Pharo Foundation

Bid Announcement for Annual Audit for 2026-PF

Overview

Pharo Foundation is a dynamic, self-reliant non-profit organisation committed to fostering self-sufficiency in Africa. We pursue this mission through three focus areas – education, water, and productivity – operating in Somaliland, Ethiopia, Kenya, and Rwanda. We distinguish ourselves as a privately funded organisation dedicated to sustainable ventures as well as non-profit projects that prioritise problem-solving, research, and economic empowerment. Through this multifaceted approach, the Foundation strives to empower communities, facilitate growth, and create sustainable impact across the continent. Our headquarters are in Nairobi, Kenya, with a liaison office in London, United Kingdom, home to our parent organisation, Pharo Management. In Ethiopia, Pharo Foundation is registered as a Foreign Charity (License No. 3717), granted by the Charities and Societies Agency on 8 November 2016.

Objective

To engage an experienced and competent audit firm to conduct the interim audit for January–September 2026 and the annual audit for the year ending 31 December 2026, covering the Foundation's Country Office and field offices, and to provide an independent audit opinion in accordance with applicable international auditing standards.

Selection process

The Foundation intends to engage an experienced and competent audit firm to undertake an interim audit for the period from January to September 2026. The interim audit is expected to be conducted from the beginning of November to December 2026. Following the interim audit, the audit for the year ending 31 December 2026 is expected to cover the accounts of the Country Office and its field offices, mainly located in the Benishangul-Gumuz Regional State (BGRS). The year-end audit is expected to be conducted from the beginning of January to February 2027.

Submission Requirements

Interested audit firms are required to submit a written proposal within seven (7) working days of this announcement, accompanied by the following:

• Full details of the engagement team, including qualifications and relevant experience
• Evidence of experience auditing IPSAS-compliant financial statements (please attach supporting evidence)
• Demonstrated expertise of the team in the NGO and social enterprise sector
• Engagement leadership – identification of the partner who will manage the client relationship and audit execution
• Your audit approach, and how it would provide an efficient, effective, and value-added process
• Description of your approach to controlling the audit process and your level of communication with management
• Industry updates provided to clients, if any
• Technical and fee proposals, including the timeframe required to complete the audit work
• Description of any added value your firm would provide to the Foundation
• A list of international organisations / INGOs your firm has audited recently
• A copy of a valid business licence
• A copy of AABE certificates
• A copy of VAT and TIN certificates

Bidders must submit the technical and financial proposals in two separate folder with company stamped.

Fees

The Foundation would like to ensure that it receives a comprehensive service that is delivered in a cost-effective way. Please include in your fee proposal the extent to which additional advice is included in your fees and how overrun deadlines would be managed.

Reservation of Rights

Pharo foundation reserves the right to accept or reject any bid, and to annul the selection process and reject all tenders at any time, without thereby incurring any liability to the affected Companies.

How to Apply

Interested firms may submit their proposals to the email address below. Please ensure all bid documents are compressed into a zip file before sending.

This email account will be restricted from outgoing activity but will remain active to receive your bidding correspondence and documents. Full access will be restored once the bidding period has closed and ready for opening.

• Submission: Send your bid by email to tender.et@pharofoundation.org no later than 2:00PM, 15 October 2026. Late bids will not be accepted.
• Subject line: Use the tender reference number and your company name, for example Ref-PF-007/26 – (Company Name). The reference number must also appear on all bid documents.
• Bid format: Submit all documents as a single password-protected (encrypted) ZIP file, shared through a link from OneDrive, Google Drive or Dropbox. Do not include the password in your submission.
• Password: At the official bid opening on 16 October 2026, 2:00PM, email the ZIP password to the address above, from the same email address used to submit your bid. Bids without a valid password at the opening will not be evaluated.

Pharo Foundation,

Address Kirkos Sub city Africa Avenue, Minaye Office plaza 12 Floor

Phone number +251116684646, +251903486969

Pharo Foundation Ethiopia reserves the right to accept or reject any or all bids.