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Evaluation of the African Guarantee Fund and Denmark’s contribution

Die Angebotsfrist ist am 10. August 2026 abgelaufen. Das Verfahren befindet sich in der Zuschlags- bzw. Abschlussphase. Ähnliche aktuelle Ausschreibungen ansehen ↓
Auftraggeber
Veröffentlicht
16.06.2026
Angebotsfrist
The African Guarantee Fund - for Small and Medium-sized Enterprises Ltd (AGF) is a non-bank financial institution established to enhance access to finance for small and medium-sized enterprises (SMEs) across Africa. Its activities include the provision of guarantees to financial institutions and capacity development support to both lenders and SMEs. AGF was one of five concrete initiatives recommended by the Commission on Effective Development Cooperation with Africa in 2010, and has now been in operation for almost 15 years. Denmark was a founding shareholder and has supported the AGF through a combination of shareholder capital, grant financing, and representation on the board. A 2016 evaluation of the results of the Africa Commission included an early assessment of AGF, which found the AGF to be relevant, innovative, and on a promising path, with rapid portfolio growth, strong interest from partner banks, and early indications that participating banks had increased the SME lending portfolio. At the same time, the evaluation noted that AGF was still at an early stage of implementation, and that systematic data on SME-level outcomes, employment effects, financial additionality, and long-term sustainability were not yet available, limiting the scope for assessing broader impacts. It also highlighted a key strategic challenge going forward: balancing the goal of becoming a self-sustaining, market-oriented guarantee fund with the need to expand into higher-risk markets and partner with lower-tier banks in order to maximise development impact. Since then, the AGF has expanded significantly in scale and geographical reach, and has progressively developed its monitoring and evaluation systems, while a longer operational time horizon now provides a much stronger basis for assessing outcomes, additionality, sustainability and longer-term impacts. To document results and draw lessons from AGF’s experience and the Danish support hereto, the Department for Evaluation, Learning and Quality (LEARNING) of the Danish Ministry of Foreign Affairs (MFA) has therefore decided to commission an evaluation. The overall purposes of the evaluation are to document and assess: (1) The contribution of the AGF to improving access to finance for SMEs in Africa and to generating associated development outcomes; and (2) The contribution and added value of Danish support to the AGF. And, based on this, draw lessons for AGF’s future strategy and operations, for future Danish support to the AGF specifically, and for future Danish support to SME development in Africa through blended finance instruments. The objectives of the evaluation are to: (1) Establish a structured and analytically grounded mapping and characterisation of AGF’s institutional model, blended finance architecture, portfolio evolution and positioning within the broader SME finance ecosystem as well as of Danish support to the AGF; (2) Assess, across time and geographical contexts, AGF’s relevance in addressing SME financing constraints; coherence with other initiatives in the SME finance space; success in mobilising private capital to support SME finance; and financial sustainability; (3) Assess the contribution and added value of Danish support, including capital, concessional grant funding, and governance engagement; (4) Generate credible quantitative evidence on the results of AGF-supported guarantees and capacity development in two country contexts, considering both financial and development additionality, and outcomes at both SME, PFI and broader SME finance market level; (5) Identify contextual, institutional, and design factors that explain observed results and variation across countries, instruments, and institutional settings; (6) Formulate lessons learned and forward-looking, evidence-based recommendations to inform AGF’s future strategy and Denmark’s future engagement with the AGF and guarantee-based blended finance instruments more broadly.

Zeitplan

Veröffentlichung
16.06.26
Teilnahmefrist
10.08.26
Vertragsbeginn
03.11.26

Ausschreibung

Reichweite
EU-weit
Vergabeart
Nichtoffenes Verfahren
Geschätzter Wert
4.500.000 DKK
Erfüllungsort
Copenhagen, Deutschland
KMU geeignet
Ja
E-Mail
niklej@um.dk
Telefon
+45 33 92 00 00
Website
https://um.dk/en/danida

Eignungs- & Bewertungskriterien

Eignungskriterien

  • The economic operator is required to have an average yearly turnover of minimum DKK 9,000,000 for the last 2 financial years available (where the economic operator can present annual reports). When the economic operator is participating in the procurement procedure together with others (e.g a consortia or joint venture) or if the economic operator relies on the capacity of other entities, it is required that the participating economic operators or the economic operator and the entities referred to altogether meet the selection criteria. Each involved economic operator or entity must submit a completed ESPD and the participating economic operators or the entities referred to are subject to joint and several liability for the performance of the contract. The contracting authority can accept annual reports or excerpts hereof or relevant statements from a bank or certified accountant as documentation in relation to the economic and financial standing. When an economic operator is participating in the procurement procedure together with others or when an economic operator relies on the economic and financial standing of other entities, the economic operator must also provide statements of support or other documentation proving that the economic operator has access to the necessary economic and financial standing. The statements of support must establish a legal obligation for the party concerned and state that the involved economic operators or entities are subject to joint and several liability for the performance of the contract.

  • The economic operator is required to have performed (entered into, ongoing or finalized) minimum 1 contract regarding an evaluation or assessment of development cooperation using a quasi-experimental design or other rigorous quantitative causal identification strategies within the last 5 years. When the economic operator is participating in the procurement procedure together with others (e.g. a consortia or joint venture) or if the economic operator relies on the capacity of other entities, it is required that the participating economic operators or the economic operator and the entities referred to altogether meet the selection criteria, that each involved economic operator or entity submits a completed ESPD and that the specific parts of the contract must be performed by the economic operators or entities with the required technical and professional abilities. The economic operator must fill in a list of maximum 5 contracts (i.e. from all involved economic operators in a group of economic operators and/or other supporting entities). If an economic operator has listed more than 5 contracts, the contracting authority will only read and assess the 5 most recent contracts listed (first based on end date, and then based on start date). Each listed contract should include the following information: (1) a description of the contract (nature and quantity of services from the economic operator and how they compare to the description of this procurement), (2) amount (remuneration received by the economic operator for the performance of the services), (3) start date (date of conclusion of the contract), (4) end date (date of completion of services), and (5) recipient (name and contact information). The contracting authority reserves the right to contact the recipients of services or require statements from the recipients, confirming that the economic operator has performed the listed contracts, as documentation in relation to the technical and professional ability. When an economic operator is formed by a group of economic operators or relies on the technical and professional abilities of other entities, the economic operator must also provide statements of support or other documentation proving that the economic operator has access to the necessary technical and professional abilities. The statements of support must establish a legal obligation for the party concerned and state the parts of the contract to be performed by the party concerned.

  • If more than 5 economic operators fulfil the minimum requirements to economic and financial standing and technical and professional ability, the candidates will be selected on the basis of the information concerning technical and professional ability. In the selection, the contracting authority will specifically emphasise

    • (1) The number of relevant contracts (i.e., contracts that fulfil the minimum requirements to technical and professional ability)
    • (2) The extent to which the performed contracts compare to the description of this procurement, including: (a) the extent to which the performed contracts concern evaluations or other assessments of SME finance or credit markets in Africa, including analysis of market functioning, constraints or effects of interventions
    • (b) the extent to which the performed contracts concern evaluations or assessments of guarantee instruments or other credit market instruments in developing country contexts
    • (c) the extent to which the performed contracts concern evaluations or assessments using administrative financial and SME sector data in an African context.

Zuschlagskriterien

  • Quality: Please refer to the Criteria and Method of Evaluation. As part of the evaluation of tenders, the contracting authority will also conduct individual interviews with all Key Staff proposed for the position as Team Leader (in compliant tenders). Please refer to the Instructions to Tenderers.

  • Price: Please refer to the Criteria and Method of Evaluation.

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