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Partnership Strategy Consultant- Zambia FinTech 4U-Accelerator
|Advertised on behalf of :|
|Location :||Lusaka, ZAMBIA|
|Application Deadline :||12-Jun-20 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Duration of Initial Contract :||9 months|
|Expected Duration of Assignment :||9 months|
UNCDF is the UN’s capital investment agency for the world’s least developed countries. It creates new opportunities for poor people and their communities by increasing access to microfinance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives.
In 2019 UNCDF formulated its strategy ‘Leaving no one behind in the digital era’. The strategy is based on 10+ years of experience in digital finance in Africa, Asia and the Pacific. UNCDF recognizes that reaching the full potential of digital financial inclusion in support of the Sustainable Development Goals aligns with the vision of promoting inclusive digital economies. UNCDF aims to empower people through improved access and use of services that leverage innovation and technology and contribute to the Sustainable Development Goals.
In partnership with BongoHive, UNCDF in Zambia, is implementing a FINTECH4U programme with a focus on unlocking and demonstrating the potential of DFS and support the growth of the digital economy and increase access to financial services for all Zambians, to improve livelihoods.
The Zambia FinTech4U Accelerator Programme is a 3-month accelerator programme designed for entrepreneurs who have recently started a fintech or digital financial services business that has the potential to grow throughout Zambia and the regional market.
The programme is aimed at supporting 10 FinTech/SME’s to navigate the regulatory, licencing and compliance requirements with relevant regulators such as, Bank of Zambia (BOZ), Zambia Information and Communication Technology Authority (ZICTA), Securities Exchange Commission (SEC) in Lusaka, Zambia.
The FinTech4U accelerator programme also intends to create a FinTech regulatory play book through an iterative process with the various stakeholders covering regulation, financing, product development and partnership that can simplify start -up /FinTech journeys from start to scale.
BongoHive seeks to catalyse the growth of Zambian entrepreneurship, innovation and technology through support programmes, workshops and events.
While the Digital Economy ecosystem in Zambia is much more advanced than in some neighbouring countries, there are still several critical challenges preventing the acceleration of the growth of the Zambian Digital Economy to address the Real Economy issues everyday Zambians face. The main gaps are:
To address gaps within the Zambian Digital Economy and FinTech ecosystem, the UNCDF and BongoHive have partnered to create a platform for start-ups/entrepreneurs by bridging the gap between the regulators, technology platforms, financial service providers, and the market. The FinTech4U accelerator programme aims to achieve this by working with 10 Zambian FinTechs that offer innovative and effective digital financial products and services to all Zambians, especially those that are traditionally underserved or “left behind.”
UNCDF, having worked with various players in the DFS industry, has realised that FinTechs face various operational challenges which affect product development, testing and scaling of solutions. Whereas UNCDF has been involved in promoting digital payments, we realise that addressing the fundamental barriers that impact the growth of FinTechs has the potential to solve some of the other operational pain points that have affected the further adoption and usage of DFS in Zambia.
On the other hand, there are various actors e.g. regulators, established DFS providers, development partners, government bodies and donors who have various challenges, which have potential digital solutions. UNCDF and BongoHive will engage with various stakeholders in the Zambia start-up and innovation ecosystem to:
To achieve the set-out objectives, UNCDF seeks the services of an individual Partnerships Strategy consultant, to conduct a scoping and analysis of the needs of potential partners to BongoHive including, regulators, donors, public and private organizations. The analysis will contribute to the development of the various playbooks, designed to support the Zambian FinTech journey, and will also highlight the needs of potential partners.
Duties and Responsibilities
Scope of Work
Expected Outputs and Deliverables
The Partnerships Strategy consultant will report to the Country Digital Lead/ Project Manager - UNCDF, who will approve for the deliverables. The Partnerships Strategy consultant will provide weekly progress updates to the Project Manager – UNCDF and submit monthly progress reports. The monthly progress reports will be presented in the project management meetings, attended by the Country Digital Lead, BongoHive Directors, and project managers from UNCDF and BongoHive.
The Partnerships Strategy consultant is expected to liaise with the Country Digital Lead/ Project Manager at the UNCDF, and Executive Director at BongoHive.
Required Skills and Experience
Timeline, total number of working days, duty station:
The expected time to complete the assignment is 9 months and the expected date of full completion is February 2021. The estimated lead time for review of outputs is 10 days.
Location: Lusaka , Zambia
Standard travel costs and living expenses:
Progress Controls & Payments:
Payment will be made against satisfactory completion of each deliverable. All payments shall be disbursed only upon written confirmation of acceptance of the outputs and authorization for payment by the UNCDF Country lead.
Interested individuals must submit the documents mentioned below as proposals in order to demonstrate their qualifications.
All applications must contain the following information:
Step I: Desk review
Education 20 points
Mandatory experience 70 points
Preferable exprience 10 points
Total 100 points
Step II: Financial Evaluation: Only candidates with scores above 70 Points will be considered.
The following formula will be used to evaluate financial proposal: lowest priced proposal/price of the proposal being evaluated x 30%.
The contact shall be awarded to the applicant whose offer have been evaluated and determined as: Responsive/compliant/acceptable; and Having received the highest combined weight (technical scores) 70% + financial 30%= 100%.
Both individual consultants and individual employed by a company or institution are welcome to apply.
Any individual employed by a company or institution who would like to submit an offer in response to a Procurement Notice for IC must do so in their individual capacity (providing a CV so that their qualifications may be judged accordingly). Women candidates or women-owned businesses are strongly encouraged to apply.
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.