Consultancy to Review Risk Based Supervision Manual and Provide Technical Staff Training
About This Opportunity
Request for Expression of Interest | Project: Supporting Access to Finance and Enterprise Recovery (SAFER) | Method: Individual Consultant Selection | Ref: SAFER/SASRA/C/21/2025-26
This is a consulting contract in the infrastructure, education and training and transport and logistics sectors. Located in Kenya, Africa, this opportunity is open to individual consultants. Proposals must be submitted before August 6, 2026.
Published through WB - World Bank, a multilateral development bank that follows standardized international procurement guidelines. Projects funded by multilateral institutions are generally open to international bidders from eligible member countries for consulting in the infrastructure sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.
Description
THE NATIONAL TREASURY
SUPPORTING ACCESS TO FINANCE AND ENTERPRISE RECOVERY (SAFER) PROJECT
CONSULTANCY TO REVIEW RISK BASED SUPERVISION MANUAL AND PROVIDE TECHNICAL STAFF TRAINING
REQUEST FOR EXPRESSIONS OF INTEREST
(INDIVIDUAL CONSULTANT)
Ref: SAFER/SASRA/IC/21/2025-26
Credit No. 7018-KE
Project ID No: P175017
The Government of Kenya (GoK) in conjunction with the World Bank is implementing a five-year Supporting Access to Finance & Enterprise Recovery (SAFER) Project whose overall development objective is to increase access to financial services, enhance the capabilities, and support the COVID-19 recovery of Micro, Small and Medium Enterprises (MSMEs) in Kenya. This objective will be achieved through: (i) Innovation and Liquidity Support to MSMEs; (ii) De-risking Lending to MSMEs; and (iii) Technical Assistance and Project Management. The SAFER Project intends to apply part of the proceeds for consulting services.
The consulting services (“the Services”) include: (a) Assessing the existing supervisory practices against the current Risk Based Supervision Manual, best practices and identify gaps; (b) Reviewing the Supervisory policy framework and current Risk Based Supervision Manual; (c) Training technical staff on revised Risk Based Supervisory Approach; (d) Arranging for Benchmarking studies and knowledge sharing visits for selected staff to countries that have best practices in supervision of MFIs and SACCOs; (e) Supporting in the offsite analysis and onsite inspections. The assignment is expected to take five (5) months.
The detailed Terms of Reference (TOR) for the assignment can be found at the following website www.treasury.go.ke/tenders.html; https://piu.treasury.go.ke/ or can be obtained at the address given below.
The National Treasury & Economic Planning (the Client), through its Project Implementation Unit, now invites eligible individual consultants to indicate their interest in providing the services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services. Consultants should provide their most recent profiles showing their experience, qualifications, capabilities, references and details of experience especially around their expertise, etc. The shortlisting requirements are: a) the consultant / resident advisor shall be an individual consultant who has experience gained from working for: a Sacco (credit union) regulatory agencies or Microfinance or commercial banking regulator in a senior technical capacity, with at least ten (10) years of experience in the implementation of Risk Based Supervision Framework; or a multilateral agency in a technical capacity and in which his/her duties have involved advising on Sacco (credit union) Banking or Microfinance sector reforms; Experience with credit union prudential regulation will be an added advantage; b) Should possess at least an undergraduate qualification in accounting, economics, law, banking and finance, or financial cooperative systems. A postgraduate qualification in a relevant field will be an added advantage; c) Professional qualifications in financial analysis, accounting, forensic accounting or regulation of financial institutions; d) Experience in implementing risk-based supervision techniques; e) Strong familiarity with current developments in regulatory and risk management supervision especially with respect to Saccos or Credit unions, microfinance and commercial banks in Africa; f) Conducted previous related assignments within the banking sector and/or financial services sector for regulatory or similar institutions. Recently completed assignments specifically on risk issues related to Saccos or Credit unions, microfinance institutions will be an added advantage; g) Exposure to training courses, seminars and conferences on risk-based supervision techniques; h) Experience in training in risk assessment in supervisory authorities and financial institutions; i) Basic awareness of the Kenyan Financial System and other Africa jurisdictions and j) Strong familiarity with Saccos or microfinance in emerging economies
The expression of interest is also open to interested firms who may wish to propose individual consultants. In such cases, only the experience and qualifications of the individuals proposed shall be considered in the selection process and not the firm’s corporate experience.
A consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers, July 2016, Revised September 2025, 7th edition which can be found at the following website: www.worldbank.org/procurement.
The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016, Revised September 2025, 7th edition (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
A Consultant will be selected in accordance with the Individual Consultant Selection method set out in the Procurement Regulations.
Further information can be obtained at the address below during office hours i.e. 0900 to 1700 hrs.
Expressions of Interest must be delivered in a written form to the address below either in person, by mail or by email:
Physical Address:
Project Implementation Unit
Attention: Procurement Specialist
7th Floor, Anniversary Towers, North Tower.
Building No.19 Monrovia Street/University Way
Nairobi, Kenya.
Telephone No: +254-20-2210271/4 E-mail: procurement.safer@piu.go.ke
Deadline for submission of Expressions of Interest is Thursday 6th August 2026 at 1600 hours Kenyan local time.
PROJECT COORDINATOR (SAFER)
FOR: PRINCIPAL SECRETARY/NATIONAL TREASURY
Data provenance
This notice is sourced from WB - World Bank and was originally published on July 22, 2026. Last refreshed today. Reference: OP00458373. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
Frequently asked questions about this tender
What type of contract is this?
This is a Consulting contract in the Infrastructure sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
Where will the contract be performed?
The contract is for delivery in Kenya. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit WB - World Bank to access the full notice, required documents, and submission instructions. Quote reference OP00458373 when communicating with the contracting authority.
When does this tender close?
The submission deadline is August 6, 2026. You have 8 days left to prepare and submit your proposal to the contracting authority.
Who is the contracting authority?
This notice was issued by Supporting Access to Finance and Enterprise Recovery (SAFER) in Kenya. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
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