Strategic Plan for the National Payment System (NPS) for CBS

Somalia productive, resilient, and inclusive growth (SPRING) project

Published: Jul 20, 2026

Updated: Jul 22, 2026

Source: world_bank

About This Opportunity

Request for Expression of Interest | Project: Somalia productive, resilient, and inclusive growth (SPRING) project | Method: Quality And Cost-Based Selection | Ref: SO-MOF-543502-CS-QCBS

This is a consulting contract in the finance and banking and information and communication technology sectors, with a focus on Cybersecurity, Digital Identity, Banking and Investment. Located in Somalia, Federal Republic of, Asia, this opportunity is open to firms and consortiums. Proposals must be submitted before August 8, 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 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. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

**Project:** Somalia productive, resilient, and inclusive growth (SPRING) project

FEDERAL GOVERNMENT OF SOMALIA

The Ministry of Finance

REQUEST FOR EXPRESSION OF INTEREST (REOI)

Country:	Federal Government of Somalia (FGS)
Name of the Project:	Somalia Productive, Resilient and Inclusive Growth Project (SPRING),
Assignment Title:	Consultancy service to conduct Strategic Plan for National Payment System (NPS) – Somalia
Project ID:	P501662
Deadline for submission of EOI	8th August 2026 4:00pm
Individual/Firm:	firm Selection
Ref No. SO-MOF-543502-CS-QCBS 1. Background: In May 2025, the Federal Republic of Somalia, through its Ministry of Finance (MoF) launched the Somalia Productive, Resilient, and Inclusive Growth (SPRING) project. The project development objective is to promote private sector-led growth and job creation by improving the business-enabling environment, strengthening the financial system, and enhancing access to finance. The SPRING project is organized around four components (three mutually reinforcing and one supporting): (i) Component 1: Improving the enabling environment for the private sector; (ii) Component 2: Deepening financial sector reforms and strengthening institutional capacity; (iii) Component 3: Enhancing access to finance and resilience for MSMEs; and (iv) Component 4: Project Management. A wide range of activities will be implemented as part of this project to reach its development objective, such as improvements to regulatory/institutional frameworks, the rollout of the digital ID system, financial sector reforms, the creation of a risk-sharing mechanism, and the provision of business development services for micro, small and medium enterprises in select economic sectors, among others. The MoF received US$105 million from the World Bank, including US$10 million from the Somalia Multi-Partner Fund to implement the SPRING project. As part of this initiative Deepening financial sector reforms and strengthening institutional capacity, MoF intends to apply part of the proceeds from the World Bank to finance the Consultancy Service to conduct Strategic Plan National Payment System (NPS) – Somalia. (firm) 2. Responsibilities: The purpose of this assignment is to engage a qualified consulting firm (“Consultant”) to Develop a five-year strategic roadmap for modernizing Somalia’s NPS.: Strengthen DPI to enhance interoperability, accessibility, inclusiveness, and resilience: Align the NPS with BIS PFMIs, ISO 20022, and other global benchmarks: Support regional integration through harmonization with EAC and other frameworks: Incorporate innovations such as instant payments, open APIs, digital identity, and advanced risk management: Improve safety, efficiency, and robustness of the payment ecosystem: Provide actionable recommendations on governance, risk management, operations, and regulatory compliance. All other specific tasks detailed in the Terms of Reference (TOR) for the assignment can be found at the following website link: https://centralbank.gov.so/wp-content/uploads/2026/07/TOR_NPS_Strategic_Roadmap_Consultant_Firm_Somalia-1.pdf

3. Duration: The firm is expected to complete the proposed assignment within 12 Months.

4. The Ministry of Finance invites eligible consulting firms (“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 (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). The shortlisting criteria are as follows:

I. Core business of the firm at least 10 years' experience in payment systems, financial sector reforms, or Digital Public Infrastructure (DPI).
II. Specific experience in successfully implementing similar assignments. (Proven track record of previous similar experiences of successfully completing at least one (preferably two) assignment involving the development of National Payment System strategies, payment system modernization roadmaps, or similar financial market infrastructure strategies for central banks, financial regulators, or equivalent institutions) Proven expertise in BIS PFMIs, ISO 20022, instant payments, interoperability, financial inclusion, cybersecurity, and payment system governance. The Consultant shall provide the name and contact address of the Client (office and e-mail address and telephone number), date(s) of execution, name (s) of lead and associate firms, contract amount, and financing sources.
III. Experience of relevant services in an environment similar to that of Somalia and
IV. Technical and managerial organization of the firm (provide only the structure of the organization). Do not provide CVs of key staff. Key experts will not be evaluated at the shortlisting stage.
5. The attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Projects Financing Goods, Works, Non-Consulting and Consulting Services dated in September 2023 (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.
6. Consultants may associate with other firms to enhance their qualifications but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected
7. A Consultant will be selected under the Quality and Cost-Based Selection (QCBS) method set out in the Procurement Regulations.
8. Interested Consultants may obtain further information (in person or by e-mail) at the address below during office hours from 8.00 a.m. - 4.00 p.m. Saturday to Thursday except on public holidays.
9. Deadline for submission: Expressions of interest should be delivered in a written form to the address below (in person, or by e-mail) by 8th August 2026 4:00pm

Attention; Project Coordinator

SCALED-UP Project

Ministry of Finance

Federal Government of Somalia

Shangani District, Mogadishu, Somalia

Email Address: bid.scaledup@piu.mof.gov.so

Cc: Procurement@centralbank.gov.so

Data provenance

This notice is sourced from WB - World Bank and was originally published on July 20, 2026. Last refreshed today. Reference: OP00457835. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About Somalia productive, resilient, and inclusive growth (SPRING) project

Somalia productive, resilient, and inclusive growth (SPRING) project has issued 17 procurement notices on BidsFactory, including 1 currently open and 5 awarded contracts. Activity concentrates in Transport & Logistics, Education & Training, and Infrastructure. Notices are distributed via WB - World Bank. Most recent publication: July 20, 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 OP00457835 when communicating with the contracting authority.

When does this tender close?

The submission deadline is August 8, 2026. You have 17 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by Somalia productive, resilient, and inclusive growth (SPRING) project in Somalia, Federal Republic of. 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.

Where will the contract be performed?

The contract is for delivery in Somalia, Federal Republic of. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.