About HST

HST is a top-tier consulting firm with audit, consulting, tax and learning solutions services. We are based in Addis Ababa, Ethiopia and provide an end-to-end service to our clients with our 135 consultants in addition to the 115 outsourced staff. 

From its experience spanning two decades, and through serving as a member firm for one of the global big 4 consulting firms, HST’s capabilities has grown and empowering it to become one of the leading firms in the country.

As one of its bedrock company values is “custodians of public trust”, HST is working towards regularly sharing its learnings, and knowledge base. 

Therefore, the firm has made one of its goals creating awareness for the public and industry players about trending issues, industry-specific updates, practices, and sector performances.

One of the firm’s strategies to accomplish its target mentioned above is organizing forums. These forums are aimed to be educative and a result-oriented networking platforms where professionals can gather, discuss the challenges of their industry and devise ways by contextualizing global best practices. One of these forums is, CFO Forum Ethiopia.

A Chief Financial Officer (CFO) is the senior executive in an organization managing the financial actions of a company; is one of the key people to provide programmatic and operational support to the company supervising the entire finance unit and is the chief financial spokesperson for the organization.

“These forums are aimed to be educative and a result-oriented networking platforms where professionals can gather, discuss the challenges of their industry and devise ways by contextualizing global best practices.”

CFO FORUM Ethiopia is a first locally organized forum for CFOs, owned and hosted by HST, in partnership with Association of Chartered Certified Accountants [ACCA] Ethiopia. 

It is an annual event with the purpose of creating a platform for finance professionals and other stakeholders to come together to find practical solutions for Ethiopia’s critical financial challenges, to facilitate a result-oriented networking platform for finance professionals, and to create an impact by becoming a commanding voice of the finance profession.

“CFO FORUM Ethiopia is a first locally organized forum for CFOs, owned and hosted by HST.” 

Why CFO Forum?

Unlike many forums, the CFO forum is a very specialized thought leadership forum where high level CFO functions are explored. Many leaders particularly business leaders such as CEOs, Board of Directors and other function leaders can also benefit from participating in this forum. 

Under the Forum, stakeholders come together to find practical solutions for Ethiopia’s critical financial challenges, facilitate a result-oriented networking platform for finance professionals’ informal discussion and idea sharing, and create a visible impact by becoming commanding voices of the finance profession.

Such forums are designed to keep CFOs informed on relevant, timely issues, providing a platform for collaboration and connection. They bring together CFOs, Finance Directors, Finance Managers, and other senior finance executives to discuss their rapidly evolving roles amid ongoing regulatory and economic developments. By setting aside ample time for networking, such forums enable CFOs across diverse industries to share common challenges, insights, and solutions to pressing challenges. 

It is also critical that it is CFO-driven. At most Forums, CFOs themselves drive the agenda, discussing and responding to the toughest challenges they face and exchanging actionable insights. No less pertinent are peer-to-peer connections. In today’s business climate, where CFOs encounter many challenges, it is important to foster an environment that not only merits a CFO’s time but also provides opportunities to network and talk candidly with peers. CFO forums set aside ample time for networking, enabling CFOs across diverse industries to share common challenges, insights, and solutions to pressing challenges.

The CFO Forum is furthermore meant to come up with different themes for each year considering the issues’ significance and urgency. Topics covered during CFO Forums could be technology disruption, the global economy, the changing tax landscape, risk management, sustainability, finance transformation, retirement and pension risk, capital markets, compliance issues, finance talent, and health care.

“Under the Forum, stakeholders come together to find practical solutions for Ethiopia's critical financial challenges, facilitate a result-oriented networking platform for finance professionals’ informal discussion and idea sharing, and create a visible impact by becoming commanding voices of the finance profession.”

CFO Forum Ethiopia 2022

The theme chosen for 2022 forum is ‘Ethiopia’s IFRS implementation: the journey to-date and the way forward’. The topics of discussion will address the rampant challenges of IFRS implementation since its adoption in Ethiopia and pinpoint action steps to expedite the way forward. Brief presentation will be made summarizing results of survey on specific IFRS related topics including, among other:

  • Difficult and/or impractical standards from Ethiopian context;
  • Practical & important standards requiring special emphasis/attention;
  • IFRS implementation roadblocks in Ethiopia particularly related with property & actuarial valuation and shortage of experts & expertise; and
  • Regulatory issues in relation with financial reporting, in general, and IFRS implementation, in particular.

There will then be open and in depth panel discussion based on questions and comments from the floor to be addressed by the presenter, the panelists and/or other participants from the floor.

Our guest speakers and panelists are representatives from the finance profession, Ministry of Revenue, Ministry of Finance, key private and state-owned banks, AABE, ACCA, CFOs from selected local and multi-national companies and other stakeholders.

“The theme chosen for 2022 forum is ‘Ethiopia’s IFRS implementation: the journey to-date and the way forward’. The topics of discussion will address the rampant challenges of IFRS implementation since its adoption in Ethiopia and pinpoint action steps to expedite the way forward.”

Timetable and Agenda for the Forum

TimeTopicResponsible person
1:00–1:30 pmRegistrationOrganizing team
1:30–2:00 pmCall to orderMC- Shimeles Lemma
2:00–2:10 pmWelcoming AddressAto Solomon Gizaw- CEO, HST
2:15–2:25 pmOpening RemarkW/o Yodit Kassa-
Country Manager, ACCA Ethiopia
2:30–2:40 pmKeynote AddressW/o Hikmet Abdella-
Director General, AABE
2:40–3:25 pmEthiopia’s IFRS Adoption:
The journey to date and the way forward
Ato Gobeze Dessalegn- Director, HST
3:25– 3:45 pmQuestions and comments from the floorModerator- Dr. Mehari Mekonnen-
Ass. Professor, AAU and Senior Advisor, East African Holdings
3:45– 4:15 pmTea Break
4:15– 4:30 pmEast African experience- virtual presentationFrederick Kibbedi- Partner, PKF Uganda Certified Public Accountants
4:30– 6:00 pmPanel DiscussionModerator; -Dr. Mehari Mekonnen

Panelists;
- Ato Dereje Gelana, representing AABE
- Ato Birhanu Abebe, representing MoR
- Ato Birberssa Demisse, representing Auditors
- Ato Samson Amdissa, representing the Finance Industry
- Ato Teressa Urgessa, representing FDIs and Local Companies
6:00- 6:35 pmDiscussion on CFO AwardAto Gobeze Dessalegn- Director, HST
6:35- 6:45 pmConcluding RemarkHis Excellency, Ato Tesfaye Tullu, State Minister, Ministry of Revenue
6:30- 9:00 pmDinner