Business updates

SME Digital Financial Inclusion Plan: Request for Proposals

SME Digital Financial Inclusion Plan: Request for Proposals

Trade 04 May 2021

The COMESA (Common Market for Eastern and Southern Africa) Business Council, established as one of the eight organs of the COMESA, comprises Chambers of Commerce and other private sector organizations of the COMESA region. Its role is to promote business interests in the region. The MCCI is the local focal point of CBC.

CBC is implementing a Digital Financial inclusion program that supports the design, development and deployment of an integrated regional digital financial services infrastructure that is low-cost, interoperable and fraud resistant that serves Micro Small and Medium Enterprises (MSMEs). This would be first developed from a regulatory focus approach, to the business model and finally the actual operational and technical establishment.

The expected result of the program is to streamline cash-based MSMEs into digital markets interoperable, transparent that enjoy affordable, and real-time financial transactions.
The CBC with the support of Bill and Melinda Gates Foundation is seeking the services of a professional and competent consultancy firm to design Business Model on operation and implementation of regional digital retail payment scheme for MSMEs in COMESA region. The Business Model design is expected to be developed using Level One design principles ( addressing the needs of low-income cross border traders.

The Terms of References can be downloaded here.

Closing date : 16 May 2021