Fund Manager for Ngwee Ngwee Ngwee Fund

Overview

Scope of Work

The objective of the assignment is to provide specialised fund management services that enable timely, compliant and well-secured financing to eligible Participating Organisations; ensure sound portfolio, fiduciary, safeguards, data and risk management; protect the Fund’s creditor rights; support achievement of ASCENT energy-access and market-development results; and strengthen systems, national capacity and arrangements for the long-term sustainability of the NNNF. The scope of work under this assignment shall include, but not be limited to:

1. Inception, portfolio takeover, reconciliation and structured handover of existing NNNF facilities, commitments, systems, records and outstanding actions;
2. Cross-cutting fund administration, including drawdown and payment review, portfolio monitoring, forecasting, records management, risk management and reporting;
3. Administration of Component 2 debt and Results-Based Financing (RBF) facilities for off-grid solar companies, including disbursements, repayments, verification interfaces, portfolio quality and recovery actions;
4. Administration of Component 3 financing and performance-linked payments for electrification of public schools and health facilities, in coordination with the ASCENT PIU technical team;
5. Administration of Component 4 clean cooking financing, including loans, repayments, security, portfolio monitoring and carbon-finance interfaces;
6. Management of loan collateral, security perfection, covenant monitoring, enforcement and recoveries, subject to Ministry approvals;
7. Management and collection of the legacy MEAP loan portfolio, including arrears, restructuring, recoveries and close-out actions;
8. Data management, monitoring, dashboards, financial and operational reconciliation, fraud and corruption controls, cybersecurity and data protection;
9. Implementation and monitoring of environmental and social requirements in accordance with the NNNF ESMS, applicable Malawi law and World Bank requirements;
10. Coordination with the Independent Verification Agent, Legal Advisor, Carbon Consultant, technical specialists and other consultants engaged by the Ministry; and
11. Support to institutionalisation of the NNNF, including governance arrangements, capitalisation options, sustainable business model, capacity development, systems transfer and final handover.

Requirements & Qualifications

The MoE now 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. The shortlisting criteria are as follows:

1. Core business of the firm(s) and years in business of not less than 5 years organizational capability and relevant experience in fund management, investment, lending, RBF/grant facilities or comparable financing programmes.
2. Relevant similar experience, which should specifically include the below:
3. Off-grid solar and clean cooking sector expertise: experience in, and understanding of, the off-grid solar and clean cooking market in Sub-Saharan Africa, including Energy-as-a-Service and PAYGo solar business models (minimum of five years), together with specific experience in, and understanding of, the Malawi off-grid solar and clean cooking market and the success factors of for-profit businesses in this sector;
4. Results-Based Financing (RBF) and grant facility management: a minimum of three years track record of structuring and managing RBF grant facilities aimed at market stimulation, ideally facilities funded by multilateral development banks, development finance institutions and/or bilateral development assistance agencies;
5. Debt and consumer financing track record: a minimum of three years track record of providing debt financing to off-grid solar and clean cooking distribution businesses and/or consumer finance businesses, including microfinance institutions;
6. Malawi presence and government/development-partner engagement: an established or committed local footprint in Malawi sufficient to manage relationships and reporting with the Government of Malawi and with RBF Grant Window and Debt Window applicants and investees and experience managing reporting relationships with government stakeholders and large development finance organisations;
7. Integration & Institutional Capability: Capacity to integrate sector expertise, financing mechanisms, and local presence, with into a coherent delivery model, supported by evidence of technical and managerial systems for coordinating RBF, debt financing, and stakeholder reporting, and scalable energy-access ability to sustain and scale operations in Malawi’s energy access sector.

Addresses named in the notice

Contact