Guyana mourns the lives lost in MV Barima tragedy
This cover of the Guyana Chronicle Quarterly Magazine is a tribute to the precious lives lost in the MV Barima tragedy
2a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
3a
‘We are building an ecosystem that guarantees success’
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
— President Ali says, outlines organisational structure of Guyana’s upcoming development bank —says structural support mechanisms built to incentivise growth
Outlining the operational structure, President Ali noted that the bank will operate through a bottom up, field driven structure anchored by a board and chief executive officer at the top, and regional credit officers on the ground who will work directly with applicants
ESTABLISHED with structured support mechanisms to incentivise growth, the soon to be launched Guyana Development Bank is geared towards building prosperity, enhancing income, empowering people, creating new businesses, and supporting small and medium sized enterprises (SMEs). This is according to President Dr. Irfaan Ali, who outlined the oganisational structure of the financial institution. From on the ground to credit officers to sector specialist, persons seeking loans will have guidance in building long term income. “The Development Bank is about creating strategies at the individual and small business level that allows Guyanese to win, prosper, and succeed,” the President said adding: “The strategy has to be one [that is] sustainable and resilient, one that allows you to build an enterprise that would not last two weeks a
year or two years, but an enterprise that would last a very long time, one that will continue to grow, one that will expand itself, and the development bank offers that seed, that important seed that would allow your ideas, your strategy, your plans to germinate.” Already legislation for the bank’s operationalisation has been tabled in the National Assembly, under the bill, the Guyana Development Bank will provide SMEs and aspiring entrepreneurs with access to micro-credit loans of up to $3 million at a zero per cent interest rate. The President noted that for the Peoples Progressive Party/Civic administration the bank’s establishment is more than a manifesto promise being delivered but is a key pillar in an ecosystem being built to ensure that all Guyanese can access financial security. “The Development Bank is not you know, making a quick spin
or quick turnover or a quick transaction. That is not the strategy of the development bank,” he cautioned adding: “It is well thought out, that is why it has support mechanism and also a mechanism built in in the organizational structure to allow you to grow to incentivize the growth and development of your business from where you will start.” He noted that while the government is doing its part in making such opportunities accessible, budding entrepreneurs must also put in the work. “It will require you to put in the time, work hard. There is no easy way out. Nothing comes with a layback approach; success comes with hard work.” He noted that building a successful business strategy will require sacrifice, commitment and immense patience. “You can’t expect take a loan today, although it’s interest free TURN TO PAGE 5a
4a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Guyana makes history with longest-distance telesurgery
AS Guyana marked its 60th Independence Anniversary in May, the country also marked a historic breakthrough in healthcare, having successfully facilitated the longest-distance telesurgery procedure using advanced robotic technology. P r e s i d e n t D r I rfaan Ali made the announcement on Tuesday during a press conference, stating that the achievement signalled the country’s intention to become a regional leader in modern healthcare and medical training. “At 6:00am, the
team performed a coronary artery bypass graft,” the President announced. He explained that the surgery was remotely conducted by internationally renowned cardiac surgeon, Dr Sudhir Srivastava, who operated remotely from Guyana on a patient located in India using the SSI Mantra 3 robotic surgical system. According to the President, the procedure covered an estimated distance of approximately 20,000 kilometres, making it “the longest-distance telesurgery ever completed in the world.” He noted that the ac-
President Dr Irfaan Ali (second from left) flanked by Prime Minister of Barbados, Mia Mottley (first from left), along with Minister of Health, Dr Frank Anthony (second from right) and Surgeon Dr Hemraj Ramcharran (first from right) as he made the landmark announcement Tuesday evening (NCN photo)
complishment was not simply about making history, but about creating a healthcare system that would benefit Guyana and the wider Caribbean. “When we embarked on this journey of robotic surgery, we invested not only in the technology, but also in the training,” President Ali said. President Ali explained that Guyanese medical teams were sent to India for specialised instruction and that Guyana would now establish an international training hub for robotic surgery in collaboration with the SSI Mantra ecosystem. He said that the initiative would allow Guyana to serve as the hub for robotic surgery and care within the Caribbean, while
extending training opportunities to regional healthcare professionals. Against this backdrop, Dr Ali said the country had acquired some of the most advanced robotic surgical technology available globally, describing the investment as a major leap forward for Guyana’s healthcare sector. Adding to this, Head of Medical Services and Cardiology at the Georgetown Public Hospital Corporation, Dr Mahendra Carpen, described the development as a transformational moment for cardiac care in Guyana and the wider region. He stated that cardiovascular disease remains the leading cause of death worldwide and throughout the Caribbean, with
We are building...
