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Trustee services — Financial Sector Deepening Trust

  Nairobi Kenya — Financial Sector Deepening Trust (Kenya)
Published December 17, 2016 — Deadline January 27, 2017 (a year ago)
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Notice type
Contract notice

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.


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Fact Sheet


Kenya-Nairobi: Financial and insurance services

2016/S 244-446781

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Financial Sector Deepening Trust (Kenya)
Box 11353
For the attention of: Richard Carter
00100 Nairobi
Kenya
E-mail: trusteeprocurement@fsdkenya.org

Internet address(es):

General address of the contracting authority: http://www.fsdkenya.org/new/opportunities.html

Further information can be obtained from: The above mentioned contact point(s)

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)

Tenders or requests to participate must be sent to: The above mentioned contact point(s)

I.2)Type of the contracting authority
Other: donor agency using frunds from EU member states (United Kingdom and the Government of Sweden)
I.3)Main activity
Other: international development
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting authority:
Trustee services — Financial Sector Deepening Trust.
II.1.2)Type of contract and location of works, place of delivery or of performance
Services
Main site or location of works, place of delivery or of performance: Nairobi, Kenya.
NUTS code
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
The notice involves a public contract
II.1.4)Information on framework agreement
II.1.5)Short description of the contract or purchase(s)
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.
II.1.6)Common procurement vocabulary (CPV)

66000000

II.1.7)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): no
II.1.8)Lots
This contract is divided into lots: no
II.1.9)Information about variants
Variants will be accepted: no
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:
II.2.2)Information about options
Options: no
II.2.3)Information about renewals
This contract is subject to renewal: yes
II.3)Duration of the contract or time limit for completion
Starting 1.4.2017. Completion 31.3.2022

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions
III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.2)Economic and financial ability
III.2.3)Technical capacity
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession
III.3.2)Staff responsible for the execution of the service

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure
Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria
IV.2.1)Award criteria
IV.2.2)Information about electronic auction
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:
IV.3.2)Previous publication(s) concerning the same contract
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
IV.3.4)Time limit for receipt of tenders or requests to participate
27.1.2017 - 12:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender
IV.3.8)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence
This is a recurrent procurement: no
VI.2)Information about European Union funds
The contract is related to a project and/or programme financed by European Union funds: yes
Reference to project(s) and/or programme(s): UK Department for International Development and the Government of Sweden.
VI.3)Additional information
Skills and competencies:
Applicants must demonstrate the following skills and experience:
— Demonstrated expertise in all aspects of financial and risk management, fiduciary oversight, and operational management.
— Demonstrated experience in managing donor or international development organisation programmes with a committed value of US$10 million or greater, including responsibility for grant management.
— At least one of the proposed trustees must be a qualified accountant, or a professional attorney or lawyer.
— Capacity to put in place professional indemnity insurance of 5 000 000 USD.
Expressions of interest (EoIs) are sought for the supply of services from qualified providers with a presence in Nairobi, accompanied by a short capability statement of no more than 4 A4 pages that will include (a) an itemised statement of compliance under each of the skills listed above; and (b) a half page CV for each of the proposed trustees. The total responses must be no more than 4 A4 pages.
VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals
VI.4.3)Service from which information about the lodging of appeals may be obtained
VI.5)Date of dispatch of this notice:
15.12.2016

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