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AFRICAN DEVELOPMENT BANK

EGYPT

SUPPORT TO EGYPTIAN AGENCY OF PARTNERSHIP FOR

DEVELOPMENT (EAPD) FOR ENHANCING EGYPT-

COMESA TRADE AND INVESTMENT

ORNA/EGFO/GECL/DEPARTMENTS

April 2015 Pu

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CURRENCY EQUIVALENTS ________________________________________________ i

FISCAL YEAR ____________________________________________________________ i

ABBREVIATIONS AND ACRONYMS ________________________________________ i

GRANT INFORMATION ____________________________________________________ ii

RESULT-BASED LOGICAL FRAMEWORK __________________________________ iii

CONTENTS

I. BACKGROUND 1

II. DESCRIPTION OF THE PROPOSED PROJECT 3

2.1. Project Objective .............................................................................................................. 3

2.2. Project Outcomes .............................................................................................................. 3

2.3. Outputs.............................................................................................................................. 3

2.4. Program Components, Outputs & Activities .................................................................... 4

2.5. Main Beneficiaries ............................................................................................................ 5

2.6. Justification on the Use of Resources ............................................................................... 5

III. COST ESTIMATES & FINANCING PLAN 6

3.1. Cost Estimates .................................................................................................................. 6

3.2. Financing Plan .................................................................................................................. 6

3.3. Cost Estimates by Component .......................................................................................... 7

3.4. Cost Estimates by Expenditures by Category................................................................... 8

IV. MODE OF PROCUREMENT OF SERVICES AND GOODS 8

V. IMPLEMENTATION ARRANGEMENTS 10

VI. FINANCIAL ARRANGEMENTS 10

6.1. Disbursement .................................................................................................................. 10

6.2. Financial management .................................................................................................... 10

6.3. Institutional Arrangements ............................................................................................. 10

6.4. Audit ............................................................................................................................... 11

6.5. Suspension of Disbursement .......................................................................................... 11

6.6. Legal Instrument ............................................................................................................. 11

6.7. Conditions Precedent to First Disbursement…………………………………………... 11

6.8. Undertakings……………………………………………………………………………11

VII. CONCLUSION AND RECOMMENDATION FOR BANK’S CONSIDERATION 12

7.1. Conclusion ...................................................................................................................... 12

7.2. Recommendation ............................................................................................................ 12

A. LIST OF TABLES

Table 1: Financing Plan .................................................................................................................................6

Table 2: Cost Estimates by Component ........................................................................................................7

Table 3: Cost Estimates by Category ............................................................................................................8

B. LIST OF ANNEXES

ANNEX 1: DETAILED PROJECT COSTS

ANNEX 2: FINANCIAL MANAGEMENT ASSESSMENT

ANNEX 3: PROCUREMENT ACTIVITIES (AFDB)

ANNEX 4: DRAFT WORK PROGRAM AND IMPLEMENTATION SCHEDULE

ANNEX 5: LETTER OF SUPPORT

i

C. CURRENCY EQUIVALENTS October 2014

1 UA = 10.62 EGP

1 UA = 1.48 US$

1 US$ = 7.16 EGP

D. FISCAL YEAR

1st July - 30th June

E. ABBREVIATIONS AND ACRONYMS

COMESA:

CQS

EGP:

FM:

FY:

GPN:

MIC:

MIC TAF:

PFM:

TYS:

EAPD:

EAIF:

GAFI:

COMESA RIA:

UNDB:

MoFA:

MoU

GPEDSC:

QCBS:

PCR:

ISA:

SSA

UA:

Common Market for Eastern and Southern Africa

Consultant Qualification Selection

Egyptian Pound

Financial Management

Fiscal Year

General Procurement Notice

Ministry of International Cooperation

Middle Income Country Technical Assistance Fund

Public Financial Management

Ten Year Strategy

Egyptian Agency of Partnership for Development

Egypt Africa Investment Forum

General Authority of Trade and Free Zones

COMESA Regional Investment Agency

United Nations Development Business

Ministry of Foreign Affairs

Memorandum of Understanding

Government’s Program for Economic Development and Social Justice

Quality Cost Based Select

Project Completion Report

International Standards of Auditing

Sub Saharan Africa

Unit of Account

ii

F. GRANT INFORMATION

Client’s information

BENFICIARY: THE ARAB REPUBLIC OF EGYPT

EXECUTING AGENCY: EGYPTIAN AGENCY OF PARTNERSHIP FOR

DEVELOPMENT (EAPD), Ministry of Foreign Affairs

Financing plan

Source Amount (‘000 UA) Instrument

MIC Trust Fund 1,200 Grant

Government 64

TOTAL COST 1,264

ADB’s Key Financing Information

Grant currency

US dollars

Time-frame - Main Milestones (expected)

Project approval February 2015

Effectiveness February 2015

Completion December 2016

Final Disbursement December 2016

iii

G. RESULT-BASED LOGICAL FRAMEWORK

Project Name: Support EAPD for enhancing Egypt- COMESA Trade and Investment

Project Objective: To enhance Egypt-COMESA trade and investment and encourage Egyptian private sector to do business in COMESA countries

Results chain Performance indicators Means of verification Risks/ mitigation measures

Indicator (including

CSI)

Baseline Target

Imp

act

Impact: Enhanced Egyptian

trade and investment flows

from/ to Africa

Increase in the number of

Egyptian businesses

trading and investing in the

COMESA region

Numbers

collected under

Output 6

(Media and

marketing

campaign

strategy) and

other official

sources

5% more than baseline EAPD and COMESA

IPA reports, available

research report (GoE,

AfDB, academics, other

institutions), project

private sector database,

and project final report

Ou

tpu

ts

Outcome 1: Endow EAPD

with the tools and

information necessary to

become an Egypt-Africa

trade and investment

facilitation hub

• Number of online portal

visitors from launch to end

of the project (comprising

a guide to doing business

in 10 African countries and

African finance and

insurance mechanisms

guide)

• Number of requests/

inquiries channelled to

RIA and EAPD

• 50,000 online portal visitors by the

end of the project

• A minimum of 200 requests/ inquiries

channelled to RIA and EAPD

• Web analysis reports

• RIA and EAPD

inquiry/ requests

records

• Quarterly reports,

mid-term and final

reports

• Change in attitude of Egypt towards the

expansion of political and economic

relations with Africa, the deepening of

integration with COMESA, and Nile Basin

issues due to change in leadership

Mitigation measure: Awareness activities

and meetings with all project stakeholders

and especially with the Egyptian government

are implemented in parallel so as to build

consensus.

• Egyptian private sector is not receptive to

the marketing campaign.

