USADF Power Africa Regional Financial Advisor

Duration: 5 months

Job Description:
Through the Power Africa Off-Grid Energy Challenge, the U.S. African Development Foundation (USADF) has made seed capital grants to more than 71 small and medium enterprises that are developing off-grid energy solutions to meet the needs of rural communities. Out of these, 13 are from Tanzania. Many of these enterprises are seeking to expand and replicate their off-grid energy businesses in a financially sustainable and profitable way. These enterprises often need both business planning support for expansion as well as outside investment beyond the period of the grant.

The overall objective of this position is to assist USADF Off Grid Enterprises to secure follow on financing for their projects and enterprises. This will be done by this position working individually with the enterprises to prepare them to submit proposals to financial institutions (for commercial, pre-commercial and grant financing, where appropriate) to secure funding for expansion and replication.

The purpose of this position is to best support USADF Power Africa grantee enterprises to develop and refine their expansion plans and to support them to become “investment ready” to attract additional outside financing. The ultimate objective is for the enterprises to secure the capital needed to expand and replicate their systems in a profitable and financially sustainable way to deliver benefits (including but not exclusive to electrical connections) to grassroots communities.

This is an East African position and will be based in Dar es Salaam but will cover the USADF Power Africa programs for Follow on Financing in Tanzania, Kenya, Rwanda, Uganda, Nigeria, and Zambia.

This position will be contracted by DCL of Dar es Salam, the USADF’s Power Africa project’s partner agency in Tanzania. The successful candidate will provide services in Tanzania and up to five other countries. The position in Tanzania will report to the Managing Director of DCL.

Scope of Work:
1. The position will be based in Dar es Salaam but will cover the USADF Power Africa programs for Follow on Financing in Tanzania, Kenya, Nigeria, Rwanda, Uganda, and Zambia.
2. Develop work plan and methodology in the base country working together with the head of the USADF implementing partner.
3. Meet with the USADF implementing partner teams in the other countries to discuss program goals and objectives, individual grantees in the portfolio and develop work plans. Work plans will include in-country field visits as well as travel and field visits to the other countries in the region.
4. Develop country by country lists of high potential grantees and use this as a short list to develop site visit plans.
5. Conduct an overview of potential funding sources – learning about their due diligence process, key underwriting criteria, investment parameters.
6. Define a methodology for advising African Energy Entrepreneurs to develop their capacity to attract outside financing.
7. Conduct desk reviews of relevant documents submitted by the grantees. Based on the desk review, select a set of 4-8 grantees (across 2-3 countries) whose business model appears most promising and who may be suitable candidates for outside financing (debt and/or equity).
8. In addition to working with individual grantees, the individual is to work directly with each partner and training, mentor, and coach the country partners in supporting the grantees for “investor readiness”.

Minimum Qualifications:
  • Required qualifications include a minimum of first degree in Economics, Business administration or Finance. An MBA in Finance and or an MSc in Finance will be an added advantage.
  • Minimum 5 years’ experience in working with Small and Medium Enterprises (SMEs), as an Investment Advisor in at least two of the mentioned East African countries.
  • Experience in Innovative Financing for SMEs,
  • Knowledge and experience in working with Renewable Energy Enterprises will be an added advantage.

If you would like to apply, please submit your CV and a cover letter that explains how your experience fits this role to This email address is being protected from spambots. You need JavaScript enabled to view it.. Deadline for applications is Thursday, 27th August 2020.

Diligent Consulting Limited,
Plot No.698B Block B,
Twiga Street,
Mikocheni “B”,
House No.8,
P.O. Box 31362,
14112 Dar es Salaam, Tanzania.

Landline: +255 626 268 990
Email: info@dcl.co.tz
Website: www.dcl.co.tz