Africans working abroad were showing an increasing inclination to return to the continent to further develop their careers, an international recruitment consultancy said on Friday.
However, it caution that the development should not been perceived as a reversal of the ‘brain drain’, but rather the result of a creeping realisation that Africa was offering a broad range of opportunities, particularly as other economies slowed.
London-based Global Career Company (GCC) said that Africa’s financial sector remained largely sound, owing to limited exposure to toxic assets affecting the major financial centres.
“The African telecommunications market is showing great promise and is expected to experience a faster growth rate than any other region over the next three to five years,” said company MD Rupert Adcock.
Adcock noted that players in these sectors were among those seeking to shore up their workforces with experienced professionals possessing global experiences. It was an added bonus that this, in turn, helped these companies reduce their reliance on expatriate expertise.
“South African firms such as Aurecon Group, Altech, Engen, Ilovo Sugar and Standard Bank are currently experiencing elevated demand for high level management skills and technical know how. They are now conducting international recruitment campaigns as part of their overall skills development strategy.”
The consultancy was expecting a 50% increase in candidate applications at this year’s annual ‘Careers in Africa Recruitment Summit’, which would take place in London between May 22 and 24.
Some 30 blue chip firms would particpaite and GCC anticipated that more than 1 000 professionals could be placed into African careers.
The event would include companies such as Acercy, Altech, Aurecon Group, Barclays Bank, Chevron, Engen, GE, Ilovo Sugar, MTN, Nelson Mandela Bay, Vernon, Vodafone and Zain.
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