Wednesday 27/11/2024 - 🏗️$100M For Linden Waterfront

⏱️ 5 - 6 minute read

Hi, reader

Guyana’s economy surges forward with transformative developments in dairy, infrastructure, and digital innovation—unlocking opportunities for businesses of all sizes.

Here’s what you can expect:

Today's Proverb: 

"If you plant grass, you won’t get rice." - Cambodian

Meaning: The results you achieve depend directly on your efforts and planning, applicable in strategic goal setting in business.

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DDL Introduces Caribbean’s First Modern Dairy Farm

Demerara Distillers Limited (DDL) is building a $20 million state-of-the-art dairy farm at Moblissa on the Soesdyke-Linden Highway, marking the first of its kind in the Caribbean. Equipped with advanced technology, the farm will feature 80,000 sq. ft. cow sheds, a self-sustaining waste management system, and precision agriculture techniques. DDL plans to produce fresh milk for local and regional markets by late 2025. This initiative aligns with their goal of revolutionizing agricultural efficiency while creating jobs and boosting Moblissa's economy.

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Government Allocates $100M for Linden Waterfront Development

Linden, Region Ten, will receive a $100 million boost to revamp its waterfront, improving transportation, aesthetics, and local opportunities. Eight local contractors signed agreements for the project, which will enhance accessibility to the hospital and other key services. The initiative emphasizes community-based development, creating employment and ensuring economic benefits remain in Linden. Prime Minister Mark Phillips and Public Works Minister Bishop Juan Edghill have highlighted the project’s role in fostering regional growth and encouraging local female contractors to contribute to traditionally male-dominated fields.

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Business Opportunities Based On Today’s Developments

Small Enterprises (SEs)

  1. Local Milk Product Retailing
    With DDL's $20M dairy farm set to produce fresh milk locally, small enterprises could focus on retail distribution. Entrepreneurs could establish milk delivery services or corner shops targeting neighborhoods where milk availability is currently limited.
    Notes:

    • Partner with DDL to secure supply.

    • Add value by offering bundled packages with other dairy products.

  2. Domestic Violence Support Services
    With Region 3 recording high domestic violence cases and the government increasing support mechanisms, small businesses could establish services like counseling, self-defense classes, or even tech-enabled solutions (e.g., personal safety apps).
    Notes:

    • Seek partnerships with government programs and NGOs.

    • Provide discreet, culturally sensitive services to ensure uptake.

  3. Eco-Tourism Packages in Linden
    The $100M waterfront development project in Linden could attract tourism. Small enterprises could offer guided tours, boat rentals, or curated eco-tourism packages leveraging the beautified riverfront.
    Notes:

    • Collaborate with local contractors for visibility.

    • Incorporate sustainable practices to appeal to eco-conscious tourists.

Medium Enterprises (MEs)

  1. Agricultural Supply Chain for DDL Dairy Farm
    DDL's dairy farm requires consistent feedstock and other agricultural inputs. Medium enterprises can supply silage, hay, or veterinary products. This aligns with DDL's emphasis on local sourcing and advanced agricultural practices.
    Notes:

    • Explore growing high-yield crops like Guinea Grass.

    • Partner with NAREI for technical expertise to improve yield quality.

  2. IT Solutions for Open Data Implementation
    The Open Data Bill will require public authorities to digitize their operations. Medium-sized IT firms could specialize in building, maintaining, and securing these data registries.
    Notes:

    • Pitch data visualization tools to public authorities for citizen engagement.

    • Focus on cybersecurity to meet compliance needs.

  3. Construction and Infrastructure Services in Linden
    Medium enterprises can bid on contracts related to the Linden waterfront project or power infrastructure upgrades. Offering expertise in sustainable building practices or prefabricated construction could differentiate bidders.
    Notes:

    • Build strong ties with regional officials for future projects.

    • Invest in skilled labor training to execute efficiently.