Mitigation measure: To develop the main

message (the selling proposition) to

disseminate through the marketing

campaign, the perception gap between

Egyptian investors doing business in

COMESA/Africa and those that are not,

among other things, will be used, so as to

make sure to tell the later exactly what they

need to hear to increase business in

Outcome 2: Strengthen the

institutional capacity of

EAPD to support Egyptian

private sector to invest and

trade in Africa

• Successful

implementation of EAPD

medium-term strategic

plan

• Given that risks are mitigated, EAPD

medium-term strategic plan is

implemented and progress tracked

through project M&E

• Board approved

medium-term strategic

plan

• Mid-term and final

evaluations

iv

Outcome 3: Promote Egypt-

Africa trade and investment

• Number of attendees at

the Egypt-Africa

Investment Forum

• Number of barter deals

achieved with TV, radio,

and printed media

• Number of Ministerial

and private sector talk

shows done in Egypt and

Africa and number of

participants

• Number of individual

meetings held with

investors and traders

• Number of requests/

inquiries channelled to

RIA and EAPD

• A minimum of 1,500 high-level

attendees at the Egypt-Africa

Investment Forum

Minimum of 15 barter deals achieved

with TV, radio, and printed media

• A minimum of 20 attendees X 10

Ministerial and private sector talk

shows (including launch and closing

events)

• A minimum of 60 individual

meetings with investors and traders

held

• A minimum of 200 requests/ inquiries

channelled to RIA and EAPD

• Egypt-Africa

Investment Forum

report

• Media/visibility

reports, actual TV

footage, radio

recordings, and printed

coverage

• Talk show reports

• Individual meeting

minutes


mid-term and final

report

• RIA and EAPD

inquiry/ requests

records

COMESA. The marketing campaign, as the

market research and brand development will

be demand-driven, and will be developed by

professional marketers. Additionally,

COMESA RIA private sector awareness

activities (events, publications, investor

targeting) outside of the project are

implemented so as to reinforce project

efforts in this direction.

• Inability of EAPD to maintain the

momentum built by the project.

• Mitigation measure: this risk is mitigated

by the fact there is a clear policy on the

Egyptian Government side to expand

relations with COMESA/Africa, specifically

through trade and investment. Component 1: Development of an Egypt-Africa Trade and Investment Information Portal to facilitate and boost Egypt-Africa trade and

investment

Output 1: 2 Egypt-Africa

Trade and Investment

Information Guides to

provide Egyptian and African

private sector with trade and

investment information and

strategies including a guide

on ways to do business in 10

African countries and an

African finance and

insurance mechanisms guide

• Availability of Egypt-

Africa Trade and

Investment Information

Guides including Doing

business in 10 African

countries and African

finance and insurance

mechanisms

• Number of attendees at

the finance and insurance

mechanisms methodology

validation/ inception

round-table with experts

• 2 completed guides, including 1

doing business guide in 10 African

countries (including at least policy and

special incentives, labour force

analysis, procedures, licenses &

permits, taxes, legal framework,

services and cost of doing business,

SWOT analysis, a minimum of 50

trade and investment opportunities,

local partners contacts, etc.) as well as1

African finance and insurance

mechanism guide (with available

finance and insurance mechanisms,

contacts, description, effectiveness,

advantages and disadvantages,

requirements, and means of access)

• 1 finance and insurance mechanisms

methodology validation/ inception

round-table with a minimum of 6

experts in attendance

• Actual doing business

in 10 African countries

guide

• Actual insurance and

finance mechanisms

guide

• Finance and insurance

mechanisms

methodology

validation/ inception

round-table report

• Quarterly, mid-term,

and final reports

v

Output 2: Development of

Egypt-Africa Trade and


Portal

• An operational Egypt-

Africa Trade and


Online Portal containing

doing business information

for 10 African countries

and African finance and

insurance mechanisms

• Number of visitors from

launch to end of project

• 1 online Egypt-Africa Trade and

Investment Information Portal

(contents arrangements, design,

development, and hosting)

• 50,000 visitors by the end of the

project

• Actual portal

• Web analysis reports

• Quarterly, mid-term,

and final reports

Component 2: Capacity-building of EAPD and Egyptian officials

Output 3: Draft a 5-year

medium-term strategic plan

for EADP

• Approval of medium-

term strategic plan by

EAPD board

• 1 5-year medium-term strategic plan

and approval of the latter by EAPD

board

• Actual medium-term

strategic plan

• Board meeting

minutes

Output 4: Egyptian officials

and Egyptian diplomats will

be trained to carry-out trade

and investment promotion

targeting Egyptian private

sector looking to do business

in Africa.

• Number of trainings

delivered and number of

trainees (EAPD and

Egyptian officials)

• Number of investment

promotion trainings

delivered and number of

trainees (Egyptian

diplomats and officials)

• 2 trainings for EAPD and relevant

Government officials with min. of 15

trainees each

• 2 investment promotion trainings for

a minimum of 10 Egyptian diplomats

in each training

• Training reports

• Investment promotion

for diplomats training

reports


mid-term and final

reports

Component 3: Egypt-Africa Investment Forum

Output 5: Holding of high-

level Egypt-Africa

Investment Forum will be

organized under the auspices

of H.E. Abdel Fatah El-Sisi,

President of Egypt, in the last

quarter of 2015

• Successful organization

of an Egypt-Africa

Investment Forum

-Number and distribution

of attendees and number of

high-level speakers

-Media coverage

-Number of B2B meetings

held

-Number of leads

generated by the event

• 1 Egypt-Africa Investment Forum

-A minimum of 1,500 high-level

attendees (50% from Egypt, 25% from

Africa, and 25% international) and 70

high-level speakers

-Media coverage of the event by at

least 50 on-site media and 300 postings

through online media

-A minimum of 100 B2B meetings

organized in the event

-At least 20 genuine leads generated by

the event

• Egypt-Africa

Investment Forum

report


mid-term and final

reports

Component 4: Marketing and Investment Promotion

vi

Output 6: Carry-out media

and marketing campaign to

promote Egypt Africa trade

and investment opportunities

• Availability of media and

marketing strategy (which

should include number of

‘’in Africa’’ and ‘’not in

Africa’’ Egyptian

businesses gathered and

interview conducted with

the latter about doing

business in Africa)

• Number of barter deals

achieved with TV, radio,

and printed media

• 1 media and marketing campaign

strategy (including database of 500 “in

Africa” and “not in Africa” Egyptian

businesses and 50 interviews with the

latter about doing business in Africa)

• Minimum of 15 barter deals achieved

with TV, radio, and printed media

• Actual media and

marketing strategy

(database of contacts

and interview records)

• Media/visibility

reports, actual TV

footage, radio

recordings, and printed

coverage

• Quarterly and final

reports

Output 7: Ministerial and

private sector investment and

trade talk shows in Egypt and

Africa

• Number of Ministerial

and private sector talk

shows done in Egypt and

Africa and number of

participants

• A minimum of 20 attendees and 10

Ministerial and private sector talk

shows (including launch and closing

events)

• Talk show reports

• Quarterly and final

reports

Output 8: Business

opportunity meetings with

Egyptian investors

• Number of “in Africa”

and “not in A

• A minimum of 60 individual

meetings with investors and traders

held

• Meeting minutes

• Quarterly, mid-term

and final reports

Key

act

ivit

ies

Components Inputs

USD UA (XRT: 1.48)

Component 1: Development of an Egypt-Africa Trade and Investment Information Portal to facilitate and boost

Egypt-Africa trade and investment

415,880 281,000

Recruit consulting firm (A) to develop the contents of a doing business information in Africa guide including finance and

insurance mechanisms (including subscription to fDi Intelligence)

355,200 240,000

Recruit consulting firm (B) to design, develop, host, and publish the portal 60,680 41,000

Component 2: Capacity-building of EAPD and Egyptian officials 325,600 220,000

Recruit a consulting firm (C) to develop strategic medium-term strategic plan 99,600 67,297

Recruit consulting firm (C) to develop training materials, provide TOT to training arm of the MOFA and conduct 4

training workshops for diplomats and Egyptian officials in Cairo.

