Guyana/Cuba bilateral relations on the move

FlyJamaica/Air Guyana Representative resident in Havana Lindbergh Smith (left) and Guyana’s Ambassador to Cuba Halim Majeed (right) receiving the approval from a Manager of the Cuban Civil Aviation Authority on Monday, July 24, 2017

Following on the heels of the conclusion of a major rice export contract with Cuba (see report in this issue of Stabroek Business) this newspaper has learnt of several other bilateral business agreements between Guyana and Cuba are currently in various stages of completion.

Earlier this week, Stabroek Business learnt that Havana’s Instituto de Aeronautica Civil de Cuba had given formal approval for FlyJamaica/Air Guyana Airline to operate a non-scheduled passenger commercial and transport service between Guyana and Cuba.

FlyJamaica/Air Guyana Representative resident in Havana Lindbergh Smith (left) and Guyana’s Ambassador to Cuba Halim Majeed (right) receiving the approval from a Manager of the Cuban Civil Aviation Authority on Monday, July 24, 2017

The document outlining the details of the approval was handed over to the airline’s representative Lindbergh Smith on Monday, July 24 in Havana in the presence of Guyana’s high Commissioner to Cuba Halim Majeed.

The conclusion of the agreement paves the way for a history-making first ever direct flight between Guyana and Cuba. The airline is owned by Guyanese pilot and aviation sector investor Captain Ronald Reece. An official launching ceremony will be held in Havana shortly.

In a brief comment following the conclusion of the agreement Ambassador Majeed said that the conclusion of the agreement “accords with the continued aggressive promotion of our economic diplomacy effort.”

This newspaper understands that FlyJamaica/Air Guyana will be providing flights between Cuba and Guyana five times weekly. In Cuba, it will operate two flights from Havana, one from the Varadero Resort, one from Santiago de Cuba and one from Camaguey. Cuba has 11 international airports.

Stabroek Business will also be following up on visits to Cuba of representatives from local business entities that included Bulkan Timber Works, Gafson’s Industries, Modern Industries, W&T George and Company.

In June, Majeed received a Revised Draft Memorandum of Understanding preceding the conclusion of a Trade Agreement between the Guyana and Cuba while work is currently being done on a new agreement in the health sector between the two countries the replace an agreement that expired in 2015.


Wardens to be deployed against gold smugglers next year – Finance Minister

The efforts of the Ministry of Natural Resources attended by external support notwithstanding, the Government of Guyana still considers the phenomenon of gold smuggling to be seriously injurious to the country’s economy and in his recent 2018 budget presentation to the National Assembly, Finance Minister Winston Jordan set out the APNU+AFC administration’s proposals for helping to address this problem.

Company to oversee Guyana’s commercial petroleum interests to be created next year

aNatural Resources Minister Raphael Trotman has disclosed three key objectives which the Government of Guyana will be pursuing in 2018 to consolidate its capacity to effectively service a modern oil and gas industry including a national oil company which will be charged with responsibility for overseeing the country’s commercial interest in the sector.

Hinterland communities promised $200m Green Enterprise Development Centre

Against the backdrop of longstanding concerns over a dire shortage of job opportunities in hinterland communities, government has disclosed plans in the 2018 budgetary proposals for a $200 million investment in the Hinterland Green Enterprise Development Centre at Bina Hill in Region Nine which, according to Finance Minister Winston Jordan, seeks to focus on areas of training “that leverages indigenous and traditional knowledge and drives upstream demand for local products and services.” The disclosure in Jordan’s 2018 budget presentation of what he describes as a “flagship initiative” comes against the backdrop of a growing clamour for the creation of job opportunities for residents of hinterland communities that go beyond their reliance on the production and sale of traditional craft and small scale agriculture.

A hinterland community readies itself for township status

These days, there are unmistakable indications that Mahdia is busying itself preparing to embrace the township status that beckons.

Lucas sees 2018 as breakout year for UG’s School of Business

Five months after the University of Guyana’s School of Entrepreneurship and Business, (SEBI) was launched, Dean of the new institution, Guyanese-born Professor Leyland Lucas has told the Stabroek Business that some of the challenges that repose in ensuring that the institution delivers on its mandate repose in the fact that “it is different.

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