Feasibility Study for Blended Finance Green Investment Funds

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Tender Organisation:

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

Tender Sector:

IT-Software Tenders

Tender Service:

Worldwide

Tender Region:

African

Tender Country:

Kenya

Tender CPV:

79314000 : Feasibility study

Tender Document Type:

Tender Notice

Tender Description:

Expression of Interest are invited for Feasibility Study for Blended Finance Green Investment Funds in Kenya. · Issue Date and Time: Jun 29, 2023 19:35 · Closing Date and Time: Jul 06, 2023 23:59 The World Bank Group is Seeking a Consulting Firm (“Consultant”) to Conduct a Feasibility Study for the Establishment of a Blended Finance (Green) Funds in Kenya. Kenya’S Small and Medium-Sized Enterprise (Sme) Sector is Projected to Contribute 50 Percent of Kenya’S Gross Domestic Product (Gdp) Growth in the Next Three Years. Smes are Also Integral to Addressing Climate Change since They Make up Most of the Private Sector in Kenya. Smes can Thus Play an Important Role in Mitigating and Adapting to the Effects of Climate Change;[1] but Their Growth and Contribution to Kenya’S Economy and Climate Change Goals are Stifled by Their Lack of Access to Finance. Even Though Smes are not Responsible for the Large-Scale; Low-Carbon Infrastructure that Larger Firms can Support; They Still have a Significant Potential for Helping Mitigate and Adapt to Climate Change. Smes Cannot do this on Their Own; And Estimates Predict that about 75 Percent of Financing for Climate Investments will Come from the Private Sector. Smes’ Small Size; Limited Experience; And Lack of Collateral; In Addition to the Pace and Size of Development of Local Financial Markets; Mean that Private Finance can be Unaffordable or Inaccessible . Kenya’S Domestic Financial Sector is Dominated by Banks and is Still Relatively Small in Comparison to the Capital Needs to Support Sme Growth. The Kenyan Financial Sector is Dominated by Commercial Banks; Which Constitute 65 Percent of the Financial Sector Assets. Financial Products to this Segment are Concentrated in Short-Term Loan Products with an Average Maturity Ranging from 1.5 Years for Micro Firms to 3.3 Years and 3.7 Years for the Smes; Respectively. Within the Lending Landscape; Medium Enterprises are Particularly Underserved. There are Opportunities to Further Increase Access to Finance for Smes; Mobilize Long-Term Capital to Support Smes and Climate Change in Kenya. Financing. Kenya’S Pf Community has Set up the Kenyan Pension Fund and Investment Consortium (Kepfic) to Bring Together Pf to Invest in Alternative Assets Such as Infrastructure; Housing and Esg Assets. Kenyan Pf Investment Guidelines[2] are Robust; Providing Avenue to Divest into a Diverse Set of Sectors and Instruments; Kenyan Pfs can Invest up to 10 Percent of Their Portfolios in Private Equity (Pe) and Venture Capital Funds Licensed by the Capital Markets Authority. However; Pe Investment in Kenya Currently Flows into a Diverse Set of Sectors. Given the Erstwhile Focus on Conventional Sectors and Firms and Larger Firms; There may be Untapped Opportunities to Leverage Private Equity to Drive Green Investments; Especially for Medium-Size Firms. The Wbg Reserves the Right to Publicly Disclose Contract Award Information, including but not Limited to, Name of Company Receiving the Award, Brief Description of Services, and Contract Award Amount, for Any Contract Award Valued over Us$250,000. Offeror's Proposal and Contractual Documents will Remain Confidential and Therefore not Subject to Disclosure.

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