Antigua Breaking News

Category: Business

  • Notice of dividend payment of the West Indies Oil Company Limited

    Notice of dividend payment of the West Indies Oil Company Limited

    The Board of Directors of The West Indies Oil Company Limited on July 13th adopted a resolution to pay shareholders of record as of July 20th, 2022, a dividend of EC$2.09 per share. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES. The dividend payment is the first since the Company’s successful IPO which…

  • Antigua US$200M bond back on track

    Antigua US$200M bond back on track

    The Antigua & Barbuda government says “within a couple of weeks” it will have a new subscriber for a US$200 million bond it was forced to withdraw from the international market earlier this year. CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES. Prime Minister Gaston Browne also told Parliament that he had not…

  • Administrator suggests airline would collapse if the appeal court allows former workers and other creditors to sue the company

    Administrator suggests airline would collapse if the appeal court allows former workers and other creditors to sue the company

    A group of former Barbadian LIAT pilots is pleading with Prime Minister Mia Mottley to urgently intervene to help resolve their longstanding pay issue even as the airline claims it will collapse if the Antigua Court of Appeal allows the ex-employees to sue the company for money owed. CLICK HERE TO JOIN OUR WHATSAPP GROUP.…

  • Unicomer welcomes new Managing Director for OECS, Johnathan Johannes

    Unicomer welcomes new Managing Director for OECS, Johnathan Johannes

    Unicomer (St. Lucia) Limited announced the appointment of a new Manager Director for Unicomer Organization of Eastern Caribbean States (OECS), Johnathan Johannes. Effective April 1, Johannes assumed responsibility for the Unicomer OECS businesses operating in: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Vincent and the Grenadines and Saint Lucia. A results-oriented and…

  • LIAT 2020 to take off in June

    LIAT 2020 to take off in June

    LIAT 2020 is scheduled to take to the skies within the next four months as discussions enter the final stage with potential investors. An advertisement yesterday outlined that LIAT 2020, which will be based in Antigua, is looking for experienced people to fill several positions crucial to the airline’s oprations. Vacancies include CEO, captains, first…

  • El Salvador defends use of Bitcoin as legal tender

    El Salvador defends use of Bitcoin as legal tender

    SAN SALVADOR, El Salvador (AFP)— El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from the International Monetary Fund to change course. The IMF last Tuesday warned of “large risks” posed by the cryptocurrency’s volatility. “No multilateral body is going to force you to do anything, absolutely nothing. States are sovereign…

  • LIAT to go cashless in St. Maarten

    LIAT to go cashless in St. Maarten

    LIAT will implement cashless transactions at its counters at Princess Juliana International Airport, St. Maarten. The cashless transactions will assist in a smoother operation for passengers and staff and will be effective from January 27th, 2022. In wake of the COVID -19 pandemic and as the airline rebuilds its network, LIAT has been reviewing its…

  • Union says it knowns nothing about compassionate payment to LIAT ex-workers

    Union says it knowns nothing about compassionate payment to LIAT ex-workers

    The Antigua & Barbuda Workers’ Union, on behalf of the LIAT employees we represent and on behalf of all LIAT employees residing in Antigua and Barbuda, condemns and takes exception to the media statement put out by the Office of the Prime Minister dated 20th December, 2021, stating that “the Government of Antigua and Barbuda…

  • High Demand for Corporate Jet parking at Princess Juliana International Airport

    High Demand for Corporate Jet parking at Princess Juliana International Airport

    TO RECEIVE NOTIFICATIONS VIA WHATSAPP, SAVE OUR NUMBER 268-722-8466 AND SEND US A MESSAGE WITH THE WORDS: ADD ME Aviation Executives of the Princess Juliana International Airport Operating Company (PJIAE N.V.) have engaged in advanced operational flow management meetings, to effectively strategize the high traffic demand for the corporate jet parking, as a part of…

  • Investor with interest in LIAT willing to pay portion of severance, Lovell says

    Investor with interest in LIAT willing to pay portion of severance, Lovell says

    TO RECEIVE NOTIFICATIONS VIA WHATSAPP, SAVE OUR NUMBER 268-722-8466 AND SEND US A MESSAGE WITH THE WORDS: ADD ME Harold Lovell is condemning the Government’s treatment of the former LIAT workers, and says his Party has found an investor willing to shoulder some responsibility for their severance payments. The ex-employees and the Government have been…

  • Union leaders repeat calls for ‘meaningful dialogue’ on the issue of severance for former LIAT workers

    Union leaders repeat calls for ‘meaningful dialogue’ on the issue of severance for former LIAT workers

    TO RECEIVE NOTIFICATIONS VIA WHATSAPP, SAVE OUR NUMBER 268-722-8466 AND SEND US A MESSAGE WITH THE WORDS: ADD ME Union leaders representing ex-employees of LIAT are once again calling on the Antigua government to have a “meaningful dialogue” on the issue of severance no later than Wednesday, December 15th, 2021. This most recent deadline was…

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]