226,000 152,703

Component 3: Egypt-Africa Investment Forum 457,320 309,000

Recruit an event management firm (D) and website, mobile app, B2B and registration platform development company

(B) to organise the Investment Forum

457,320 309,000

Component 4: Marketing and Investment Promotion 457,320 309,000

Recruit media company (E) to carry out media campaign in print, radio and TV and organise ministerial and private

sector trade and investment talk shows both in Egypt and in targeted African countries

150,079 101,405

vii

Recruit company (E) to organize talk shows in Egypt and Africa (4 in Q5 in Africa, 2 in Q5 in Egypt, 1 in Q6 in Africa, 2

in Q6 in Egypt, and 1 in Q7 in Egypt)

214,001 144,595

Organize meetings with Egyptian investors wishing to do business in Africa 0.00 0.00

Audits and M&E 39,960 27,000

Total Base Cost 1,602,840 1,083,000

Contingency (10.8%) 173,160 117,000

MIC TRUST FUND TOTAL 1,776,000 1,200,000

Government Contribution 94,720 64,000

Total Program Cost 1,870,720 1,264,000

1

I. BACKGROUND

1.1 Since the January 2011 revolution, Egypt has been going through a protracted process of

political transition, with growing social and economic challenges and major nationwide uprisings that

have re-directed the political scene. However, the country successfully approved a new Constitution in

January 2014 and held new elections in May 2014, thus achieving key milestones of the transition

roadmap that was issued after the ousting of President Morsi in July 2013. These are scheduled to be

followed by parliamentary elections for the establishment of new Parliament in 2015. Meanwhile the

current cabinet has been working towards restoring security, prioritizing policy reforms towards

economic recovery, and improving socio-economic environment.

1.2 The political transition however slowed down economic activity with structural bottlenecks

and fiscal challenges. GDP growth has slumped down to about 2.2% and is expected to remain that way

for the rest of 2014 and into 2015. The fiscal and balance-of-payments deficits have deteriorated with

fiscal deficit projected to reach 11.5% of GDP in 2014. Unemployment has continued to increase, rising

by more than 4 percentage points since 2010 to 13.4% in Q1 FY 2013/2014. The main challenge facing

the government is to sustain higher levels of GDP growth with sufficient job creation driven by private

sector growth.

1.3 To achieve the high growth rates, the Government’s economic recovery is anchored on

implementing bold structural reforms and government stimulus packages, promoting mega

infrastructure projects and increasing FDI flows. Amongst the most notable reforms are those in

the area of energy (fuel and electricity) and food subsidies, enhancement of fiscal policies and a new

draft investment law. The Government is keen to boost private sector growth through domestic and

foreign investments by streamlining the processes and encouraging potential growth sectors. To this end,

to encourage more FDI flows the Government will organise an Egypt Economic Summit in February

2015. The main objective will be to re-position the Egyptian economy, regain foreign and local investor

confidence and enlist the support of private sector and development partners to finance select investment

projects.

1.4 Apart from focusing on efforts to encourage FDIs into the country, the current Government

is committed to increase trade and investment from/to African countries. Egypt is a member of

several regional economic communities (RECs) including the Common Market for Eastern and Southern

Africa (COMESA)1 and some bilateral PTAs with countries such as Morocco, Tunisia and Libya. Egypt’s

total volume of trade with Africa is very modest accounting for only 3% in 2011. Despite being a

member of COMESA that consists of 19 Member States, the volume of trade between Egypt and

COMESA countries has also been rather limited2 reaching 2.8% in 2012, and excluding Libya, 1.9%

only. The main obstacles identified for this low volume of trade has been the existence of non-tariff

measures including border procedures, inefficient infrastructure (transport and logistics), lack of storage

and warehousing facilities and lack of trade promotion activities3. Other factors include weak interest

from Egyptian private sector that traditionally has focused on markets in Europe and Middle East, lack of

information on potential opportunities, fear of political risks and payments and lack of insurance schemes

to protect their investments.

1.5 This perspective to diversify Egypt’s exports to emerging markets has been echoed by H.E.

Abdel Fatah El Sisi, Egypt’s President, in his keynote speech at Euromoney’s Egypt Conference on

Stability Investment Growth in September 2014. On this occasion, President El Sisi stressed that “Egypt

not only boasts considerable human resources, but also significant natural resources, a diverse economic

1 Egypt joined COMESA in 1998

2 Main exports from Egypt to COMESA countries are: food products, building materials and metal goods,

Engineering and electrical products, chemicals, paper and fertilizers including medical products 3 These were amongst the main recommendations emanating from workshop held with private sector on a study

financed by the AfDB on Egypt-COMESA trade enhancement.

2

base and a geo-strategically important position straddling Asia and Africa. There are many opportunities

for both domestic and foreign investors in an array of sectors”.

1.6 The current Government is keen to merge two concepts: increasing trade and investment

volumes with African countries, in particular with COMESA Member States, within the context of its

foreign policy goals, especially with Nile Basin countries, most of which are also members of COMESA.

The Government is aware that the opportunities for enhancing increased trade and investment with

African states are enormous based on several key factors:

Egypt’s comparative advantage in terms of its well-diversified industrial base and its

strategic location at the crossroads of Europe, the Gulf, Asia, and Africa;

Egypt’s membership in COMESA since 1999;

Strong growth in many African economies with diversifying economies, a growing

middle class of over 313 million consumers and consumer spending projected to reach

USD 1.4 trillion by 2020. This growth potential can lead to immense opportunities for the

Egyptian manufacturing sector and for direct investments in the sectors of road, air, sea,

and rail transport infrastructure, energy, mining, ICT, real estate, agriculture, agro-

processing industries, fisheries, and livestock, tourism, manufacturing, logistics,

hospitality, trade, and more.

