Massive Demand for Senior Leaders in Burgeoning African Fintech Sector
With the rapid and sustained growth of the fintech sector in East Africa, in particular in Kenya, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally – and to South Africa specifically – in their talent search.
“Because of the limited supply of leaders who have a strong technical background in fintech disciplines including data science, analytics and data engineering, but who also have experience working in Africa, South Africa is considered to be a great pool from which to fish when filling these roles,” says Debbie Goodman-Bhyat, CEO of top local and continental search firm Jack Hammer.
She says there is tremendous opportunity and growth in East Africa, because of the development of a unique eco-system primarily leveraged by mobile money services such as MPesa. These services are very advanced in the region because challenges in the formal banking sector led to the development of services allowing for money to be transferred through alternative channels.