FAGACE Seeks Expertise to Bolster African Development Funding
The Fonds Africain de Garantie et de Coopération Économique (FAGACE), a key financial institution supporting economic and social development across Africa, has launched a call for expressions of interest from specialized consulting firms. The organization is building a database of experts in financial engineering and project development to support its mission of increasing investment and sustainable growth within its 14 member states. This initiative underscores FAGACE’s commitment to strengthening its capacity to facilitate complex financial transactions and provide crucial support to businesses and governments throughout the continent.
Established in 1977, FAGACE has played a significant role in mobilizing over 2,500 billion CFA francs (approximately $4.1 billion USD as of February 23, 2026, based on current exchange rates) for development projects over the past four decades, according to the organization’s website. FAGACE aims to complement traditional financial systems by providing guarantees and support for projects that might otherwise struggle to secure funding. The current call for expertise is a strategic step towards enhancing this capability and expanding its reach.
Areas of Required Expertise
FAGACE is specifically seeking partnerships with firms demonstrating expertise in the following areas:
- Financial engineering and structuring of financing.
- Development of bankable business plans.
- Feasibility studies (technical, economic, and environmental).
- Public-Private Partnership (PPP) advisory and fundraising.
These areas of focus reflect FAGACE’s commitment to supporting a diverse range of projects, from infrastructure development and industrial initiatives to slight and medium-sized enterprise (SME) growth and sustainable development projects. The organization recognizes the critical role of well-structured financing and robust project planning in attracting investment and ensuring long-term success.
Strategic Partnerships and Memoranda of Understanding
Firms selected to join FAGACE’s database will be considered for strategic missions across Africa. Successful applicants will be invited to sign a Memorandum of Understanding (MOU) with FAGACE, formalizing their partnership and outlining the terms of potential collaboration. This MOU will serve as a framework for engaging these firms on specific projects, leveraging their expertise to address critical development challenges.
Recent collaborations demonstrate FAGACE’s proactive approach to partnership. In February 2026, FAGACE partnered with the Banque Arabe de Développement Économique en Afrique (BADEA) to support Chad’s public financial management, as highlighted on the FAGACE website. FAGACE has strengthened ties with the Union Togolaise de Banque (UTB) to stimulate investment in Africa and consolidated its partnership with the African Banking Association (ABAO). These collaborations illustrate FAGACE’s dedication to fostering a strong network of financial institutions and expertise to drive economic growth.
Expanding Regional Presence: Recent Dakar Office
This call for expertise comes on the heels of FAGACE’s recent expansion of its regional presence with the opening of a new regional office in Dakar, Senegal, on February 19, 2026. Seneweb reported that the office will serve as a hub for West Africa, covering Senegal, Mauritania, Guinea-Bissau, and Mali, with plans to expand coverage to Guinea, Gambia, and Sierra Leone in the near future. This strategic move underscores FAGACE’s commitment to a more localized approach, enabling it to better respond to the specific needs of member states and facilitate closer collaboration with local financial institutions and project developers.
The Dakar office was inaugurated by the Minister of Finance and Budget of the Central African Republic, Hervé Ndoba, who also serves as President of the FAGACE Council of Governors, alongside Senegal’s Minister of Finance and Budget, Cheikh Diba, and FAGACE Director General, Ngueto Tiraïna Yambaye. This high-level attendance highlights the importance of this regional expansion to both FAGACE and its member states.
FAGACE’s Strategic Vision for 2026-2030
The organization is currently engaged in a collective effort to develop its strategic plan for the period 2026-2030. According to FAGACE’s website, this plan will focus on strengthening its role in sustainable financing in Africa and adapting to the evolving needs of the continent’s economies. The call for expert firms is directly aligned with this strategic vision, aiming to equip FAGACE with the necessary resources to effectively implement its ambitious goals.
Director General Ngueto Tiraïna Yambaye has been a vocal advocate for innovation in financial solutions and African financial sovereignty. He recently presented FAGACE’s ambitions for a reformed institution focused on the future of African financing at the Club de l’Economiste, as reported on the FAGACE website. His leadership is driving a renewed focus on leveraging financial instruments to promote economic independence and sustainable development across the continent.
Application Details and Deadline
Interested firms are invited to submit a single PDF document containing their profile and relevant experience to [email protected]. The deadline for submissions is Monday, March 9, 2026, at 5:00 PM (Cotonou time). Detailed eligibility criteria and required documentation are available in the complete notice, which can be downloaded from Financial Afrik.
This initiative represents a significant opportunity for specialized consulting firms to contribute to FAGACE’s mission of driving economic and social progress in Africa. By partnering with FAGACE, these firms will play a vital role in shaping the future of financing and development on the continent.
The next key date for interested parties is the application deadline of March 9, 2026. Firms are encouraged to review the complete notice and prepare their submissions accordingly. For further information and updates, please visit the FAGACE website or contact the organization directly.