BDO East Africa opens an office in Ethiopia

BDO is pleased to announce the admission to BDO East Africa of a new firm in Ethiopia, effective 1 July 2013.

BDO East Africa was admitted to the BDO network in 2009 and currently has firms in Burundi, Kenya, Rwanda, Tanzania and Uganda. The new BDO East Africa - Ethiopia, formerly Next Consult, is an independent firm that was established in 2005. The firm has an excellent reputation in the local market and has maintained a 15% annual growth rate over the last five years. It is now the second-largest professional services firm in Ethiopia. 

The firm focuses on audit and accounting with a full service offering that also includes tax, management and business consulting. Operating out of one office in Addis Ababa with 25 partners and staff, the firm’s clients include large entities in mining, tourism & leisure, manufacturing and retail, telecom and family-owned companies. 

Ethiopia is the second most populous nation in Africa with a population of 85 million. The economy has seen double digit growth over the last five years and continues to offer significant development potential. 

Managing Partner Million Kibret is confident that becoming part of the BDO network will fuel the firm’s future development. “Our firm has seen consistent growth since its founding and our service offering has increased accordingly, now covering financial advisory services, 
training and business process outsourcing, amongst others. We have strong working relationships with BDO East Africa already and as a result have served a number of BDO clients, some of which are very high profile and contribute significantly to the Ethiopian economy. We are happy to augment our local knowledge with BDO’s global knowledge base. 

“BDO is among the largest accounting networks in the world and has a reputation for delivering exceptional client service in every territory in which it is represented. We are proud to be a part of this network of competent professionals” 

Sandeep Khapre, CEO of BDO East Africa, adds “Our vision in East Africa is to be recognised as trusted and respected business advisers, offering services that always exceed our clients’ expectations. With BDO East Africa - Ethiopia joining the BDO network, we can serve new clients that see Ethiopia as a major future market and can continue to serve our clients that are growing in the region”. 

Anders Heede, Global CEO of BDO’s EMEA region, said “BDO is deeply committed to the fastgrowing continent of Africa, in which international interest continues to rise. I am particularly happy that the new BDO firm in Ethiopia has decided to trust BDO as their partner for growth”.