REQUEST FOR EXPRESSION OF INTEREST (REOI) for Consultancy service to conduct Strategic Plan for National Payment System (NPS) – Somalia

Federal Government Of Somalia is currently seeking a qualified REQUEST FOR EXPRESSION OF INTEREST (REOI) for Consultancy service to conduct Strategic Plan for National Payment System (NPS) – Somalia to join their team in Somalia. The role requires a skilled individual with 9 - 10 years of experience in Consultancies or a related field. Qualified candidates are urged to apply before the Aug, 08 deadline.

FEDERAL GOVERNMENT OF SOMALIA

The Ministry of Finance

REQUEST FOR EXPRESSION OF INTEREST (REOI)

Country: Federal Government of Somalia (FGS)

Name of the

Project: Somalia Productive, Resilient and Inclusive Growth Project (SPRING),

Assignment Title: Consultancy service to conduct Strategic Plan for National Payment System

(NPS) – Somalia

Project ID: P501662

Deadline for submission

of EOI 8

th August 2026 4:00pm

Individual/Firm: firm Selection

Ref No. SO-MOF-543502-CS-QCBS

1. Background: In May 2025, the Federal Republic of Somalia, through its Ministry of Finance (MoF)

launched the Somalia Productive, Resilient, and Inclusive Growth (SPRING) project. The project

development objective is to promote private sector-led growth and job creation by improving the businessenabling environment, strengthening the financial system, and enhancing access to finance.

The SPRING project is organized around four components (three mutually reinforcing and one supporting):

(i) Component 1: Improving the enabling environment for the private sector; (ii) Component 2: Deepening

financial sector reforms and strengthening institutional capacity; (iii) Component 3: Enhancing access to

finance and resilience for MSMEs; and (iv) Component 4: Project Management. A wide range of activities

will be implemented as part of this project to reach its development objective, such as improvements to

regulatory/institutional frameworks, the rollout of the digital ID system, financial sector reforms, the

creation of a risk-sharing mechanism, and the provision of business development services for micro, small

and medium enterprises in select economic sectors, among others.

The MoF received US$105 million from the World Bank, including US$10 million from the Somalia MultiPartner Fund to implement the SPRING project. As part of this initiative Deepening financial sector

reforms and strengthening institutional capacity, MoF intends to apply part of the proceeds from the World

Bank to finance the Consultancy Service to conduct Strategic Plan National Payment System (NPS) –

Somalia. (firm)

1. Responsibilities: The purpose of this assignment is to engage a qualified consulting firm (“Consultant”)

to Develop a five-year strategic roadmap for modernizing Somalia’s NPS.: Strengthen DPI to enhance

interoperability, accessibility, inclusiveness, and resilience: Align the NPS with BIS PFMIs, ISO 20022,

and other global benchmarks: Support regional integration through harmonization with EAC and other

frameworks: Incorporate innovations such as instant payments, open APIs, digital identity, and advanced

risk management: Improve safety, efficiency, and robustness of the payment ecosystem: Provide actionable

recommendations on governance, risk management, operations, and regulatory compliance. All other

specific tasks detailed in the Terms of Reference (TOR) for the assignment can be found at the following

website link:

https: //centralbank.gov.so/wpcontent/uploads/2026/07/TOR_NPS_Strategic_Roadmap_Consultant_Firm_Somalia-1.pdf

1. Duration: The firm is expected to complete the proposed assignment within 12 Months

About Somalia

Somalia is located in the Horn of Africa and has a growing job market, particularly in the humanitarian, development, and private sectors. Major employment hubs include Mogadishu, Hargeisa, Garowe, Baidoa, and Kismayo, with opportunities from international NGOs, UN agencies, government institutions, and an expanding private sector.

Ereyada Soomaaliga (Somali Keywords): Shaqo Cusub • Shaqo Soomaaliya • La-talin • La-talinta

1. The Ministry of Finance invites eligible consulting firms (“Consultants”) to indicate their interest in

providing the Services. Interested Consultants should provide information demonstrating that they have

the required qualifications and relevant experience to perform the Services (brochures, description of

similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.).

The shortlisting criteria are as follows:

I. Core business of the firm at least 10 years' experience in payment systems, financial sector

reforms, or Digital Public Infrastructure (DPI).

II. Specific experience in successfully implementing similar assignments. (Proven track record of

previous similar experiences of successfully completing at least one (preferably two) assignment

involving the development of National Payment System strategies, payment system

modernization roadmaps, or similar financial market infrastructure strategies for central banks,

financial regulators, or equivalent institutions) Proven expertise in BIS PFMIs, ISO 20022,

instant payments, interoperability, financial inclusion, cybersecurity, and payment system

governance. The Consultant shall provide the name and contact address of the Client (office and

e-mail address and telephone number), date(s) of execution, name (s) of lead and associate firms,

contract amount, and financing sources.

III. Experience of relevant services in an environment similar to that of Somalia and

IV. Technical and managerial organization of the firm (provide only the structure of the

organization). Do not provide CVs of key staff. Key experts will not be evaluated at the

shortlisting stage.

1. The attention of interested Consultants is drawn to section III, para 3.14,3.16 & 3.17 of the

World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Projects

Financing Goods, Works, Non-Consulting and Consulting Services dated in September 2023

(“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest.

1. Consultants may associate with other firms to enhance their qualifications but should indicate

clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the

case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for

the entire contract, if selected

1. A Consultant will be selected under the Quality and Cost-Based Selection (QCBS) method set

out in the Procurement Regulations.

Interested Consultants may obtain further information (in person or by e-mail) at the address

below during office hours from 8.00 a.m. - 4.00 p.m. Saturday to Thursday except on public

holidays.

1. Deadline for submission: Expressions of interest should be delivered in a written form to the

address below (in person, or by e-mail) by 8th August 2026 4:00pm

Attention; Project Coordinator

SCALED-UP Project

Ministry of Finance

Federal Government of Somalia

Shangani District, Mogadishu, Somalia

Email Address:

bid.scaledup@piu.mof.gov.so" rel="noopener noreferrer" target="_blank">bid.scaledup@piu.mof.gov.so

Cc:

Procurement@centralbank.gov.so" rel="noopener noreferrer" target="_blank">Procurement@centralbank.gov.so

Apply on

bid.scaledup@piu.mof.gov.so" rel="noopener noreferrer" target="_blank">bid.scaledup@piu.mof.gov.so