The Programme Investment Committee (PIC) of the Financial Sector Deepening Trust (Kenya), (the Trust) wishes to appoint a service provider to act as trustee for the Financial Sector Deepening Trust (Kenya) for a five year period commencing 1 January 2017. Currently funded by the UK Department for International Development (DFID), the Swedish International Development Agency (SIDA) and the Bill and Melinda Gates Foundation, the charitable purpose of the trust is to promote pro-poor financial services in Kenya. Trust programmes include work on long term policy and research; regulation; financial industry infrastructure; and innovation.
The Trustee is fully accountable under the Kenyan Trustee Act (Cap 167) for the discharge of the charitable trust. The powers and responsibilities of the Trustee are set out in the Trust Deed, the PIC constitution and the Trust Policies and Procedures. Although the Trustee is fully responsible for the strategic direction, financial management and fiduciary oversight, and operations of the Trust, it is mandated to seek technical guidance through a ‘no objection’ of the PIC comprising donor and independent members, and to implement the programme using the services of technical and financial managers. As a result the role of the trustees is primarily one of oversight, ensuring that the systems and processes necessary to ensure programmatic, operational and financial integrity are followed. The Trustee will appoint two of its employees to act as the registered trustees of the Trust; and will be expected to maintain good donor relationships.
FSD Africa (‘FSDA’) is inviting Expressions of Interest from consulting or advisory firms to manage an FSDA-funded challenge fund (‘Challenge Fund’) that will attract competitive proposals from financial service providers (FSPs) in sub-Saharan Africa (‘SSA’) aimed at increasing access to financial services on the African continent (the ‘Services’).
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 FSDA'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 FSDA 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.
The Capital Markets Authority of Kenya (‘CMA’) and FSD Africa (‘FSDA’) are inviting Expressions of Interest from consulting firms to support the establishment of a Project Management Office (‘PMO’) which will help design and coordinate a range of interventions to enhance Islamic finance markets in Kenya.
The Services will involve the supply of specialist consultant(s) into the CMA over at least a two year period to work closely with its management to review and implement the recommendations of a scoping exercise carried out in mid-2014 into how to build Islamic finance markets in Kenya. The PMO will be housed at the CMA and will lead coordination of a cross-financial sector programme which includes regulatory reform, the establishment of a National Shariah Supervisory Board, capacity building and awareness raising.