Ethiopia has officially launched the Ethiopian Institute of Certified Public Accountants (ETI-CPA), a landmark initiative supported by the World Bank to expand professional opportunities for the country’s youth. The new institute will allow Ethiopians to pursue internationally recognized accounting certification without leaving the country—an advancement hailed as a major step in Ethiopia’s economic modernization agenda.
Speaking at the launch event, Finance Minister Ahmed Shide emphasized the institute’s role in building a competitive and skilled workforce.
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“For the first time, young professionals can upgrade their skills locally, at a reasonable cost, and in a competitive environment with our neighboring countries,” the Minister said. He added that the institute will help youth secure meaningful employment, engage in opportunities under the African Continental Free Trade Area (AfCFTA), and contribute to Ethiopia’s economic transformation.
The World Bank was recognized as a central partner in the establishment of the ETI-CPA. Officials described the Bank’s technical and financial support—from conception through institutional design—as “indispensable” and “irreplaceable” in bringing the initiative to reality.
The government affirmed its long-term commitment to the institute’s sustainability, pledging support for the next seven years until the ETI-CPA achieves full professional autonomy. The institute is expected to play a key role in strengthening Ethiopia’s financial sector by supplying a new generation of highly trained, globally competitive accounting professionals.
Source: Capital Ethiopia
