Bartica Stelling Nears Completion with Promised Economic Boost

The Bartica Stelling redevelopment in Region Seven is progressing rapidly, with 75% of concrete works and 90% of the link-span bridge completed. Minister of Public Works, Bishop Juan Edghill, emphasized the project’s importance for enhancing transportation efficiency and economic activity in the region. The facility will accommodate increasing demand, especially during the Christmas season, while maintaining safety and cleanliness standards. Speedboat operators have been warned against fare hikes, and safety inspections for vessels have been reinforced. The stelling is expected to significantly improve passenger and cargo handling efficiency upon completion.

VP Advocates for Labour Mobility Incentives

Vice President Bharrat Jagdeo revealed plans to incentivize the relocation of workers within Guyana to address labour shortages in development hotspots. The government is also supporting skilled worker imports for critical projects while expanding local training initiatives like GOAL scholarships and BIT programs. These measures aim to balance rapid economic growth with equitable job opportunities for Guyanese citizens.

Business Opportunities Based On Today’s Developments

Small Enterprises (SEs)

1. Travel Concierge Services for Guyanese Travelers

   • Opportunity: With United Airlines expanding its services and GlobalTT-Guyana offering curated travel packages, there’s potential to create a concierge service for travelers, offering personalized itineraries, visa assistance, and travel insurance.

   • Notes: Target middle-income families and business travelers who value convenience. Consider partnerships with travel agencies like GlobalTT-Guyana.

2. Green Products and Services

   • Opportunity: The ENGAGE program’s focus on eco-friendly businesses opens avenues for small enterprises to supply products or services in renewable energy, organic farming, or waste management.

   • Notes: Start with niche offerings like biodegradable packaging or small-scale solar installations tailored for homes or small businesses.

3. Vendor Training Support for SBM Offshore and Local Businesses

   • Opportunity: Small enterprises can offer training or consulting services to local vendors aiming to meet the compliance and human rights standards highlighted by SBM Offshore’s Vendor Day.

   • Notes: Position as a low-cost, high-impact partner for vendors needing help with ESG (Environmental, Social, and Governance) compliance.

Medium Enterprises (MEs)

1. Regional Logistics Services

   • Opportunity: With delays in transshipment and the potential development of a deep-water port, medium-sized logistics companies can offer efficient regional solutions, such as trucking and warehousing, to bridge gaps until large infrastructure projects are completed.

   • Notes: Focus on building partnerships with manufacturers and import/export businesses affected by current shipping bottlenecks.

2. Workforce Relocation Services

   • Opportunity: Government incentives for relocating labor present opportunities for MEs to establish relocation services, including transport, housing, and support systems for skilled workers moving to high-demand regions.

   • Notes: Partner with private contractors and government agencies to create tailored solutions for large projects.

3. Carbon Credit Aggregation Services

   • Opportunity: Guyana’s significant carbon credit earnings suggest a need for intermediary services to help smaller landowners or businesses navigate and participate in carbon credit markets.

   • Notes: Develop a service platform or consultancy to guide businesses in registering, selling, and benefiting from carbon credits.

Large Enterprises (LEs)

1. Deep-Water Port Development

   • Opportunity: With VP Jagdeo signaling the necessity of government co-investment for a $1 billion deep-water port, large enterprises can lead or partner in its development, potentially securing a long-term strategic asset.

   • Notes: Propose a public-private partnership model, emphasizing synergies with oil and gas logistics, Brazilian trade, and regional transshipment.

2. Large-Scale Renewable Energy Projects

   • Opportunity: ENGAGE’s focus on sustainability and the government’s commitment to renewable energy create an environment ripe for large-scale solar, wind, or bioenergy projects.

   • Notes: Position projects as integral to Guyana’s energy transition, possibly collaborating with ENGAGE participants for community integration.

3. Housing and Urban Development

   • Opportunity: The Lethem Housing Support Program highlights demand for affordable, high-quality housing across Guyana. Large firms can expand on this model, developing entire housing schemes with integrated infrastructure.

   • Notes: Target not just low-income housing but also mixed-use developments incorporating retail and community spaces.

General Observations and Considerations

• Cross-Sector Collaboration: Opportunities to partner across small, medium, and large enterprises (e.g., housing developers using small businesses for brick production).

• Sustainability as a Core Focus: Across all enterprise levels, aligning offerings with green initiatives will likely yield both economic and reputational benefits.

• Government Partnerships: Given the significant government-led developments, businesses should prioritize forming partnerships and understanding public sector goals to align effectively.

These tailored opportunities present pathways for various enterprise sizes to capitalize on today’s evolving business landscape.

Side Hustle Ideas Based On Today’s Developments

1. Luxury Travel Concierge Service for Oil and Gas Professionals

   • Opportunity: With Guyana experiencing a surge in oil and gas activity, there is a growing influx of business travelers and expats requiring personalized, hassle-free travel services. Create a side hustle offering tailored services like booking exclusive accommodations, arranging airport pickups, and curating local experiences.

   • How It Works: Use evenings or weekends to handle bookings, provide real-time support, and negotiate with local service providers (hotels, drivers, and tour operators) for commissions. Partner with new entrants like United Airlines and travel agencies to reach a niche audience.

   • Why It Works: Guyana’s growing oil economy is attracting high-net-worth individuals who value time and convenience. This idea has low startup costs and high scalability.

2. Eco-Friendly Product Manufacturing (Small-Scale)

   • Opportunity: Capitalize on the ENGAGE green entrepreneurship program and the increased focus on sustainability by producing and selling eco-friendly products such as reusable shopping bags, biodegradable packaging, or organic cleaning products.

   • How It Works: Use local materials like jute or cotton for bags, or natural ingredients for cleaning supplies. Sell at local markets, through social media, or via partnerships with eco-conscious businesses. Start small and expand as demand grows.

   • Why It Works: Sustainability is trending globally, and Guyana is positioning itself as a leader in green initiatives. With low entry costs, this side hustle can serve both individuals and small businesses looking to adopt greener practices.

3. Digital Marketing Services for SMEs

   • Opportunity: Many small and medium-sized businesses in Guyana lack the expertise to leverage digital platforms effectively. Offer social media management, online ad campaigns, and basic website creation as a part-time service.

   • How It Works: Use free or low-cost tools (Canva, WordPress, Facebook Ads) to create and manage digital campaigns. Charge monthly retainers or project-based fees. Focus on industries highlighted in today's news, such as travel, green businesses, and logistics.

   • Why It Works: The rise in disposable incomes and the expansion of the private sector mean more businesses are seeking online visibility. This hustle is time-flexible and scalable with minimal upfront costs.

Why These Ideas Are High-Value:

• Low Capital Requirements: They require minimal initial investment and can be started using existing skills and resources.

• Alignment with Market Trends: These ideas tap into Guyana’s expanding economy, rising global connectivity, and sustainability focus.

• Scalability: They offer growth potential, allowing side hustlers to eventually transition into full-time business opportunities if desired.

These ideas combine practicality, profitability, and the ability to fit into a busy schedule, making them ideal for ambitious individuals looking to earn extra income while contributing to Guyana’s growth.