The Addis Abeba Finance Bureau has implemented corrective measures on 187.7 million Br in financial irregularities identified across 75 public institutions, as the city grapples with a 350-billion-Br financing gap for infrastructure and public services. The Bureau exceeded its annual audit target by 171pc, expanding oversight to 3,242 entities and improving audit report quality to 85pc. The performance comes after an international assessment ranked Addis Abeba first among six African cities for financial management, placing it alongside Nairobi in conducting regular formal audits. To reinforce financial accountability, the Bureau is relying on its experienced workforce, which makes up 80pc of internal audit staff, while shifting toward a more proactive risk-management approach. Officials say stronger audit performance is essential to maintaining the confidence of development partners and external creditors.
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