CDB, Caribbean Export ink financing agreement for women-owned businesses

-workshop will discuss strategies for engaging banks

Sourcing funds for business ventures could become easier for women-owned businesses in the Caribbean following the signing late last month of an agreement between the  European Union-funded regional business support organization, Caribbean Export Development Agency (Carib-bean Export) and the Caribbean Development Bank (CDB) to collaboratively pursue a new initiative titled Women Empowered through Export (WE-Xport) designed to support capacity-building for women-owned businesses to facilitate their access to finance, a release from Caribbean Export says.

The disclosure comes against the backdrop of a persistent region-wide lobby for enhanced access to finance for women-owned businesses, particularly small businesses and the Caribbean Export release says that the new initiative will be launched this month.

A key component of the initiative tagged ‘Access to Finance” will include a two-day workshop which, the Agency says, aims to increase participants’ understanding of the requirements of financial institutions and how best to meet them. Ongoing technical assistance through regional business support organizations will also be available to participating companies through the CDB-funded component, the release says. The Bank’s contribution to the initiative will also include “ongoing technical assistance” to beneficiary businesses through regional business support organizations…..


Financial performance tops 2016 but company wary of trade war threats, looming molasses supply shortfall

Prospects for the immediate-term fortunes of local rum manufacturers Demerara Distillers Ltd, in the light of what the company sees as a backing away from global free trade is likely to be one of the critical areas of interest, going forward, company Chairman Komal Samaroo says in the recently released 2017 annual report.

Head of UG’s School of Business not sanguine about ‘up front’ cash from oil and gas industry

“While the front-loading of contracts and the securing of large contracts might be politically popular it might prove to be economically disastrous, University of Guyana Business Professor Leyland Lucas has said in an article that seeks, in part, to respond to the popular argument touting the virtue of so-called front-loading, that is, the drawing down of significant cash amounts of as yet unearned income from the oil and gas industry.

US Commercial Affairs Officer tells local manufacturers to get their act together

Against the backdrop of protracted public and private sector prevarication over the taking of steps to cater for the United States’ Food Safety Modernization Act (FSMA), a US diplomat here has dropped a broad hint that unless local companies whose ambitions extend to securing traction in the US market get their houses in order, they are likely to find themselves out in the cold.

The Oil Contract Debate

By Leyland M. Lucas In the late 1990s, Guyana signed an Oil and Gas exploration agreement with Exxon’s subsidiary, EEPGL.

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Essequibo farmer shrugs off rice blues with aggressive excursion into vegetables

Hanoman Ramsaroop is a farmer ‘to the bone.’ On Fridays he makes his way to the Anna Regina Market to sell the vegetables cultivated on his farm situated off the Capoey access road.


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