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Evaluating Somali ICT and Energy Firms' Investment Readiness and Implementing Key Recommendations

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet.

IFC, through its Advisory project—the Somali Investment Readiness—seeks to engage a reputable Consultancy Firm (“the Firm”) to evaluate the investment readiness of selected Energy and Information and Communication Technology (“ICT”) Companies (the “Companies”) in Somalia and Somaliland (the “Project”). The assignment aims to:

·        Undertake diagnostic of the Companies’ financial, corporate governance/managerial, and operational capacities.

·        Assess performance and investment readiness gaps for each company vis-à-vis internationally recognized investment standards. The assessment will review the Companies’ existing business plans, identify potential risks and propose appropriate mitigants including environmental and social (“E&S”) and governance risks. A baseline for key performance indicators (“KPIs”) will need to be established.

·        Identify specific technical assistance needs for each Company to meet internationally recognized investment standards, including those required by IFC and other commercial lenders.

·        Develop actionable plans to address identified gaps and enhance the Companies’ capacity to attract commercial investment.

·        Support the Companies in addressing the high-level recommendations to address key investment readiness gaps.

The Firm should be able to help design an effective programmatic approach, drawing on its experiences with higher growth, medium to larger sized Companies and the region.

  • 90 - CONTRACT CONSULTANTS
  • SO - Somalia
  • Information and Communications Technologies: ICT Infrastructure
  • 90.40 - FIRMS FOR OPERATIONAL PROJECTS
  • Investment Readiness
12/08/2025 12:00 AM EST
12/17/2025 11:59 PM EST

REQUEST FOR EXPRESSION OF INTEREST (EOI)

Electronic Submissions through WBGeProcure RFx Now

ASSIGNMENT OVERVIEW

Assignment Title: Evaluating Somali ICT and Energy Firms' Investment Readiness and Implementing Key Recommendations

Assignment Country: Somalia

ASSIGNMENT DESCRIPTION

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions, and mobilizing private capital to create a world free of poverty on a livable planet.

IFC, through its Advisory project—the Somali Investment Readiness—seeks to engage a reputable Consultancy Firm (“the Firm”) to evaluate the investment readiness of selected Energy and Information and Communication Technology (“ICT”) Companies (the “Companies”) in Somalia (the “Project”). The assignment aims to:

·        Undertake diagnostic of the Companies’ financial, corporate governance/managerial, and operational capacities.

·        Assess performance and investment readiness gaps for each company vis-à-vis internationally recognized investment standards. The assessment will review the Companies’ existing business plans, identify potential risks and propose appropriate mitigants including environmental and social (“E&S”) and governance risks. A baseline for key performance indicators (“KPIs”) will need to be established.

·        Identify specific technical assistance needs for each Company to meet internationally recognized investment standards, including those required by IFC and other commercial lenders.

·        Develop actionable plans to address identified gaps and enhance the Companies’ capacity to attract commercial investment.

·        Support the Companies in addressing the high-level recommendations to address key investment readiness gaps.

The Firm should be able to help design an effective programmatic approach, drawing on its experiences with higher growth, medium to larger sized Companies and the region.

SUBMISSION REQUIREMENTS

The World Bank Group invites eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; CV and cover letter for individuals). Please note that the total size of all attachments should be less than 5MB. Firms may associate to enhance their qualifications unless otherwise stated in the solicitation documents. Where a group of firms associates to submit an EOI, they must indicate which is the lead firm. If shortlisted, the firm identified in the EOI as the lead firm will be invited to the request for proposal (RFP) phase.

Expressions of Interest should be submitted in English, electronically through WBGeProcure RFx Now

NOTES

Following this invitation for EOI, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting and selection will be subject to the availability of funding.

Only those firms which have been shortlisted will be invited to participate in the RFP phase. No notification or debrief will be provided to firms that have not been shortlisted.

If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at corporateprocurement@worldbank.org prior to the submission deadline.

Criteria Text Mandatory
Provide information showing that they are qualified in the field of the assignment.
Provide information on the technical and managerial capabilities of the firm.
Provide information on their core business and years in business.
Provide information on the qualifications of key staff.