EOI: Specialists in Fragility Affected States in Africa (FASA) – 2nd Window

  1. Introduction

Following a successful EOI process in December 2016, FSD Africa (“FSDA”) is looking to build a second panel of financial market specialists in fragility affected states in Africa (FASA).[1] This will complement the current pool of pre-qualified consultants and ensure FSDA has the right mix of skills to take forward its intended portfolio in the selected countries. FSDA plans to call on this panel for draw–down (i.e. retained consultant) arrangements and/or short-term consultancy assignments.

This call for Expressions of Interest (EOI) aims to identify and pre-qualify a pool of expert consultants in two target countries, Sierra Leone and Zimbabwe.

This will facilitate procurement for forthcoming expected assignments. Terms of Reference for the specific assignments will be sent out at the appropriate time.

The EOI process is explained in more detail below. The deadline for this window is 28th April, 2017. Those who applied in the first round, need not re-apply.

  1. Background
    • FSDA – a pan-African financial market development agency

FSDA is a financial sector deepening trust (FSD). There are currently nine FSDs operating in Africa (in Ethiopia, Nigeria, Kenya, Tanzania, Rwanda, South Africa, Zambia, Mozambique and Uganda).

FSDA is non-profit company that promotes financial sector development across Sub-Saharan Africa. It is a catalyst for change, working with partners to build financial markets that are robust, efficient and above all inclusive. It uses funding, research and technical expertise to identify market failures, and strengthens the capacity of its partners to improve access to financial services and drive economic growth. It is FSDA’s belief that strong and responsive financial markets will be central to Africa’s emerging growth story and the prosperity of its people.

FSDA’s initial funding is from the UK’s Department for International Development (“DFID”).

  • The Role of Fragile States in FSDA’s Strategic Plan

FSDA is a financial market facilitator. As such, its work is rooted in the market facilitation or ‘M4P’ approach. Financial markets in FASA are distinctive. Compared to sub-Saharan Africa (SSA) counterparts, they are markedly less inclusive and efficient. In other words, they underperform in their potential to deliver key poverty-reducing benefits precisely where they are needed most, namely:

  • Access to services (‘finance for all’). The commercially viable availability, uptake and use of welfare enhancing financial services (formal and informal), especially by low income individuals and households. In FASA, a) the average level of adult financial exclusion is 82% compared to 71% – the SSA average, and 91% – the average for the highly fragile states of Burundi, CAR, Chad, DRC, Somalia and Sudan; and b) the average level of adult mobile money account access is 11.5%, compared to 11.5% – the SSA average, and 13.2% in the highly fragile states of Burundi, Chad, DRC, Somalia and Sudan.
  • Access to capital (‘finance for growth’). The commercially viable mobilisation and allocation of longer-term capital to underinvested but bankable enterprises and projects, especially those which produce developmental outcomes. In FASA, a) the average ease of access to credit ranking is 131 of 189 countries, while b) the average credit to GDP ratio is 16% compared to 48% in SSA.

While a lack of inclusion and efficiency are symptoms of financial market weakness in FASA, they are not the cause. Financial markets in general do not operate in a vacuum. In FASA, they are deeply influenced by broader, macro trends, such as: demographics, economics, geography, and fragility itself. They are also uniquely characterised by key cross-border or multi-country challenges, such as remittances and displaced populations.

For effective market development, FSDA must identify and address these underlying constraints or ‘market failures.’ This is typically achieved through county-specific programming, and in close partnership with key market players.

  •  FSDA’s requirements for technical support

FSDA requires technical support for its activities in FASA

These activities will involve identifying, commissioning and managing projects that enable financial markets to deliver both: a) access to financial services at the individual and household levels, but also, b) long-term finance to investment-ready companies and projects.

Working in collaboration with a wide range of partners will also be required e.g. consultants, consultancy firms, research and academic institutions, donors, financial institutions, development finance institutions (DFIs), government, business development services.

Excellent project management, entrepreneurial, change management, reporting and communication skills (written and verbal) skills are essential.

This call for EOIs aims to identify individual consultants or consulting firms with these skills and with whom FSDA can work as follows:

  • Country specialists

FSDA wishes to identify consultants who, by virtue of their location and prior experience, have deep and credible relationships in and understanding specific financial markets in FASA.

The successful consultant will have several years of in-country experience and strong but independent working relationships with financial sector policy makers, regulators and the private sector.

Priority countries for the purposes of this EOI are:

  • Zimbabwe, and
  • Sierra Leone
  1. Expressions of Interest

For this exercise, FSDA is inviting Expressions of Interest (EOIs) from suitably qualified individual consultants[2]or specialist firms in the areas specified in 2.3 above.

Your EOI, which must not exceed two sides of A4 (font size 11) in total (excluding annexes), should be sent to FSD Africa at info@fsdafrica.org under a subject line reading: “Expression of interest:  Specialists in Fragility Affected States in Africa’’ by 1200 (EAT) on Friday 28 April 2017.

Your EOI should contain:

  • Your name and a full CV
  • Your place of business
  • A list of your business proficient languages
  • A short writing sample
  • Your area of expertise (as per 2.3 above)
  • A short statement (maximum 1 side of A4) of why you believe you have the right qualifications to help FSDA in the stated area
  • A statement describing your availability, e.g.:
    • Preferred length of assignment
    • Willingness to travel
    • Availability in the next 12-18 months
  • Your current fee per day in GBP (applicable for at least 18 months)
  • Key conflicts of interest within your area of expertise
  • Any other information that you believe should be taken into account in the pre-qualification process

Please note – fully costed proposals and/or detailed work plans are not required at this stage. Cost estimates of travel, accommodation etc. are also not required. If you do not submit an EOI, this will not rule you out of participating in competitive bids in the future.

FSDA is committed to the principle of competitive tendering for value for money and because it welcomes innovative insights and is committed to building local consultancy markets. Only in exceptional circumstances will it sole source. For contracts of a certain size, however, FSDA’s procurement rules allow it to conduct a limited form of competition, whereby it will approach a shortlist of candidates who it believes are suitable to carry out the assignment. Pre-qualification through this EOI will ensure that consultants are considered for shortlisting in these circumstances (although this is not a guarantee that they will be short-listed).

  1. Contact

Questions or comments in respect of this request for Expressions of Interest should be directed to: Sheila Maingi at sheila@fsdafrica.org.

[1] FSDA will be guided by the DFID classification for FASA. It lists 26 FASA in SSA, including three countries that neighbour highly fragile countries: High fragility (8): Burundi, Central African Republic, Chad, Democratic Republic of Congo, Eritrea, Somalia, South Sudan, Sudan. Moderate fragility (8): Angola, Ethiopia, Guinea, Guinea-Bissau, Kenya, Mali, Nigeria, Zimbabwe. Low fragility (10): Cameroon, Congo, Cote d’Ivoire, Djibouti, Liberia, Madagascar, Mauritania, Niger, Sierra Leone, Uganda. Neighboring high fragility (3): Rwanda, Tanzania, Zambia

[2] Whether working through a corporate entity or directly as an individual

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