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
FROM PAGE 3a
and collateral free, and the next day you will double it. You have to be patient about your investment,” he said making direct appeal to potential beneficiaries. “Small businesses require dedicated time, not delegated time, dedicated time by the small business owner themselves. You can’t believe you’ve arrived because you’re now developing a business and believe you can delegate the responsi‑ bilities of running that business. You have to at inception, dedicate your time, your energy, your patience, [and] your value system have to reflect a positive mindset for success,” the President stressed. ORGANISATIONAL STRUCTURE Further outlining the institution’s structure, he noted that there will be a seamless approach to bridging ideas with longevity, resilience, and sustainability. “We are building an ecosystem that would almost guarantee suc‑ cess, an ecosystem that is there to hold your
hands, to support you, to guide you, to anchor your investment, to ad‑ vise you on further en‑ hancement and devel‑ opment to integrate you when the times comes with the commercial bank,” he explained. With a focus on continuous support, he noted that persons will have support from credits officers who will be fanned out across the country “These credit offi‑ cers will be in the field, working with you, helping you in the de‑ velopment of your ID, checking on projects, supporting the frame‑ work of what you’re trying to achieve, so the credit officer job is to facilitate the applica‑ tion process,” he noted. Further support will be provided by sector specialists, facilitators and clusters to support consortiums. “Let us say we go to an area, and you have 10 persons interested in pig farming, then you bring them together in a cluster. The cluster is then supported by fa‑ cilitator. It’s supported through mentorship,”
he added. Simply put the bank will operate through a bottom‑up, field‑driven structure anchored by a board and chief execu‑ tive officer at the top, and regional credit offi‑ cers on the ground who work directly with ap‑
plicants to shape ideas, process interest‑free, collateral‑free loans and monitor projects. These officers are supported by regional facilitators who orga‑ nise clusters of similar businesses, deliver fi‑ nancial literacy and ba‑
sic management train‑ ing, and link borrowers to wider government support. He explained that as business grow, sec‑ tor specialists and technical officers’ step in to right‑size investments, provide
5a
technical advice and prepare projects for expansion with com‑ mercial banks, en‑ suring a continuous pipeline of support from start‑up through to larger‑scale oper‑ ations, even after the initial loan is repaid.
6a
Guyana makes history...
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
FROM PAGE 4a
many patients requiring bypass surgery for severe blockages. Conventionally, he said, bypass surgery involves opening the chest through the sternum, resulting in longer recovery periods,
increased pain and extended hospital stays. “This morning, we introduced a cardiac surgery approach using telerobotic surgery where, instead of opening the chest straight down the middle, fine tubes were inserted be-
tween the rib spaces,” Dr Carpen said. He said that robotic-assisted procedures significantly reduce trauma to the body, shorten hospital stays and improve recovery outcomes for patients. With this, he noted
that patients undergoing traditional bypass surgery may spend at least seven days in hospital, while robotic procedures could reduce recovery periods to between three and five days. “So, we’re saving
cost, we’re saving time, but most importantly for patients, the discomfort is much less,” he said. Robotic systems, he noted, allow surgeons to operate with enhanced precision and endurance. “The robots don’t get tired,” he said. As such, he went on to add that the technology enables sustained exposure of delicate tissues during lengthy procedures while allowing surgeons to continue working efficiently. Such surgeries, it was noted, can cost between US$35,000 and US$45,000 regionally, with prices increasing substantially further north. Meanwhile, Minister of Health Dr Frank Anthony, too, noted that the achievement marks a new era of medicine in Guyana. Dr Anthony said the successful completion of a robotic heart surgery on a beating heart over such a long distance demonstrated the strength and precision of the technology now available in Guyana. “Because of this
operation, that patient is alive and well, and that’s the power of what has happened here today,” he said. This technology, Dr Anthony said, could eventually allow specialists based in Georgetown to operate on patients located at regional hospitals across the country, improving access to specialised surgical care. He noted that robotic systems provide exceptional precision, allowing surgeons to clearly visualise even the smallest anatomical structures in high definition and three-dimensional imaging. Against this backdrop, he noted that Guyana will be establishing a formal training and accreditation system in partnership with the Ministry of Health, the University of Guyana and the Post Graduate Medical Institute. According to Dr A n t h o n y, G u y a n a would become the only country in the region capable of offering fellowship-style robotic surgery training using the advanced systems that are now here.
Guyana readying itself for tourism boom
7a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
– country continues to attract confidence, capital, talent, opportunity, President Ali says as Four Points by Sheraton opens
PRESIDENT Dr Irfaan Ali has noted that Guyana is positioning itself for a major surge in tourism, underscoring the country’s expanding capacity to host international visitors and events. The Head of State referenced this during his remarks at the opening of the Four Points by Sheraton Hotel at Houston Yards, Georgetown, back in April.
