GuySuCo has over $3B in outdated Fiat tractor spares in stock
May 22, 2018 – Kaieteur News
– growing evidence of massive procurement fraud over time
The suspicions were there all along. But the evidence was missing. Until now.
In recent years, the state-owned Guyana Sugar Corporation (GuySuCo) has been asking for and receiving billions of dollars annually in bailouts to pay workers and creditors.
The fortunes of the company have been steadily declining, with production plunging and poor maintenance, theft and the quality of agriculture at its lowest. Despite that, consecutive administrations facing watchful unions and a 16,000-plus strong workforce were unwilling to resist GuySuCo’s demands for cash. Continue reading
Guyana: Green transformation versus narrow thinking – Editorial – Stabroek News
Green transformation versus narrow thinking
On its website’s homepage, the Guyana Sugar Corporation (GuySuCo) proudly displays what it terms a ‘new GuySuCo’. It says that it is “transforming our business” and “exploring our potential: rice cultivation and other crops to ensure the sustainability and viability of our business”. Arrows point from this statement to labelled photographs of cane sugar, fruit crops, aquaculture, dairy farming and seed paddy.
And sadly, that is as far as the transformation extends, although there is a notification lower on the page where GuySuCo explains why it is not pursuing ethanol production as an alternative to sugar production. The explanation, with references to studies, prices and comparisons with other countries producing ethanol makes perfect sense. What doesn’t is why GuySuCo’s research is limited to cane agriculture. Continue reading →
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