NMB News

Tanzania’s banks expanding and seeking to recruit

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The International Monetary Fund has just upgraded its forecasts of growth in Tanzania’s economy, the second largest in East Africa, to 7.2% for 2012, up from 6% this year, while Standard Bank’s analysts are more optimistic and calculate GDP will rise by 7.6%.

Critical Skills Sought for Africa

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In an address issued during the recently concluded AU Summit in Addis Ababa, African Development Bank Group President, Donald Kaberuka confirmed that Africa would probably resume its pre-crisis growth path in 2010 and was likely to be the second fastest growing continent after Asia. Businesses across Africa also echo these sentiments and are therefore preparing for future productivity and growth. Central to this development is the drive to recruit professionals possessing critical skills and this has in turn led organisations like Barclays, ECOWAS, GE, Lafarge, Nestlé, Schlumberger and Vodafone to conduct international recruitment campaigns as part of their overall skills development strategy.