EOI NO. CMA/05/2009-2010
One of the principle mandates of the Authority is the development of the venture capital and private equity markets in Kenya.
In line with this, the Minister for Finance gazetted the Capital Markets Venture Capital Companies Regulations on September 21, 2007.
The purpose of venture capital and private equity is to meet the funding needs of entrepreneurial companies that do not have the size, assets and operating histories necessary to obtain capital from the money markets.
To encourage growth of venture capital and private equity markets in Kenya and thus deepen the local and regional capital and financial markets in general, the Authority seeks to engage a consultant to carry out research and produce a detailed report that highlights the challenges faced by impact investors looking to invest in early stage ICT ventures in East Africa.
Impact investors invest in ventures where the social impact is high but the financial returns are not sufficiently high to attract market rate private risk capital.
In so doing impact investors can fill an “equity gap” and generate significant social returns.
Further, the consultant is expected to provide substantive details of the sort of impact investing opportunities that exist but are currently falling into an “equity gap” and therefore going un-funded, and propose creative solutions that might overcome these challenges over the medium to long term.
The consultant is expected to present and discuss the findings to a task force composed of local and international impact investing experts.
Objectives of the Assignment
The main objective of this consultancy is to
One of the principle mandates of the Authority is the development of the venture capital and private equity markets in Kenya.
In line with this, the Minister for Finance gazetted the Capital Markets Venture Capital Companies Regulations on September 21, 2007.
The purpose of venture capital and private equity is to meet the funding needs of entrepreneurial companies that do not have the size, assets and operating histories necessary to obtain capital from the money markets.
To encourage growth of venture capital and private equity markets in Kenya and thus deepen the local and regional capital and financial markets in general, the Authority seeks to engage a consultant to carry out research and produce a detailed report that highlights the challenges faced by impact investors looking to invest in early stage ICT ventures in East Africa.
Impact investors invest in ventures where the social impact is high but the financial returns are not sufficiently high to attract market rate private risk capital.
In so doing impact investors can fill an “equity gap” and generate significant social returns.
Further, the consultant is expected to provide substantive details of the sort of impact investing opportunities that exist but are currently falling into an “equity gap” and therefore going un-funded, and propose creative solutions that might overcome these challenges over the medium to long term.
The consultant is expected to present and discuss the findings to a task force composed of local and international impact investing experts.
Objectives of the Assignment
The main objective of this consultancy is to
- identify the impediments to socially impactful technology investments in the region
- identify 10-15 possible technology investments that could be attractive to impact investors, and
- to develop tangible recommendations on steps that could be taken to overcome the existing obstacles to successful impact investing and venture capital in the East African ICT sector.
We believe the achievement of these objectives will go a long way in creating successful impact investing in East Africa’s various economic sectors.
Scope of Work
The consultant(s) will be expected to;
Scope of Work
The consultant(s) will be expected to;
- Report on the concept and process of undertaking impact investing research within the region;
- Determine the challenges faced by impact investors looking to invest in early stage ICT ventures in East Africa;
- Provide substantive details of the sort of impact investing opportunities that exist but are currently falling into an “equity gap” and therefore going unfunded;
- Propose creative solutions that might overcome these challenges over the medium to long term.
- Prepare, summarize and disseminate the findings along with clear implementation plan/ matrix with timeframes and discuss them with a panel of experts composed of both local and international professionals.
- Discuss the findings in a stakeholder’s forum and consider the various views for incorporation into the report and/ or implementation matrix.
The Capital markets Authority (CMA) now invites interested eligible individuals (or teams of individuals) to express their interest on the above assignment.
Interested persons must meet the following minimum criteria:-
Interested persons must meet the following minimum criteria:-
- Demonstrated ability and capacity to undertake the assignment. This should include relevant documentary evidence of past similar accomplishments with appropriate references including client list.
- Knowledge of the financial services sector with expertise in finance, business planning, and financial deal structuring
- Experience in facilitating complex meetings with senior level stakeholders for effective resolutions.
Interested persons should:
- Submit detailed individual profile
- Submit copies of Registration and Tax compliance certificates
- Provide physical address
Completed expression of interest documents in plain sealed envelopes clearly marked on top with the name of this consultancy should be addressed to:-
The Chief Executive,
Capital Markets Authority,
Ref: EOI for IIP
P.O Box 74800 – 00200,
Nairobi.
Tel: 254-20-2221910/22218691,
Fax: 254-020-342824
Email: corporate @ cma.or.ke
And must be deposited in the Tender Box clearly marked at the 5th floor, Kenya Reinsurance Plaza Building, Taifa Road, Nairobi so as to be received on or before 3 February, 2010 at 11.00 A.M
No comments:
Post a Comment