CONSULTANCY FOR THE DEVELOPMENT OF SACCO SOCIETIES’ SHARED SERVICES POLICY AND LEGAL FRAMEWORK
REQUEST FOR EXPRESSIONS OF INTEREST
(INDIVIDUAL CONSULTANT)
FSSP/PIU/SASRA/31/2017-18
Credit No: 5627 KE
Project ID No: P 151816
1. The Government of Kenya (GoK) has received financing from the World Bank towards the cost of the Financial Sector Support Project (FSSP) whose overall development objective is to strengthen the legal, regulatory and institutional environment for improved financial stability, access to and provision of, affordable and long term financing. It is intended that part of the proceeds of this credit be applied to eligible payments under the contracts for the Development of SACCO Societies’ Shared Services Policy and Legal Framework to be implemented over a period of six (6) months.
2. Objective of the Assignment
To determine the feasibility and viability of establishing and operationalizing SACCO shared services model in Kenya including a technical review of the legal, regulatory and institutional framework for the DT-SACCO Societies and any qualifying non-DT-SACCOs.
3. Scope of the Work
The scope of work of the assignment will cover, but is not limited to, the tasks described below:
- Undertake a situational analysis of the operations of DT SACCO Societies in Kenya with respect to shared services;
- Identify and recommend practical, viable and feasible model of shared services;
- Provide compatibility assessment of the shared services model with prevailing local socio-economic and legal circumstances;
- Identify services that could potentially be offered under the Shared services model;
- Undertake quantitative and qualitative analysis of international best practices, experiences and benchmarks in other jurisdictions on viable shared service models;
- Provide an assessment of the structural features of shared services in the explored jurisdictions;
- Facilitate a benchmark visit to at least one international jurisdiction with a shared services legal and regulatory framework for Credit Unions;
- Undertake and document an in-depth review of the prevailing national policies and legislations with direct or indirect impacts on the operations of SACCO shared services models in Kenya;
- Draft policy, legal, regulatory and institutional framework, best suitable for the implementation of the proposed shared services model; including facilitating at stakeholder participation and engagements
4. The National Treasury (the Client) through its Project Implementation Unit (PIU) now invites eligible individual consultants to express their interest in providing the services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the services. Consultants should provide their most recent profiles showing their experience, qualifications, capabilities, references and details of experience especially in the area of their expertise etc. The shortlisting criteria are; (a) At least an undergraduate qualification in Law, Policy, Accounting, banking or finance, or financial cooperative systems, Postgraduate qualification in a relevant field will be an added advantage; (b) At least 10 (ten) years in a financial sector regulator, multilateral agency involved in financial sector policy and legal reforms, financial conglomerate, audit firm or in an academic institution engaged in financial sector research, experience with credit union prudential regulation will be an added advantage; (c) At least five (5) years of demonstrable experience in developing and implementing Policy, Legal, Regulatory and Institutional Framework for a bank, microfinance or SACCOs/credit union regulatory agencies; (d) Familiarity with current developments in financial sector policy, legal and regulatory environment in Africa, and specifically Kenya; especially with respect to key policy and regulatory challenges facing SACCO Societies, microfinance and commercial banks; (e) Familiarity with the DT-SACCO or Credit Unions systems in emerging economies; (g) Recently completed assignments specifically on the design of new financial policy, legal, institutional and regulatory frameworks, particularly for Credit Unions/SACCOs will be a key added advantage.
5. The expression of interest is also open to interested firms who may wish to propose individual consultants. In such cases, only the experience and qualifications of the individuals proposed shall be taken into account in the selection process and not the firm’s corporate experience.
6. The attention of interested Consultants is drawn to paragraph 1.9 of the World Bank’s Guidelines: Selection and Employment of Consultants [under IBRD Loans and IDA Credits & Grants] by World Bank Borrowers published in January 2011and revised in July 2014(“Consultant Guidelines”), setting forth the World Bank’s policy on conflict of interest.
7. Interested eligible individuals may obtain further information at the address given below during office hours between 0900 to 1700 hours, Monday – Friday inclusive, exclusive of public holidays, before the deadline for the submission of Expressions of Interest.
8. A Consultant will be selected in accordance with Selection of Individual Consultant method set out in the Consultants Guidelines.
9. Expressions of Interest must be delivered in a written form in plain sealed envelopes with consultancy reference and name clearly marked on top in person, by mail or by email to the address shown below or placed in the tender box at our offices on the 7th floor, Anniversary Towers, North Tower.
Postal Address:
Project Implementation Unit
Attention: Procurement Specialist
P.O Box 21190 –00100
Nairobi, Kenya. Telephone No: +254-20-2210271/4
Physical Address:
Project Implementation Unit
Attention: Procurement Specialist
7th Floor, Anniversary Towers, North Tower.
Building No.19 Monrovia Street/University Way
Nairobi, Kenya
E-mail: procurement.ifppp@piu.go.ke; info.ifppp@piu.go.ke
10. Deadline for submission of Expressions of Interest is Monday 4th June 2018 at 1600 hours Kenyan local time.