Expression of Interest (EOI) - Procurement of an Individual Consultant to Conduct Comprehensive Feasibility Study at the African Union (AU)

Posted by Future on Wed 29th Dec, 2021 - nigeriantenders.com

The African Union invites reputable and interested individual consultant(S) to indicate interest by tendering EOI documents for the following works:

The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa. The AU was announced in the Sirte Declaration in Sirte, Libya, on 9 September 1999, calling for the establishment of the African Union.

Applications are invited for:

Title: Expression of Interest (EOI) - Individual Consultant for a Comprehensive Study on the Legal,Institutional and Financial Feasibility of Establishing an African Credit Rating Agency by the African Union

Preamble

In December 2020, The African Peer Review Mechanism (APRM) received financing from the European Union (EU) in support of a three-year project. This project takes place within the framework of the African Governance Architecture Support Project (AGA-SP), consistent with the Africa-EU Partnership 2020-2023. The overall objective of the project is to contribute to the achievement of Aspiration 3: ‘An Africa of good governance, respect for human rights, justice and the rule of law’ and Aspiration 6 ‘An Africa, whose development is people driven, relying on the potential of African people, especially its women, youth, and children in line with the African Union’s Agenda 2063.

Under this grant and project, the APRM hereby seeks to procure the services of an experienced financial risk expert to undertake a comprehensive study to assessment of legal, institutional, and financial feasibility of establishing an African Credit Rating Agency (ACRA) as an independent entity of the African Union.

Objective

The objective of the comprehensive study is to inform the African Union’s Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration and other policy organs of the African Union to make conclusions in determining the feasibility of establishing an African Credit Rating Agency (ACRA) as an independent entity of the African Union. This is part of the proposed mechanisms to support African countries in accessing affordable capital for development. The findings and recommendations of the study will facilitate policy and investment decisions regarding the most optimal arrangements and formulation for supporting Member States in the area of credit ratings.

The assignment will consist of the following three main aspects:

An assessment of the legal frameworks, instruments, and other legislative requirements for the proposed ACRA in Member States, at a regional and continental level;
Analysis of the institutional model for the ACRA, with a clear description of the roles of all potential parties that may be part of the institutional framework;
An analysis of the capitalization and other investments required to establish an ACRA as an entity of the African Union.

Qualification Requirements

The Consultant MUST have one of the following educational backgrounds, experience and skills and MUST attach the relevant certificates and Testimonials:

A PhD in Corporate Law, Public Policy, Economics, Finance, Risk Management, or related fields, with a minimum of five (5) years’ relevant professional experience and understanding of the AU systems, global capital markets, credit risk analysis and sovereign debt management OR;
A Master’s degree in Corporate Law, Economics, Finance, Risk Management, or related fields, with a minimum of seven (7) years’ relevant professional experience and understanding of the AU systems, global capital markets, credit risk analysis and sovereign debt management.
Expert level understanding of public policy, the APRM, and have strong understanding of regional and continental legal frameworks, instruments, and legislative environment.
Relevant Experience in conducting similar types of studies with governments and agencies.
Demonstrate proficiency in writing high standard policy research outputs, evidenced by previous examples of relevant work accomplished in the field.
Fluency in speaking English or French and ability to write lucid reports in English or French; knowledge of the other language will be an added advantage.

Application Closing Date

11:00am, 11th January, 2022.

Submission of Documents

Expressions of interest must be submitted online via email: tender@aprm-au.org

Submission to be titled: Procurement Number: APRM/14B/EU/LIFFCRA/ /2021 Individual Consultant For A Comprehensive Study On The Legal, Institutional And Financial Feasibility Of Establishing An African Credit Rating Agency By The African Union.

For more clarifications on this EOI, please Click Here (PDF).