FSD Africa’s Financial Frontiers Challenge Fund
FSD Africa is inviting Expressions of Interest from consulting or advisory firms to manage an FSD Africa-funded challenge fund that will attract competitive proposals from financial service providers (FSPs) in sub-Saharan Africa aimed at increasing access to financial services on the African continent.
The Challenge Fund will provide FSPs with resources to allow them to carry out a diagnostic of their core capabilities and capacity building needs; and develop quality change management proposals to implement value creation strategies at the finance frontier for FSD Africa’s further consideration and possible funding.
Proposals for funding will be from FSPs themselves but working in collaboration with named consultants or advisory firms which will carry out the diagnostic work. Thus, while FSPs will be the grantees of awards made under the Challenge Fund, consultants and advisory firms will benefit from this funding to a major extent.
The most compelling proposals would qualify for FSD Africa support for technical assistance and grant funding that would support the FSPs towards building capacity and managing the change process as they implement their financial inclusion strategies.
If successful in the shortlisting process, your firm will be invited to put forward a full proposal for the management of the challenge fund.
For more details, please view the full call for Expressions of Interest document.