BANK OF TANZANIA: REQUEST FOR EXPRESSIONS OF INTEREST - CONSULTANCY SERVICES FOR IMPLEMENTATION AND OPERATIONALIZATION OF A MICRO SAVINGS PRODUCT “M-AKIBA BONDS”

PRIVATE SECTOR COMPETITIVENESS PROJECT (PSCP) – ACCESS TO FINANCE COMPONENT

CREDIT NUMBER 41360-TA 

REQUEST FOR EXPRESSIONS OF INTEREST 

CONSULTANCY SERVICES FOR IMPLEMENTATION AND OPERATIONALIZATION OF A MICRO SAVINGS PRODUCT “M-AKIBA BONDS” 

1. This request for Expression of Interest follows the General Procurement 

Notice (GPN) of this project that appeared in the Development Business 

(UNDB), issue no. 10944 of July 3rd 2013. 

2. The Government of the United Republic of Tanzania has secured funds 

from International Development Association (IDA) towards the cost of the 

Private Sector Competitiveness Project (PSCP). It is intended that part of 

the proceeds of the funds be applied to cover eligible payments under 

the contract for implementation and operationalization of a micro savings 

product “M-Akiba Bonds” 

3. The Consulting firm is expected among others: to perform a feasibility 

study and offer feasible options, assess and prepare rules, regulations and 

procedures that will enable the operationalization of M-Akiba Bonds, and 

specifically, undertake the following key activities: 

 Perform a feasibility study and offer available feasible options 

 Assess and prepare functional and non-functional technical 

requirements for retail investor, intermediaries, operators and 

telecommunication;  Assess the existing legal and regulatory framework for securities, 

identify gaps that may act as barriers to ensuring a sound legal 

basis for M-Akiba operations, and propose and develop detailed 

policy, legal and regulatory amendments for M-Akiba operations; 

 Develop governing and operating rules and procedures; 

 Prepare a financial model for M-Akiba Bonds; 

 Recommend incentives to encourage wider participation; 

 Prepare M-Akiba operator licensing requirements; and 

 Perform a Gap analysis of DSE’s CSD and ATS systems and 

recommend additional technical assistance and development (if 

any) that will ensure implementation of M-Akiba Bonds. 

4. Bank of Tanzania (the Implementing Entity of the PSCP – Access to 

Finance Component) now invites eligible consulting firms to express their 

interest in providing the services. Interested consultants must submit their 

expression of interest in English language giving clear information on the 

legal status of the firm, their professional capability to perform the services. 

Such information may include description of assignment of the similar 

nature and complexity carried out during the past five years, Availability 

of appropriate qualifications and skills among staff, related works 

experience of the firm and of the available staff. 

5. A short list of consulting firms will be prepared on the basis of Expressions of 

Interest submitted to Bank of Tanzania in writing. The selection of a 

consultant will be in accordance with procedures set out by the World 

Bank Guidelines; Selection and Employment of Consultants by World Bank 

Borrowers, May 2004 revised October 2006; Consultants Qualifications 

(CQS) 

6. Interested consultants may obtain further information at the address given 

below between 8.30 hours and 16.30 hours, Monday – Friday inclusive, 

exclusive of public holidays, before the deadline for the submission of 

Expression of Interest. 

7. Expression of Interest must be delivered to the address below on or before 

Wednesday, 16th July 2014 at 11.00 hours local time. 

 8. Expressions of Interest in writing, with corporate capability statement 

should be sent to the following address:-

Postal: Secretary 

BOT Tender Board 

P.O. Box 2939, 

Dar es Salaam, Tanzania. 

Physical: 2nd Floor, South Tower, 

2 Mirambo Street, 

 11884 Dar es Salaam. 

E-mail: PMU@bot.go.tz 

Telephone No.: +255 22 2235194/5 

 Fax No.: +255 22 2234053 

Governor, 

Bank of Tanzania, 

2 Mirambo Street 

P.O.Box 2939, 

11884 Dar es Salaam, 

Tanzania.