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Deloitte renforce sa présence en Afrique grâce à l'ouverture de sa 34éme filiale en Ethiopie

Addis Ababa, 06 February 2013 -Professional services firm, Deloitte, today announced the opening of its Ethiopia office in the country’s capital Addis Ababa. The opening follows a signing, in July last year, of a merger agreement between Deloitte and leading Ethiopian accountancy and advisory firm HST. With this opening, Deloitte now enjoys a presence in one of Africa’s richest countries, in mineral wealth, culture and history.

“The Deloitte commitment to Africa is evidenced by our long established presence on the continent,” says Lwazi Bam, CEO of Deloitte Southern Africa. “We have a number of clients that have been our clients for as long as we have existed. We believe that they have stayed with us because of the value that we continue to add.”

The merger brings together the firm’s East Africa practice with accountancy and advisory firm HST, which was the first partnership of professional Accountancy services firm in Ethiopia and brings with it a combined experience of over 20 years in the local market.

Based in Addis Ababa, Deloitte Ethiopia will provide assurance, consulting, financial, tax and risk advisory services to clients in both the private and public sectors. This will be achieved by bringing together a team of highly qualified experts from diverse industries to provide clients with relevant advice and assistance.

The launch of the new office is in line with the advice that Deloitte gives to its clients, which is to strengthen on the ground presence and local knowledge of any market they wish to enter.

Deloitte East Africa is a cluster of offices located in Ethiopia, Kenya, Tanzania and Uganda that have joined together to provide seamless cross-border services to clients in the region. Clients enjoy access to the firm’s global presence. This means access to approximately 200 000 people from more than 150 countries around the world. “This means we have a pool of local experts that can solve any problem in any industry area, leveraging off global expertise,” says Sammy Onyango, CEO of Deloitte East Africa.

The deal also cements the firm’s position as a leading revenue earner among professional services firms on the continent. Deloitte revenues in Africa for 2012 amounted to US$664m. “We believe this is a result of our investment in the growth of our African practices throughout the long history of Deloitte in Africa, which stretches back a century,” says Onyango.

Africa and Ethiopia in particular, offer a compelling case for investment and expansion. African economies are set to continue growing faster than many developed economies and, with shifting trade patterns towards China and India continuing to gain momentum, Deloitte’s on the ground presence and expertise make it ideally positioned to partner with clients as they pursue new opportunities.

For its part, Ethiopia is one of Africa’s most uplifting growth stories of the past two decades. With its sizeable population of just under 100 million people, arable land takes up 10% to 15% of its land area. This places agriculture at the centre of economic life, accounting for about 80% of employment while Ethiopia is now one of the top ten cattle exporters in the world, according to The Economist. Ethiopia is expected to join the World Trade Organisation within the next decade.

One of the critical growth areas that Deloitte can help Ethiopia explore is how to extract mineral resources. Last year, Deloitte acquired 100% of South African based mining consultancy firm Venmyn Rand. This acquisition will see the establishment of a new technical and economic mineral advisory business called Venmyn Deloitte. The division will offer unmatched expertise throughout the life cycle of a mining project.

Ethiopia boasts a wide range of mineral deposits. These range from gold, tantalum, niobium, platinum, iron ore, to cement, salt, gypsum, clay, shale, and soda ash, to mention a few. In spite of this potential wealth, the mining sector in Ethiopia remains relatively underdeveloped.

Venmyn Deloitte has already been involved in techno-economic advice on a world-class potash deposit in the Danakil depression. The project will provide infrastructure, upgraded transportation routes and employment for the relatively impoverished region. “This is just one of a number of areas in which Deloitte can work with Ethiopia to realise its full development potential,” says Bam.

With its entry into Ethiopia, and recent office openings in South Sudan and Libya, Deloitte now has a presence in 34 African countries.

A propos de Deloitte

Deloitte fait référence à un ou plusieurs cabinets membres de Deloitte Touche Tohmatsu Limited, société de droit anglais (« private company limited by guarantee »), et à son réseau de cabinets membres constitués en entités indépendantes et juridiquement distinctes. Pour en savoir plus sur la structure légale de Deloitte Touche Tohmatsu Limited et de ses cabinets membres, consulter En France, Deloitte SA est le cabinet membre de Deloitte Touche Tohmatsu Limited, et les services professionnels sont rendus par ses filiales et ses affiliés.

Deloitte fournit des services professionnels dans les domaines de l’audit, de la fiscalité, du consulting et du financial advisory à ses clients des secteurs public et privé, quel que soit leur domaine d’activité. Fort d’un réseau de firmes membres dans plus de 150 pays, Deloitte allie des compétences de niveau international à un service de grande qualité afin d’aider ses clients à répondre à leurs enjeux les plus complexes. Nos 193 000 professionnels sont animés par un même objectif, faire de Deloitte la référence en matière d’excellence de service. En France, Deloitte mobilise un ensemble de compétences diversifiées pour répondre aux enjeux de ses clients, de toutes tailles et de tous secteurs – des grandes entreprises multinationales aux microentreprises locales, en passant par les entreprises moyennes. Fort de l’expertise de ses 6 800 collaborateurs et associés, Deloitte en France est un acteur de référence en audit et risk services, consulting, financial advisory, juridique & fiscal et expertise comptable, dans le cadre d’une offre pluridisciplinaire et de principes d’action en phase avec les exigences de notre environnement.

© 2013 Deloitte SA


Zayd Nakwa
Magna Carta
Public Relations
+27(0) 11 784-2598
Kerry Naidoo
Deloitte & Touche
Senior Manager: Communication
+27 (0)11 209 8630
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