Proposals for Business Development Fund Manager Services for Enterprise Partners (EP)

Other Services

Enterprise Partners (EP) is a wealth-creation programme under DFlD-funded Private Enterprise Program Ethiopia (PEPE), which aims to stimulate investment in the private sector and in doing so create jobs and increase household income As Ethiopia grows towards middle-income status, EP’s emphasis is to enhance the productivity and competitiveness of the private sector while improving the performance of the financial sector. EP, critically, works towards a growth that is inclusive of women and the environment, in line with the government's plans- PEPE, which runs from 2013-2020, is a programme implemented, in part, by a DAl-Europe led consortium for Enterprise Partners which includes First Consult, ITAD, include and BcaD. Tendersontime, a leading business information provider is the first agency to report this notification.

EP is soliciting proposals from all qualified Partner Banks who wish to be considered as a fund manager to provide investment management service for business development loan to local companies as described in Section 3 - Scope of Services. It is recognized that many Ethiopian firms, mainly family owned businesses, do have the ambition and the potential for growth but need access to finance. However, there is recognition that access to finance is hindered by demand-side deficiencies, compromising supply-side capital flow. Small medium enterprises (SMES) are unable to meet the minimum requirement to attract particularly foreign external equity capital. EP is looking to partner with a local Bank to improve the general operation of SMEs by focusing on improvement of intangible assets and operational inefficiencies in order to increase enterprise value, return on asset and/or return on equity in short-to-medium term- It is also to support the investment process SMEs undergo to obtain equity capital. For purposes of this proposal, the fund is assumed to be liquid and can be transferred immediately.

EP would make available £1m in grant to a Partner Bank to establish a business development fund (BDIF) for Ethiopia-specific transformational value-creation effort The fund is to be used as a catalyst to overcome some of the developmental challenges that hinder local businesses from obtaining external equity capital from institutional investors- The Partner Bank makes available £2.5m in equivalent local currency (ETB) to be utilized by the same BDF borrowers deployed as a commercial loan under the Bank's own commercial terms and guideline this loan fund will be separately managed by the Partner Banks Commercial Loan Division.

All inquiries and requests for additional information regarding this RFP must be submitted by e-mail to the contact below no later than due date out fined in this RFP, EP resents the right to judge should any questions be answered in writing and copies will be e-mailed.

All proposals must be emailed no later than February 07, 2016 at 3:00 pm to proposal proposals@enterprisepartners.org. Each Respondent must also submit one electronic copy of the Respondent's proposal n CD/CD-ROM, including the transmittal letter and other related Documentation. All interested potential applicants will request he TOR through proposalQeIterprisepartriersorg Any proposal emailed after the above date and time will not be considered.

Tendersontime, the world?s largest aggregator of Tenders and Projects information, would like to inform all interested firms, joint ventures and companies who participate in such projects, to use this opportunity and expand their business.

For more details please contact: info@tendersontime.com or register on the website: http://www.tendersontime.com/register.php