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

Scope as published

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)…

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