Large Enterprises (LEs)

  1. Data Analytics and AI Integration in Public Services
    With the passage of the Open Data Bill and Demerara Bank’s AI-driven banking initiatives, large enterprises can offer advanced AI and analytics solutions to both the public and private sectors. These could improve decision-making in agriculture, healthcare, and transportation.
    Notes:

    • Develop public-private partnerships for long-term engagements.

    • Build modular, scalable solutions for various government agencies.

  2. Renewable Energy Infrastructure
    The power upgrades in Moblissa and the government’s push for electricity infrastructure present an opportunity for large enterprises to provide renewable energy solutions, such as solar farms or wind turbines, to supplement grid power.
    Notes:

    • Lobby for policy incentives for renewable energy projects.

    • Position as a leader in sustainable development aligned with Guyana’s green energy goals.

  3. Logistics and Supply Chain Solutions for Dairy and Oil Sectors
    Large enterprises could develop advanced logistics networks to support both DDL's dairy operations and the growing demands of Guyana’s oil sector. These networks could manage storage, transportation, and export logistics efficiently.
    Notes:

    • Integrate technology like IoT for real-time tracking.

    • Ensure compliance with international standards for food and oil products.

General Observations and Strategic Thoughts:

  • Local Partnerships: Many of these opportunities, especially in agriculture and tourism, will benefit from partnerships with local governments and communities.

  • Sustainability: Projects focusing on environmental sustainability will likely gain more support from both private investors and the government.

  • Funding and Grants: Leverage funding from organizations like IPED or programs tied to government initiatives (e.g., the Open Data project or rural electrification).

  • Skill Development: Across sectors, training and skill development for local labor will be critical, particularly for construction and tech-heavy projects.

By leveraging these opportunities, businesses of all sizes can align with Guyana's rapid economic and infrastructural development.

Side Hustle Ideas Based On Today’s Developments

1. Mobile Farm-to-Table Delivery Service

  • What it is: Create a delivery service that connects small-scale farmers and producers (e.g., fresh dairy from DDL’s new farm or local fruits from Linden) directly to urban consumers. Offer subscription plans for fresh produce or dairy bundles.

  • Why it works: With Guyana’s growing economy and increasing demand for fresh, locally sourced food, this fills a niche for convenience and sustainability. It also supports local farmers by giving them access to a wider market.

  • Start-up Notes:

    • Use social media for marketing and orders (WhatsApp, Facebook).

    • Collaborate with local farms for exclusive supply agreements.

    • Start small with a single delivery route or weekend-only services.

2. Personalized Home Security Consulting and Installation

  • What it is: Offer affordable home security solutions, including consulting and installing basic security cameras and systems. Tap into concerns raised by initiatives like Anna Regina Secondary’s $1M security camera upgrade.

  • Why it works: Rising disposable incomes mean more households are willing to invest in security. Small-scale camera systems or affordable smart security options (e.g., app-controlled cameras) are in demand, especially in developing areas.

  • Start-up Notes:

    • Begin with a partnership with a tech retailer to source cameras and systems affordably.

    • Target middle-income families and small businesses with simple, scalable solutions.

    • Offer low-cost maintenance services to build a recurring revenue stream.

3. Weekend Eco-Tourism Experiences

  • What it is: Host guided eco-tours in developing areas like Linden’s waterfront or Moblissa, focusing on nature, local culture, and activities such as kayaking, hiking, or wildlife spotting. Offer packages for locals and expatriates looking for quick getaways.

  • Why it works: Guyana’s tourism sector is still nascent but has immense potential. As disposable incomes rise, locals and expatriates working in the oil sector are seeking unique experiences. Eco-tourism leverages Guyana’s natural beauty and aligns with global sustainability trends.

  • Start-up Notes:

    • Rent or borrow kayaks and basic equipment to keep costs low.

    • Build relationships with local communities to offer authentic cultural experiences.

    • Market experiences through Instagram, TikTok, and expat networks.

General Thoughts:

  • These ideas leverage Guyana's rapid economic growth and infrastructure developments while staying accessible for individuals with limited time or capital.

  • Technology and social media can significantly amplify the reach and scalability of these hustles.

  • Starting with simple, high-demand services allows for sustainable growth without requiring full-time commitment.

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