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    ReCCAWA: Capacity Building for Financial Institutions in Senegal

    Ministerie van Economische Zaken, Rijksdienst voor Ondernemend Nederland (RVO)

    ReCCAWA: Capacity Building for Financial Institutions in Senegal

    1. Planning notice published

      Sep 16, 6:53 AMSeptember 16, 2026 6:53 AM

    Brief

    Tender search/Ministerie van Economische Zaken, Rijksdienst voor Ondernemend Nederland (RVO)/ReCCAWA: Capacity Building for Financial Institutions in Senegal
    Brief

    Ministerie van Economische Zaken, Rijksdienst voor Ondernemend Nederland (RVO) is planning the procurement of services to address the financing gap for Clean Cooking SMEs in ReCCAWA partner countries by building capacity for financial institutions in Senegal. The purpose is to enable these institutions to offer suitable financial products to (M)SMEs in the clean cooking sector, which is currently underdeveloped.

    About the bid

      (M)SMEs are essential to achieving universal access to Clean Cooking, yet the clean cooking sector is relatively undeveloped in many West African markets, and therefore risk (perception) is high, leading to a lack of access to affordable, tailored financing. Traditional financial institutions typically prioritise larger clients due to high overheads, limited risk appetite, and capacity gaps, excluding (M)SMEs with irregular cash flows or limited collateral. Microfinance institutions (MFIs), though better positioned to serve smaller businesses, often face high transaction costs, short loan terms, and challenges in pricing risk, resulting in high interest rates for relatively small ticket sizes for entrepreneurs. Most local lenders also lack familiarity with the sector and the tools to assess business models like clean cooking. As a result, they rarely offer suitable financial products such as revenue-based repayment, equipment-backed loans, or flexible grace periods. This persistent financing gap is a key barrier to scaling Clean Cooking SMEs in ReCCAWA partner countries, limiting innovation, market growth, and progress toward universal energy access and climate resilience. €82.000

      Contact name
      Havaf Ben Touhami
      Contact phone
      +31 880424242
      Contact email
      havaf.bentouhami@rvo.nl
      Address
      Prinses Beatrixlaan 2, 2595 AL Den Haag

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    See the full notice

    Contracting authority
    Ministerie van Economische Zaken, Rijksdienst voor Ondernemend Nederland (RVO)
    Title
    ReCCAWA: Capacity Building for Financial Institutions in Senegal
    Type
    Planning
    Main code
    75210000Foreign affairs and other services
    Supplemental codes

    No supplemental codes from buyer…

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