The President said the opening is emblematic of a wider transformation taking place across the country. This, he noted, is driven by both public and private investments, and further reflective of growing global confidence in Guyana’s economy. “This hotel is more than an impressive structure. It is a statement. It says Guy-
ana is moving, that Guyana is growing. It is evidence that Guyana is attracting confidence, capital, talent
and opportunity,” he said. Against this backdrop, President Ali pointed to a surge in conferences,
sporting events and business travel as an indication of Guyana’s emergence as a premier destination, not-
ing that the country is now capable of hosting events that were not possible just TURN TO PAGE 8a
8a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Guyana readying itself... FROM PAGE 7a
a few years ago. “This year alone, we’ll have about 11 major conferences and about six major sporting events that we could not have hosted two years ago. But we are now positioning Guyana to be a premier hosting destination, because we now have greater capacity and
capability,” he said. The President added that the hospitality sector is central to this push, as it not only creates jobs but stimulates a wide network of industries including agriculture, transport, construction and entertainment. Additionally, he said that with new infrastruc-
tural projects, developments in energy and industrial expansion, the full impact of Guyana’s economic transformation is yet to be realised. Against this backdrop, the Head of State declared that the tourism industry is poised for significant growth. “Let me tell you, Guy-
ana is readying itself for a boom in tourism. We are blessed with extraordinary natural beauty… vibrant culture and one of the most unique eco-tourism offerings in the world,” he said. The Head of State added that the hotel has opened at the right time, in the right place and in the right country, highlighting
that as recently as Wednesday, two international conferences took place in the country. “Guyana is now being identified as a prime destination for conference tourism. More and more persons are coming to our country to visit and to do business, and all of this stimulates business in the tourism and hospitality sector,” Ali said. Minister of Tourism, Industry and Commerce, Susan Rodrigues, also described the opening as a milestone in Guyana’s development, emphasising the rapid growth and increasing global recognition of the country’s tourism sector. She noted that the presence of an internationally recognised brand such as Four Points by Sheraton signals the maturity of Guyana’s market and its readiness to meet international standards. MATURING MARKET “Its presence here in Guyana is both timely and strategic. It clearly signals that our market is maturing, our standards are rising, and that Guyana is ready to meet and sustain the expectations of international travellers,” the minister said. According to her, Guyana recorded its highest number of visitor arrivals in 2025, surpassing 450,000 visitors, with strong growth continuing into 2026. The minister further highlighted the growing demand for quality accommodation, noting that hotels in Georgetown often reach full capacity during peak periods, underscoring the importance of new developments such as the Four Points by Sheraton. Meanwhile, owner of the hotel, Maurico Van Dam, told the gathering that the project began on what was once undeveloped land with no infrastructure.
The facility features a hotel, expansive common areas, a flexible event hall capable of hosting both small meetings and large gatherings, and a retail centre designed to integrate the property with the surrounding community. Van Dam also highlighted the hotel’s focus on sustainability, noting that the building incorporates solar-powered systems, energy-efficient materials, water-saving technologies and an integrated design that reduces environmental impact. “The air conditioning… is powered in large part by solar energy… we installed water-efficient fixtures… built our own water treatment plant… and used low-consumption lighting throughout,” he said. The hotel owner related that the project is the first EDGE Advanced-certified development in Guyana, placing it among a select group of environmentally sustainable buildings in the region. Van Dam went on to add that the hotel’s design integrates Guyanese culture, with decor, colours and artwork inspired by the country’s rivers, forests and Indigenous heritage. “We wanted this hotel to feel unmistakably Guyanese the moment you go through the doors,” Van Dam said. He further noted that this is a long-term commitment to Guyana, stating that confidence in the country has only strengthened over time “We’re not here for a moment. We’re here to stay… we believe in where Guyana is going,” he said. The Four Points by Sheraton at Houston adds to Guyana’s growing portfolio of internationally branded hotels and becomes the fourth Marriott-branded hotel to open in Guyana.
9a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
54 women receive $300,000 business grants through Guyana, Canada, IDB partnership - starter kits distributed to digital skills graduates under WIIN programme - Canada-backed $120M loan to support continued reforms, social protection, women’s empowerment
AS the government of Guyana continues its powerful push to turn opportunity into ownership, 54 women have received $300,000 business grants, marking another step in a national effort to transform lives through entrepreneurship and inclusion. The grants, distributed through a partnership between the Government of Guyana, Canada, and the Inter-American Development Bank (IDB), target women from vulnerable backgrounds, including survivors of violence and trafficking, equipping them to launch or expand small businesses with the aim of achieving financial independence. The initiative forms part of a wider framework aimed at strengthening social protection systems while empowering women as active contributors to economic growth. Complementing this effort, 20 additional women who successfully completed training in graphic design and social media marketing under the Women’s Innovation and Investment Network (WIIN) programme were awarded starter kits, including laptops, tablets, ring lights, and gimbals to support their entry into the digital economy. These interventions are backed by a 120 million Canadian dollar sovereign loan, which aims to support policy reforms, institutional strengthening, and expanded access to opportunities for vulnerable groups. At the core of these initiatives, Minister of Human Services and Social Security, Dr Vindhya Persaud said that both projects reflect the broader vision of inclusive and sustainable development by the government. Highlighting the importance of partnerships in this collaborative push, she stated that the collab-
