One of the fastest growing and burgeoning areas of Africa’s economy is its banking sector. In present day Africa, most of the world’s major banks already have an established presence here, and they continue to make inroads on the continent by opening up branch locations throughout the continent. In this regard, Citigroup is one of the leading banks pioneering the banking sector in Africa.
“Opening its first branch in Africa in 1958, Citi was the first overseas bank to open branches in African countries. Today, Citi operates in 15 countries across Africa with franchise office locations in (Algeria, Cameroun, Cote d’Ivoire, Democratic Republic of Congo, Gabon, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tanzania, Tunisia, Uganda and Zambia). Citi however works in 23 other countries in Africa, though they may lack a physical presence in these jurisdictions.
Areas of Specialty: Target areas of the bank include investment banking activities which are mostly focused on South Africa and Nigeria.
– Elsewhere, the bank focuses on cash management, trade finance, and transaction banking.
Jobs with Citi Africa: African professionals in the diaspora with expertise in finance, business, banking and IT, have a high probability of finding interesting job position with the bank. If current openings do not interest you, then do continue to check the job openings section, as it appears to be regularly updated. Openings exist currently for:
– GTS Trade Head – East Africa (Corporate and Investment Bank) Nairobi, Kenya
– Export and Agency Finance Product Manager – Lagos, Nigeria
– Relationship Manager – Sandton, South Africa
– Credit Analyst – Sandton, South Africa
To access these openings go to:
– Global Job Search
– Search Jobs (by location or key word)
Chat with African Bankers: As mentioned earlier, the banking industry in Africa is a rapidly expanding sector, and this directly correlates to countries on the continent experiencing a boom in wealth generation and foreign direct investments. This has subsequently led to high demand for formalized financial institutions such as banks and along with it a plethora of African bankers. From an Expatriate point of view, a large number of African professionals who have relocated back to the continent have done so under the auspices of a banking job. Most of them worked with for example Citigroup in one of their branches in the West, and asked to be/got re-assigned within the bank to their Africa operations.
In this light, a couple of weekends ago, I informally became acquainted with two African Expatriates who are bankers with Citigroup (Hailing from the Ivory Coast and Gabon) They had been reassigned to the Bank’s Africa division in Johannesburg, and work within the M&A team that oversees deals done in the NPC unit (Non Presence Country…aka countries where Citi conducts business, but lack a physical office). My conversation with them was enlightening and insightful, and to them, there was no other place they would rather be engaged in banking, than right here in Africa.
Citigroup’s headquartes in South Africa…..located in the heart of the financial district.
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