (592) 265-2932/3 Fax: (592) 265-2933

GEB SECURITY SERVICES INC. 8-10 Providence, East Bank Demerara, Guyana Tel: (592)-233-6607; (592) 233-6609 Fax: (592) 233-6608 GEOTECH VISION GUYANA INC 50 Brickdam, Stabroek, Georgetown Tel: (592) 226-4332 GERMAN’S RESTAURANT 8 New Market Street, Georgetown, Guyana Tel: (592) 227-0079; (592) 225-3972

DILIP'S VARIETY STORE 7-9 Avenue of the Republic, Georgetown, Guyana Tel: (592) 225-8123; (592)223-0100 DOERGA BUSINESS ENTERPRISE 120 Parade Street, Kingston, Georgetown, Guyana Tel: (Georgetown) (592) 223-7766; (592) 223-5555; (Berbice) (592) 335-3394 Fax: 335-3738 ESSO EXPLORATION & PRODUCTION GUYANA LIMITED Lot 99 New Market Street, Georgetown, Guyana Tel: (592) 231-4187 EUREKA MEDICAL LABORATORIES INC. 263 Thomas Street, North Cummingsburg, Georgetown, Guyana Tel: (592) 227-5131 Fax: (592) 226-8979 EXCEL MINERALS INC. 138 Light & Sixth Streets, Alberttown, Georgetown Tel: (592) 231-1701 FIRST GLOBAL MONEY (GUYANA) INC. Lot 230 Camp Street, Lacytown, Georgetown, Guyana Tel: (592) 223-7929 GAICO CONSTRUCTION & GENERAL SERVICES INC. 225 New Market Street, North Cummingsburg, Georgetown Tel: (592) 226-5165 GCCI 2015 - 2016 Annual Report

GLOBAL SEAFOOD DISTRIBUTORS 8 West Ruimveldt Industrial Estate, Georgetown, Guyana Tel: (592) 225-4531 GLOBAL TECHNOLOGY INC. 210 Camp & New Market Street, Georgetown, Guyana Tel: (592) 225-4657; (592) 225-3364 Fax: (592) 223-7438 GRACE KENNEDY REMITTANCE SERVICES 19 C Water Street, Georgetown, Guyana Tel: (592) 227-5147; 227-5141 Fax: (592) 227-5137 GRAND COASTAL INN INC 1&2 Area M Plantation Le Ressouvenir, East Coast Demerara, Guyana Tel: (592)220-1091; (592)220-5391 Fax: (592) 220-1498 GREEN TRADE IMPORT INC. 13 North Road & Wellington Street, Lacytown, Georgetown Tel: (592) 223-6006 Fax: (592)227-5137 | 61

Membership Listing ORDINARY MEMBERS GUYANA & TRINIDAD MUTUAL FIRE & LIFE INSURANCE GROUP 27-29 Robb & Hincks Street, Georgetown, Guyana Tel: (592) 225-7912 Fax: (592) 225-9397 GUYANA AMERICAS MERCHANT BANK INC. GBTI Cooperate Office, High & Young Street, Kingston Tel: (592) 223-5193 Fax: (592) 223-5195 GUYANA BANK FOR TRADE & INDUSTRY High & Young Street, Kingston, Georgetown, Guyana Tel: (592) 231-4400/8 Fax: (592) 231-4411

GUYANA POWER & LIGHT 91 Duke Street, Kingston, Georgetown Tel: (592) 225-4618; (592)226-7408 Fax: (592) 227-1978 GUYANA PUBLICATIONS INC. 46-47 Robb Street, Lacytown, Georgetown Tel: (592) 226-2406; (592) 227-8527 Fax: (592) 226-3237 GUYANA TELEPHONE & TELEGRAPH CO. LTD 79 Brickdam, Stabroek, Georgetown Tel: (592) 225-1315 GUYPRIDE CONSTRUCTION & MINING 35 E North Road, Lacytown, Georgetown, Guyana Tel: 592-231-5714

GUYANA GOLDFIELDS INCORPORATED 7 North Road, Lacytown, Georgetown, Guyana Tel: (592) 227-7062 Fax: (592) 225-5824

