Black Immigrant Daily News

…says companies investing in Guyana can be assured of support, protection

Guyana’s economy is scaling new heights with its oil boom, and President Dr Irfaan Ali pushed the country as an attractive investment destination during the China International Import Expo 2022.

The fifth expo, which runs until November 10 in Shanghai, provides a vast platform for a whopping 145 countries to showcase what they can offer. Investors and major brands are also on board to promote their services, while simultaneously seeking new partners.

Ranked by the International Monetary Fund (IMF) as one of the five fastest-growing economies in the world, Ali highlighted during his virtual address that many factors make Guyana an ideal investment partner to the world. At the same time, they can be assured of support and protection.

“Guyana is a particularly attractive investment destination for several factors, including its rapid economic growth, resource wealth, multi-sector opportunities, its accessibility to regional and global markets, and favourable fiscal incentive regime for investors.

Companies investing in Guyana can be assured of support and protection,” he pointed out.Moreover, the Head of State exalted the fact that oil and gas are becoming major players in the country’s rapid growth and allowing for development in other sectors.

“Our economy is expected to grow by 47 per cent this year. Guyana is now an oil-producing state, with an estimated 11 billion barrels of recoverable petroleum reserve; one of the highest per capita in the world. It is rich in gold, diamonds, timber, bauxite, fisheries, rice, and sugar. It is also diversifying and modernising its agricultural sector.”

President Ali addressing China Int’l Import Expo on Friday

Despite being an oil-producing State, he boasted of the country’s low carbon trajectory through effective management of the oil resources. At the same time, traditional sectors are being developed, with a tangible injection of funds in agriculture, health, and education. Low-carbon sectors, such and tourism, Information and Communications Technology (ICT), and aquaculture are also being elevated.

“Guyana’s Low Carbon Development Strategy promotes economic sustainability, diversification of the economy, investment in climate mitigation and adaptation, utilising carbon credits, enhancing biodiversity and transitioning into a clean energy future. Our objective is to reduce the high cost of energy by 50 per cent by 2025, thereby overcoming what has been one of the major impediments in development – high energy costs,” the Guyanese leader told the esteemed gathering.

As many as 284 companies that are on the Fortune 500 list or industry leaders will be present at the business exhibition, and hundreds of new products, technologies, and services will be exhibited at the six major exhibition areas, including consumer and agricultural products, cutting-edge medical devices, state-of-the-art technologies and facilities, and the automotive and service industries.

Speaking on China’s contribution to the world, President Ali expressed that Guyana remains deeply appreciative of the systems and collaboration offered throughout the years. He lauded the country’s emergence as a “global economic giant” and was hopeful for increased partnerships in the future.

“The country has emerged as a global economic giant; its economy is characterised by strong and sustained economic growth. These accomplishments have resulted in improvements to people’s living standards. China, in turn, has expanded its relations with the external world. It has intensified trade, investment, and developmental systems with other parts of the developing world, including my own country Guyana.”

He added. “There is an increase in human resource training and scholarships, medical cooperation, food security and agriculture; and technological and infrastructural transformation. I’m confident that this fifth China International Import Exposition will provide an unparallel opportunity for the promotion of business opportunities, increasing trade, and promoting greater economic collaboration between Guyana and China; and Guyana and the rest of the world.”

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Cattle farmers from Belladrum, a village located in Region Five (Mahaica – Berbice) are thelatest group of cattle farmers to benefit from the Ministry of Agriculture’s improved geneticmaterial programme.

During a simple exercise held at the Paradise Community Centre ground, Agriculture Minister Zulfikar Mustapha handed over a breeding bull to the farmers’ group, noting that the government was keen on making the necessary resources available to farmers as part of the government’s efforts to develop both the beef and dairy industry.

Two weeks ago, His Excellency President Dr. Irfaan Ali hosted a community meeting withresidents from Belladrum and other surrounding villages to listen to issues faced in the area.

While engaging the Head of State, cattle farmers from Belladrum indicated that they had taken note of the government’s efforts to boost the cattle industry. They said that they were desirous of expanding their herds but needed the necessary genetic material to do so.

In responding to their request, President Ali told the farmers that an animal would be made available to assist with developing their herds.

The breeding bull that was handed over to the farmers

Minister Mustapha while presenting the animal to the farmers said that the government has a proven track record of delivering on commitments made to the citizens of the country.

“We are here to deliver on a promise made by the President to the farmers of this area. Every farmer from the area must have access to the animal. A system has to be set up to that every farmer can benefit. When you met with the President you requested a breeding bull and we are here, just two weeks after President Ali made that commitment to deliver it. When the President and the government make commitments, we ensure we deliver,” he noted.

He also told farmers about some of the plans and programmes that are currently ongoing to develop the sector in the region.

