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The Africa Enterprise Challenge Fund
The AECF is a development institution which supports businesses to innovate, create jobs, leverage investments and markets to create resilience and sustainable incomes in rural and marginalized communities in Africa. Launched in 2008, the AECF has so far supported 268 companies in 26 countries in sub-Saharan Africa across 40 value chains in our focal sectors of agribusiness and renewable energy.
In delivering on the strategy, AECF, through the Investments Advisory Services (IAS) department provides value addition support to AECF investee companies in Africa to accelerate their business growth, sustainability and impact delivery. AECF works with the investee companies to identify both business capacity and capital gaps through conducting business diagnostics, prioritizing of capacity and capital needs and planning for delivery of services that will increase business performance, resilience and delivery of social impact. Based on the emerging priority needs of our investees, key advisory services have been categorized under strategy & strategic management; financial management; marketing, distribution & customer service; leadership and organization development; production and operations; integration of environmental and social management; and investment readiness & facilitation.
About the REACT SSA Program
The AECF renewable energy financing is US $166 million with US $61 million dedicated to REACT SSA, a program supporting the private sector in Sub-Saharan Africa to meet the energy needs of rural communities. About 510 million people in sub-Saharan Africa (SSA) currently have no access to electricity and will not get grid access in the foreseeable future, resulting in a steady increase in the number of people without electricity until at least 2025. The slow progress and high cost of conventional solutions to the household energy crisis means that cheaper and more accessible new clean technologies offer a better chance of improved access to energy for rural households in the foreseeable future. Over the last decade, clean energy technologies have become more economical than conventional generation for many applications, and the regulatory environment to facilitate their application has improved. Risk and market failures restrict innovation and prevent the development and use of successful business models and technologies.
The AECF’s engagement in the energy sector under REACT SSA (the “Program”) is designed to catalyze the private sector to increase supply of cleaner fuels, raise awareness of the dangers from indoor air pollution, demonstrate how new knowledge in renewable energy technologies can be put into practice in ways that benefit the poor especially women, provide evidence on challenges in policy formulation and implementation.
REACT SSA business technologies include:
The target countries are Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, Zimbabwe, Sudan and Somalia.
About the Assignment
Purpose of the Assignment
The purpose of this assignment (the “Assignment”) is to engage an institution (the “Specialist”) to prepare the REACT SSA investee companies to become investment ready. The Assignment will commence with an understanding and classification of the REACT SSA portfolio (the “Portfolio”), before progressing to provide the appropriate Investment Readiness interventions. The Specialist will work closely with the Investment Advisory Services (IAS) delivery team, to deliver on the Assignment.
Specific duties and responsibilities (the “Services”) of the Specialist
The Specialist will be expected to deliver on the following scope of the Assignment.
Phase 1: REACT SSA Portfolio Investment Readiness Categorization
Phase 2 – Delivery of Investment Readiness Interventions
b. Training delivery
3.3 Specific deliverables and timelines of the Services
The Assignment is expected to commence on 18th January 2021, with phase 1 ending by 31st March 2021, paving way for the immediate commencement of phase 2 whose commencement, duration, scope of assignment and other terms and conditions will be determined after the successful completion of phase 1 and successful negotiations with AECF.
· Regular progress reports, to AECF, as agreed
· AECF end of phase report
The payment breakdown below, will be milestone based, against the Assignment deliverables and will be made upon satisfactory signoff by AECF.
Execution of the contract based on cost of delivering phase 1
Satisfactory completion and delivery of the Investment Readiness Categorization Database, investee IR implementation plan and supporting report
Satisfactory completion and delivery of the final phase 1 report
Based on the cost of phase 2 and upon execution of the addendum, to the Assignment contract, refining delivery and cost of phase 2
Delivery and monitoring of the proposed intervention(s) and coaching of the same and ensuring reports as agreed
Satisfactory completion and delivery of final phase 2 report
Qualified institutional experts are invited to submit a proposal that includes the following:
Qualifications and experience
The minimum competencies and qualifications include:
Contracting and Reporting
The Assignment will be contracted holistically with an addendum to phase 2 incorporated once the finer details around phase 2 are agreed upon. Implementation of phase 2 will be subject to satisfactory completion of phase 1 as determined by AECF, and the successful confirmation of the capacity and capabilities of the Specialist to deliver on the identified IR interventions.
The Specialist will report to the Head, Investment Advisory Services.
An evaluation committee will be formed by the AECF and may include employees of the businesses to be supported. All members will be bound by the same standards of confidentiality. The Specialist should ensure that they fully respond to all criteria to be comprehensively evaluated.
The AECF may request and receive clarification from any Specialist when evaluating a proposal. The evaluation committee may invite some or all the Specialists to appear before the committee to clarify their proposals. In such event, the evaluation committee may consider such clarifications in evaluating proposals.
In deciding the final selection of qualified bidder, the technical quality of the proposal will be given a weighting of 70% based on the evaluation criteria. Only the financial proposal of those bidders who qualify technically will be opened. The financial proposal will be allocated a weighting of 30% and the proposals will be ranked in terms of total points scored.
The mandatory and desirable criteria against which proposals will be evaluated are identified in the table below.
Key Areas for Evaluation/ Assessment
(A) TECHNIAL PROPOSAL
i) An understanding of the consultancy requirements;
· Demonstrate an understanding of the Assignment
· An in-depth understanding of Investment Readiness, gap assessment and interventions that facilitate investee preparedness.
· Understanding Renewable Energy, PAYGo models and climate smart technology sub-sectors in sub-Saharan Africa will be added advantage.
ii) Methodology and work-plan that will deliver the best value on the Assignment:
· Demonstrate the strategy and capacity to deliver each of the task(s) within a realistic timeline, underpinned by value for money.**
· Strategy that demonstrates capability to deliver a large part of this Assignment virtually.
iv) Relevant services undertaken by the bidder in the past engagements:
· Demonstrate relevant experience and recent engagements with private sector companies in Investment Readiness. Experience in supporting companies in the Renewable Energy and Climate smart technologies sub-sectors in sub-Saharan Africa is added advantage.**
v) Detailed reference list indicating the scope and magnitude of similar assignments:
· Letters of reference from past customers or associates to the Specialist, clearly indicating the Investment Readiness support provided and the value and impact on the business supported.
(A) FINANCIAL PROPOSAL
· Clarity, relevance, reality to market value/ value for money of cost for the Assignment (inclusive of any applicable tax).
· Phase 2 financial proposal can be an indicative estimate guided by the proposed methodology Investment Readiness interventions.
The AECF is obliged by the Kenyan tax authorities to withhold taxes on service contract fees as well as ensure that VAT, is charged where applicable. Applicants are advised to ensure that they have a clear understanding of their tax position with regards to provisions of Kenya tax legislation when developing their proposals.
AECF reserves the right to determine the structure of the process, number of short-listed participants, the right to withdraw from the proposal process, the right to change this timetable at any time without notice and reserves the right to withdraw this tender at any time, without prior notice and without liability to compensate and/or reimburse any party.
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