Antigua Breaking News

Category: Business

  • LIAT releases flight schedule effective Nov. 30

    LIAT releases flight schedule effective Nov. 30

    LIAT will begin its commercial schedule on November 30th with flights operating to a limited number of destinations. The airline will operate flights five days a week to seven destinations across the LIAT network. The seven destinations are: Antigua, Barbados, Dominica, Grenada, St. Lucia, St. Kitts, and St. Vincent. The limited schedule of flights will…

  • St. Kitts-Nevis CBI programme continues to have positive impact on economy, real estate developer says

    St. Kitts-Nevis CBI programme continues to have positive impact on economy, real estate developer says

    The Citizenship by Investment (CBI) Programme is being lauded for its continued positive impact on the economy of St. Kitts and Nevis, and for its direct correlation to the establishment of several small and medium sized businesses in the Federation. Deon Daniel, the owner and Director of Deon & Associates Limited, a real estate development…

  • PM busy meeting with young entrepreneurs

    PM busy meeting with young entrepreneurs

    Each week, Prime Minister Gaston Browne has engaged numerous local entrepreneurs, offering support for their business ventures as he commends the innovation of citizens during the harsh economic realities brought on by the COVID-19 pandemic. On Tuesday, Prime Minister Browne had the privilege of meeting three (3) former LIAT flight attendants who have now ventured…

  • Carlisle Bay Hotel temporally lays off employees

    Carlisle Bay Hotel temporally lays off employees

    As of today several employees at the Carlisle Bay Resort will be out of a job. In a letter dated Nov. 20, the hotel located Old Road community  told a number of its employees, “due to the massive downturn in business due to the COVID-19 pandemic, we implemented reduced work hours for some of our…

  • Banks conclude historic AGM

    Banks conclude historic AGM

    The Caribbean Association of Banks (CAB) Inc. held its 47th Annual General Meeting on Wednesday. For the first time since the pan-regional body was founded in 1974, the annual gathering was entirely virtual, including the Members Forum, presentation of the Chairperson’s Report, Audited Financial Statement, voting for the new Board of Directors, and amendments to…

  • Training of Nationals for ADOMS succession

    Training of Nationals for ADOMS succession

    The Management of the Antigua and Barbuda Department of Marine Services and Merchant Shipping (ADOMS) has embarked on a capacity building programme, by equipping young nationals with the necessary skills and competencies, to carry on its 34-year maritime service operations. Historically, ADOMS has employed expats from within the international and regional maritime industry. However, it…

  • WIOC finalizing approval for sale of shares to the public

    WIOC finalizing approval for sale of shares to the public

    In keeping with its commitment to divest a portion of its shares in The West Indies Oil Company Limited to the citizens of Antigua and Barbuda, The GOVERNMENT OF ANTIGUA AND BARBUDA has taken the decision to divest the first tranche of shares through the issuance of a share offering to the public, before the…

  • interCaribbean Airways signs MOU with CDEMA

    interCaribbean Airways signs MOU with CDEMA

    The Caribbean Disaster Emergency Management Agency (CDEMA) and interCaribbean Airways Ltd. officially signed a Memorandum of Understanding (MoU) today, establishing a mutual agreement for the movement of relief personnel and supplies, necessary for providing an immediate coordinated response to regional disasters. The official signing was facilitated at a virtual event with Elizabeth Riley, Executive Director…

  • Elijah James to serve as StartUp Huddle organizer

    Elijah James to serve as StartUp Huddle organizer

    In celebration of Global Entrepreneurship Week, the U.S. Embassy for Barbados and the Eastern Caribbean and The Global Entrepreneurship Network (GEN) launched Startup Huddles in seven Eastern Caribbean countries. These monthly “Huddles” will support local entrepreneurs in honing their pitch skills and developing solutions to business challenges. Local successful entrepreneurs will serve as StartUp Huddle…

  • WIOC shares go on sale at the end of November

    WIOC shares go on sale at the end of November

    One of the most anticipated developments in the history of the West Indies Oil Company (WIOC) will take place at the end of November. After some delays, WIOC will be making ten percent of its shares available to members of the public desirous of investing in the company. It is the fulfilment of a promise…

  • Antigua Science Innovation Park collaborates with Canada’s Spark Niagara

    Antigua Science Innovation Park collaborates with Canada’s Spark Niagara

    The partnership between the Antigua Barbuda Science Innovation Park and Spark Niagara will see both entities enter into an official MOU today in order to cooperate and focus their efforts on increasing entrepreneurship and economic sustainability. Spark Niagra located in Ontario Canada, is part of a growing network of industry-specific incubators and accelerators. Their focus…

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]