Background:
UN Women, grounded in the vision of equality enshrined in the Charter of the United Nations, works for the elimination of discrimination against women and girls; the empowerment of women; and the achievement of equality between women and men as partners and beneficiaries of development, human rights, humanitarian action and peace and security.
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Background UN Women, grounded in the vision of equality enshrined in the Charter of the United Nations, works for the elimination of discrimination against women and girls; the empowerment of women; and the achievement of equality between women and men as partners and beneficiaries of development, human rights, humanitarian action and peace and security. UN Women Eastern and Southern Africa region encompasses 25 countries[1], which will define the scope of this study. The region faces a profound and persistent care deficit. Transforming care systems is critical for economic growth, gender equality, and social well-being as women in sub-Saharan Africa spend on average 3.4 times more time on unpaid care and domestic work than men. This unequal distribution of care responsibilities limits women’s access to education, decent employment, and participation in public life.[2] If unpaid care work were assigned a monetary value, it would constitute 7.2% of GDP in Ethiopia, 7.9% in Tanzania, and 8.8% in South Africa.[3] As such, unpaid care work remains a major structural driver of gender inequality, constraining women’s time, choices, and economic opportunities across the region. Investing in care presents a transformative opportunity to redistribute unpaid care responsibility, improve working conditions, and create millions of formal jobs making economies more inclusive, productive, and resilient. For example, in in Tanzania it could generate over 7 million formal jobs.[4] Care investments also include time saving and labour reducing infrastructure and technologies that directly reduce women’s unpaid care burden. This includes clean and affordable cooking solutions, energy saving household technologies, climate smart agricultural and water technologies alongside improved access to energy, water and transport. Such investments can also strengthen social protection systems and improve resilience, particularly in rural and underserved areas where care responsibilities are intensified by limited access to water, energy, transport, and basic services as well as exposure to climate related shocks. Integrating investment in care with climate considerations like clean energy and climate technologies is important for the dual dividend for gender equality and climate resilience. While many countries in the region have made commitments to gender equality and social protection, investments in care remain chronically underfunded. Financing care systems in Africa requires a coherent public-led model that combines domestic public finance, gender responsive budgeting, social protection, and leveraging innovative and blended financing through a well-regulated public-private partnerships (PPPs). All these models should be anchored by the 5R+ framework (Recognize, Reduce, Redistribute, Reward, Represent + Resource) in order to treat care as essential economic and social infrastructure. While, gender responsive budgeting has gained positive traction, it is often insufficient to close financing gaps, particularly in contexts of constrained fiscal space and rising development demands. In this regard, expanding the investments in care requires innovative financing instruments to complement traditional public expenditure. Gender bonds, social bonds, and sustainability linked bonds are examples of instruments that earmark proceeds for projects with explicit gender equality or social objectives, and can be issued by sovereigns, sub sovereign entities, development finance institutions and/or private sector. When aligned with robust gender responsive budgeting frameworks and care policies, such instruments offer an opportunity to mobilize both public and private capital to finance care systems. This includes investments in care services, care workforce development, and enabling infrastructure and technologies that reduce time spent on unpaid care work, such as water infrastructure, clean cooking solutions and climate resilient technologies. The emergence of gender bonds in Sub-Saharan Africa reflects a growing shift toward gender-lens investing, where capital markets are used to finance women’s economic empowerment, inclusive growth, and social infrastructure. Against this backdrop, UN Women is commissioning a regional consultancy to examine the feasibility, design options, and policy implications of using blended financing instruments and gender bonds to finance care systems in Eastern and Southern Africa. While the study will take a regional perspective, it will draw on illustrative country examples to explore how public and private actors can structure, issue, and govern bonds and other instruments in ways that support care investments and generate lessons applicable across the wider region. Expanding on what has already been documented by UN Women[5],[6], the study will generate robust analytical evidence, while also including a practical applied component to inform blended finance implementation and gender bond issuances as part of broader strategies to finance care systems. Objective of the assignment The overall objective of this consultancy is to lead and deliver a comprehensive regional study on how gender bonds and other blended finance models are being used to support the financing of care systems in Eastern and Southern Africa. Specifically, the assignment aims to document how gender bonds and blended finance instruments can be designed, structured, and governed to mobilize resources for care related investments, including care infrastructure, services, and workforce development, and time saving and labour reducing technologies that alleviate women’s unpaid care burden. The study will examine how such instruments have complemented existing public financing strategies. While the study will take a regional perspective, it will draw on selected illustrative country examples from within and outside the region, including countries where gender bonds and gender focused blended finance instruments have successfully been launched, to deepen the analysis and demonstrate how innovative financing for care could be operationalized in practice. Scope of Work Under the guidance and direct supervisions of the Women’s Economic Empowerment Policy Specialist at UN Women East and Southern Regional Office (ESARO), the consultant will be responsible for the following
Deliverables
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[1] Angola, Botswana, Burundi, Comoros, Djibouti, Eritrea, Eswatini, Ethiopia, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Rwanda, Seychelles, Somalia, South Africa, South Sudan, Sudan, Tanzania, Uganda, Zambia, Zimbabwe.
[2] Addati, Laura, Umberto Cattaneo, Valeria Esquivel, and Isabel Valarino (2018). Care Work and Care Jobs for the Future of Decent Work. Geneva: International Labour Organisation.
[3] UN Women. (2021). Investing in free universal childcare in sub-Saharan Africa: A case for bold action to achieve sustainable development.
[5] UN Women (2023), Case study series: Innovative financing for gender equality via bonds, https://www.unwomen.org/en/digital-library/publications/2023/05/case-study-series-innovative-financing-for-gender-equality-via-bonds
[6] UN Women (2025), Scaling up innovative finance for gender equality and women’s empowerment, https://www.unwomen.org/en/digital-library/publications/2025/10/scaling-up-innovative-finance-for-gender-equality-and-womens-empowerment
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