Mar 31

Kenya most lucrative market in Africa for fintech employees

Kenya is the most attractive market in Africa for workers in the fintech industry with new data showing that companies pay the highest salaries in comparison to their peers on the continent.

This is followed by Nigeria, Tanzania and South Africa. The survey was carried out among 400 respondents in 69 companies in 10 African countries.

This data is a reflection of the vibrancy of the local fintech scene where start-ups are marrying technology and financial services to address problems that range from credit access for farmers to health insurance.

High levels of compensation are also underpinned by stiff competition for fintech talent in Kenya and beyond. Sixty four per cent of respondents told the DFI that competition for talent had the highest impact on the ability to hire and retain employees.

The study also shows that companies in Fintech have to do more than just offer attractive salaries if they want to keep employees. Many of the respondents said that non-traditional pay and benefits were important.

84 per cent said that flexible working hours were extremely important while 47 per cent had similar sentiments about a liberal dress code. 40 per cent said the option of working from home was extremely important to them.

Source: Business Daily Africa