Market Assessment of Financial Services Tender in Somalia - 36912663

Procurement Summary

Country: Somalia

Summary: Market Assessment of Financial Services

Deadline: 10 Oct 2019

Posting Date: 09 Oct 2019

Other Information

Notice Type: Tender

TOT Ref.No.: 36912663

Document Ref. No.: 1264859

Competition: ICB

Financier: World Bank (WB)

Purchaser Ownership: -

Tender Value: Refer Document

CPV Classification

66150000 - Financial markets administration services

Purchaser's Detail

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Tender Details

Expression of Interest are invited for Market Assessment of Financial Services in Somaliland.
Expression of Interest Deadline
10-Oct-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
Language of Notice
English
Selection Notice
Assignment Country
· SO - Somalia
Funding Sources
The World Bank Group intends to finance the assignment/services under:
· BB - BANK BUDGET
· TF0A7135 - FIDEP - Somalia
Individual/Firm
The consultant will be a firm.
Assignment Description
SELECTION FOR FIRMS BY THE WORLD BANK GROUP
REQUEST FOR EXPRESSIONS OF INTEREST
Electronic Submissions through World Bank Group eConsultant2

https://wbgeconsult2.worldbank.org/wbgec/index.html
ASSIGNMENT OVERVIEW
Assignment Title: 1264859 - Market Assessment of Financial Services in Somaliland
Assignment Countries:

- Somaliland
ASSIGNMENT DESCRIPTION
The FIG Advisory Services team would like to hire a firm to carry out an opportunity sizing/mapping of the financial services sector, including banks, microfinance institutions, remittance/payment service providers, digital financial service (DFS) providers with an additional focus on identifying opportunities (such as digitalization) for stakeholders within value chains, product innovation and other opportunities for scaling up financial services. Access to broader financial tools enables people to grow small-scale businesses, expand agricultural production, plan for future household expenses, or cope with emergencies. This assignment aims to scope the market opportunity for MSME financing, agri-finance, leasing, and digital financial services, identify key players and potential partnerships and ascertain the norms and regulatory environment for financial services.
ELIGIBILITY
Eligibility restrictions apply:
Interested firms/consultants are expected to fulfill the following requirements:
(1) Demonstrated experience and an excellent prior track record in conducting financial service-related research projects of this nature (3-4) in Sub-Saharan Africa. A proven track record of assignments in Somaliland is a big plus. Demonstrated knowledge of Islamic finance.

(2) Solid track record of experience related to implementation of digital financial services strategies for financial institutions with a breadth of knowledge including, but not limited to: fintech, agents, merchants, credit scoring, risk management, product development, marketing, market research, DFS operations and regulatory aspects.

(3) In-depth understanding of country context: economy, financial sector and DFS sector.

(4) Strong networks in the country that would facilitate the primary and secondary research.

(5) Demonstrated excellent understanding of the assignment.

(6) A strong understanding of the design and delivery of market research projects in the area of conventional financial services and digital financial services. Demonstrated experience with qualitative research techniques as a firm/ consultant.

(7) The ability to work effectively and with high-quality toward tight deadlines and to deliver all deliverables in English is essential.

(8) Track-record of the firm/ consultants backstopping capabilities.

(9) Availability to work on the assignment starting November 2019.

(10) Local firms are strongly encouraged to submit proposals.

(11) Experience in working with development finance institutions (DFIs) and a range of key stakeholders including the private sector, government and international donors in Horn of Africa. Prior work for international institutions is an advantage.

(12) Ability to deploy Resident Advisors to Hargeisa.
INDIVIDUAL / FIRM PROFILE

The consultant will be a firm.
SUBMISSION REQUIREMENTS

The World Bank Group now invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.
Interested firms are hereby invited to submit expressions of interest.
Expressions of Interest should be submitted, in English, electronically through World Bank Group eConsultant2 (https://wbgeconsult2.worldbank.org/wbgec/index.html)
NOTES

Following this invitation for Expression of Interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.
Only those firms which have been shortlisted will receive notification. No debrief will be provided to firms which have not been shortlisted.
Attachments
· Optional TOR File
Qualification Criteria
· 1. Demonstrated experience and an excellent prior track record in conducting financial service-related research projects of this nature (3-4) in Sub-Saharan Africa *
· 2. Solid track record of experience related to implementation of digital financial services strategies for financial institutions *
· 3. In-depth understanding of country context *
· 4. Provide information on the qualifications of key staff *
· 5. Strong networks in the country that would facilitate the primary and secondary research
· 6. A strong understanding of the design and delivery of market research projects in the area of conventional financial services and digital financial services
· 7. The ability to work effectively and with high-quality toward tight deadlines and to deliver all deliverables in English is essential *
· 8. Availability to work on the assignment starting November 2019 *
· 9. Ability to deploy Resident Advisors to Hargeisa
* - Mandatory
Shortlisted consultants will be invited to respond to a Request for Proposal. Contract awards will be made in accordance with the World Bank Group Procurement Policies and Procedures.

Documents

 Tender Notice