Deloitte opened an office in Addis Ababa, Ethiopia’s capitol. This establishment follows a merging with the Ethiopian accountancy and advisory firm HST that was passed through last year. Deloitte Ethiopia will initially focus on assurance, management consulting, financial advisory, tax and risk advisory services to clients in both the private and public sectors.
Ethiopia having a population of just under 100 million people is one of Africa’s most promising markets. According to The Economist, Ethiopia is now one of the top ten cattle exporters in the world. The expected entrance to the World Trade Organization within the next years is likely to give a further boost to economic growth.
Deloitte Ethiopia will be part of Deloitte’s East Africa region, a cluster of offices located in Ethiopia, Kenya, Tanzania and Uganda. The offices work closely together to provide services to cross-border clients in the region. According to Sammy Onyango, CEO of Deloitte East Africa, the new office will greatly benefit from Deloitte’s global network, consisting of approximately 200.000 employees in more than 150 countries.
“With the new office in Ethiopia and our partnership with offices in the region we have a pool of local experts that can solve any problem in any industry area, leveraging off global expertise”.