Antigua Breaking News

Category: Business

  • ‘Pay former LIAT workers severance. It’s the law’

    ‘Pay former LIAT workers severance. It’s the law’

    The repeated pleas of retrenched LIAT workers to be paid their severance have gained strong support from Antigua and Barbuda’s Opposition Leader Harold Lovell. Lovell, a former Minister of Civil Aviation in the 2004-2014 Baldwin Spencer administration criticised Prime Minister Gaston Browne for his treatment of severance pay for the ex-LIAT employees from Barbados and…

  • ECCB records net profit of $25.2M for year ended 31 March 2021

    ECCB records net profit of $25.2M for year ended 31 March 2021

    The Eastern Caribbean Central Bank (ECCB) recorded a net profit of $25.2 million for the year ended March 31, 2021, a 60.1 per cent decrease from the profit reported in the prior year. The Bank’s Annual Report and Statement of Accounts for the financial year ended 31 March 2021, which was published on 30 June,…

  • Antigua to recommend all Caribbean countries commit to cutting airport taxes

    Antigua to recommend all Caribbean countries commit to cutting airport taxes

    Antigua and Barbuda will slash its airport taxes on airline tickets in half for travel within CARICOM, according to Prime Minister Gaston Browne who is hoping to gain support from other regional leaders. Browne said over the weekend that regional travel was reduced significantly as a consequence of very high airport taxes, and he is…

  • Sever ties with Jamaica

    Sever ties with Jamaica

    There is a growing segment of the Trinidad and Tobago public clamouring for its home-based regional airline, Caribbean Airlines (CAL), to sever links with Jamaica in the wake of mounting losses. Some segments of the public blame the loss-making routes in and out of Jamaica for the increasing operational deficit being incurred by CAL over…

  • Montserrat-based strategist Nerissa Golden releases new book

    Montserrat-based strategist Nerissa Golden releases new book

     Business Strategist and Founder of Truly Caribbean Academy, Nerissa Golden has released Start, Grow, Thrive: Build a Business to Last, which she calls a road map for today’s entrepreneurs. In the book, now available on amazon.com, Golden introduces us to 19-year-old Kyle Matthew who has graduated from community college but cannot find a job. He decides to sell the…

  • Saudis eye business expansion into Caribbean

    Saudis eye business expansion into Caribbean

    The Kingdom of Saudi Arabia (KSA) has expressed its vision of catalysing the expansion of Saudi Arabian business operations in the Americas, especially throughout the Caribbean and Latin American region. The revelation was made by a high level delegation from Saudi Arabia during the first Jamaica-Saudi Arabia bilateral conference held on Thursday, June 24 at…

  • VIDEO: Captain Hanley Sam Snr hangs up his cap after 33 years with LIAT

    VIDEO: Captain Hanley Sam Snr hangs up his cap after 33 years with LIAT

    LIAT says Happy Retirement to one of our esteemed pilots, Captain Hanley Sam Sr. Capt Sam retires after over 4 decades in the aviation industry. He spent 33 years at LIAT. He is known for his commitment to hard work and friendly smile. Capt. Sam Sr. also created history flying with his son Hanley Sam…

  • Antigua and Barbuda announces 50% cut in regional airport taxes effective June 28

    Antigua and Barbuda announces 50% cut in regional airport taxes effective June 28

    Effective tMonday, Antigua and Barbuda will slash its airport taxes on airline tickets in half for travel within CARICOM, according to Prime Minister Gaston Browne who is hoping to gain support from other regional leaders. Browne said over the weekend that regional travel was reduced significantly as a consequence of very high airport taxes, and…

  • BREAKING: Virgin Atlantic to restart Antigua route

    BREAKING: Virgin Atlantic to restart Antigua route

    Virgin Atlantic will be welcoming customers back onboard this June, from Antigua to London Heathrow. The schedule will commence with one flight a week increasing the schedule to three-times a week from Mid-July. Hannah Swift, Caribbean Country Manager says, “We are delighted to welcome our passengers back on board this route and look forward to…

  • Caribbean Airlines to layoff 450 workers and reduce aircraft fleet

    Caribbean Airlines to layoff 450 workers and reduce aircraft fleet

    Still facing the impact of the COVID-19 pandemic on the travel industry, regional carrier, Caribbean Airlines has announced its decision to retrench 450 workers across its network, representing 25% of the company’s workforce. After recording profits in 2018 and 2019, Caribbean Airlines recorded financial losses of more than US$109 million in 2020 and in the…

  • Caribbean Airlines announces US$25 million loss; more job cuts

    Caribbean Airlines announces US$25 million loss; more job cuts

    Caribbean Airlines today announced its unaudited financial results for the first quarter of 2021, recording a loss of TT$172.7m (US$25.7m) and a 75% decline in revenue, compared to the same period in 2020. The losses follow a similar downturn in 2020, which saw an operating loss of TT$738m (US$109.2m) compared to operating profits for 2018…

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]