Banking & Financial Services News

Surge in demand for experienced African bankers

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International banks keen to expand their presence in Africa, like Standard Chartered and Barclays, are competing with South African banks for African candidates who combine knowledge of the continent’s markets with years of experience on Wall Street or in the City.

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%.

Barclays and StanChart looking for African talent

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Africa is calling. As economic growth, foreign investments and trade links continue to grow, banks – both local and international – keep expanding and recruiting. The stumbling block is lack of local candidates with the relevant skills and some experience, so the banks come to London to try and lure African expatriates back with the offer of a job.

Africans vie for the corporate spotlight

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Global giants including Barclays, Chevron, Gauteng Shared Service Centre, MTN, Standard Bank, Tigo, Vodafone and Zain congregated in London to secure talented professionals for their operations across Africa at the Careers in Africa Recruitment Summit from May 22 – 24.

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.