1.7 To this effect, in July 2014, the Government set up the Egyptian Agency of Partnership for

Development (EAPD), which is within the Ministry of Foreign Affairs to lead the effort for increasing

trade and investment volumes. The objectives of EAPD are two-fold: enhancing trade and promoting

private investments, particularly in Africa. Given that EAPD was established a few months ago, there is

an urgent need to provide technical support to EAPD to enable it to deliver on its mandate through some

quick wins, notably by organizing the Egypt-Africa Investment Forum in December 2015. EAPD’s vision

is to use Egypt’s strong presence through its Embassies and diplomatic representation in African

countries to serve as channels to promote business opportunities for Egyptian manufacturing and service

sectors to increase trade volumes, to encourage Egyptian direct investments, to establish supply chains

and to protect the interests of Egypt’s current investments.

1.8 The Government has turned to the African Development Bank given its strong base and

network of field offices in Africa to support EAPD business planning and delivery approach. This

includes designing a three-year strategy aiming at promoting trade and investment with Africa,

developing a guide on doing business in 5 selected COMESA Member States and on African finance and

insurance mechanisms, along with establishing an Egypt-Africa Trade and Investment business portal and

training of Egyptian Government officials and diplomats. This will culminate with the organization of a

high-level Egypt-Africa Investment Forum in December 2015 under the auspices of H.E. El Sisi,

President of Egypt, as well as organization of high-level Ministerial and private sector talk shows in both

Egypt and African countries, and the implementation of a media campaign to support the latter. It is

foreseen that the aforementioned Investment Forum could be extended by one day to include a planned

high-level Ministerial meeting of Nile Basin Energy Ministers to discuss regional integration in the

energy sector that is part of the proposed activity under an ongoing Korea Trust Fund that the Bank is

implementing.

1.9 The proposed project will thus help to build the capacity of EAPD to play a leading role in

promoting greater trade and investment between Egypt and African countries initially through this project

that will focus, in the form of a pilot, on COMESA Member States. Based on the success of this project,

this concept may be replicated with other African member states and other regions of the world. The

proposed intervention will provide the tools and expertise needed to encourage such trade and investment

and will comprise the organization of an Investment Forum, which will bring together private sector and

governments from both sides to discuss and arrange joint ventures and promote trade and investment for

Egypt.

3

1.10 Based on the request from the Ministry of International Cooperation (MIC), the project will be

technically supported by the COMESA Regional Investment Agency (COMESA RIA). COMESA RIA

was launched in 2006 with the aim to promote the COMESA region as an attractive investment

destination, and to work on improving the overall COMESA business and investment climate, namely

through technical assistance programs targeting COMESA Governments. COMESA RIA is hosted by

Egypt in its capacity as one of the COMESA Member States. Since COMESA RIA’s inception, various

activities have taken place with and for Egypt including the organization of two international COMESA

Investment Forums and various road shows, the promotion of Egypt’s investment opportunities, business

climate, and doing business information through events, printed and online media, and the organization of

different trainings and workshops. COMESA RIA has the expertise to help EAPD team with technical

expertise.

II. DESCRIPTION OF THE PROPOSED PROJECT

2.1. Project Objective

The overall objective of the project is to enhance Egyptian trade and investment flows from/to

Africa.

2.2. Project Outcomes

The main expected outcomes of the envisaged intervention will be:

Outcome 1: Endow EAPD with the tools and information necessary to become an Egypt-Africa

trade and investment hub;

Outcome 2: Strengthen the institutional capacity of EAPD to support Egyptian private sector to

invest and trade in Africa; and

Outcome 3: Promote Egypt-Africa trade and investment.

2.3. Outputs

Component 1: Development of an Egypt-Africa Trade and Investment Information Portal:

facilitate and boost Egypt-Africa trade and investment

Output 1: Egypt-Africa Trade and Investment Information Portal to provide Egyptian and African

private sector with trade and investment information and strategies, and way to do business in

Africa including finance and insurance mechanisms available in Africa

Output 2: Development of Egypt-Africa Trade and Investment Information Portal.


Output 3: Draft a 5-year medium-term strategic plan for EADP

Output 4: Egyptian officials and Egyptian diplomats will be trained to carry-out trade and

investment promotion targeting Egyptian private sector looking to do business in Africa.


Output 5: Holding of high-level Egypt-Africa Investment Forum will be organized under the

auspices of H.E. Abdel Fatah El-Sisi, President of Egypt, in the last quarter of 2015.


Output 6: Carry-out media and marketing campaign to promote Egypt Africa trade and

investment opportunities

Output 7: Ministerial and private sector investment and trade talk shows in Egypt and Africa

Output 8: Business opportunity meetings with Egyptian investors.

4

2.4. Program Components, Outputs & Activities

2.4.1 Component 1: Development of an Egypt-Africa Trade and Investment Information Portal:

facilitate and boost Egypt-Africa trade and investment

2.4.2 Under this component, a guide to doing business in 10 COMESA Member States, including

African trade and insurance mechanisms will be developed so as to provide strategic information to

Egyptian private sector wishing to trade and invest in Africa and hence further encourage the latter to do

business in Africa.

2.4.3 Following the development of this comprehensive doing business tool, a consultancy firm will be

recruited to design, develop, and host, an Egypt-Africa Trade and Investment Portal to disseminate the

gathered strategic information.

Outputs Activity / procurement actions

1. Development of contents (10)

Doing Business Guides in Africa,

including finance and insurance

mechanisms available in Africa

Recruit consulting firm (A) to develop the contents of

doing business in Africa guide and finance and insurance

mechanisms guide (incl fDI subscription)

2. Development of portal

Recruit consulting firm (B) to design, develop, host, and

publish the portal

2.4.4 Component 2: Capacity-building of EAPD and Egyptian officials

2.4.5 As of the beginning of the project, EAPD will receive technical assistance to assist and promote

Egyptian private sector investing and trading and/or wishing to trade and invest in Africa. This is the

second component of the project. This will include the development of EAPD’s medium-term strategic

plan the delivery of trainings for EAPD, Egyptian diplomats, and relevant Government Officials.

Component Activity / procurement actions

3. EAPD 5-year medium-term

strategic plan

Recruit a consulting firm (C) to develop strategic

medium-term strategic plan

4. Training of Egyptian officials

and Egyptian diplomats on how to

carry-out trade and investment

promotion targeting Egyptian private

sector looking to do business in Africa.

Recruit consulting firm (C) to develop training materials,

provide TOT to training arm of the MoFA and conduct 4

training workshops for diplomats and Egyptian officials

in Cairo.

2.4.6 Component 3: Egypt-Africa Investment Forum

2.4.7 One of the key activities planned for this new initiative will be the holding of a high level Egypt-

Africa Investment Forum to be held under the auspices of H.E. Abdel Fatah El-Sisi, President of Egypt, in

the last quarter of 2015. The forum will provide key decision-makers – both business leaders and policy-

makers – with a unique platform to engage in a productive dialogue on available opportunities and

challenges to address, as well as to identify appropriate frameworks which can lead to mutually beneficial

business relations. During the Forum, an expected 1,500 delegates from Egypt, Africa and rest of the

world, will have the chance to access a large array of networking opportunities and engaging sessions in

which they will have the opportunity to exchange with high-level speakers. In addition to the latter,

strategic investment projects will be showcased and ministerial and business leader round-table organized

so as to enable decision-makers further their undertakings.