“Region Five is slated for major development in the agriculture sector. Almost 90% of thepeople in Region Five depend on Agriculture. The government has expended large amounts of money on the MMA Scheme and other parts of the region. This year alone, we’ll complete four farm-to-market roads in the region so that farmers can have better access to their farmlands.”

“New pastures are being developed. The GLDA is currently working with IICA on a pasturedevelopment programme where grass seeds were brought in from Brazil to assist withimproving existing and developing new pastures. The GLDA also secured 64 breeding bulls from Miami to develop our breeding programme. We are also doing artificial insemination in both cattle and small ruminants around the country. The ministry is also engaging Brazil to develop a programme to conduct embryo transfer. So, you can see clearly that the government is working to develop the sector,” Minister Mustapha said.

The minister further disclosed that Cabinet recently approved a project valued at approximately $700 million that will see the construction of a state-of-the-art abattoir at Onverwagt.

Additionally, Minister Mustapha told the farmers that the ministry will also assist them withtheir land preparation and drainage and irrigation needs, noting that when farmers areempowered to produce, both the country and the economy benefit.

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On Thursday, 3rd November, the St. Lucia Olympic Committee (SLOC) Inc. announced assistance totaling EC$89,105.26 to three members, bringing its total assistance for the year thus far to EC$597,547.72.

Mario Reyes, President of the St. Lucia Golf Association, received a cheque for EC$5,000.00 from SLOC Inc. President, Alfred Emmanuel, to be used to assist the Grow Well Inc. programme, which helps disadvantaged youths build character through sports. Emmanuel said he was pleased that the Grow Well programme continues to offer opportunities for youngsters regardless of their socio-economic backgrounds.

“I have always welcomed programmes like these because there is the misconception that you have to be of a particular complexion and you’re supposed to be living in a particular locale in this country if you are to play golf,” Emmanuel said. “No one can be happier than me when I see who the participants are in this Grow Well programme.”

Emmanuel added: “It brings joy to my heart and I have no doubt that those kids are not intimidated by complexion or where they come from. And, not too long from now, most of them will be household names. I wish them every success in that programme and hope the (golf) association will see the need to extend such a programme throughout the length and breadth of the country. If they can achieve that, let me give them the assurance that the SLOC Inc., under my leadership, will be ever ready to assist because these are the things that I like to see.”

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Another association that was earmarked to receive a cheque at Thursday’s handover ceremony but no representative showed up was the St. Lucia Aquatics Federation (SLAF). An amount of EC$24,429.00 will go towards assisting the association’s in hosting the 30th OECS Swimming Championships to be held from 11th-13th November in Saint Lucia.

According to Emmanuel, this amount brings the total amount disbursed by SLOC Inc. to the sport of swimming this year to EC$58,885.06.

The SLOC Inc. has also paid airfares totaling $55,261.30 to assist the St. Lucia Rugby Football Union’s team of 12 athletes and 3 officials participation in a qualifying tournament in Mexico. To date, he said, the SLRFU has received a total of EC$83,261.30 from SLOC Inc. this year.

The SLOC Inc. is also assisting national swimmer Jayhan Odlum-Smith’s participation in the Fina World Cup in the U.S. to the tune of US$1,625.00.

SOURCE: St. Lucia Olympic Committee Inc. Headline photo: SLOC Inc. President, Alfred Emmanuel, left, hands over the cheque for EC$5,000.00 to Mario Reyes, President of the St. Lucia Golf Association, on Thursday morning.

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door Marinio Balsemhof PARAMARIBO — Biswajeet Kali meent dat er een grote behoefte is aan opleidingen voor voetbalcoaches. Bij de

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Remembrance Day Ceremonies will take place on Sunday, November 13; followed by a public holiday on Monday, November 14 in observance of veterans who lost their lives in the line of duty.

The Grand Cayman ceremony will be held at the Cenotaph outside Elmslie Memorial United Church in George Town – which will also be streamed live on CIGTV channels.

The Cayman Brac ceremony will take place in front of the War Memorial Cenotaph in Stake Bay.

Ceremonies are open to the public, and will start precisely at 10.45 a.m. Attendees and participants are asked to be assembled and seated by 10.30am.

The public is being asked to be mindful that road closures around the events will occur to ensure safe passage of the parade.

Individuals or religious organisations who wish to pay their respects by laying wreaths at the Cenotaph or the War Memorial, please email protocol@gov.ky by Monday, November 7.

Everyone attending the ceremony is encouraged to wear a poppy.

Donations for poppies are encouraged but discretionary. Donations are used to assist veterans or their widows to ensure that they receive the help they need to live with comfort, dignity and appreciation.

Poppies can be collected from the Government Administration Building on Grand Cayman and the District Administration Building on Cayman Brac.

(Source: Cayman Islands Government)

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