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Design and Management of the Regulatory Sandbox Unit of the NBE and ECMA
Procurement Process :RFP - Request for proposal
Deadline :15-Aug-23 @ 06:00 AM (New York time)
Published on :28-Apr-23 @ 12:00 AM (New York time)
Development Area :OTHER  OTHER
Reference Number :UNDP-ETH-00064,2
Contact :FT or EW -

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Introduction :

Firm Level International Consultancy Service Design and Management of the Regulatory Sandbox Unit of the National Bank of Ethiopia and the Ethiopian Capital Market Authority

Project Title: Innovative and Inclusive Finance

Duty Station:  Addis Ababa

Type of Contract:  International Firm Level

Duration of the assignment: 12 Months

Expected period of the contract: October 2023 - September 2024

Dear Valued Service Providers

This RFP is revised as per amended ToR which is attached here with for further consideration while preparing your proposals.

To highlight the amendment areas are:

  • Duration of the assignment changed from 9 months to one year.
  • Number of financial products changed from 10 to 6.
  • Staff time of the team leader changed from part time to full time.
  • Section 7 a logistic note to clarify few issues and provide direction for the financial proposal is included.
Those service providers who have already submitted your proposal, kindly revise your proposals as per the attached revised ToR.



The Innovative Finance Lab is expected to play a strategic and catalytic role in curbing the challenges of financing using a three-pronged approach:

  • mobilizing capital to address the supply constraints through the Enterprise Financing Facility (EFF) – a USD 100 million investment fund, which deploys innovative financial products and services addressing the need of SMEs in Ethiopia.
  • matching with the EFF, the lab will provide capacity building towards development of investment ready projects through the Technical Assistance Facility (TAF) to harness the demand side gap and;
  • bridging the gap by advocating for policy and regulatory reforms of market-oriented innovative and digital financial solutions informed by evidence generated from piloting of innovative financial products and services through its regulatory sandbox unit.

The overall objective of this consultancy is to design and manage the Sandbox Unit (following successful approval of the design by the project team) for a period of one year as an integral part of the Innovation Finance Lab initiative. More specifically the assignment under this consultancy covers the following components:

  • Design of the sandbox framework: (including but not limited to procedural and organizational including comprehensive assessment of existing legal/regulatory framework, management, and governance of the sandbox, outlining the operation process, development of risk management framework)
  • Implementation and management of the sandbox, monitoring performance, impact measurement, exit plan and reporting

Details of each component is outlined in the ToR of the assignment attached here with.

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Amendment : Assignment amended with revised ToR.
Documents :
Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)