Banks across the continent are desperate to fill tech vacancies, with domestic competition, telcos, big tech and cybercriminals all creating headaches for management
How do you solve a problem like an empty desk? For Kenyan banks who are desperate to fill empty positions in digitisation and mobile-money services, the answer is, of course, with cash.
Some top-tier banks, believed to be the best-paying employers for tech talent, spent 20%-35% more on staff costs in 2023, as each tried to outbid the others to retain and hire talent. For example, while NCBA’s IT budget rose around 10% to KSh2.3bn , costs for staff jumped to KSh5.9 billion by June 2023 – nearly 30% higher than the previous year.
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