Minister Persaud, IDB Country Representative, Lorena Solorzano Salazar (third from right); Political Counsellor of the High Commission of Canada, Daniel Bood (far right); and Bonita Mulchand, a recipient of the business starter grant (far left) orative venture between the ministry, the Canadian High Commission and the IDB, seeks to create life-changing empowerment for women, particularly the most vulnerable, including survivors of human trafficking and domestic violence. “At this point, we celebrate authentic partnership, partnership that exists between the government of Guyana and the government of Canada, and partnership that exists among the Inter-American Development Bank, Canada and Guyana, to execute and implement a project that is transforming lives,” she said, adding, “It has been a long-standing journey that would have seen much work happen behind the scenes, work to ensure that what we would have set for ourselves as goals would have led to this point where 54 women will benefit in continuation of what was started last year from business grants towards their own goals, their own businesses, and
their own entrepreneurship ventures.” Sharing insight into the women who have benefitted from the project, Minister Persaud explained that the women are from across Guyana. The grants will be used to either start new ventures or develop existing businesses for the fifty-four women who benefitted. However, Minister Vindhya noted that the support does not stop at the grants. As she explained, the ministry will continue to support those awarded, through technical help and advice, and will work to ensure the success of their businesses. “The grant will be used as business startups, as well as for the growth of micro to small enterprises. And it is not something that will cease at this point. We will follow these women through tracer studies because we believe in accountability, and the monitoring and evaluation unit of the ministry through the PU will be in charge of
ensuring that everything moves in accordance to our plan,” she said. Speaking on the 20 women who received business starter kits, Minister Persaud shared that the women, who were trained in the areas of graphic design and social media marketing, were the top percentile of a class of 120. Under the Women’s Innovation and Investment Network (WIIN) programme, the women were awarded starter kits, including laptops for the graduands of graphic design, while tablets, ring lights, and gimbals were given to women of social media marketing. Speaking directly to the women, Minister Persaud highlighted the opportunities. “You have completed diverse programmes with us, programmes in graphic design, social media marketing, programmes that could lead you into the care economy, which is a huge project by this ministry
where we are placing women in a good position to start their own home-based and community-based centres. She added, “Today, we are going to present the business kits to 20 of you from 120 women across the country, but it is done with an expectation that you will utilise whatever you are presented with today and not walk to your destination or to your goal and dream but run.” CONTINUED EFFORTS, COLLABORATION Meanwhile, Political Counsellor of the High Commission of Canada, Daniel Bood, highlighted the importance of the venture, which he says is just the beginning of continued efforts and collaboration, sharing that this marks the beginning of a larger partnership. “This initiative is part of a larger partnership between Canada, the Inter-American Development Bank, and the government of Guyana to
strengthen social protection and promote gender equality. Now, Guyana is a country of abundant resources and remarkable progress,” he said, further sharing that while Guyana has seen rapid economic growth, socio-economic disparities and gender inequality gaps still remain. “That is why Canada has partnered with Guyana through a $120 million Canadian dollar sovereign loan, complemented by technical assistance to strengthen the Ministry of Human Services and Social Security’s capacity to deliver social programmes. This loan is not just about financing, it’s about reform,” he said. The loan s upports some 13 policy reforms finalised in 2023, ranging from strengthening pensions and public assistance programmes to improving digital delivery of services, and expanding support for victims of gender-based violence and human trafficking. The collaboration will also foster technical assistance, with focus on building institutional capacity, improving information systems, and expanding access to training and employment opportunities for vulnerable groups. Reflecting on the broader significance of these initiatives, IDB Country Representative, Lorena Solorzano Salazar, emphasised that supporting women is an investment in the community and the nation’s future. “When you invest in a woman, you invest in the community,” she said. As the government and its partners continue this work, the focus remains on building an ecosystem that empowers women beyond grants and training, ensuring that they can grow their enterprises, access new markets, and inspire future generations.
10a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
CAM Motors officially launched in Guyana
History was made back in June as CAM Motors was officially launched in Guyana, introducing the globally acclaimed Jetour and Foton brands to the local market. Born from a powerful partnership between ATL Automotive — the Caribbean’s largest automotive dealer group — alongside the Continental Group of Companies and MMKJ Inc., this venture unites regional expertise, 65 years of trusted local investment and cutting-edge technology leadership under one roof. With Jetour leading the charge in the SUV category and Foton built for a fast-growing economy’s commercial and utility needs, CAM Motors is delivering not just world-class vehicles, but the gold standard in customer experience and after-sales support. In attendance was President, Dr Irfaan Ali; Prime Minister Brigadier (Ret’d) Mark Phillips and other government and private- sector officials at the Railway Courtyard, Lamaha Street. (Latchman Singh photo & Sudhir Deokie Photography)