5


5. Egypt-Africa Investment Forum Recruit an event management firm (D) to organize the

Investment Forum and consulting firm (B) to develop

website, mobile apps, and B2B and registration platform

2.4.8 Component 4: Marketing and Investment Promotion

2.4.9 In order to effectively promote the business portal, a marketing and media campaign strategy will

be rolled out and will include gathering at least 500 Egyptian business contacts in-and-out-side of Africa

as well as a minimum of 50 interviews to assess the perception gap between “in Africa” and “not in

Africa” businesses regarding doing business in Africa. The marketing campaign will be carried out to

promote the activities of EAPD, portal and the EAIF using TV, radio, and printed media, talk shows with

various business associations and individual meetings with potential investors.


6. Media and marketing campaign

in Egypt including print, radio and TV

(strategy and coverage)

Recruit media company (E) to carry out media campaign

in print, radio and TV

7. Ministerial and private sector

investment and trade talk shows in

Egypt and Africa

Recruit media company (E) to organize talk shows in

Egypt and Africa

8. Business opportunity meetings

with Egyptian investors

Organize meetings with Egyptian investors wishing to do

business in Africa

2.4.10 Component 5: Project Management

2.4.11 The project will be executed by COMES RIA and an audit firm will be recruited to carry out

audit of project activities; in addition, there will be a need for hiring a consulting firm to carry out M&E.


9. Annual Audit and M&E 11a. Recruit an audit firm (F) to carry out audit of

project activities (two for the duration of the project)

11b. Recruit a consulting firm (G) to carry-out M&E

during the project (final evaluation)

2.5. Main Beneficiaries

The main beneficiaries of the project will be: EAPD and its staff, the Egyptian private sector,

commercial attaches and Ambassadors in Africa of the Ministry of Foreign Affairs, other Egyptian

Government officials as well as COMESA private sector.

2.6. Justification on the Use of Resources

2.6.1 The project has the highest level of support from the President of Egypt who has committed to

enhance both FDI flows to Egypt as well as encourage more trade and investment by Egyptian private

sector especially to the COMESA and Nile Basin countries. The project falls within the three main

strategic documents, namely: (a) Egypt’s Vision 2022, (b) Government’s Program for Economic

Development and Social Justice (GPEDSC) issued by the previous interim Government in September

2013 with a view to guide the country’s development agenda; and (c) 5 year macro-economic policy

framework (2014/2015 to 2018/2019) that was presented at the October 2014 World Bank/IMF meetings.

This project’s objectives will attempt to address three of the seven objectives namely, (i) create

6

sustainable economic growth of 6% by the end of the 5-year period, (ii) accelerate job creation to bring

unemployment rate to a single digit figure, (iii) enhance export performance.

2.6.2 The project is consistent with the Bank Group’s extension Interim Country Strategy Paper (i-

CSP) 2014-2015 that places special emphases on issues related to Pillar I on infrastructure specifically on

enhancing intra-African trade through reinforced regional financial infrastructure. Furthermore, the

project is aligned to the Bank Group’s Ten Year Strategy (2013-2022) (TYS), which has amongst its five

operational priorities a focus on regional integration and private sector development. This proposal is also

aligned to the Bank’s private sector development strategy.

2.6.3 The proposal will go hand in hand with the current proposal for the establishment of a PPP hub

whose aim is to strengthen PPP projects in Egypt as well as to act as a conduit for encouraging PPP

investments from Egypt into other African countries, in key sectors such as infrastructure. The project’s

activities will also align very closely with the initial broad areas of support that have been identified in the

development of the North Africa Regional Integration Strategy Paper that is scheduled to resume in 2015.

III. COST ESTIMATES & FINANCING PLAN

3.1. Cost Estimates

The estimated total cost of the project, net of taxes and duties, is UA 1.2million. The Government

will be providing UA 64,000 in counterpart funding. Price and physical contingency of 10% has been

factored into the project cost. (See Annex 1 for detailed project costs).

3.2. Financing Plan

The Project costs supported by the AfDB will be financed by the MIC TAF according to the

financing plan below.

Table 1: Financing Plan (UA)

‘000 UA

Description AfDB/MIC TAF GoE

Components Local

Currency

Foreign

Exchange Total

FE

Costs

Local

Currency

Costs

Total

Services 0 1,056 1,056 0 0 0

Operating Costs 0 0 0 0 64 64

Project resources (Audits and evaluations) 27 0 27 0 0 0

Total Base Cost 27 1,056 1,083 0 64 64

Contingency (10.8%) 0 117 117 0 0 0

MIC TRUST FUND TOTAL

1,200 0 64 64

Grand Total (MIC TAF+GoE) 1,264

7

3.3. Cost Estimates by Component

Table 2: Cost Estimates by Component (UA)

COMPONENTS

‘000 UA

% F.E

%

Base

Cost Local Currency

Foreign

Exchange Total

Component 1: Development of an Egypt-Africa Trade and Investment Information Portal to facilitate and boost

Egypt-Africa trade and investment

Output 1: 2 Egypt-Africa Trade and Investment

Information Guides to provide Egyptian and

African private sector with trade and investment

information and strategies including a guide on

ways to do business in 10 African countries and

an African finance and insurance mechanisms

guide

240 240 100% 21%

Output 2: Development of Egypt-Africa Trade

and Investment Information Portal

41 41 100% 4%


Output 3: Draft a 5-year medium-term strategic

plan for EADP

67 67 100% 6%

Output 4: Egyptian officials and Egyptian

diplomats will be trained to carry-out trade and

investment promotion targeting Egyptian private

sector looking to do business in Africa.

153 153 100% 13%


Output 5: Holding of high-level Egypt-Africa

Investment Forum in the last quarter of 2015

309 309 100% 34%


Output 6: Carry-out media and marketing

campaign to promote Egypt Africa trade and

investment opportunities

101 101 100% 9%

Output 7: Ministerial and private sector

investment and trade talk shows in Egypt and

Africa

145 145 100% 12%

Output 8: Business opportunity meetings with

Egyptian investors

0 0

Audits and M&E

Audits 13 13 100% 1%

M&E 14 14 100% 1%

TOTAL BASE COST 27 1,056 1,083 100%

Contingency 10.8% 117 117

MIC TRUST FUND TOTAL 1,200

Government Contribution 64 64

Grand Total 1,264

8

3.4. Cost Estimates by Expenditures by Category

Table 3: Cost Estimates by Category

Description

‘000 UA

% F.E

% MIC

TRUST

FUND

TOTAL Local Currency

Foreign

Exchange Total

Services 1,056 1,056 100% 88%

Project resources (Audits

and evaluations) 27 0 27 100% 2%

Total Base Costs 27 1,083 1,083 100% 90%

Contingency (10.8%) 0 117 117 100% 10%

MIC TRUST FUND

TOTAL 27 1,200 1,200 100% 100%

Government

Contribution 64 - 64 - -

Grand Total 1,264

IV. MODE OF PROCUREMENT OF SERVICES AND GOODS FOR THE

COUNTRY EXECUTED ACTIVITIES

4.1.1 Procurements foreseen to be financed by the Grant include Consultancy Services. All

procurement of consulting services financed by the Grant will be in accordance with Bank's Rules

and Procedures for the Use of Consultants dated May 2008 and revised July 2012(‘’Bank rules’’)

and Bank's Rules and Procedures for Procurement dated May 2008 and revised July 2012 using the

relevant Bank Standard Bidding Documents. EAPD along with assistance from COMESA RIA

will be responsible for the implementation of the procurement procedures.

