Addis zemen Monday
October 27, 2025
INVITATION
TO BID FOR AUDIT SERVICE
1. Background
Benishangul Gumuz Credit and
Saving Institution (BGCSI) is one of Government owned
Microfinance established in accordance with proclamation No 40/1996 which is currently replaced by proclamation
No.626/2009 licensed and registered by the
national bank of Ethiopian with ref# 0018 In January 2001 to assist "the poor to avoid poverty" by
providing credit and saving services in urban
and rural areas in Benishangul Gumuz Regional State.
The Company has business units in
lending and saving activities as well as finance and
administration units. It operates in Benishangul Gumuz region. By Opening twenty three Branches’, three districts and Head
office in Capital City of the region.
Benishangul Gumuz Credit and
Saving Institution would like to invite potential and
certified audit firms to enter into agreement for three (3) years to perform
statutory audit service starting from the fiscal year
ending 30th June 2025 and the coming
consecutive years (2026 and 2027). Thus, interested bidders can purchase a complete set of terms of references (TOR) the
Bid parchese starting from October 27, 2025 to
Nov 12, 2025 at office working hours from the address
mentioned below.
Requirments inculde but not are
limeted to:
1. The audit firm must be
licensed by the AABE and have a renewed business license.
2. Certificate or comptience from
the Accounting & Auditing Board of Ethiopia(AABE).
3. Membersof the audit team must
possess knowledge of IFRS, evidenced by an IFRS Trining
ecerticate.
4. The audit firm and it
spartners, directors, managers, of members of the proposed
audit team must not have been declared insolvent or bankrupt by acourt, must not Have been convicted of any criminal
offenses, fraud, forgery, financial crime, or
other legal activites; must not be defaulters of any microfinance institution or other financial institution, and must
not be defaulters of any tax obligations.
5. The external auditor, their
partners or audit team members, as well as their associates,
Must not operate any deposit accounts or be director indirect borrowers or users of our micro finance institution.
6. VAT and TIN registration
certificate.
7. Tax clearance certificate for
2017 E.C.
8. The firm's organizationpa
profile.
9. Evidence of previous
experience in providing audit services in similar organization
(Micro Finance).
10. Audit firms shail submit for
three (3) years clearly stated FY 2025 (July 1, 20224 to June
30, 2025), FY 2025 (July 1, 2025 to June 2026) and FY 2026 (July 1, 2026 to June 30, 2027) audit service price
including VAT and other expenses separately.
11. Bids must be in English, and
include one original and one copy.
12. Benishangul Gumuz Credit and
saving institution reserves the right to accept or reject
any or all bids.
13. Interested bidder may purchase a complete set of bidding documents beginning from the date of announcement of the bid upon
payment of a non-refundable birr 500 (Five
Hundred Birr Only) to our temporary office at
Addis Ababa. Bid shall be submitted into the tender box prepared for this
purpose before 27 October 2025 at Assosa university
branch office located at Addis Ababa Gulale
around Pawelose Hosptal.
14. Anticipated period of
performance: October 27, 2025-November 12, 2025.
15. Interested eligible bidders
may obtain further information from and inspect the bidding
documents at the address given below.
Telephone:
+251-0577750666/1119/0913308672
Assosa, Ethiopia
Benishangul
Gumuz Credit and Saving Institution (BGCSI)