The Georgetown Chamber of Commerce was incorporated by Act of Parliament in 1890, 75 years before the Bank of Guyana opened. Six of its leaders have asked the Bank to change one credit rule since 2014. The rule still says a business's own machinery is not good collateral.
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Michael Munroe, Director of Guyana's Local Content Secretariat, told the Guyana Supplier Forum on 4 November 2026 that writing an unbundling requirement into the Local Content Act is an active consideration. Oil companies bundle services such as pest control, sanitation and security into one tender.
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Michael Munroe, Director of Guyana's Local Content Secretariat, told a suppliers' forum in Georgetown on 4 November that the Secretariat intends to ask the oil companies what work might be set aside for small and women-owned businesses. The Act reserves 40 services and names neither.
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Five Guyanese mineral agreements carry the same stability and compensation clause, word for word. Guyana signalled in 2025 it may extend local content rules to mining. That clause is what any such law would meet.
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ExxonMobil awarded Viridien's Sercel a one-year contract to run simultaneous operations software at Whiptail. Guyana's Local Content Act lists 40 reserved categories and none covers operational software.
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In February the President proposed one shared bottle-making facility so no producer need buy its own. In July the National Assembly voted G$496.3 million for a state-owned bottler instead. Manufacturers who expanded on the first plan now compete with the second.
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Guyana's Local Content Act reserves 90 to 100 per cent of services built on premises and labour for Guyanese companies, and just 5 per cent of engineering and machining. A business cluster, run by a chamber of commerce, is how firms elsewhere crossed that gap.
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