The Egyptian Agency of Partnership for Development (EAPD) has no procurement capacity to deal

with procurement aspects based on Bank’s rules. Consequently, a MOU will be signed between

EAPD and COMESA RIA to provide technical implementation. COMESA RIA will be responsible

for the technical implementation of the project activities namely all the procurement procedures.

COMESA RIA will prepare TORs, procurement plan and do all the technical and financial

evaluations in coordination with EAPD staff; EAPD will submit all the no objections for all

procurement items to the Bank.

COMESA RIA has a procurement staff with experience working with donor procurement rules. The

procurement staff will be provided with hands-on training and support from the procurement officer

at EGFO during the implementation of the activities.

9

4.1.2 Procurement of Goods:

There are no goods to purchase under this grant.

4.1.3 Procurement of Consultancy services:

(a) Consultancy services for Firms

All Consultant firms assignments are small to large in size (each assignment is estimated to

cost between UA 13,000 and UA 309,000) and related to several fields as follow: (i) Doing

business guide in a selection for 10 COMESA Nile Basin countries and guide on African/

COMESA finance and insurance mechanisms and subscription to fDI intelligence, (ii)

EADP Strategic Plan & Training of diplomats, (iii) Events management company, (iv)

Media campaign for Forum and other activities; (iv). An Egypt Africa doing business portal

online portal containing the doing business guide and the African/COMESA finance and

insurance mechanisms guide and B2B portal for Egyptian-African private sector to do

business estimated cost UA 41,000.

All assignments named above will be procured through a Quality Cost Based Select

(QCBS) method based on a short list of qualified consultancy firms as described under

section II of the Bank rules and procedures for use of consultants.

Another three consultancy firm assignments will be procured through a Consultant

Qualification Selection (CQS) method based on a short list of qualified Audit firms as

described by the article 3.7 and allowed by article 3.20 of the Bank rules and procedures for

the use of consultants. Those assignments are as follow (i); (i) Auditing estimated to cost

UA 13,000; (ii) M&E estimated cost UA 14,000.

The Bank has granted approval for advance procurement of the following assignments:

“doing business guide in a selection of 10 COMESA Nile Basin countries and guide on

African/COMESA finance and insurance mechanisms and subscription to fDI intelligence”;.

“develop website, mobile apps, and B2B and registration platform”; and “event management

company”.

b) Consultancy services for Individual

No individual consultants will be hired under this grant.

4.1.4 The various items under different expenditure categories and related procurement

arrangements are summarized in Annex 3 in line with the above. A preliminary Procurement plan

including all main contracts to be financed by the grant, different procurement methods or

consultant selection methods, estimated costs, prior-review requirements, and time frame has been

agreed by parties to be prepared before signing the grant agreement.

4.1.5 Training: Training component will be carried out by a firm as mentioned in 2.4.5.

4.1.6 Operational cost: There are no operation costs under this grant.

4.1.7 General Procurement & Specific Procurement Notices: The General Procurement Notice

(GPN) will be issued for publication in UNDB online and on the Bank’s Internet Website, upon

approval of the Financing of the Grant. For each specific consultancy assignment, a specific

Expression of interest will be prepared and published.

10

4.1.8 Procurement Plan: As part of the preparation of the project, the Recipient will prepare it

and, furnish to AfDB for final approval before signing the grant agreement, a Procurement Plan

acceptable to the Bank setting forth the:

Particular contracts for the consultancy services required to carry out the project during the

initial period of at least 18 months,

Proposed methods for procurement of such contracts that are permitted under the Financing

Agreement, and

Related Bank review procedures.

4.1.9 EAPD shall update the Procurement Plan annually or as needed throughout the duration of

the project. EAPD shall implement the Procurement Plan in the manner in which it has been granted

the approval by the Bank.

4.1.10 Bank review: All Procurement process for contracts financed by the Grant will be

submitted to Bank prior review. Specifically, the following documents shall be subject to Bank’s

prior review: (i) General Procurement Notice, (ii) Specific Procurement Notices, (iii) Requests

for Proposals from Consultants, (v) Technical Evaluation Reports; (vi) Combined Reports on

Evaluation of Consultants' Proposals, including recommendations for Contract Award, (vi) Draft

contracts and minutes of negotiations.

V. IMPLEMENTATION ARRANGEMENTS

The project will be implemented over a period of two years. The detailed overview of the timing

of various activities and related procurements is provided in Annex 4.

VI. FINANCIAL ARRANGEMENTS

6.1. Disbursement

6.1.1 The disbursement of the MIC TAF will be done as per the Bank’s current procedures of

disbursement with no special account. All payments will be done through direct payment.

However, during the implementation of the project, if the need of opening a special account to

maintain any operation costs, EAPD will open it in a bank acceptable to the Bank.

6.2. Financial management

6.2.1 Under the terms of the MIC TAF Fund, the funds shall be administered in accordance

with the Bank applicable policies and procedures. For this purpose, EAPD will establish suitable

systems and procedures to ensure control of the proper use of project resources and reliability of

financial information, monitor project resources and expenditures by component and activity.

EAPD will maintain independent accounts for the financed activities in accordance with sound

accounting practices. The Project will be subject to financial reports in accordance with the Bank

requirements including quarterly financial reports on project financial performance and use of

funds and annual financial statements, in line with the work program and budget. EAPD will

assign a qualified financial staff (English fluent) for the project to handle financial management

of the grant with the full support of COMESA RIA financial department. EAPD’s auditing

division should put in place an available internal control system for the grant. See Annex 2 for

more details.

11

6.3. Institutional Arrangements

6.3.1 The project will be technically implemented by COMESA RIA as per the request from

the Government of Egypt in close coordination with EAPD.

6.3.2 EAPD shall be responsible for overall coordinating all the activities and sign the

contracts and monitor all the activities with the technical backstopping by COMESA RIA.

Invoices and all technical reports will be submitted to EAPD but will be then forwarded to

COMESA RIA for verification and prior approval before being submitted officially by EAPD to

the Bank for no objection or payment.

6.3.3 COMESA RIA has the technical capacity in terms of staff to develop TORs and provide

technical assistance in reviewing documents and planning such investment forums that they have

done in the past few years. They have a deep knowledge of COMESA countries and network of

Investment Promotion Agencies.

