📑81270651 -- Framework Agreement GET.invest 'Finance Readiness Support'
Procurement process summary
This process is to purchase 81270651 -- Framework Agreement GET.invest 'Finance Readiness Support'.
This contract was awarded by 🇩🇪 Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for an amount of EUR 973,399 to 1 supplier. It was published on 2021-05-11 through open
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
Buying entity🇩🇪 Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Buying unitnot reported Publication date2021-05-11 Contest statusnot reported DescriptionThe GET.invest Finance Readiness Support (FSR) -- herein referred to as 'the Assignment' -- will provide direct one-to-one advisory and coaching support to access finance for earlier-stage (i.e. pre-series A) local decentral renewable energy enterprises in sub-Saharan Africa (SSA) in its pilot phase. GET.invest seeks to empower a currently underserved segment of local market players by providing free access to top tier advisory and coaching services in the market. These local players are critical for the long-term sustainability of the sector. They present opportunities for venture partnerships with other players and they generate jobs at the local level and contribute to overall economic growth. Access to finance remains a major challenge for the majority of earlier-stage enterprises. Financiers continue to launch innovated solutions around catalytic financing but the enterprises require considerable support to become ready for such investments - whether debt or equity. Issues around understanding and speaking the investor terminology, understanding how and if to scale and when, financial management and capital expenditure planning, human resource management, operations optimisation, customer management, etc. are some of the areas where support is needed. In its first pilot, the GET.invest FSR will serve all business models offering electricity access or cooking solutions based on renewable energy in addition to models around productive use of renewable energy (i.e., solar irrigation, solar cool chains, etc). It is also possible to support business models in 'adjacent sectors' such as mobility (i.e., electric motorbikes). This tender concerns setting up a framework contract with up to eight consulting firms fully focused on coaching and advisory services towards access to finance for enterprises in SSA, with demonstrated experience in supporting small-scale, decentralised renewable energy businesses pre-series A access finance. Through the framework agreement, GET.invest would be able to scale up its services and leverage the deep market knowledge of the resulting poor members.Awards
This award was granted to Open Capital Advisors by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for an amount of EUR 973,399. The procurement process was conducted through open for the category of services. This is award number 7.
This contract has multiple awards. This is award number 7. View other awards for this contract
| Supplier | Amount | Award number |
|---|---|---|
| 🇰🇪 Open Capital Advisors | EUR 973,399 | 7 |
Market context and opportunities
The execution of this contract allows the entity Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to fulfill its public service objectives efficiently.
The open purchase modality ensures that the process is transparent and compliant with regulations.
Transparency in this process is reflected in the detailed publication of all aspects of the contract and its results.
This transparency in public procurement promotes fair competition, prevents corruption, and ensures that public resources are used efficiently for the benefit of citizens.
Additional data
Contract NumberDE_ocds-70d2nz-4376f23b-6ee5-4d72-98c2-cffe4ec81de0-award-7Publication date2021-05-11Contract datenot reportedAward datenot reportedCategoriesservicesPurchase modalityopenMethod detailspt_openStatusnot reportedData sources
Sociedad.info publishes data from official sources, in compliance with public information access laws. Public access to this data is a civic right that helps hold government accountable. This data, including names and identifiers, is already public in the official source. Read our privacy policy.
