Leading professional services firm Grant Thornton Kenya, and Certified Public Accounting firm Devani-Devani & Company, have merged to enhance their services in Kenya. This merger is part of a long-term strategy that will ensure continued innovation in the era of digitisation, where technology such as Artificial Intelligence (AI) and automation are enabling organisations to enhance their risk management.
Grant Thornton Kenya has been in the local market for more than four decades, with a team of more than 300 that has developed deep links within the business community, and possess in-depth knowledge of the business landscape. Grant Thornton Kenya is also part of the global Grant Thornton network – an entity with 76,000 people in 156 markets across the world with a global revenue of $8 billion.
Devani-Devani & Company has been operating in Kenya for more than three decades with significant presence in Nairobi and Mombasa and provides personalised services to clients from various sectors of the economy.
The merged firm will have more than 350 employees, 20 partners, and directors with offices located in Mombasa and Nairobi. Their clientele includes some of the largest banks, saccos, insurance companies, hotels, hospitals, schools, IT companies, agro-processors, and international NGOs.
“This merger confirms an alignment of vision and strategy between two advisory firms that, jointly, have more than 70 years of experience in this market,” Grant Thornton Kenya Managing Partner, Mr Dipesh Shah, say. “In joining forces, we are creating new opportunities for growth and further innovation, consequently presenting an enhanced value proposition to our clients.”
Devani-Devani & Company’s Managing Partner, Sunil Devani, says the merger will be a game changer in the advisory services sector. “Grant Thornton Kenya’s next phase of growth, will be marked by notable scale, as well as further infusion of best practice and synergies to service a wider client pool,” said Mr Devani.
The merger formally took effect on 6th January, 2025, upon receipt of the requisite regulatory approvals.
Globally, organisations continue to review their strategies to boost profitability in a constantly evolving business environment where, among other dynamics, there is an increasing adoption of digital technologies and artificial intelligence as essential tools for business. Advisory firms (consulting firms) play a crucial role in helping organisations to navigate business complexities and achieve their goals, by way of important services such as Accounting, Financial Reporting, Fraud Examination, Tax Compliance, Human Resource consulting, and Technology consulting.
