MINISTRY OF INVESTMENTS, TRADE AND INDUSTRY TENDER MARCH 2025
STATE DEPARTMENT FOR INVESTMENT PROMOTION (SDIP)
WORLD BANK KENYA JOBS AND ECONOMIC TRANSFORMATION (KJET) PROJECT
REQUEST FOR EXPRESION OF INTEREST (REOI) ADVERTISEMENT
SELECTION OF AN INDIVIDUAL CONSULTANT/EXPERT OPEN, NATIONAL PROCUREMENT
| Loan No./Credit No./Grant No. | 7450-KE |
| Project ID | P179381 |
BACKGROUND
The Government’s Bottom-up Economic Transformation Agenda (BETA) has placed significant focus on the Micro, Small and
Medium Enterprises (MSME) Sector by prioritizing financial inclusion for MSMEs, value chain approach to MSME products
as well as sustainable job creation through the sector.
In this endeavor, the Government of Kenya (GOK), with the support of World Bank, is implementing the Kenya Jobs and
Economic Transformation (KJET) Project, a significant initiative aimed at addressing key constraints within government and
market systems that hinder the creation of high-quality jobs and the adoption of environ- mentally sustainable practices by
Micro, Small, and Medium Enterprises (MSMEs).
The Project’s objective is to address gaps and market failures that prevent high quality job creation and adoption of green
practices by Micro Medium and Small Enterprises (MSMEs), including burdensome and costly regulatory frameworks,
inadequate Foreign Direct Investment (FDI) promotion, coordinating failures between buyers and suppliers, information
asymmetries with respect to capabilities and market requirements, as well as externalities related to climate change.
Its first component Strengthening Business and Investment Enabling Reform will address prioritized Business Regulatory
and Investment Policy and Promotion reforms to support private sector growth, through a combination of diagnostics,
legal and regulatory reforms, institutional capacity development, and integration of a One Start One Stop (OSOS) digital
platform. Throughout implementation, special focus will be given to regulatory constraints faced by exporters and priorities
for attracting export oriented Foreign Direct Investment (FDI)
The third component Scaling Up Green Financing and Strengthening Climatic Resilience for SMEs is aimed at mobilizing
green private capital to support adoption of green technologies through setting up an agile, patient financing structure to
crowd in private capital, especially by medium businesses. It will further pilot an innovative instrument to support SMEs in
managing compound climatic shocks. The flagship of this component is the Green Investment Fund (GIF), an Alternative
Investment Vehicle, providing risk-adjusted, long-term, patient capital, including equity and mezzanine financing to climate
resilient SMEs in Kenya and the greater East African Community. Investment focus sectors will be Cleaner Energy and
Material Efficiency and Environmental Resources with priority in Transport (electric vehicles), Building Efficiency, Sustainable
Agriculture and Waste Management. It targets to create 45,000 jobs to Kenyans, including at least 6,800 for women through
new or improved job opportunities.
Both components will be anchored within the State Department of Investment Promotion (SDIP) and implemented
under the Ministry of Investments, Trade and Industry (MITI)
The Ministry of Investments Trade and Industry (State Department for Investment Promotion (SDIP) now invites eligible
individual experts/consultants to indicate their interest in providing technical services to Kenya Development
Corporation (KDC) towards implementation of Component 3 of the World Bank KJET Project.
The consulting services in summary include:
1.Green and Climate Finance Expert
(i) Technical support to KDC to build capacity on all aspects of the green economy eco-system including green financing,
green taxonomy, carbon markets, green standards and procedures as it implements the KJET Project.
(ii) Guide KDC in identifying, developing and implementing green financing strategies and tailored products while
ensuring alignment with environmental sustainability goals, relevant regulatory frameworks and green finance
principles.
(iii) Support KDC in mobilizing international and domestic climate finance, building internal capacity and building
strategic partnerships to advance its green finance agenda.
2.Green Investment Fund (GIF) Expert
(i) Strategic, technical, regulatory compliance and operational guidance in setting up, licensing and managing the GIF.
(ii) Ensure the GIF is structured, capitalized and deployed optimally to attract investors and achieve its ultimate goal of
financing climate investments in Kenya.
(iii) Ensure a smooth and effective transition from planning, establishment, launch and execution of the GIF
Expressions of Interest are invited from suitably qualified individual KENYAN experts/consultants:
| S/No | SERVICES | NUMBER |
| 1 | Green and Climate Finance Expert | 1 |
| 2 | Green Investment Fund (GIF) Expert | 1 |
