Consulting Firm to Undertake the Independent Valuation of Assets for the Somali National Fiber Infrastructure Company (SONFIC) Special Purpose Vehicle

COUNTRY: Federal Republic of Somalia

NAME OF PROJECT: Eastern Africa Regional Digital Integration Project (EA-RDIP)

PROJECT ID: P176181

Assignment Title: Consulting Firm to Undertake the Independent Valuation of Assets for the Somali National Fiber Infrastructure Company (SONFIC) Special Purpose Vehicle

Reference No.: SO-MOCT-FGS-580867-CS-CQS

Place of assignment: Mogadishu, Somalia

Submission Date: November 25, 2026, 2.00pm (local time, Mogadishu, Somalia)

The Federal Republic of Somalia has received a grant from the International Development Association (IDA) of the World Bank toward the cost of the Eastern Africa Regional Digital Integration Project (EA-RDIP), and the Ministry of Communications and Technology intends to apply part of the proceeds for consulting services. The consulting services (“Services”) are required to be undertaken by an external consulting firm supporting the client, the Ministry of Communications and Technology (MoCT), FGS, through the EA-RDIP Project Implementation Unit (PIU), to carry out the “Consulting Firm to Undertake the Independent Valuation of Assets for the Somali National Fiber Infrastructure Company (SONFIC) Special Purpose Vehicle” . Under Component 1 of EA-RDIP, the Government is establishing a national wholesale, open-access fiber backbone through the Somali National Fiber Infrastructure Company (SONFIC), a Special Purpose Vehicle formed in September 2026 by the Government and five licensed telecommunications operators (the “Founding Operators”). Existing operator Inter-City fiber and related assets are to be contributed to SONFIC in return for shares, on the basis of an independent valuation. The Firm will act as Independent Valuer and will: (i) establish a verified inventory of the assets proposed for contribution by each Founding Operator, including technical audit, ownership, title and encumbrance checks; (ii) determine which assets are eligible; (iii) determine the fair value of each contribution under the International Valuation Standards (IVS) and IFRS 13, using cost, market and income approaches; (iv) convert accepted values into Class A share allocations and value the options for any excess contribution; and (v) hand over the asset register, valuation model and working papers to MoCT/PIU and train staff. The results must be auditable and suitable to support the SONFIC Board and shareholder resolutions authorizing each allotment. The consultant firm will undertake all the specific tasks detailed in the Terms of Reference (ToR). The assignment is expected to be completed within approximately three (3) months (thirteen (13) weeks) from contract effectiveness. Terms of Reference (ToR) can be found at the following website: https://moct.gov.so/en/jobs/ or it can be provided upon submission of application in person or by e-mail. The e-mail address is provided below. The Ministry of Communications and Technology now invites eligible consulting firms (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). The short-listing criteria are as follows: The short-listing criteria are as follows: Core business of the firm and at least eight (8) years of relevant organizational experience in asset valuation, financial advisory or transaction advisory services, with evidence of the company registration certificate, business license or operational permit, and a company profile indicating services offered and years in operation. The firm should demonstrate successful completion of at least three (3) comparable valuation assignments for telecommunications, fiber optic or other network/linear infrastructure, including at least one (1) involving contributions in kind, Special Purpose Vehicle (SPV) or joint venture formation, or the determination of shareholding among multiple contributors. Demonstrated application of the International Valuation Standards (IVS) and IFRS fair-value principles, and experience in physical verification of assets, including in difficult-access environments, is required. For each assignment, firms should indicate the client, contract value, duration, scope of services and the firm’s role. Demonstrate experience of relevant services implemented in Somalia, or in Africa, fragile/conflict-affected or comparable environments similar to that of Somalia; experience with public-sector clients and World Bank-financed assignments will be an advantage; and The technical and managerial organization of the firm, including documented quality-assurance systems and the capacity to manage and protect commercially sensitive data. (Provide only the structure of the firm’s organization.) Do not provide CVs of staff . Key experts will not be evaluated at the shortlisting stage.

The attention of interested Consultants is drawn to paragraphs 3.14, 3.16 and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Financing - Goods, Works, Non-Consulting and Consulting Services dated July 2016 and revised in November 2017, August 2018, November 2020 and September 2023, (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. In particular, the Consultant shall be independent of SONFIC, the Founding Operators and their shareholders, and shall disclose any past or present relationship with them in its Expression of Interest. Consultants may associate with other firms to enhance their qualifications but should indicate clearly whether the association is in the form of a Joint venture and/ or a Sub consultancy. In case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected. A Consultant will be selected in acco