Caribbean-American firm signs US$5M MoU with Guyanese company to boost businesses

Caribbean-focused investment firm Blue Mahoe Capital Inc has entered a Memorandum of Understanding (MoU) with the Guyana-based Impact Venture Fund (IVF) Inc to facilitate Blue Mahoe’s investments in Guyana.
Blue Mahoe will be the anchor investor for IVF, a privately-held investment corporation supporting high-potential startups in science and technology, as well as fast-growing small enterprises in Guyana.
Blue Mahoe is a Florida-headquartered investment firm focused on giving retail investors, Caribbean Americans in particular, access to the emerging economies and markets of the Caribbean. The firm seeks to connect Caribbean Diaspora investors with investment-grade opportunities in Guyana as an alternative to only sending remittances.

To attract the Caribbean Diaspora to these opportunities in the Caribbean, Blue Mahoe launched a Reg CF offering and plans to eventually list the company on the NASDAQ stock exchange, once it qualifies.
Blue Mahoe is being assisted with this transaction by the publicly-traded Plural Industry Holding Group (stock code PIHG). The Reg CF currently provides a regulated and transparent way for US investors to gain access to growth assets in the Caribbean. Initial funds are focused on affordable housing, private credit, and launching an asset management firm to offer multiple funds.
The IVF is the investment company associated with “!nnovate Guyana”, a corporate-funded tech startup incubator, and US Agency for International Development (USAID) and the Inter-American Development Bank (IDB) Lab-funded accelerator for high-growth small enterprises.
Through the initiative, the IVF will exclusively identify high-quality, investment opportunities on behalf of Blue Mahoe and other investors. The Caribbean-American firm has committed US$5 million to enhance IVF’s capability to serve targeted Guyanese companies.

Through this collaboration, Blue Mahoe and IVF will focus on firms operating in food, ecotourism, education, health care, and services for the underbanked, among other areas.
Blue Mahoe Chairman and Chief Executive Officer (CEO) David Mullings stated, “Oslene [Carrington, IVF CEO and founder of !nnovate Guyana] is highly respected in and outside of the region. She has the business development know-how, local experience, areas of common interest and the integrity that we seek in local partners. I have gotten to know Oslene over many years, and our values align. I believe that will drive the success of this endeavour. IVF will play an integral role in Blue Mahoe’s approach to investing, as we focus on what I call the Four Caribbean Tigers, which includes Guyana. Guyana has tripled its GDP per capita in just three years. Partnering with IVF and Oslene’s team will enable Blue Mahoe to move forward with optimism.”
IVF CEO and founder of !nnovate Guyana Oslene Carrington related, “My team and I have been building a solid foundation in Guyana for several years now. I am excited to be working with David and the Blue Mahoe team because, among other very important reasons, David is beyond solid. I’ve been watching him make big things happen for quite some time now. Since we share the same vision and have the same ethics, I have no doubt about what Blue Mahoe and IVF can achieve. There really isn’t any better partner for IVF and me, personally, right now.”