East African firms look to diaspora for talent

Companies in East Africa are to increase their search for top executives from the diaspora. 

A study by EY, the consulting firm, shows demand for talent from diaspora will rise to 29 per cent from the current 23 per cent.

The study said firms are increasingly seeking staff instead of  developing their own talent to match the rising demand, pushing up the cost of labour. 

The “sub-Saharan Africa Talent Trends and Practices” study featured 44 organisations from Kenya, Uganda, Tanzania, Rwanda, Ethiopia and South Sudan out of the 224 African organisations.

Multinational companies’ rising investments across the East African region are driving local companies to compete with the new investments, hence increased demand for management and technical experience. 

“The work force is not growing in tandem with investment requirements and GDP growth. Organisations are eyeing the already experienced talent that can help them match global competition since our education system does not provide skills in oil and gas,” said Celestine Munda, EY east region leader, aisory services, during the release of the study on Wednesday in Nairobi.

SOURCE: The East African