Date : April 30, 2026 
IE/FIN/260420/001
IE Network Solutions PLC
Request for Proposal (RFP) for External Audit Service

 Background

IE Network Solutions PLC is an Ethiopian IT company established in December 2008. The company specializes in enterprise solutions, including network services, business automation, smart infrastructure, and cloud services. The company emphasizes a value-maximizing and service-oriented approach, aiming to be a leading IT provider in Ethiopia. IE Networks has partnerships with global companies like Dell, IBM, and Cisco, allowing them to offer international-standard products and services. 

Accordingly, The IE Network Solutions PLC currently seeks to appoint an independent External audit service provider for the audit of the IE Network Solutions PLC for the year, 2018 EC (2025/26).

The IE’s, fiscal year ends on July 7/ EC (Scene 30). In addition, the financial statements are prepared in accordance with the International Financial Reporting Standard (IFRS).

Invitation to Bid

IE Network Solutions PLC invites sealed bids from eligible and qualified firms for:

• 9 Month Interim Audit Services 
• Annual External Audit Services 
• Asset Valuation Services 

Bidders shall submit separate Technical and Financial Proposals in accordance with this RFP.

Audit Deliverables

•  9 Month Interim Audit Report 
• Annual Audit Report (with audit opinion) 
• Management Letter 

Asset Valuation Deliverables

• Inception Report
• Updated Asset Register
• Valuation Report
• Management Report
• Presentation

Evaluation Methodology

• Technical: 70%
• Financial: 30%
• Minimum Technical Pass Mark: 70% 

Eligibility

Bidders must:

• Be legally registered in Ethiopia
• Hold valid AABE license for audit services
• Have valid Tax Clearance Certificate 
• Have valid VAT Registration Certificate 
• Not be debarred by any public body

Conflict of Interest

Bidders must declare absence of conflict of interest, including:

• Relationship with IE staff
• Prior involvement affecting independence

Fraud and Corruption

IE Network Solutions PLC follows zero tolerance for:

• Fraud
• Collusion
• Coercion

Any bidder involved shall be disqualified and reported to authorities.

Right to Accept or Reject

IE reserves the right to:

• Accept or reject any bid
• Cancel the procurement process

Required Documents Checklist

• Trade License
• TIN Certificate
•  VAT Certificate
• AABE License
• Tax Clearance
• CVs of key staff
• Valuation License

Annexes

As detailed in the TOR attached.                                                              

Audit/consulting firms that meet the requirements are kindly requested to submit in person their technical and financial proposals from April 30 ,2026 to May 8,  2026, during working hours to the following address in a sealed and stamped envelope to the attention of the IE Administrative and Finance Division.

The bid will close on May 08, 2026 at 5:30  

Contact Information

IE Network Solutions PLC
Haya Hulet, Festival 22 Building, 7th Floor
Addis Ababa, Ethiopia
Tel: +251-115-57-0544
Email: Info@ienetworksolutions.com