Recruitment of the Lead Insurer or insurers of the Backstop Insurance Policy for the Bridge Lending Windows (BLW)
About This Opportunity
Contract Award | Project: Access to Finance for Recovery and Resilience Project | Method: Request for Bids | Ref: RW-BRD-532879-NC-RFB
This is a consulting contract in the finance and banking sector, with a focus on Insurance. Located in Rwanda, Africa, this opportunity is open to firms and consortiums.
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 finance and banking 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. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
Contract Award
Project:P175273-Access to Finance for Recovery and Resilience Project
Loan/Credit/TF Info:IDA-69260
Bid/Contract Reference No:RW-BRD-532879-NC-RFB
Procurement Method:RFB-Request for Bids
Scope of Contract:Provision of the Backstop Insurance Policy for the Bridge Lending Windows (BLW).
Notice Version No:0
(YYYY/MM/DD)
2026/10/20
12 Month(s)
Tel : +250788381844 Email : info@mayfair.co.rw
Country: Rwanda
RWF
Evaluated Bid Price
RWF 1200971898
RWF 1200971898
Form Date: 17-JUN-26
| Name | Nationality | Residence Country | Conditions Met |
|---|---|---|---|
| MAYFAIR INSURANCE COMPANY LTD MAYFAIR INSURANCE COMPANY LTD | KE | Kenya | Directly or indirectly holding 25% or more of the shares |
| BENJAMIN MATHIAS RUGANGAZI | RW | Rwanda | Directly or indirectly holding 25 % or more of the Voting Rights, Directly or indirectly having the right to appoint a majority of the board of the directors or an equivalent |
| VINAY HARGOVIND GORAJIA | US | Rwanda | Directly or indirectly having the right to appoint a majority of the board of the directors or an equivalent |
Tel: +250 783672462 or +250 788276669 Email: info@radiantyacu.rw
Country: Rwanda
RWF
Evaluated Bid Price
RWF 2041652226
Data provenance
This notice is sourced from WB - World Bank and was originally published on November 6, 2026. Last refreshed today. Reference: OP00479950. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Access to Finance for Recovery and Resilience Project
Access to Finance for Recovery and Resilience Project has issued 5 procurement notices on BidsFactory, including 0 currently open and 4 awarded contracts. Activity concentrates in Finance & Banking, Infrastructure, and Education & Training. All notices are published for Rwanda. Notices are distributed via WB - World Bank. Most recent publication: November 6, 2026.
Frequently asked questions about this tender
How can I submit a bid?
Visit WB - World Bank to access the full notice, required documents, and submission instructions. Quote reference OP00479950 when communicating with the contracting authority.
Is this tender still open?
No — the contract has already been awarded to MAYFAIR INSURANCE COMPANY RWANDA LTD. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by Access to Finance for Recovery and Resilience Project in Rwanda. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Consulting contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
MAYFAIR INSURANCE COMPANY RWANDA LTD was awarded the contract for €1,200,971,898. The figure reflects the value disclosed by the contracting authority in the award notice.
Where will the contract be performed?
The contract is for delivery in Rwanda. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
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