Capital Markets Authority of Kenya – Procurement of Project Management Office for Islamic Finance

The Capital Markets Authority of Kenya (CMA) and FSD Africa are inviting Expressions of Interest from consulting firms to support the establishment of a Project Management Office (PMO) which will help design and coordinate a range of interventions to enhance Islamic finance markets in Kenya.

The initiative is being led by the CMA which is the regulatory body that oversees capital markets in Kenya. The work will involve the supply of specialist consultant(s) into the CMA over at least a two year period to work closely with CMA management to review and implement the recommendations of a scoping exercise carried out in mid-2014 into how to build Islamic finance markets in Kenya.

With the endorsement of the other financial market regulators in Kenya, the CMA has been playing a leading role to develop Islamic finance across the industry. The PMO will therefore be housed at the CMA and while the PMO will play an internal role within CMA, providing strategic advice to CMA senior management and building CMA’s capacity to be an effective regulator of Islamic finance in the capital markets sphere, it will also lead coordination of a cross-financial sector programme which includes regulatory reform, the establishment of a National Shariah Supervisory Board, capacity building and awareness raising.

This procurement is being managed jointly by CMA and FSD Africa and the successful bidder will ultimately be contracted by FSD Africa.

The purpose of this call for Expressions of Interest is to enable CMA and FSD Africa to shortlist suitably qualified firms. If you are successful in the shortlisting process, your firm will then be invited to put forward a full proposal for assignment.

For more details, please view the full call for Expressions of Interest document.

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