Government Launches Skills Training for 500 Women

The Ministry of Human Services and Social Security has introduced a new skills training program targeting 500 women across Guyana. Facilitated by the Women's Innovation and Investment Network (WIIN) in partnership with the City and Guilds Training program, the initiative offers courses in carpentry, masonry, welding, plumbing, and electrical work—fields traditionally dominated by men. Participants will also receive business literacy training through the ministry's business incubator, equipping them with the tools to start and manage their own ventures. Aimed at women aged 17 and older, the program seeks to promote financial independence and reduce gender gaps in various industries. Registration is open until October 16, 2024.

Completion of New Demerara River Bridge Delayed to March 2025

Minister of Public Works Juan Edghill announced that the completion date for the new Demerara River Bridge has been extended to March 31, 2025. Originally slated for December 2024, the project is now approximately 70% complete. Delays are attributed to challenges such as shipping and logistics. The bridge is considered a transformative infrastructure project that will significantly benefit transportation and commerce by improving connectivity for hundreds of thousands of Guyanese. Enhanced safety features are incorporated into the design to withstand impacts from large vessels and seismic activity. The government is also advancing procurement for connecting roads to optimize traffic flow on both sides of the river.

Business Opportunities Based On Today’s Developments

1. LIAT 2020 Expands Flights to 11 New Caribbean Destinations

Opportunity for Small Enterprises:

• Tourism Services: Start or expand tour operations offering unique experiences to incoming travelers.

• Hospitality Ventures: Open guesthouses, bed-and-breakfasts, or boutique hotels to accommodate increased visitors.

Opportunity for Medium Enterprises:

• Hotel and Restaurant Expansion: Invest in upgrading facilities to meet higher tourist demand.

• Travel Agencies: Create comprehensive travel packages that include flights, accommodations, and activities.

Opportunity for Large Enterprises:

• Infrastructure Development: Invest in large-scale tourism projects like resorts, entertainment complexes, and conference centers.

• Logistics and Cargo Services: Partner with LIAT for cargo transport, enhancing import/export capabilities.

Notes:

• Regional Trade: Improved connectivity facilitates business travel and trade, opening new markets.

• First-Mover Advantage: Early investment can secure market share ahead of competitors in a growing tourism sector.

2. Guyana Moves Toward Fully Automated Airports by Year-End

Opportunity for Small Enterprises:

• Tech Support Services: Offer IT support and maintenance for new airport systems.

• Cybersecurity Solutions: Provide services to protect sensitive data and systems at airports.

Opportunity for Medium Enterprises:

• Software Development: Develop applications for airport operations, passenger services, or security protocols.

• Training and Consultancy: Offer training programs to educate airport staff on new technologies and automated systems.

Opportunity for Large Enterprises:

• Technology Provision: Supply biometric systems, automation technologies, and AI solutions for airport modernization.

• Infrastructure Partnerships: Engage in public-private partnerships to invest in airport upgrades and expansions.

Notes:

• Global Standards Compliance: Ensure that solutions meet international aviation and security requirements.

• Long-Term Contracts: Opportunities exist for ongoing service agreements and system upgrades.

3. Government Launches Skills Training Program for 500 Women

Opportunity for Small Enterprises:

• Recruit Skilled Workers: Hire newly trained women, expanding your workforce with diverse and skilled employees.

• Mentorship Programs: Establish apprenticeships or mentorships, fostering talent and building a positive company image.

Opportunity for Medium Enterprises:

• Diversity Initiatives: Implement programs to actively recruit and retain women in trades, enhancing corporate culture.

• Collaborative Training: Partner with WIIN to customize training that aligns with specific industry needs.

Opportunity for Large Enterprises:

• Corporate Social Responsibility (CSR): Sponsor training initiatives or provide resources, strengthening community relations.

• Strategic Workforce Development: Create pipelines for future recruitment to ensure a steady flow of skilled labor.

Notes:

• Market Growth Potential: An increase in skilled labor can boost sectors like construction and manufacturing.

• Alignment with ESG Goals: Supporting gender diversity aligns with environmental, social, and governance (ESG) objectives, appealing to investors.

Final Thoughts

By capitalizing on these developments, businesses can tap into emerging markets, modernize operations, and contribute to social progress. Strategic engagement in tourism expansion, technological advancement, and workforce development offers pathways for growth and long-term success.

Side Hustle Ideas Based On Today’s Developments

1. Tourism Experience Host

Opportunity:

With LIAT 2020 expanding flights to Guyana starting in September 2024, there will be an influx of tourists seeking authentic local experiences. As a resident, you can leverage your knowledge of the area to offer personalized tours or experiences during your off-hours.

Ideas:

• Cultural Tours: Offer guided tours of historical sites, local markets, or cultural landmarks.

• Adventure Activities: Organize weekend hikes, bird-watching tours, or river excursions.

• Culinary Experiences: Host cooking classes featuring traditional Guyanese dishes.

Notes:

• Platform Utilization: Use online platforms like Airbnb Experiences or social media to market your services.

• Low Startup Costs: This side hustle requires minimal investment, primarily your time and knowledge.

• Networking: Build partnerships with local hotels or guesthouses for referrals.

2. Online Sales of Indigenous Crafts and Products

Opportunity:

Inspired by the story of the indigenous artist expanding her business, there's a growing market for authentic Guyanese crafts and products. You can collaborate with local artisans to sell their goods online, earning a commission while supporting local communities.

Ideas:

• E-commerce Store: Set up an online shop on platforms like Etsy or Shopify to sell crafts, jewelry, and art.

• Social Media Marketing: Use Facebook or Instagram to showcase products and take orders.

• Custom Orders: Offer personalized items or souvenirs for tourists and expatriates.

Notes:

• Flexible Schedule: Manage the business during evenings or weekends.

• Minimal Inventory: Start with a small selection of items to test the market.

• Social Impact: This side hustle not only generates income but also supports indigenous artisans.

3. Renewable Energy Solutions Provider

Opportunity:

With ongoing power outages and the government's push for reliable energy, there's a demand for alternative power solutions. You can capitalize on this by selling or facilitating the installation of small-scale renewable energy products.

Ideas:

• Solar Products Sales: Sell portable solar chargers, solar lanterns, or small solar panel kits.

• Energy Consultations: Offer advice on energy-saving practices and products to households.

• Partnerships: Collaborate with suppliers to become a local distributor.

Notes:

• Growing Market: As energy concerns persist, demand for these products is likely to increase.

• Education Required: Gain basic knowledge about the products to effectively sell and support customers.

• Initial Investment: May require some upfront capital to purchase inventory, but can be managed based on sales.

Final Thoughts

These side hustle ideas tap into current developments in Guyana and offer high-value opportunities for individuals looking to supplement their income. They require minimal investment and can be managed alongside your existing job, making them practical options for many Guyanese citizens.