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
11a
12a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
GBTI eyes digital expansion, customer growth after strong financial year — company reports G$4.5B profit, signals deeper focus on innovation, SME development THE Guyana Bank for Trade and Industry Limited (GBTI) has outlined an ambitious path forward
centred on digital innovation, customer-focused services, and data-driven decision-making, as it po-
sitions itself to support Guyana’s rapidly expanding economy. At its 39th Annual General Meeting (AGM), the bank signalled that future growth will be driven by deeper investment in technology, enhanced digital banking solutions, and continued support for businesses and individuals navigating an evolving financial landscape. The strategy reflects GBTI’s intent to strengthen financial inclusion while improving efficiency and accessibility across its services. These forward-looking plans come on the heels of a strong financial performance in 2025. In his first address, according to a press release from the bank, Chairman Suresh Beharry reported that the bank recorded a Profit After Tax of G$4.5 billion, representing an 8.2 per cent increase over the previous year. This growth was supported by disciplined loan portfolio expansion, strong deposit growth, and sustained operational efficiency. The bank’s balance sheet also showed notable expansion, with total assets reaching G$313 billion. Customer deposits rose sharply to G$268.6 billion, reflecting a 28.5 per cent increase, while the loan portfolio grew by 17.9 per cent. Asset quality remained stable, with a non-performing loan ratio of 4.12 per cent, and the bank maintained a robust Capital Adequacy Ratio of 16.42 per cent, well above regulatory requirements. Shareholders benefitted directly from this performance, with GBTI declaring a dividend of G$41 per share, an increase from G$32 in the previous year, reinforcing the bank’s commitment to delivering value. A key contributor to the
bank’s impact on the wider economy was its SME lending platform, GBTI GROW, which disbursed G$394 million in loans to small and medium-sized enterprises. The initiative continues to support job creation and economic diversification, aligning with national development priorities. Operational advancements also featured prominently during the year, particularly in digital transformation. The bank expanded its GO Banking services, introduced real-time card payment capabilities, and rolled out Digital Account Opening and Retail Loan Onboarding, allowing customers to access services online. Additional developments included the expansion of the credit card portfolio, the launch of a Mastercard Debit Card, and the upgrade of the Mon Repos branch to offer a full suite of banking services. The AGM also marked a significant leadership transition, with Beharry assuming the role of Chairman following the tenure of Robin Stoby, S.C., who stepped down after two decades of service. Stoby’s contribution to the bank’s growth was acknowledged, and his continued presence on the Board is expected to provide strategic continuity. Shareholders also re-elected Directors Suresh Beharry, Kathryn Eytle-McLean, and Richard Issava. With a strong financial foundation and a clear strategic direction, GBTI said it is now focused on leveraging innovation and expanding its reach as it adapts to the demands of a rapidly transforming economic environment.
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
13a
GMR&SC targets Formula 1 exhibition after GT Challenge success
GUYANA could stage its first-ever Formula 1 exhibition within the next year, with organisers confirming plans are being developed to bring an F1 car and driver to the South Dakota Circuit. The proposal builds on the success of the Guyana Grand Prix, which recently hosted the third round of the GT Challenge de las Américas and attracted competitors from across the Caribbean, Europe, North America, and Latin America. Silvia Bermúdez, part of the GT Challenge de las Américas organising team, said the response to the event has strengthened confidence that an F1 demonstration can become a reality. “We are very happy to be here and all of the teams are happy to be here,” Bermúdez explained to local media. “We have committed to being here for five years and every year we want to improve the experience for the fans.” She said discussions with the Government of Guyana and the Guyana Motor Racing & Sports Club (GMR&SC) are centred on expanding the range of motorsport events hosted at the venue. “The plan is to bring more content to the South Dakota Circuit, not only GT3 racing,” she said. “One of the ideas is to organise a Formula 1 exhibition in Guyana. We are working on that with drivers from around the world, and what has happened with this event will
An F1 car and driver could be in Guyana for an exhibition in 2027
be very important in helping make that possible.” “It would be an exhibition, but having a Formula 1 car in Guyana would be something very special.” GMR&SC president Mohamad Shairaz Roshandin said improvements to the circuit remain a priority before introducing new categories of motorsport. “There is still fencing and other infrastructure [sic] work that needs to be completed to fully secure the facility,” Roshandin said. “Once those upgrades are finished, we can continue developing different types of racing.” He added that the proposed Formula 1 appearance would be designed as a full entertainment event, rather than simply an exhibition run. “It won’t just be one car driving around the track,” he said. “It will be a com-
plete show, giving Guyanese the opportunity to experience Formula 1 in their own country.” A Formula 1 demonstration has previously been held in the Caribbean. In 2016, seven-time world champion Lewis Hamilton visited Barbados for the Barbados Festival of Speed, where he drove a 2013 Mercedes Formula 1 car at Bushy Park Circuit, performed burnouts and took part in exhibition races. Organisers in Guyana hope to create a similarly memorable event if the plans are finalised. Roshandin also praised the supp o r t re c e i v e d f o r this year’s Guyana Grand Prix, saying the backing of the government, private sector and fans had helped deliver a successful international meeting and laid the foundation for bigger events in the future.
