Antigua Breaking News

Category: Business

  • Government announces divestment of 10% of its shares in West Indies Oil Company

    Government announces divestment of 10% of its shares in West Indies Oil Company

    The Government of Antigua and Barbuda (“GOAB” or the “ Offeror”) announces that it will divest ten percent (10%) of its holdings in the West Indies Oil Company Limited (“WIOC”) commencing 24 March, 2021. This amounts to 301,920 ordinary shares. Fifty percent (50%) of the offer is reserved for public servants and the remainder for…

  • Barbados Opposition Leader in plea for ex-LIAT workers

    Barbados Opposition Leader in plea for ex-LIAT workers

    BARBADOS TODAY — Opposition Leader Bishop Joseph Atherley on Monday urged Government to assist severed LIAT employees in Barbados who are now struggling to make ends meet after one year of being dismissed from the bankrupted carrier. In an impassioned speech in the House of Assembly, Bishop Atherley said that the government of Antigua has…

  • Bitcoin ATMs go live in Antigua and Barbuda

    Bitcoin ATMs go live in Antigua and Barbuda

    “I want to see at least three thousand Antiguans become millionaires within the next 50 years,” proclaims CEO of SSID Financial Ltd, Dr Hugh Jarvis. This is the vision Dr Jarvis has for Antigua and Barbuda when it comes to the potential of cryptocurrency and the technology behind it. It is an audacious claim –…

  • ACB Caribbean is Here – Simply Smarter Banking

    ACB Caribbean is Here – Simply Smarter Banking

    Customers can step into the new look Antigua Commercial Bank (ACB) now trading as ACB Caribbean. The sixty-five-year-old financial institution has unveiled its Brand Evolution to the people of Antigua and Barbuda. In spite of the modern and fresh new image, the organization has not lost sight of its long-standing legacy of deeply rooted Corporate…

  • Get Ready for an Eggceptional Easter!

    Get Ready for an Eggceptional Easter!

    The last year has been much more of a challenge than anyone could have expected, to put it mildly. While things do seem to be slowly moving back in the right direction, it still has left many stressed about the upcoming Easter holiday. Axcel Finance, the leading regional microfinance institution, is providing a great way…

  • Antigua PM says former Barbados LIAT pilots are ‘rotten elements’ who destroyed the airline

    Antigua PM says former Barbados LIAT pilots are ‘rotten elements’ who destroyed the airline

    CARIBBEAN NEWS SERVICE — The prime minister of Antigua and Barbuda says former Barbados-based pilots of the beleaguered regional airline LIAT, are rotten elements responsible for the demise of the carrier. Gaston Browne was at the time responding to a class-action suit by the terminated pilots against the Antigua and Barbuda government. Ten former pilots…

  • 14,000 barrels cleared under pandemic relief initiative

    14,000 barrels cleared under pandemic relief initiative

    Antiguans and Barbudans imported more than 14,000 barrels under the Customs and Excise Division’s pandemic relief barrel initiative. At the end of Tuesday this week, the division had reportedly processed 14,630 barrels under the initiative, which began April 1, 2020. Under the relief initiative, each household can import barrels of food, toiletries, and anti-coronavirus items…

  • ECCB’s digital currency set for public roll-out this month end

    ECCB’s digital currency set for public roll-out this month end

    The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy N. J. Antoine says the public roll-out of DCash, the ECCB’s digital currency will commence on March 31. In his official announcement, Governor Antoine emphasises that DCash is safer, faster and cheaper and encourages all to get on board.  “The future of the EC Dollar…

  • ‘More LIAT ex-pilots join’ class-action lawsuit

    ‘More LIAT ex-pilots join’ class-action lawsuit

    BARBADOS TODAY: Ten terminated LIAT pilots have strengthened numbers in their class-action suit against the Antigua and Barbuda government in the face of a reported threat by the prime minister to close the St John’s-based company. Six more former pilots Thursday came forward to add their names to the constitutional motion filed last week in…

  • Restaurants to resume in-house dining with immediate effect

    Restaurants to resume in-house dining with immediate effect

    CABINET NOTES: The Cabinet, following intense discussions among members and in consultation with the Chief Medical Officer, decided to allow restaurants to resume sit-down dining effective immediately. The curfew hours will remain at 8:00 pm to 5:00 am; however, the Cabinet intends to review (next week) the numbers of people being infected and hospitalized daily…

  • Gabriel Abed to discuss Blockchain Adoption for One Caribbean at The UWI Five Islands Public Advocacy Series

    Gabriel Abed to discuss Blockchain Adoption for One Caribbean at The UWI Five Islands Public Advocacy Series

    On March 29, 2021, The University of the West Indies Five Islands Campus in Antigua and Barbuda will explore the adoption of Blockchain for One Caribbean as it hosts the fourth in a series of monthly virtual conversations. This month’s speaker at the Campus’ Public Advocacy Series will be Barbadian Blockchain technologist and entrepreneur, Gabriel…

REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]. 

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]