GX MEDIA 38 Hibiscus Place, Blankenburg, West Bank Demerara Tel: (592) 276-3807

GUYANA LOGISTICS AND SUPPORT SERVICES INC 23 Delhi Street, Prashad Nagar, Georgetown Tel: (592) 219-5019; Fax: (592) 219-5021

HAB INTERNATIONAL Swiss Machinery Building, 1 Public Road, Eccles, East Bank Demerara Tel: (592) 233-2496/8 Fax: (592) 233-2499

GUYANA METAL RECYCLERS’ ASSOCIATION 176 Waterloo Street, South Cummingsburg, Georgetown Tel: (592) 231-5736; (592) 231-5776 GUYANA NATIONAL SHIPPING CORPORATION LIMITED 5-9 Lombard Street, La Penitence, Georgetown Tel: (592) 226-1840; (592) 226-3365 Fax: (592) 225-3815 GUYANA OIL COMPANY LIMITED 191 Camp Street, Georgetown, Guyana Tel: (592) 225-1595/8 Fax: (592) 225-2320 62 |

HAND IN HAND MUTUAL FIRE & LIFE INSURANCE COMPANIES 1-4 Avenue of the Republic, Georgetown, Guyana Tel: (592) 225-1865-7; (592) 227-0668 Fax: (592) 225-7519 HARRIS PAINTS GUYANA LIMITED 10 Water Street, North Cummingsburg, Georgetown, Guyana Tel: (592) 226-5156; (592) 225-5630 Fax: (592) 226-7002 IMPRESSIONS 149 Crown Street, Queenstown, Georgetown Tel: (592) 227-7757 GCCI 2015 - 2016 Annual Report

Membership Listing ORDINARY MEMBERS INNOVATIVE MARKETING & PUBLISHING INC 24 Saffon Street, Charlestown, Georgetown, Guyana Tel: (592) 223-2169 INNOVATIVE SYSTEMS INC. 43 Croal & Alexander Streets, Stabroek, Georgetown Tel: (592) 226-8964 INSPIRE INC 62 Area Q, Turkeyen, Greater Georgetown Tel: (592) 222-2042 INSURANCE BROKERS OF GUYANA LIMITED 125 Carmicheal Street, South Cummingsburg, Georgetown Tel: (592) 226-7261-2 INTEGRATED SECURITY SERVICES 21 Peter Rose Street, Queenstown, Georgetown Tel: (592) 223-4033; (592) 223-4039 INTERNATIONAL RECRUITERS 195 F Camp Street, Georgetown, Guyana Tel: (592) 654-3825; (592) 679-0170 JOHN FERNANDES LIMITED 24 Water Street, Georgetown, Guyana Tel: (592) 225-6294; (592) 226-3241; (592) 227-3344 Fax: (592) 226-1881 JOHN LEWIS STYLES 186 Waterloo Street, North Cummingsburg, Georgetown Tel: (592) 231-7321 Fax: (592) 231-3941 JTW & ASSOCIATES MANAGEMENT INSTITUTE 157 Waterloo Street, North Cummingsburg, Georgetown Tel: (592) 223-5148 KAIZEN ENVIRONMENTAL SERVICES (GUYANA) INC 58 High Street, Kingston, Guyana Tel: (592) 231-0346; (592) 231-0348 GCCI 2015 - 2016 Annual Report

KANHAI’S GUYANA ELECTRICAL AGENCY 146 Regent Street, Lacytown, Georgetown Tel: (592) 227-2200 Fax: (592) 227-8652 KING'S JEWELLERY WORLD 141 Quamina Street, Georgetown, Guyana Tel: (592) 226-0704 Fax: (592) 225-2524 KOJAC MARKETING AGENCY 140 B Quamina Street, South Cummingsburg, Georgetown Tel: (592) 225-5366; (592) 227-5095; (592) 225-2387 Fax: (592) 227-5094 LAPARKAN HOLDINGS (GUYANA) LIMITED 34-37 Water Street, Georgetown, Guyana Tel: (592) 225-6870-9 Fax: (592) 225-6874 LASEDEL CONSULTANCY INTERNATIONAL 254 Thomas Street, South Cummingsburg, Georgetown Tel: 592-225-7154 LEN’S 136 Sheriff & 4th Street, Campbellville, Georgetown Tel: (592) 227-1511; (592) 227-2486 Fax: 592-226-3750 LENRAY'S INVESTMENT ENTERPRISE 53 Robb Street, Lacytown, Georgetown Tel: (592) 227-0886 LYKENS FUNERAL PARLOUR 18 North & John Streets, Werk-en-Rust, Georgetown Tel: (592) 225-9263; (592) 2276815 Fax: (592) 225-9263 | 63

