Qualified Business Advisory Services Providers to support enterprises with advisory services and assistance in securing financing for USAID’s Kenya Investment Mechanism

KIM is a USAID-funded activity that is designed to unlock $400 million in investment for key sectors of Kenya’s economy, including agriculture, and for regional trade and investment opportunities under the Prosper Africa initiative. KIM addresses constraints on both the supply and demand sides of investment transactions and is building a market system that will mobilize substantial capital from the public and private sectors. By building local partnerships among stakeholders in the financial system, KIM is stimulating the power of the private sector to accelerate Kenya’s journey to self-reliance. KIM addresses two principal market failures that have discouraged investors from financing important segments of the targeted sectors: (i) insufficient quality consulting services (financial, transaction advisory, strategy, and business performance); and (ii) limited scalability of financial products tailored to selected key sectors of the economy in the region.

KIM provides smart incentives and capacity building support to both business advisory services providers (BASPs) and financial institutions (FIs). These incentives are designed to create a sustainable ecosystem for businesses to access finance and investments needed to expand and grow. Business transactions are further supported by a diverse range of sustainable partnerships--with and among strategic businesses, institutions, government counterparts (county and national) and other development partners. These partnerships will lead to scaling and replicating creative approaches to unlock finance and investments, reduce risks of extending credit to the agriculture and energy sectors, and offer testing of innovative business models that can be scaled.

This tender seeks to subcontract BASPs under a Pay-for-Results incentive program that encourages deeper engagement in target sectors within Kenya and East Africa. Concurrently, KIM will lead policy reform efforts focused on removing barriers currently inhibiting large-scale investment into the aforementioned target sectors, thereby unlocking further investment opportunities. The two objectives of KIM will result in an investment platform that mobilizes substantial capital from the public and private sectors and builds partnerships among stakeholders in the financial ecosystem within Kenya, ultimately contributing to USAID’s overall goal of fostering broad-based, sustained, and inclusive economic growth in Kenya. Business Advisors for Women- or Youth-owned SMEs or Business Advisors operating in the following Kenyan counties are highly encouraged to apply: Homa Bay, Migori, Kisii, Kisumu, Siaya, Kakamega, Bungoma, Busia, Vihiga, Kitui, Makueni, Taita Taveta, Isiolo, Marsabit, Turkana, Garissa and Wajir.

This rolling Tender closes on August 31, 2021, at 11:59, Nairobi time (UTC +3). A virtual bidders’ information webinar will be held on April 15, 2021. Register by sending an email to us.kimprocurement@thepalladiumgroup.com, with “BASP ROLLING TENDER WEBINAR” in the subject line. Questions may be submitted to the same email address.

You are encouraged to submit your application proposals anytime within the open period. Evaluation of Tender submissions will be conducted immediately upon receipt. A response will be communicated to each respondent within 10 days of submission and after each evaluation if they have been shortlisted for subcontracting.

Details

Kenya

Closing date:
31 August 2021