The African market is one of the fastest growing markets in the world. The continent is home to nearly 1 billion people, and has an annual economic growth rate of over 7%.
It has been projected that by 2030, Africa will be home to more than 1.4 billion people, and its middle class population will grow by 400 million.
This section should not be taken as investment advice, but rather a brief introduction on African finance jobs and opportunities in Africa’s finance industry.
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What are the emerging opportunities in Africa’s financial sector?
In the rapidly changing global economy, Africa’s financial sector has been attracting a lot of attention with predictions that it will be the most rapidly growing in the world over the next decade. The African continent is home to 56% of all financial service companies around with a market worth of more than US$4 trillion.
African companies are able to offer a lot of benefits for people looking for a new job. Not only do they have more opportunity for career growth but their benefits packages are often better as well.
An emerging opportunity in Africa is that there are now opportunities that allow people to live their lives while earning an income which was unheard of before. This is mainly because Africans are becoming more educated and can afford to spend money on things like technology which would not have been possible before.
How to land a competitive position in Africa’s financial sector?
Qualifications for African financial jobs are often minimal. This often means that you do not need a degree to land that competitive position in Africa’s financial industry.
Job titles in the African finance industry are usually determined by the specific company’s needs. Most of these jobs are customer-facing, with frequent interactions with both the public and other employees. As a result, they require an outgoing personality and excellent interpersonal skills.
Reasons to Consider a Career in Finance in Africa
A career in finance is one of the most lucrative professions in Africa. It covers a wide range of firms and industries, from banking to insurance, treasury to risk management, financial markets to investments.
Careers in Finance are diverse. You can be trading stocks or commodities at a trading firm or you could be an investment analyst for an insurance company. You could be managing people’s savings at a bank or developing global capital markets for an investment bank.
You might need an MBA for some positions but others don’t require any qualifications at all, just experience and talent!
Is Working for an African Financial Institution Right For You?
We have looked at the key aspects of African financial institutions. We have also looked at some of the challenges that are faced by these institutions. And finally, we have explored what employees do in order to be successful in their work environment.
By now you should have a better idea of what it is like working for an African Financial Institution and whether or not this is right for you.