Membership Listing ORDINARY MEMBERS M.P. INSURANCE BROKERS & CONSULTANTS LTD 46 F Brickdam & Boyle Place, Stabroek, Georgetown Tel: (592) 227-7782 Fax: (592) 227-7783 MACHINERY CORPORATION OF GUYANA LTD Providence, East Bank Demerara, Guyana Tel: (592) 265-7315 Fax: (592) 265-4885 MARICS & COMPANY LIMITED 186-187 Charlotte Street, Lacytown, Georgetown, Guyana Tel: (592) 226-1306; (592) 231-9446/9 Fax: (592) 227-2417 MASSY INDUSTRIES 5 Public Road, Ruimveldt, Georgetown, Guyana Tel: (592) 226-7291-2; (592) 226-8491-5 Fax: (592) 225-7676 METRO OFFICE AND COMPUTER SUPPLIES 127 Quamina Street, Georgetown Tel: (592) 223-9870; (592) 223-9879 Fax: (592) 223-9877 MMC SECURITY FORCE INC. 95-99 Commercial Blvd, Happy Acres, East Bank Demerara Tel: (592) 220-5426; (592) 220-5416 Fax: (592) 220-6545

NATIONAL COMMUNICATIONS NETWORK Homestretch Avenue, Georgetown Tel: (592) 223-5162; (592) 225-8745 Fax: (592) 223-5163 NATIONAL HARDWARE (GUYANA) LTD 15 ‘A’ Water Street, Georgetown Tel: (592) 226-6569; (592) 227-1964 Fax: (592) 226-5280 NATIONS UNIVERSITY/ SCHOOL OF THE NATIONS INC 41-42 New Market Street, North Cummingsburg, Georgetown, Guyana Tel: (592) 226-5781 NEW GPC INC A1 Farm, East Bank Demerara Tel: (592)265-4261 Fax: (592) 265-2229 NEW THRIVING CHINESE RESTAURANT 32 Main Street, North Cummingsburg, Georgetown Tel: (592)225-0159 NORTH WEST TRAVEL & TOURS 156 Waterloo Street, North Cummingsburg, Georgetown Tel: (592) 231-6346 NT COMPUTEAC 175 Middle Street, North Cummingsburg, Georgetown Tel: (592) 223-7442 Fax: (592) 223-7443

MODERN INDUSTRIES LIMITED (A.H&L Kissoon) 3-6 Industrial Site, Ruimveldt, Guyana Tel: (592) 223-0958/59; (592) 225-4705 Fax: (592) 227-5265

ORIENTAL GENERAL STORE (GUYANA) LIMITED 15-16 Water & Homes Street, South Cummingsburg, Georgetown Tel: (592) 225-5460

N&S ALGOO LICENSED CUSTOMS BROKERAGE 49 Public Road, Kitty, Georgetown Tel: (592) 225-5495; (592) 231-1746 Fax: (592) 225-5497

PATSAN TRADING 282 Sheriff & John Streets, Campbellville, Georgetown Tel: (592) 225-9832 Fax: (592)227-7624

