New ‘Guyfer’ joint venture to bring high-quality fertilisers to Guyana

Guyana’s GAICO, and the Dominican Republic’s FERSAN took a major step forward in advancing Guyana’s agricultural sector with the launch of Guyfer, a joint venture that will bring localised fertiliser production to the region.

The partnership was formalised by GAICO’s Chief Executive Officer, Komal Singh and FERSAN’s CEO Luis Viyella on February 18. The formal event was witnessed by Dominican President Luis Abinader and key industry leaders from both nations.

Recognising the urgent need to boost agriculture, GAICO CFO Chandini Singh spearheaded this initiative, aiming to provide farmers with high-quality fertilisers tailored to their specific needs.

With Guyfer, it is expected that Guyana will not only enhance its agricultural capacity but also strengthen its position in the Caribbean and South America as a leader in food security.

This collaboration reflects a longstanding relationship between Guyana and the Dominican Republic, built on shared vision and expertise, a press release noted. Through the partnership, it is expected that the support offered to farmers will allow them to embrace modern farming techniques enabling them to maximise yields and optimise land use.

It was further noted that Guyfer is a service-driven initiative designed to empower farmers and elevate industry standards. By working alongside stakeholders, the company aims to streamline fertiliser supply and expand access across the region.