FSD Kenya
Financial Sector Deepening
Financial and Legal Advisory Services for Restructuring Kenya Post Office Savings Bank (KPOSB)
Call for Expression of Interest
The Kenya Post Office Savings Bank (KPOSB) is a savings bank established in 1910 and currently operates under the Kenya Post Office Savings Bank Act (enacted 1978) as its primary governing law.
The Government of Kenya has decided that the mandates of KPOSB and PCK be re-defined and, if necessary, new or revised legislation be introduced to further the delivery of financial services by KPOSB.
This will encompass a redefinition of its mandate, governing legislation, structure, and operations.
For detailed application procedures, the full contract notice can be found at the Opportunities section of our website www.fsdkenya.org
Financial Sector Deepening
Financial and Legal Advisory Services for Restructuring Kenya Post Office Savings Bank (KPOSB)
Call for Expression of Interest
The Kenya Post Office Savings Bank (KPOSB) is a savings bank established in 1910 and currently operates under the Kenya Post Office Savings Bank Act (enacted 1978) as its primary governing law.
The mandate of KPOSB is to encourage a savings culture among Kenyans, pool personal savings for national development and provide affordable savings facilities and instruments.
To this end, Government of Kenya, through the National Treasury, has requested the Financial Sector Deepening Trust, Kenya (FSD Kenya), to provide financial and legal advisory services for the restructuring of KPOSB.
This will encompass a redefinition of its mandate, governing legislation, structure, and operations.
FSD Kenya is seeking Expression of Interest (EOIs) for this work from firms or consortia that have the following:
- At least 10 years’ practical banking experience, preferably in both commercial banking and savings banks;
- Experience in financial sector reforms and strategic planning, preferably with an emphasis on savings banks reform;
- Experience in providing financial advice on restructuring of financial entities; and,
- Experience in providing legal advice on restructuring of financial entities, including relevant knowledge and expertise ¡n the Kenyan environment.
A fully detailed proposal, work plan or financial proposal is not required at this stage.
For detailed application procedures, the full contract notice can be found at the Opportunities section of our website www.fsdkenya.org
EOIs should thereafter be submitted to info@fsdkenya.org by 4 pm, Monday 14th April, 2014.
FSD Kenya operates as an independent Trust registered in Kenya under the supervision of professional trustees, with policy guidance from its programme investment committee.
FSD Kenya operates as an independent Trust registered in Kenya under the supervision of professional trustees, with policy guidance from its programme investment committee.
Finance is provided by a number of leading development agencies including the UK’S Department for International Development (DFID), the Swedish International Development Agency (SIDA), and the Bill and Melinda Gates Foundation together with the Government of Kenya.
Further information can be obtained from our website: www.fsdkenya.org