14a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Operating Small Businesses
15a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
OPERATING a small business is challenging but rewarding. To establish themselves and their businesses, entrepreneurs must follow all the required steps. Notably, however, many business owners struggle to secure sufficient funds, which can stymie their businesses’ growth. Also, as a business grows, certain aspects become more complex; for instance, a business that used to require only a few employees may now need a dozen or so. Business owners must be aware of these changes and alter their business plan accordingly. By surrounding themselves with a strong team and following all relevant rules and regulations, entrepreneurs will be on the right track to running a successful business. Success is never guaranteed, but by arming themselves with the proper tools, business owners can increase their chances of achieving success. Indeed, to launch a lucrative small business, entrepreneurs must learn to manage their finances, oversee their employees, record all financial transactions and acquire and sell inventory. Being an entrepreneur is by no means easy, but if you put in the necessary work, you can create a solid business plan that, in turn, will increase your chances of running a profitable business. 1. Registering the business Starting a small business requires the owner to comply with certain legal requirements. Within the first few weeks or months after the business is started, some legal requirements may not be mandatory, as the business owner is experimenting. However, as the owners continue to run the business, they are expected to manage it professionally. When the business is incorporated, the owners will be identified by their names on the business’s registration form. In some small businesses, there may be one owner or several owners. Each owner must provide their full name and address when registering the business. In some small businesses, one person may be the primary operator. For other small businesses, each owner may provide equal support to the business while utilising their different skills in finance, resources, and knowledge. With large businesses, there may be executive or non-executive directors who manage the business. Once directors change, such information must be submitted to the relevant authorities so that external records will be properly updated. When a person or group wants to open a business, they are expected to provide a name for it. A business name pro-
vides a unique identification for the business. Sometimes, through the business name, people know what the business will be doing. Let’s use “Geary Reid Pharmacy” as an example. Given the name mentioned, it is clear that the business was registered under an individual’s name. For another example, let’s use “PJA Hardware Store.” The name of this business is represented by three letters: “PJA.” Those letters stand for Patricia, John, and Ariel. Those three individuals are the owners of the business or represent the names of the owner’s children or family members. The name also indicates the type of business; in this case, it is a hardware business. Therefore, it may be easy to identify certain types of businesses by looking at their names. There are other businesses whose names are not adequate to identify their type. For the direction and success of the business, a business plan is needed. The business plan can be drafted by the owners or by a professional. The business plan provides brief information about the business’s future direction and operations. Some aspects of the business plan will be adjusted as the business continues. However, it is important to have a starting point for owners and employees to work with. Business owners seeking financing to start their business may need to present a business plan to a financial institution for consideration and approval. The business plan will be evaluated by representatives from the financial institution. Once it provides evidence that the business will be viable, then part or all of the finances will be provided. Sometimes, the business plan is created to attract investors, especially when the business needs additional financing or wants to expand. The business plan will provide many of the business strategies and objectives. Some businesses may have separate documents specifying financial and strategic objectives, if those objectives are not included in the business plan. 2. Regular and effective communication There must be vertical and horizontal communication within the business. Managers will give instructions to their subordinates, and they must receive instructions from the business owners. Suppliers will communicate with business managers and other representatives. Employees will have to communicate with customers. Communication never ceases in a business, even if the owners do not want to communicate. Some businesses continue
to operate even when their owners are dormant. Employees may sometimes mention that they rarely see the owners. In some businesses, some employees never see the owners, but the businesses continue. When business owners put most systems in place, they do not have to be there to provide detailed instructions to all employees every day. Most owners will be delighted if their business can operate effectively without them having to say much. Those owners will occasionally receive reports on
the business’s performance, which they can use to evaluate the business. What is communication, and why is it necessary? An individual may decide not to communicate and lock themselves in a room, staying there without any communication devices for the day. At the end of the day, they can achieve their target by not communicating. However, for businesses, it is a different story. Even if businesses close for the weekend, communication still occurs. People may
send emails to employees on weekends. The security guards may have to report any situation at the business. The mechanics may service the vehicles on weekends when they are not in operation. Utility companies will issue bills even on weekends. Maintenance personnel may be repairing the building during the weekend. Communication will al-
low information and data to pass from one person to another. The business owners will not be communicating every hour, but the information received from managers and other employees may keep them thinking for hours. A simple instruction from business owners often keeps employees occupied for a long time.
16a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Building Expo 2026 attracts more than 50,000 visitors –Housing Ministry distributes over 2,100 certificates of title, allocates 1,000 house lots, issues more than $17M in steel-cement subsidy vouchers
THE Ministry of Housing has said that this year’s International Building Expo exceeded expectations, attracting more than 50,000 visitors while delivering a range of housing services through its “Dream Realised”
initiative at the National Stadium, Providence, East Bank Demerara (EBD). Providing a summary of the June 25-28 expo, Minister of Housing, Collin Croal, declared the expo a success, stating, “We’ve had at least over 50,000 persons passing through,” while crediting the achievement to the collective efforts of government agencies, private sector partners, volunteers, exhibitors and ministry staff. Croal had said one of the ministry’s major accomplishments during the expo was making available “over 2,100 certificated titles,” noting that “at least over 50% of those were uplifted” by beneficiaries. The certificates of title were prepared for residents of Plantation Vriesland, Laurentia-Catherina, Plantation Leonora West, Good Hope and Plantation Lusignan. Persons who were unable to uplift their documents during the event have been encouraged to do so at the ministry’s central office or the relevant regional office. The minister also highlighted the ministry’s continued land
allocation programme, revealing that “we’ve allocated just over 1,000 lots on the East Coast of Demerara.” He added that as additional lands become available, “we certainly will go back into our system and pull the pending applicants.” Additionally, Minister Croal stated, “over 700 persons… turned up to sign for their Agreement of Sale” for properties in Blocks A and B of Vive La Force and De Kinderen on the West Coast of Demerara. Those who did not complete the process during the expo have been advised to visit the Region Three housing office to finalise the required documentation. The Dream Realised initiative also saw the distribution of more than 70 steel and cement subsidy vouchers to qualified beneficiaries in Region Three. According to the minTURN TO PAGE 19a
‘60 years is evidence of endurance’
17a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
PRESIDENT, Dr Irfaan Ali has called on Guyanese to embrace gratitude, spiritual maturity and national unity as the country marks its 60th anniversary of independence, declaring that “60 years is evidence of endurance” and that “a thankful nation is a strong nation.” Speaking during a special thanksgiving service at the Better Hope Assembly of God Church on the eve of Guyana’s 60TH Independence anniversary , President Ali framed the nation’s upcoming Diamond Jubilee as a moment not only for celebration, but [also] for sober reflection on God’s sustaining hand over Guyana through “trials and triumphs.” “As Guyana celebrates 60 years of independence, it is only fitting that we pause to give thanks and praise for this long journey as a nation. Sixty years is evidence of endurance. It is proof that through trials and triumphs God has sustained this land and his people,” he said. Dr Ali noted that thanksgiving is central to the country’s spiritual and civic health, insisting that gratitude must shape both personal conduct and national policy. “A thankful people are a hopeful people. A thankful nation is a strong nation,” he told the congregation. Contrasting gratitude with envy, he warned that many fail to recognise their blessings because they compare themselves to others.
