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November 18, 2009

BDO expands in East Africa

BDO International has admitted a new
member firm in East Africa that covers markets in Kenya, Uganda and
Tanzania.

The firm had revenue of €2.5 million ($3.74
million) in the year to 30 June 2009. It operates from offices in
Nairobi (Kenya), Kampala (Uganda) and Dar es Salaam (Tanzania). The
firm’s combined workforce is nine partners and nearly 100 staff. It
provides audit and accountancy services as well as tax and
corporate finance advice and other business advisory services.

The firm has a broad range of clients,
including Nairobi stock exchange listed companies. High-profile
clients include the battery manufacturer Eveready, cosmetics
company L’Oreal, media company CNBC, software provider Oracle
Corporation, tyre manufacturer Goodyear, investment bank JP Morgan
(Pioneer Carbon), Chase Bank, and the United Nations Office of
Project Services.

BDO East Africa chief executive Sandeep Khapre
said BDO membership will provide the firm with a greater ability to
serve multinational clients.

“Not only do we have a deep understanding of
our clients’ local business needs, we now have access to knowledge
of global industry developments and trends. Through collaboration
with other member firms we can deliver the best possible
professional advice to all our clients, multinational and
domestic,” Khapre said.

BDO International chief executive Jeremy
Newman said Africa is becoming an increasingly important continent,
particularly to clients in the natural resources sector.

“All of the partners in BDO East Africa are
highly qualified and have many years of relevant experience,
meaning that they will be able to contribute to BDO’s global
reputation for informed, consistent and quality service delivery in
every country in which we operate,” he said.

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