{"id":258834,"date":"2025-11-21T07:25:38","date_gmt":"2025-11-21T11:25:38","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=258834"},"modified":"2025-11-21T07:25:39","modified_gmt":"2025-11-21T11:25:39","slug":"antigua-and-barbuda-will-expand-opportunities-for-citizens-to-own-shares-in-state-linked-enterprises","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-and-barbuda-will-expand-opportunities-for-citizens-to-own-shares-in-state-linked-enterprises\/","title":{"rendered":"Antigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises"},"content":{"rendered":"
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State Plans to Sell Shares in Public Enterprises to Citizens Through NAMCO<\/strong><\/p>

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Antigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises as part of its \u201cempowerment capitalism\u201d agenda, Governor General Sir Rodney Williams announced Thursday during the Throne Speech.<\/p>\n\n\n\n

Sir Rodney said the policy is designed to give ordinary Antiguans and Barbudans a stake in profit-making ventures, allowing families to build generational wealth instead of relying solely on low-interest savings accounts. He said the government\u2019s goal is to ensure that \u201cevery adult in Antigua and Barbuda is afforded an opportunity to participate in wealth-creation across generations.\u201d<\/p>

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The Governor General pointed to the West Indies Oil Company as the model for the programme. Under that initiative, he noted that \u201c10% of the government\u2019s 51% ownership of shares in West Indies Oil Company (WIOC) were sold to ordinary Antiguans and Barbudans,\u201d giving residents direct access to corporate dividends and investment returns.<\/p>

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Sir Rodney said similar opportunities will follow as the state gradually opens share ownership in other enterprises. According to the Throne Speech, \u201cmy Government\u2019s ownership in banks, a dredging company, hotels, State Insurance and other profit-making capitalist enterprises will in part be sold to our citizens.\u201d<\/p>\n\n\n\n

To manage these assets and reinvest future returns, the government has created the National Asset Management Company (NAMCO). Sir Rodney explained that NAMCO \u201cserves as the beneficiary of the earned dividends that are paid to my Government as a shareholder in private enterprises.\u201d These funds will be used to purchase stakes in additional companies, further expanding citizen access to investment opportunities.<\/p>

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The Governor General described the strategy as a long-term shift in the country\u2019s economic model, stating that \u201cover the ensuing 25 years of this 21st Century, or by the year 2050, history will absolve my Government.\u201d<\/p>\n\n\n\n

The empowerment capitalism programme is expected to grow in 2026 as details on new share offerings and public participation mechanisms are announced.<\/p>

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State Plans to Sell Shares in Public Enterprises to Citizens Through NAMCO Antigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises as part of its \u201cempowerment capitalism\u201d agenda, Governor General Sir Rodney Williams announced Thursday during the Throne Speech. Sir Rodney said the policy is designed to give ordinary Antiguans […]<\/p>\n","protected":false},"author":3,"featured_media":162475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-258834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-and-barbuda-will-expand-opportunities-for-citizens-to-own-shares-in-state-linked-enterprises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises\" \/>\n<meta property=\"og:description\" content=\"State Plans to Sell Shares in Public Enterprises to Citizens Through NAMCO Antigua and Barbuda will expand opportunities for citizens to own shares in state-linked enterprises as part of its \u201cempowerment capitalism\u201d agenda, Governor General Sir Rodney Williams announced Thursday during the Throne Speech. 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