The AELP is currently evaluating the Bids received in response to its Request for Proposals which was published on 12 November. The four-week bidding period ended on 10 December and the bid-opening was also held on 10 December.
The selected IT firms that are invited to bid had earlier prequalified through a widely advertised Request for Expression of Interest process which attracted applications from top firms across 18 countries. The standard of prequalification applications was very high. They were screened and scored by an Evaluation Committee of top IT managers from six Exchanges. The focus is to procure an order-routing solution that is already working and will be customized for the AELP Exchanges and participating African stockbrokers.
After the Evaluation Committee has gone through the bids, it will make its recommendation to the CEOs of the AELP Exchanges, with support from the AELP Technical Committee. After “no objection” from the CEOs and the AfDB, contracting and implementation should begin. The timetable to implement the new link will be determined with the winning Bidder.