Coconut industry a ‘big deal’ in NAREI’s 2017 programme

Ageing coconut groves and a sharp reduction of investment in cultivation had caught the industry off guard in the wake of the increased regional demand for coconut and its by-products.

A First Quarter review seen by this newspaper earlier this week from NAREI said that it had completed construction of coconut nurseries at Wakenaam, Mon Repos and Pomeroon. The Review says that the industry is also seeking to cope with what it says is “strong competition among local agro-processors.”

NAREI says that nuts are now continually being grown for planting material while Guyana has imported “elite coconut planting materials from Brazil and Mexico.” The Institute also anticipates that an additional 5,000 acres of coconut plantations will be established within the next five years.

Last year the Government of Guyana launched what it described as a National Coconut Development Roadmap at a time when a survey revealed that there were almost 1500 coconut farmers in Guyana. At the launch, NAREI Chief Executive Officer Oudho Homenauth had said that private coconut farmers also had a role to play in helping to access quality planting material for the sector. Homenauth had also alluded to the need for upgrading processing technology, providing training and lending technical support to small scale entrepreneurs for the manufacture of value-added products.


Brazil Trade and Investment visit shifted to mid-February

A scheduled visit here by a Brazilian trade and investment delegation originally due to take place this month as a follow-up to one to Brazil by a team of Guyanese state officials last May has been postponed until mid-February, Stabroek Business has been informed.

Delay in getting Cubans home regrettable but bigger picture encouraging – Gouveia

Roraima Airways Chief Executive Officer Captain Gerry Gouveia says that the “legitimate concern” over the recent delay in returning home experienced by a number of Cubans on account of mechanical defects to the Air Aruba aircraft should not be allowed to overshadow the significance of the service to promoting “friendships and business ties” between Cuba and Guyana.   

IDB supporting initiative for Secured Transaction Regime in Guyana

Work towards the creation of a Secured Transaction Regime in Guyana is being accelerated through a collaborative arrangement between the Government of Guyana and the Inter-American Development Bank.

Lewis raps Trotman over letter praising relationship between Russian bauxite managers, workers

A letter written to the Managing Director of the majority Russian-owned    Bauxite Company of Guyana Inc.

Nearly $270m in loans facilitated by Small Business Bureau last year, 51% of target

Information released by the Small Business Bureau (SBB) last week indicates that during last year the agency facilitated a total of fifty loans to clients   valued at $269.7 million and up to November 30, 49 of those loans valued at $221.8 million were disbursed.

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