REMEMBERING SACRIFICE The President linked national thanksgiving to historical memory, urging citizens to honour the sacrifices of enslaved Africans, indentured labourers, and earlier generations whose struggles laid the foundation for modern Guyana. “Those who came and were tortured and beaten as slaves, those who came as indentured labourers, the foundation and sacrifice that they laid is that gift of gratitude that we inherit today,” he said, calling on Guyanese to give praise and thanksgiving in their memory. He stressed that the most meaningful way to honour parents and grandparents is through humility, conduct, and service. Drawing on his own family history, the President recalled how his grandmother laboured in the rice fields so that her daughter could become a teacher and later a senior education official, and how that sacrifice cleared the way for his own journey. “I stand on the shoulders of my parents, my grandparents, my grandmother who planted rice with her hands and ploughed the fields with her bare feet… On their sacrifice, my parents’ sacrifice, God has granted me this opportunity in this country,” he noted. Reviewing six decades of independence, Dr Ali reminded worshippers that
Guyana’s path had been marked by hardship, political division, and economic strain. “Our nation’s journey has not always been easy. There were moments of hardship, political division and strife, economic difficulties, and social uncertainty… There were times when our democracy itself was tested,” he said. However, he maintained that God’s presence carried the nation through. ECONOMIC GROWTH With Guyana now attracting unprecedented global attention and eco-
nomic opportunities, Dr Ali cautioned that development, if detached from spiritual grounding and humility, could become destructive. “As our country grows, and as the eyes of the world turn toward Guyana, we must never forget the source of our blessing,” he said. Development, he insisted, is not enough on its own, Positioning true independence as more than political status, the President said it must be matched by spiritual maturity and social responsibility.
“Independence is not merely political freedom. True independence also requires spiritual maturity, national unity, and social responsibility,” he said, adding: “We must therefore strive to build a Guyana where justice prevails, where unity triumphs over division, and where love for country rises above selfishness and greed.” Turning to the country’s long-term outlook, Dr Ali said Guyana’s security and prosperity will not ultimately rest on its natural resources, but on keeping
God at the centre of national life. “Our future will not be secured merely by resources beneath the sea, or wealth within the economy. Our future will be secured when we continue to place God at the centre of national life, family life and personal life,” he said adding: “If we honour God,” he added, “if we walk in righteousness, if we care for the vulnerable, if we pursue justice, and if we remain united as one people, then no obstacle will be able to defeat this nation.”
18a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Expanded Aubrey Barker Road serving as trusted artery to connect communities
THE $6 billion Aubrey Barker four-lane thoroughfare was commissioned back in April and hailed as part of the government’s broader road transport masterplan designed to improve connectivity, reduce travel time and stimulate commerce, among other benefits. The new roadway, which stretches approximately 4.4 kilometres, links Georgetown to the Ogle-Eccles Highway and was completed in phases following the beginning of construction in November 2022. Delivering the feature address at the commissioning ceremony, President Dr Irfaan Ali said that the new road forms part of a national upgrade of the road transport system and is part of his government’s broader road transport masterplan. This plan, he noted, is designed to improve connectivity, better integrate communities, reduce travel time, unlock new lands, stimulate commerce, and modernise the country’s transport infrastructure. Dr Ali said, “Roads do more than carry vehicles, roads carry workers, roads carry goods, roads carry opportunity, roads carry growth, and where roads go, development follows right after.” The Head of State emphasised that the government is not building roads just to show that development is taking place, but is doing so because it is what drives development. President Ali told the gathering that the commissioning of the road marks the continuation of laying the foundation for the building out of the new Guyana. He noted that for many years, the Aubrey Barker Road has served as a trusted artery to and from the communities of South Ruimveldt, Festival City, Lamaha Springs and Stevedore Housing Scheme. However, it was noted that over time, cities grow, economies expand, and populations increase and as such, more persons
use the roadways. Dr Ali indicated that as a nation moves forward, its roads must move forward. “That is why today, this historic roadway has been transformed into a modern, four-lane thoroughfare built for the Guyana of today and prepared for the Guyana
sised that it is not random development, it is connected and deliberate, as he stressed that when roads improve, the economy improves, opportunities expand, and when roads connect, people prosper. Minister of Public Works, Juan Edghill,
ty of Guyana don’t have to go all the way out and then come around, or go all the way to Sheriff Street and then come back. They could make their way through South now, B field and E field, which is under construction by the PPP/C,” he said.
