Financial Sector Deepening Africa

Development of the Second Kenya Capital Markets Master Plan

Last update: Mar 2, 2026 Last update: Mar 2, 2026

Details

Application deadline: Mar 19, 2026
Location:Kenya
Kenya
Category:Consulting services
Status:Open
Sectors:Private Sector & Trade, Financial Services & Audit
Languages:English
Eligibility:Organisation
Budget:N/A
Date posted: Mar 2, 2026

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There are no awards associated with this tender.

Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation

Quick summary

AI generated
Objectives: Develop Kenya’s Second Capital Markets Master Plan (CMMP 2.0): an evidence-based 10‑year strategy to deepen a...
Eligibility criteria: Eligible applicants are suitably qualified consultancy firms able to deliver the CMMP 2.0 within 12 months and submit a proposal (≤10 pages excluding annexes) by email by 19 Mar 2026, 12:00 EAT. Mandatory: the firm must show direct experience developing or independently reviewing a Capital Markets Master Plan (C...

Description

Development of the Second Kenya Capital Markets Master Plan

Deadline: 19-Mar-26 @ 12:00pm (EAT)

The Capital Markets Authority, Kenya (“CMA”) in partnership with FSD Africa, invites proposals from qualified consultancy firms (“the Consultant”) to support the development of the Second Capital Markets Master Plan (CMMP 2.0) for Kenya’s capital markets (“the Services”). The assignment will provide technical and strategic support to design a modern, actionable, and evidence-based roadmap that will guide capital markets development over the next decade.

The Services will involve (among other things):

Extensive consultation with policymakers, regulators, market intermediaries, issuers, investors, and other stakeholders.
Development of a comprehensive 10-year CMMP 2.0 that is practical, forward-looking, and aligned with national priorities and international best practice.
Preparation of a sequenced and costed implementation framework and resource mobilisation strategy.
Design of a comprehensive monitoring, evaluation, and risk management framework.
Development of a capacity-building and knowledge-transfer plan to support long-term execution.

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Funding agency:
Other
Status:
open
Location:
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tender Background

About the Funding Agency

Created in 2012, FSD Africa is a £30 million financial sector development programme or ‘FSD’ based in Nairobi. It is funded by UK aid from the UK Government. FSD Africa aims to reduce poverty across sub-Saharan Africa by building financial markets that are efficient, robust and inclusive.

FSD Africa is a market facilitator or catalyst. It applies a combination of resources, expertise and research to address financial market failures and deliver a lasting impact. FSD Africa has a mandate to work across sub-Saharan Africa on issues that relate to both ‘financial inclusion’ and ‘finance for growth.’

FSD Africa is also a regional platform. It fosters collaboration, best practice transfer, economies of scale and coherence between development agencies, donors, financial institutions, practitioners and government entities with a role in financial market development in sub-Saharan Africa. 

All FSD Africa opportunities are posted under FCDO

About the Sectors

Private Sector & Trade

Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.


Key areas:
  • Private sector development and SME/MSME support
  • Entrepreneurship, start-ups, and business growth initiatives
  • Trade facilitation, import/export, and market access
  • Commerce, retail/wholesale, and free trade mechanisms

Financial Services & Audit

Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.


Key areas:
  • Financial services, banking, and insurance
  • Accounting, auditing, and financial reporting
  • Investment, capital markets, and financial inclusion

Locations

Kenya

Kenya has positioned infrastructure investment as a pillar of its development strategy, deploying public funds and innovative financing to expand roads, ports, rail networks and energy systems that enable trade and productivity. Under a World Bank–supported PPP framework, Kenya has strengthened legal and institutional capacity to mobilise private capital for infrastructure across sectors including transport, water and housing, widening access to services and supporting economic transformation.
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