The tenders are open for the automated trading system and broker back office systems for the Ethiopian Securities Exchange (ESX) and for the market surveillance system. If you are a bidder and not in Ethiopia, you should apply to FDRE Ethiopian Enterprise Development to post you the technical documents. The tenders must be delivered physically in Addis Ababa by 25 January.
On 12 December, the World Bank published three Invitations for Bids/ Requests for Proposals (RFPs). Please check the original World Bank notice. The invitations for bids are for design, supply and installation of:
Lot 1: Electronic Trading Platform for Ethiopian Securities Exchange (ESX)
This is described as “Design, Supply and Installation of Electronic Trading Platform – an electronic multi-asset trading platform that supports multiple markets, to be installed and delivered in Addis Ababa, for Ethiopian Securities Exchange (ESX). The implementation period spans 16 months, with a modular deployment approach that ensures the core trading platform becomes operational within the first 5 months of the project’s commencement”. There are certain criteria that proposers must meet, including minimum average annual turnover for the last 5 years and “Participation as a prime supplier, management contractor, JV member, sub-contractor, in at least 2 contracts within the last 10 years, each with a value of at least USD 1.6 Million, that have been successfully and substantially completed and have similar level of scope and complexity as the proposed trading system, and the said systems should be under operation for at least 12 months.”
Lot 2: Broker Back Office system for ESX
A broker back-office system that automates the core activities of brokerage service providers for trading on electronic platforms. It will be deployed for Ethiopian Securities Exchange (ESX), with an implementation timeline of 12 months in Addis Ababa, Ethiopia. There are also eligibility criteria.
Lot3: Multi-asset Market Surveillance System for the Ethiopian Capital Market Authority
“A multi-asset market monitoring and surveillance system designed to facilitate the prevention and investigation of abusive, manipulative, or illegal trading practices in the securities markets. It will be deployed for the Ethiopian Capital Market Authority (ECMA), with an implementation timeline of 11 months in Addis Ababa, Ethiopia”
This comes as part of the funding window Ethiopia: Small and Medium Enterprises Finance Project. The bid is to be evaluated 50% on technical criteria and 50% on cost.
The bidding will be assessed in line with World Bank’s “Procurement Regulations for IPF Borrowers” Procurement in Investment Project Financing, Goods, Works, Non-consulting and Consulting Services’, Fifth Edition, September 2023 (“Procurement Regulations”), and is open to all eligible Proposers as defined in the Procurement Regulations.
The address to get further information is FDRE Ethiopian Enterprise Development (email firstname.lastname@example.org). People can send in $60 or ETB3,000 to have a copy of the full RFP and it will be sent by airmail if internationally or by mail or courier if locally. Proposals must be delivered to Ethiopian Enterprises Development in Mozambique Street, Addis Ababa, by 2:30pm on 25 January and each bid must be accompanied by a proposal security, for example $10,000 for Lot 1.
The contact person is given as Yemenzwork Girefie email@example.com or call at the Domestic Investors Transformation Directorate Addis Ababa of the Ministry of Industry. The purchaser for the three systems will be Ethiopian Enterprise Development.