Business

While Guyana has long exported high-quality gold, the government is advancing plans to transform the nation into a world-class gold and jewellery manufacturing hub. Authorities plan to address high import duties, security risks, and constraints in financial services and logistics to help Guyana gain greater global recognition for its craftsmanship by 2030. Speaking on the […]

The Guyana Development Bank is expected to become operational within the coming weeks, with the government currently putting its board, organisational structure and staffing arrangements in place, President Irfaan Ali announced on Tuesday. During a press conference at the Office of the President, the head of state also disclosed that the government is working out

Young Guyanese entrepreneurs looking for lucrative business opportunities should pay close attention to the country’s agriculture sector, says Chairman of the Private Sector Commission (PSC), Captain Gerald Gouveia Jnr.  During his recent appearance on the Starting Point podcast, Gouveia said the agriculture sector is undoubtedly one of the country’s strongest avenues for wealth creation. “If

Guyanese entrepreneurs are being encouraged to find the right business partners and pool their individual $3 million loans from the Guyana Development Bank to pursue larger ventures. Chairman of the Private Sector Commission (PSC), Captain Gerald Gouveia Jnr., says partnerships could give entrepreneurs access to a larger pool of financing while combining the skills, resources

As the Guyana Development Bank (GDB) prepares to become operational, Guyanese entrepreneurs can start sharpening their skills in business planning through several private sector organisations, and in some cases, free of charge. This was revealed by Chairman of the Private Sector Commission (PSC), Captain Gerald Gouveia Jr. during the August 9 episode of the Starting

The Guyana Development Bank is intended to be the financing champion of start-ups, students and single mothers, not the country’s large conglomerates. This point was underscored by Chairman of the Private Sector Commission (PSC), Captain Gerald Gouveia Jnr. during his appearance on the August 9 episode of the Starting Point podcast. Gouveia said the heart

Entrepreneurs with business projects requiring more than G$3 million will still be able to seek support through the Guyana Development Bank, as the institution is working with commercial banks to provide access to additional financing. Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, said persons with strong and bankable business ideas should not

While the government respects the right of citizens to spend their money as they choose, concerns over the growing social impact of gambling have become increasingly difficult to ignore. Religious organisations, civil society groups and families have repeatedly raised alarm about the toll it is taking on individuals and households. In response, the government introduced

The Guyana Development Bank will primarily focus on investment in agriculture, tourism and manufacturing as it seeks to support entrepreneurship and expand opportunities across key sectors of the economy, according to Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally. Speaking during an interview, Ally said the bank’s financing and support services will target

With the Guyana Development Bank Bill now passed in the National Assembly, the government has begun preparations to establish the institution, including setting up regional offices and recruiting qualified personnel to support entrepreneurs nationwide. Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, said the bank will have a presence in every administrative region