64 |

GCCI 2015 - 2016 Annual Report

Membership Listing ORDINARY MEMBERS PEGASUS HOTEL GUYANA Old Road, Kingston, Georgetown Telephone: (592)225-8176; (592) 225-2853 Fax: (592) 225-8176 POMEROON OIL MILL INC. Mudlot, Kingston, Georgetown Tel: (592) 223-5273 Fax: (592) 223-5266 POWERTECH LOGISTICS 35 Belmont, Mahaica, East Coast Demerara, Guyana Tel: (592) 228-5187 PREM'S ELECTRICAL STORE 177 Alexander Street, Lacytown, Georgetown Tel: (592) 227-7765 Fax: (592) 225-0394 PROFESSIONAL DEVELOPMENT ENTERPRISE Cane View Avenue, South Ruimveldt Gardens, Georgetown, Guyana Tel: (592) 218-1695 PRUDENTIAL INDUSTRIAL TECHNOLOGY 8 Water & New Market Street, Georgetown Tel: (592) 225-6269 PURAN BROS. DISPOSAL INC. Lot 7 Bella Street, Pouderoyen, West Bank Demerara, Guyana Tel: (592) 264-1239; (592) 264-2489 Fax: (592) 254-0054 PYRAMID NETWORKS 1831 Unity Place, Festival City, North Ruimveldt, Georgetown Tel: (592) 218-2871 PROJECT DEVELOPMENT CONSULTANCY 205 Charlotte Street, Lacytown, Georgetown, Guyana Tel: (592) 223-8283 GCCI 2015 - 2016 Annual Report

RAJ SINGH INSURANCE BROKERS & RISK MANAGEMENT CONSULTANTS INC. 86 First Street, Alberttown, Georgetown Tel: (592) 227-2880; (592) 227-0294 Fax: (592) 227-3096 RAM & MCRAE 157 ‘C’ Waterloo Street, P.O. Box 10148, Georgetown Tel: (592) 226-0322; (592) 226-1301 Fax: (592) 225-4221 RAMADA GEORGETOWN PRINCESS HOTEL Track 'BS' Block 2 Plantation, Providence, East Bank Demerara, Guyana Tel: (592) 265-7009 Fax: (592) 265-7002 RAMBARRAN’S ENTERPRISE 10 Meadow Bank, East Bank Demerara, Guyana Tel: (592) 225-9304; (592) 227-5222; (592) 226-0772 RAMPS LOGISTICS GUYANA INC 23 Brickdam Stabroek, Georgetown Tel: (592)223-3770 RENT-A-TENT 1 Rahamans Park, East Bank Demerara, Guyana Tel: (592) 225-7063 Fax: (592) 225-3763 REPUBLIC BANK GUYANA LIMITED 155-156 New Market Street, Georgetown Telephone: (592) 225-7063 Fax: (592) 225-3763 RORAIMA AIRWAYS LIMITED R8 Eping Avenue, Bel Air Park, Georgetown Tel: (592) 225-9647; (592) 225-9648 Fax: (592) 225-9646 | 65

Membership Listing ORDINARY MEMBERS RRT ENTERPRISES 107 Regent Road, Bourda, Georgetown Tel: (592) 225-1290; (592) 225-2237 Fax: 592-225-1290 RID-O-PES 75 6th street, Alberttown, Georgetown, Guyana Tel: (592) 225-5527 Fax: 231-7123

TACTICAL SOLUTIONS & CONSULTING 74 Alantic Ville, East Coast Demerara, Guyana Tel: (592) 222-5100 TCL GUYANA INCORPORATED GNIC Compound, 2-9 Lombard Street, Georgetown Tel: (592) 225-7520 Fax: (592) 225-7347

SAFEWAY SECURITY 153 Oronoque & Regent Streets, Bourda, Georgetown Telephone: (592) 227-6465; (592) 227-6473 Fax: (592) 227-6249

TEXILA AMERICAN UNIVERSITY (TAU) Lot "A" Goodverwagting", East Bank Demerara Tel: (592) 222-5224; (592) 2225225 Fax: (592) 231-8118

SILVIE'S GENERAL STORE 44 High Street, Werk-En-Rust, Georgetown Tel: (592) 225-4360; (592) 227-6241 Fax: (592) 227-6240

THE BRAINSTREET GROUP 287 C Albert Street, Queenstown, Georgetown Tel: (592) 225-5353 THE CONSULTANCY GROUP 263 Earl's Avenue, Subryanville, Georgetown Tel: (592)225-8771; (592)225-8773

