Request for Proposal (RFP) at Ecobank Transnational Incorporated (ETI)

Applications are invited for:

Title: Request Proposal (RFP) - Selection of Consultant to Support the implementation of the Sustainable Finance Framework

In June 2021, ETI issued an USD 350mln Tier II Sustainability Bond. FMO participated as an anchor investor. The Bond enables ETI to provide funding for the bank to build up a portfolio of Sustainable (social and green) assets marking their entry in sustainable finance. This Terms of Reference is developed to select a Consultant that will collaborate with ETI to support the implementation of the Sustainable Finance Framework allowing for a successful allocation of the Bond’s use of proceeds.

With the Bond issuance, ETI has committed itself to allocate an amount at least equivalent to the net proceeds of the Bond to finance and/or re-finance, in whole or in part, green and/or social projects which meet the eligibility criteria of the defined Eligible Green and/or Social Project categories. This is the key objective that lies under the consultancy assignment.

The objective for the Consultant is to support ETI in implementing the Sustainable Finance Framework. This framework has been developed and is published on ETI’s website (https://ecobank.com/group/sustainability) .The bank has commenced with the implementation. Therefore, more specifically, the task of the Consultant will be with to review, identify gaps and fill the gaps in all the areas outlined in the framework. Based on the review, the Consultant will develop an Implementation Plan which will a.o. cover elements related to i) capacity and training, ii) external verification and iii) reporting of allocation and impact metrics.

After consultation and in agreement with ETI, the Consultant will start with executing the steps designed in the Implementation Plan following clear timelines, deliverables, and deadlines. The timeline will take into account that the total amount raised via the Bond needs to be fully allocated within two years from the date of issuance.

Scope of Work

The scope of work entails the independent review and gap analysis between the requirements and processes outlined in the Sustainable Finance Framework and the practice currently executed at ETI in order to support the allocation of an amount at least equivalent to the net proceeds of the Bond to finance and/or re-finance, in whole or in part,green and/or social projects which meet the eligibility criteria of the defined Eligible Green and/or Social Project categories.

This will include but not be limited to the following steps:

The assignment has to be carried out by a qualified team of independent international and local expert[s], with appropriate background in sustainable finance, experience in banking and preferably located (or with connections) in Africa (hereafter, the "Consultant"). The team should be able to demonstrate evidence of deep knowledge of sustainable bond’s processes and sustainable finance frameworks and understanding of the following sustainable finance principles:

8th January, 2022.

Proposals must be submitted in English or any other language specified in this RFP and must be received by email to: etisourcing@ecobank.com

N/B: Proposals must be submitted in PDF format and must be free from virus and corrupted files while making sure to indicate in the ‘’subject field "ETI/021/RFP/2021’’ .Please note the size of your attachments should not be more than 5MB per individual e-mail and no offer will be received in hard copy at our reception desk. Please note your "Technical" and "Financial" proposals shall be sent into two separate emails.

For more clarification on this RFP, please Click Here (PDF).