Deloitte is to develop agribusinesses, finance and mining efforts alongside its consulting work in Ethiopia. It will conduct its business efforts alongside its consulting tasks said Sammy Onyango, Chief Executive Officer for Deloitte East Africa.

The company came to the decision to partner with domestic advisory and accountancy firm HST to take advantage of Ethiopia’s human resources and significant economic development he explained.

The partnership between HST and Deloitte was registered with a capital of 1.1 million birr Deloitte is expected to offer management consultancy, senior management training services, and tax advisory. The two companies took about a year in discussions as Deloitte studied the market potential in Ethiopia according to a senior partner with HAST consulting plc.

The collaborative venture known as Deloitte Consulting plc received an investment permit in January and is in the process of getting an operational license.

HST Consulting plc is owned by US citizen Haileluel Tamri, Tekeste Gebru and Solomon Gizaw and was established with a capital of 300,000 birr and offering audit services for local companies.

The partnership venture allows HST to take the lead on public projects which were previously outside of its scope according to Solomon, Senior Partner of HST.

The new partnership will allow the company to mobilize global resources and the expertise of the Deloitte network, said Solomon.

Source: The Reporter