and in such a short time under the People’s Progressive Party/Civic Government.” Additionally, Minister within the Ministry of Public Works, Madanlall Ramraj, indicated that this critical link will also significantly reduce traffic pressure on nearby
this will give families back time that can be spent at home with loved ones instead of sitting in traffic. “It will mean children arrive at school less stressed and more ready to learn. It will mean emergency services can respond more efficiently.
The new roadway, which stretches approximately 4.4 kilometres, links Georgetown to the Ogle-Eccles Highway and was completed in phases following the beginning of construction in November 2022. of tomorrow. This road now links South Georgetown more efficiently to the rest of the city. It connects communities directly to the Heroes Highway. It creates faster access to businesses and developments along that corridor. It strengthens movement towards the Eccles to Ogle four-lane highway and onward to the east coast,” the President added. Dr Ali further empha-
while addressing the ceremony, stated, too, that this new expanded road stands as a crucial link providing better connectivity of various communities. Using one example, he noted that students attending the University of Guyana can now come through the Aubrey Barker Road, on through Lamaha Springs and further into Sophia to Turkeyen. “So, the people who are going to the Universi-
President Ali went on to add that what used to be the back of South Georgetown is now becoming the front. Minister Edghill added, “Where development is taking place, and where we are working with communities to inspire, expand infrastructure and modernise Guyana, save the pictures of what used to be, so you’ll be able to show your children of how Guyana has changed,
routes and cut travel time. “Every day, between 4,000 and 5,000 vehicles traverse this corridor. Behind those numbers are real people, parents trying to get to work on time, children on their way to school, small business owners moving goods, families trying to get home safely and without delay,” he said. With the official opening of the new road linkage, Ramraj added that
It will mean businesses can operate with greater reliability and lower costs,” he noted. The full length of the four-lane thoroughfare contains sidewalks approximately stretching some 5.4 kilometres, includes bicycle lanes, road and traffic markings and paved road shoulders. The project was divided into four lots, each of which was executed by different contractors.
19a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
Building Expo 2026... FROM PAGE 16a
ister, over $17 million worth of vouchers was distributed under the programme to assist persons constructing their homes. Croal also pointed to the continued growth of the International Building Expo, noting that there were over 350 exhibitors. The event featured six model homes: two constructed by the Central Housing and Planning Authority (CHPA) and four by private developers, along with a Small Business Tent, food court, children’s play area and heavy equipment zone. He further acknowledged the contribution of the Small Business Bureau and the exhibitors who participated in the Small Business Tent, which offered entrepreneurs an opportunity to market their products and services free of charge. This year ’s expo also marked the return of the Building Expo seminars after a hiatus. Over two days, more than 15 presentations were delivered on topics including sustainable urban planning and development, climate resilience in construction, emerging technologies, smart housing solutions, banking services, and the government’s ongoing collaboration with the United Kingd o m - b a s e d K i n g ’s Foundation. Reflecting on the staging of the event, Croal first acknowledged Minister within the Ministry of Housing, Vanessa Benn, for her contribution to the successful execution of the expo. He also recognised the Guyana Police
Force, Guyana Fire Service, Ministry of Health, Ministry of Public Works, Guyana Power and Light, state and private media houses, more than 50 volunteers, staff of the Ministry of Housing and the CHPA, exhibitors and corporate sponsors for their roles in making the event a success. SMOOTH EXECUTION He also recognised the support of several private companies for providing materials, services and sponsorship that contributed to the smooth execution of the expo. Croal also highlighted the role of the expo in connecting the public with government services and private sector opportunities under one roof. He said the event allowed prospective homeowners, contractors, suppliers and investors to engage directly with housing officials, developers and financial institutions, while providing a platform for businesses to showcase the latest products and innovations in the construction industry. Croal further commended Andrew Tyndall, Director of National Events at the Ministry of Culture, Youth and Sport for co-ordinating the cultural programme and acknowledged the local performers and artists who entertained patrons throughout the event. Describing the overall outcome as a success, the minister said that apart from “one hiccup, one incident,” the event was conducted without any major disruptions.
The minister noted that the annual expo has grown into one of the country’s premier housing and construction exhibitions, bringing together stake-
holders from across the sector to promote investment, innovation and collaboration. He said the participation of hundreds of exhibitors demonstrated the
confidence that both local and international businesses continue to have in Guyana’s rapidly expanding housing market. “We want to thank
everyone who played their part in making International Building Expo 2026 a success,” Minister Croal concluded.
20a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
21a
22a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026
23a
24a
GUYANA CHRONICLE Quarterly Magazine, Sunday, July 26, 2026