6.3.4 The Monitoring and Evaluation of the project and its expected results will be coordinated

by COMESA RIA, which shall regularly report against the targets indicated in the results

framework of the project. Quarterly monitoring and progress reports will be prepared by

COMESA RIA and submitted from EAPD to the AfDB. A final report will be prepared at the

end of the project in accordance to the Bank specifications.

6.4. Audit

Financial statements established by EAPD will be audited on an annual basis. The audits will

be conducted by an independent auditor in conformity with International Standards of Auditing

(ISA) and in line with the Bank’s terms of reference. Audit reports including management letter

will be submitted by EAPD to the Bank no later than six months after the end of each Egyptian

financial year. The last audit report at the end of the project will be submitted to the Bank no

later than six months after the project disbursement deadline date.

6.5. Suspension of Disbursement

Disbursement from the MIC TAF will be subject to AfDB disbursement rules, in

particular the rules on suspension of disbursements. Disbursements can be suspended, for

example in case of non-compliance with the financial agreement provisions.

6.6. Legal Instrument

Following the approval of the request by the Bank, AfDB’s Legal Department (GECL) will

prepare a Letter of Agreement.

6.7. Conditions Precedent to First Disbursement

The obligation of the Bank to make the first disbursement of the Grant shall be conditional

upon entry into force of the Letter of Agreement.

6.8. Undertakings

The Recipient shall submit, within 45 days of the end of each calendar quarter, Quarterly

Progress reports in a format acceptable to the Bank, indicating the implementation status of the

physical and financial progress of the project activities.

12

VII. CONCLUSION AND RECOMMENDATION FOR BANK’S CONSIDERATION

7.1. Conclusion

There is an identified need for support to EAPD to build its capacity and deliver the mandated

program to help promote trade and investments from Egypt to SSA especially to COMESA

countries.

7.2. Recommendation

It is recommended that an amount not exceeding UA 1.2 million be granted to the Government

of Egypt from the MIC TAF to implement this project.

I

ANNEX 1: DETAILED PROJECT COSTS

Component 1: Development of an Egypt-Africa Trade and Investment Information Portal

to facilitate and boost Egypt-Africa trade and investment

Output 1: 2 Egypt-Africa Trade and Investment Information Guides to provide Egyptian and

African private sector with trade and investment information and strategies including a guide on

ways to do business in 10 African countries and an African finance and insurance mechanisms

guide

Recruit consulting firm (A) to develop the contents of doing business in 10 African countries

guide and finance and insurance mechanisms guide (including subscription to fDi Intelligence)

Item Cost (USD) No. of

Persons /

Units

Days /

Units

Total

(USD)

Total (UA

XRT:

1.48)

Consultancy Doing Business guide in 10 countries 100,000 1 1 100,000 67,568

fDi Intelligence Subscription 20,000 2 1 40,000 27,027

Consultancy Finance and Insurance Mechanisms

Guide

1,000 1 180 180,000 121,622

Methodology validation/ inception round-table with

experts

35,200 1 1 35,200 23,783

Sub-Total 1 355,200 240,000

Output 2: Development of Egypt-Africa Trade and Investment Information Portal

Recruit consulting firm (B) to design, develop, host, and publish the portal


Persons /

Units

Days /

Units

Total

(USD)

Total (UA

XRT:

1.48)

Portal design and development company, and hosting

for 2 years

60,680 1 1 60,680 41,000

Sub-Total 2 60,680 41,000


Output 3: Draft a 5-year medium-term strategic plan for EADP


Persons /

Units

Days /

Units

Total

(USD)

Total (UA

XRT:

1.48)

Development of EAPD 5-year medium term strategic

plan and business plan (including inception and

validation workshops and meetings with stakeholders,

travel expenses, and other logistics)

99,600 1 1 99,600 67,297

Sub-Total 3 99,600 67,297

II

Output 4: Egyptian officials and Egyptian diplomats will be trained to carry-out trade and

investment promotion targeting Egyptian private sector looking to do business in Africa.

Recruit consulting firm (C) to develop training materials and conduct 4 training workshops for

diplomats and Egyptian officials in Cairo.


Persons /

Units

Days /

Units

Total

(USD)

Total (UA

XRT:

1.48)

Capacity-building training for EAPD and relevant

Government Officials - 2 tickets

1,500 2 1 3,000 2,027

Capacity-building training for EAPD and relevant

Government Officials - DSA (2 trainers x 5 days)

300 2 5 3,000 2,027

Fees (2 trainers) 30,000 2 1 60,000 40,541

Investment promotion for diplomats and relevant

Government Officials

80,000 2 1 160,000 108,108

Sub-Total 4 226,000 152,703


Output 5: Holding of high-level Egypt-Africa Investment Forum will be organized under the

auspices of H.E. Abdel Fatah El-Sisi, President of Egypt, in the last quarter of 2015.

Recruit an event management firm (D) and website, mobile app, B2B and registration platform

development company (B) to organize the Investment Forum.

Item Cost

(USD)

No. of

Persons /

Units

Days /

Units

Total

(USD)

Total

(UA

XRT:

1.48)

Event management 377,160 1 1 377,160 254,838

Website, mobile app, B2B and registration platforms 80,160 1 1 80,160 54,162

Sub-Total 10 457,320 457,320 309,000


Output 6: Carry-out media and marketing campaign to promote Egypt Africa trade and

investment opportunities.

Recruit media company (E) to carry out media campaign in print, radio and TV

Item Cost

(USD)

No. of

Persons /

Units

Days /

Units

Total

(USD)

Total

(UA

XRT:

1.48)

Marketing and media campaign strategy 50,000 1 1 50,000 33,784

Media/ communications consultant 100,079 1 1 100,079 67,621

Sub-Total 7 150,079 101,405

III

Output 7: Ministerial and private sector investment and trade talk shows in Egypt and Africa

Recruit company (E) to organize talk shows in Egypt and Africa (4 in Q5 in Africa, 2 in Q5 in

Egypt, 1 in Q6 in Africa, 2 in Q6 in Egypt, and 1 in Q7 in Egypt)


Persons /

Units

Days /

Units

Total

(USD)

Total (UA

XRT:

1.48)

Venue and catering for talk shows in Egypt and Africa

(5 in Egypt including project launch and project closing

events and 5 in Africa)

14,500 10 1 145,000 97,973

Special invitees Egypt talk shows tickets (2 invitees X

5 trips)

1,500 2 5 15,000 10,135

Special invitees DSA (2 invitees X 5 trips X 3 days) 300 2 15 9,000 6,081

Talk Shows in Africa (3 officers X 5 trips) 1,500 3 5 22,500 15,203

DSA talk show in Africa (3 officers X 5 trips X 5 days) 300 3 25 22,500 15,203

Sub-Total 8 214,001 144,595

Output 8: Business opportunity meetings with Egyptian investors

Organize meetings with Egyptian investors wishing to do business in Africa

Project Management

Output 9: Audits and M&E (company (F) and (G))


Persons /

Units

Days /

Units

Total

(USD)

Total

(UA

XRT:

1.48)

Audits 9,620 1 2 19,240 13,000

M&E 10,360 1 2 20,720 14,000

Sub-Total 11 39,960 27,000

Total Project Costs 1,602,840 1,083,000

Contingency 10.8% 173,160 117,000

MIC TRUST FUND TOTAL 1,776,000 1,200,000

Government Contribution

94,720

64,000

Grand Total 1,870,720 1,264,000

IV

ANNEX 2: FINANCIAL MANAGEMENT ASSESSMENT

The FM assessment with a limited scope of work concluded that the following proposed project financial

management arrangements will satisfy the Bank’s minimum requirements under the Bank’s guidelines for

the financial management. EAPD uses the existing country PFM systems. The existing financial

department division is responsible for the budget execution of the institutional resources. The current

financial management systems in place serve to manage and record EAPD budget resources and expenses

only, but cannot provide the relevant project financial reports and statements on timely basis. In fact, up

to date, the institution has not experienced Bank procurement and financial management procedures for

projects. In order to process the financial transactions of the project, the EAPD should assign financial

staff for the project duration, with relevant qualifications, experience with donors-funded organizations

and English speaking. The executive agency will install a computerized accounting system to record and

report financial transactions of the project. COMESA RIA financial department will give a full support to

EAPD’s financial management of the grant. The quarterly and annual project financial statements will

include the sources and uses of grant funds. An internal control system will be set up by EAPD. The

executive agencies will prepare a simplified operational manual before starting disbursement of funds.

2. Disbursement

Since the Bank will mainly finance all consultancy contracts, the direct payment method will be used to

disburse funds from MIC TAF fund account. The Bank will pay invoices attached to relevant forms duly

signed by the authorized signatories. The special account method can be used if necessary and related

account would be opened at the Egyptian central bank.

3. External audit

As the public audit agency (CAO), the Egyptian public central auditing organization, has an insufficient

capacity to audit public agencies and donors-funded projects, the project’s annual financial statements

will be audited by independent auditors acceptable to the Bank. The audit will be conducted in conformity

with international standards on auditing (ISA) and in line with the Bank’s terms of reference that will be

validated by both parties (GoE and the Bank) during negotiations. The audit report, including opinions

and a management letter, will be submitted to the Bank within six months after the end of Egyptian fiscal

year. The last audit report at the end of the project will be submitted to the Bank no later than six months

after the project disbursement deadline date.

4. FM action plan

N° Issue Responsible FM Conditions

1 Appointment of project focal point EAPD Disbursement

condition

2 Assignment of financial expert or

accountant

EAPD since first

disbursement

3 Preparation of operational

(procedures) manual

COMESA RIA /EAPD since first

disbursement

4 Installation of accounting and

reporting computerized systems

(software or Excel sheets)

EAPD one month after

effectiveness

5 Recruitment of external auditor COMESA RIA/EAPD two months after

effectiveness

V

ANNEX 3: PROCUREMENT PLAN (AFDB)

Consultancy Services

QCBS C. Qualification

Selection

(CQS)

Total

UA

Consulting Firm A: Doing business guide

in a selection for 10 COMESA Nile Basin

countries and guide on African/

COMESA finance and insurance

mechanisms and subscription to fDI

intelligence (Advance procurement

authorized)

240,000 240,000

Consulting Firm B: An Egypt Africa

doing business portal online portal

containing the doing business guide and

the African/ COMESA finance and

insurance mechanisms guide and B2B

portal for Egyptian-African private sector

to do business

41,000 41,000

Consulting Firm C: EADP Strategic Plan

& Training of diplomats 220,000 220,000

Consulting Firm D: Events management

company 309,000 309,000

Consulting Firm E: Media campaign for

Forum and other activities 246,000 246,000

Consulting Firm F: Audit 13,000 13,000

Consulting Firm G: M&E 14,000 14,000

TOTAL 1,056,000 27,000 1,083,000

VI

ANNEX 4: DRAFT WORK PROGRAM AND IMPLEMENTATION SCHEDULE

Schedule of Implementation 2015 2016

Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

Outcome 1: COMESA trade and investment opportunities are promoted to Egyptian private sector and stakeholders

Output 1.1 Doing business guide for a selection of 5 COMESA Nile Basin countries

A 1.1.1 Procure services to develop a doing business guide in a selection 10

COMESA Nile Basin countries including, but not limited to, investment and trade

opportunities, policy and special incentives, labour force analysis, procedures,

licenses & permits, taxes, legal framework, services and cost of doing business,

SWOT analysis, doing business codes of conduct, etc.

Output 1.2: Printed promotional materials in English and Arabic

A 1.2.1 Procure services to develop contents, design and print FAQ on trade and

investment in Africa in English and Arabic

Output 1.3: A guide on African/ COMESA finance and insurance mechanisms

A 1.3.1 Procure services to carry-out and publish a study on the available finance

and insurance mechanisms in the COMESA region and Africa, their contacts,

description, effectiveness, advantages and disadvantages, requirements, and

means of access

Output 1.4 An online portal containing the doing business guide and the African/ COMESA finance and insurance mechanisms guide

A 1.4.1 Procure services to develop, design, publish and host the portal

A 1.4.2 Procure services to carry-out an online marketing campaign for the portal

A 1.4.3 Sustain, manage, and update the portal

Output 1.5: A B2B portal for Egyptian-African private sector to do business

A 1.5.1 Procure services to develop, design, publish and host the B2B portal

A 1.5.2 Procure services to carry-out a marketing campaign for the B2B portal

A 1.5.3 Sustain, manage, and update the B2B portal

Output 1.6: A marketing campaign

A 1.6.1 Procure services to develop a marketing and media strategy, including

gathering at least 500 “in Africa” and “not in Africa” Egyptian business contacts

to target as well as a minimum of 50 interviews to gather the perception gap

between “in Africa” and “not in Africa” regarding doing business in Africa

A 1.6.2 Procure services to develop barter deals with TV, radio and printed media

(exchange of program-relevant high-profile interviews for space and air time)

VII

A 1.6.3 Organize 5 talk shows in various business associations/ chambers of

commerce to be selected across main Egyptian business hubs and each of the two

key sectors identified

A 1.6.4 Organize 60 individual meetings with potential investors and traders

A 1.6.5 Support the organization of the Egypt-Africa Investment Forum

Outcome 2: The capacity of EAPD to support Egyptian private sector to trade and invest in Africa has been strengthened

Output 2.1: Capacity-building program for EAPD and relevant Government Officials

A 2.1.1 Procure services to develop EAPD 5-year medium-term strategic plan and

business plan

A 2.1.2 Procure services to build the capacity of EAPD and relevant Government

Officials to promote and strengthen Egyptian trade and investment in COMESA

and Africa

A 2.1.3 Procure services to carry-out a training on investment promotion for

Egyptian diplomats and relevant Government Officials to support EAPD

operations in Africa

Other

Audits

Evaluations

VIII

AN

Annex 5: Letter of Support

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