SPR ENTERPRISES 45 Brickdam, Georgetown Tel: (592) 223-5699 Fax: 592-223-5687 STARR COMPUTER INC. 59 Brickdam, Stabroek, Georgetown Tel: (592) 225-4846 Fax: (592) 223-7773 STERLING PRODUCTS LIMITED Providence, East Bank Demerara, Guyana Tel: (592) 265-7403 Fax: (592) 265-4956 SEALAND SURVEYS Sublot E Block A7, Plantation Nouvelle Flaunders, West Coast Demerara Tel: (592) 254-1591 SUERIA MANUFACTURING INC 70 Industrial Site, Eccles, East Bank Demerara Tel: (592) 223-2473; 592-225-2069 66 |

THE GIFT CENTRE 46 Hadfield Street & Boyle Place, Stabroek, Georgetown Tel: (592)225-2609; (592) 227-7217 Fax: (592)225-0360 THE HARDWARE DEPOT 182 Charlotte Street, Georgetown Tel: (592) 226-4165 Fax: (59) 226-4050 THE NEW GUYANA SCHOOL Lot NGS Houston Gardens, East Bank Demerara, Guyana Tel: (592) 225-2135 TONY’S VARIETY STORE Middle Road, La Penitence, Georgetown Tel: (592) 227-3300 GCCI 2015 - 2016 Annual Report

Membership Listing ORDINARY MEMBERS TONY'S AUTO SPARES 72 LIGHT STREET, Alberttown, Georgetown Tel: (592) 231-4032; (592) 227-8574 Fax: (592) 225-1426 TOUCAN INDUSTRIES INC. 10 Water Street, Kingston, Georgetown Tel: (592) 225-4607; (592) 225-3906 TRADE-LINC Maraj Building, 3rd Floor, Room G-8, Georgetown Tel: (592) 266-5656 TRANS PACIFIC MOTOR SPARES & AUTO SALE INC. Lot 58 Good Hope, East Coast Demerara, Guyana Tel: (592) 220-9293; (592) 220-9184 Fax: (592) 220-9796 TSD REGIONAL MANAGEMENT SERVICES LIMITED 77 Brickdam, Stabroek, Georgetown Tel: (592) 226-3226-8; (592) 225-7578; (592) 2263226-8 Fax: (592) 225-7578 U MOBILE (CELLULAR) INC. 9 Fort & Barrack Streets, Kingston, Georgetown Tel: (592) 690-0000 UMAMI INCORPORATED 342 Cummings Street, South Cummingsburg, Georgetown Telephone: (592) 220-9117 UNICOMER GUYANA INC. 25-26 Main Street, Georgetown Tel: (592) 225-5886 Fax: (592) 227-8751

VIDEOMEGA PRODUCTION Ltd 176 Middle Street, South Cummingsburg, Georgetown Telephone: (592) 226-9555; (592) 225-1594 VSH-UNITED (GUYANA) INCORPORATED 103 Carmicheal Street, North Cummingsburg, Georgetown Tel: (592) 223-8444 WEBSOURCE GUYANA INC. 212 Camp Street, North Cummingsburg, Georgetown Telephone: (592)231-1338; (592)223-3216 ZE SCRIBE PLUS 3 Avenue of the Republic, Georgetown Telephone: (592) 227-8304; (592)226-2324

NON-RESIDENT MEMBERS FUJITSU CARIBBEAN (TRINIDAD) LIMITED 6th Avenue South Extension & Ibis Avenue, Barataria, Trinidad & Tobago Tel: (868) 223-2826 Fax: (868) 675-1956 PRICEWATERCOOPERS LIMITED 11-13 Victoria Avenue, Port of Spain, Trinidad & Tobago Tel: (868) 299-07000 Fax: (868) 623-6025

UNITED INVESTMENT TRADING 141 Camp & Regent Street, Georgetown Tel: (592) 226-8858 Fax: (592) 226-8859 GCCI 2015 - 2016 Annual Report

| 67

68 |

GCCI 2015 - 2016 Annual Report