Antigua Breaking News

Category: Business

  • ECCB Revokes Bank of Nova Scotia’s Banking Licence

    ECCB Revokes Bank of Nova Scotia’s Banking Licence

    TO RECEIVE NOTIFICATIONS VIA WHATSAPP, SAVE OUR NUMBER 268-722-8466 AND SEND US A MESSAGE WITH THE WORDS: ADD ME The Eastern Caribbean Central Bank (ECCB) advises that effective 6 December, it has revoked the banking licence of Bank of Nova Scotia, located in Antigua and Barbuda, as the bank has ceased to carry on banking…

  • Government, former of LIAT pilots at odds over remuneration

    Government, former of LIAT pilots at odds over remuneration

    The Antigua and Barbuda government has given former pilots with the cash-strapped airline, LIAT, a deadline to accept the proposals regarding outstanding severance payments owed to them even as the employees continue to express disappointment at the way the matter is being handled. Minister of State in the Ministry of Finance, Lennox Weston, has told…

  • ‘Take it or leave it’ former LIAT employees told

    ‘Take it or leave it’ former LIAT employees told

    Prime Minister Gaston Browne has told former employees of the cash-strapped regional airline, LIAT, that they have a choice to either accept or reject the compassionate settlement his administration has offered to them and says he sees no reasons for further talks on the matter. “We do not need to meet with them to determine…

  • Fresh LIAT pay plan

    Fresh LIAT pay plan

    BARBADOS TODAY: Antigua and Barbuda Prime Minister Gaston Browne has made a new pay offer to former LIAT employees of millions of dollars to be paid by Christmas. Speaking recently on his regular radio show, Browne told the terminated workers his government was now prepared to buy the chattel assets of the Antigua-based airline and…

  • Remittance flows register robust 7.3% growth in 2021

    Remittance flows register robust 7.3% growth in 2021

    Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 percent despite a severe global recession due to COVID-19, according…

  • AstraZeneca rakes in $25.4 billion for the first 9 months of 2021

    AstraZeneca rakes in $25.4 billion for the first 9 months of 2021

    (CNN Business) – AstraZeneca (AZN) has booked its first profit from sales of its Covid-19 vaccine. The company sold $2.2 billion worth of the shot in the first nine months of the year. In the quarter ending September 30, the vaccine’s sales totalled $1.05 billion, contributing one cent to earnings per share. Announcing its earnings…

  • LIAT pilots keep pressure on shareholder govts to pay out ex-pilots

    LIAT pilots keep pressure on shareholder govts to pay out ex-pilots

    The pilots union at the cash-strapped regional airline, LIAT, on Tuesday called on its shareholder governments to assist in reaching a settlement regarding the outstanding severance payments owed to the airline’s ex-pilots. Patterson Thompson, President of the Leeward Islands Airline Pilots Association (LIALPA) who took to the airwaves on Observer Radio in Antigua, said while the coronavirus…

  • LIAT to resume services to St. Thomas

    LIAT to resume services to St. Thomas

    LIAT will resume services to St. Thomas, U.S Virgin Islands (USVI) on November 21, 2021. The airline, which has been working to resume services since its restart in November 2020, will add St. Thomas as its tenth destination. LIAT will operate a weekly service into the Cyril E. King International Airport. The flight will operate…

  • LIAT hoping to return to Guyana but Gov’t wants ‘assurances’ of good service

    LIAT hoping to return to Guyana but Gov’t wants ‘assurances’ of good service

    Regional airline LIAT, which has been beset by financial challenges forcing the shutdown of its operations, is seeking to return to Guyana and fly Guyanese passengers once again but the government first wants certain assurances that quality service will be provided this time. With the COVID-19 pandemic forcing airports to shut last year as part…

  • Antigua experiencing egg shortage

    Antigua experiencing egg shortage

    NOTICE: To Our Valued Customers Presently, we are experiencing a shortage of eggs on the island that is directly linked to the disruption in the feed supply chain across the Caribbean. Due to this disruption, we had to seek feed outside the region which interrupted the regular production of the birds. Also, there is an…

  • PM Harris: Development of local medicinal cannabis industry will make a positive impact on our growing economy

    PM Harris: Development of local medicinal cannabis industry will make a positive impact on our growing economy

    St. Kitts and Nevis is proceeding with the development of a local Medicinal Cannabis Industry. “Our future growth will also be positively impacted by a successful build-out of our Medicinal Cannabis Industry,” Prime Minister Dr. Timothy Harris said. “Cabinet has agreed to solidify our efforts at building out the Cannabis Industry. These efforts will be…

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]