INDIVIDUAL CONSULTANT TO SUPPORT MINECOFIN IN COORDINATING, IMPLEMENTING, MONITORING AND EVALUATING FINANCIAL SECTOR STRATEGY TO INCREASE ACCESS TO AND USE OF FINANCIAL SERVICES IN RWANDA.

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Background and Context

The financial sector is a cornerstone of national economic transformation and a critical enabler of sustainable, inclusive, and resilient growth. In line with the National Strategy for Transformation Phase II (NST2) and Vision 2050, the Government of Rwanda, through the Ministry of Finance and Economic Planning (MINECOFIN), is undertaking comprehensive reforms to strengthen the financial sector as a primary driver of economic development, investment mobilization, risk mitigation, and innovation. MINECOFIN, seeks to strengthen a coordinated and results-oriented mechanism for the implementation, monitoring, and evaluation of priority financial sector strategy. The strategy is designed to modernize the sector, increase access to finance, enhance resilience to shocks, improve financial inclusion, deepen markets, and ensure alignment with climate resilience, disaster risk management, and digital transformation agendas.

To support this objective, the Ministry of Finance and Economic Planning (MINECOFIN), supported by Access to Finance Rwanda (AFR) intends to recruit a highly qualified Individual Consultant with demonstrated expertise in financial sector strategy formulation, implementation support, institutional coordination, and performance monitoring.

The assignment will support the coordinated implementation of the Financial Sector Development Strategy (2025–2030) with the aim of increasing access to and use of financial services.

The consultancy will develop and establish a self-sustaining strategic coordination framework that remains functional beyond the consultancy period. It will also play a catalytic role in harmonizing efforts across public institutions, regulators, private sector actors, and development partners to ensure that financial strategy is effectively translated into measurable outcomes and sustained impact.

Overall Objective

The overall objective of this consultancy is to support MINECOFIN in establishing and operationalizing a robust, coordinated, and sustainable mechanism for the implementation, monitoring, evaluation, and continuous improvement of priority financial sector strategy ensuring alignment with NST2 and broader national development objectives.

Reporting and Deliverables

The Consultant shall be responsible for delivering, at minimum, the following outputs:

• Inception Report including detailed methodology, work plan, governance structure, and risk management plan.
• Harmonized multi-year implementation roadmap covering the strategy.
• Reviewed Monitoring and Evaluation Framework with KPIs and reporting tools.
• Functional digital reporting and performance monitoring platform.
• Capacity building program reports and training materials.
• Quarterly progress reports summarizing achievements, challenges, and recommendations.
• Revamped financial sector working group and related sub-sector technical working groups
• Annual performance and learning reports.
• Final comprehensive consultancy report at the end of the assignment.
• A self-sustaining strategic coordination framework

Duration and Location 

• The duration of the consultancy shall be one (1) year with the possibility of renewal depending on the funding availability, with performance-based reviews conducted annually. The contract may include clearly defined milestones and renewal conditions
• Duty Station: MINECOFIN, Kigali Rwanda

Interested consultants must confirm their intention to submit a proposal by Friday, April 10 2026, at 17h00 HRS CAT

Any requests for clarifications to the RFP may be submitted by Wednesday, April 15 2026, 17h00 HRS CAT.

Bidders should submit their proposals no later than Monday, April 20, 2026, 14:00 HRS CAT

Responding bidders are advised that this solicitation does not in any way obligate AFR to make a contract award or compensate the responding consultant for any costs associated with the preparation and submission of their proposals. Additionally, AFR may award a contract without conducting negotiations; all proposals should be submitted initially using your most favorable terms. AFR reserves the right to award any resultant contract to other than the offeror submitting the lowest price proposal based on technical excellence, schedule superiority or client request.

All communications regarding this RFP should be addressed via email: procurement02@afr.rw

Below is the summary planned procurement schedule:

Note: This procurement is open to both Local and International consultants.  

Cordially,
Jean Bosco Iyacu
Chief Executive Officer