African Development Bank (AFDB)
The African Export-Import Bank (AFREXIMBANK(
FAPA Grant to support the Support the Capacity Building of Emerging Factoring Firms in Africa
Project ID: P-Z-KB0-016
Grant No.: 5700155002951
REQUEST FOR EXPRESSIONS OF INTEREST (REOI)
(CONSULTING SERVICES – FIRM SELECTION)
Assignment: Recruitment of an External Audit Firm
1- Background
1- The African Export-Import Bank (AFREXIMBANK) (Project Manager) received a grant from the African Development Bank Group to finance the capacity building of emerging factoring firms in Africa.
1.1- The principal objective of this technical assistance (TA) project was to finance the capacity building of the emerging factoring firms, advisory support among established factoring firms and development of a sustainable knowledge and learning platform to support factoring in Central, Eastern, Southern and Western Africa.
2- Objectives of the Assignment: the overall objectives of the audit are to (i) obtain reasonable assurance as to whether the Project’s financial statements as a whole are free from material misstatement, whether due to fraud or error; (ii) enable the auditors to express an independent professional opinion on the financial position of the Project and assure that the Project funds have been used for their intended purposes and in accordance with the provisions of the Grant Agreement; and (iii) obtain reasonable assurance about the achievement of Project objectives by matching the Project’s physical outputs and achievements to funds disbursed and the timing of the flows.
3- FAPA Grant to support the Capacity Building of Emerging Factoring Firms in Africa
Now invites eligible audit consultant firms to express their interest in performing the FAPA grant Project audit assignment.
The interested consultant must provide information indicating that they are qualified to perform the services requested, experience in similar assignments, availability of appropriate skills and resources, biographies of key experts involved in implementation, etc.).
Consultants may constitute joint ventures to enhance their chances of qualification.
The short-listing criteria for this assignment are as follows:
>>The firm should be registered and have a license from a national and/or regional professional accountancy body.
>>A proven track record of at least 7 years of auditing experience, preferably with development projects and donor-funded operations.
>> Submission of supporting documentation, including but not limited to a corporate profile, track record in executing similar assignments, availability of required skills and resources, biographies of key experts to be involved in implementation, etc.; and
» The consultancy firm is registered as a company in AfDB member countries.
4- Procurement Guidelines: eligibility criteria, establishment of the short-list and the selection procedures shall be in accordance with the African Development Bank’s Procurement Framework, dated October 2015, which is available on the Bank’s website at http://www.afdb.org using the Consultant Qualification selection (CQS) method.
5- Submission of Expression of Interest to the Project Manager: interested firms may obtain further information and are entitled to request the assignment’s full terms of reference by sending an email to nhlupo@afreximbank.com, Copying: ekameni@afreximbank.com, ttamba@afreximbank.com ssimba@afreximbank.com.
To express interest, the firm should send the required information by email along with a cover letter in English mentioning “External Audit Firm” in the subject line no later than 26 February, 2026.
Contact person: Nyevero Hlupo, Chief Finance Officer – Afreximbank
Email: nhlupo@afreximbank.com
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