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Netherlands: Tenders/Ministerie van Economische Zaken en Klimaat, 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

ReCCAWA: Capacity Building for Financial Institutions in Senegal

Planned

The competition has not been announced yet.

Agreement
Buying services

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.

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From the notice

  • (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

    Havaf Ben Touhamihavaf.bentouhami@rvo.nl
  • Type
    Planning
  • Main code
    Foreign affairs and other services
    75210000

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