Why African firms need tech experts to drive growth

African boards must urgently embrace tech expertise and cybersecurity leadership to stay competitive and resilient in a rapidly digitising economy.

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The urgency for African boards to integrate technology expertise has become unmistakable. As digital transformation accelerates across the continent, boards lacking technological literacy risk making misaligned investments, overlooking cybersecurity threats, and missing opportunities for inclusive growth.

Historically, African boards have prioritised financial stewardship and regulatory compliance. However, this conventional focus increasingly falls short as organisations adopt cloud platforms, mobile-first services, and data-driven operations.

In Kenya, the rise of mobile banking and fintech has redefined customer engagement. Safaricom’s M-Pesa platform, for instance, processes billions in transactions annually, requiring board oversight that understands not only commercial models but also data security and platform resilience.

According to a 2023 PwC Kenya report, over 65 percent of directors acknowledged that their boards lack sufficient technology skills to guide innovation strategies effectively.

Elsewhere on the continent, Nigerian banks such as GTBank have invested heavily in digital channels and artificial intelligence to stay competitive.

Yet, as Lagos-based governance advisor Temitope Alonge observes, “Without directors who can critically question tech investments, boards risk being mere spectators in their own transformation.”

Internationally, companies like South Africa’s Discovery Limited have appointed Chief Digital Officers to the board, strengthening their capacity to oversee complex technology ecosystems and respond decisively to regulatory change.

Looking forward, this evolution is not optional. African boards face mounting pressure to deliver both shareholder returns and digital inclusion.

Boards that fail to embed technology expertise could find themselves ill-equipped to manage cyber threats or to leverage the transformative potential of digital services.

Why is this important?

Cyber threats are rapidly increasing in sophistication and impact, making cybersecurity not just an IT issue, but a critical leadership priority.

Integrating technology leaders, whether through dedicated appointments or upskilling existing directors, will be essential for sustaining growth, safeguarding trust, and driving competitive advantage in Africa’s dynamic markets. In this context, technology stewardship must become a core pillar of effective governance.

Today, African business leaders face mounting pressures from regulatory tightening to growing digital transformation that underline the necessity of fostering a cybersecurity-aware organisational culture.

A strong cybersecurity culture moves beyond basic compliance to create an environment where every employee instinctively integrates cybersecurity best practices into their daily routines. Such cultural vigilance significantly reduces human-driven security risks, traditionally responsible for the majority of breaches globally.

The role of leaders is pivotal. Leaders must visibly champion cybersecurity initiatives, regularly communicating the strategic importance of digital vigilance.

Practical steps include advocating transparent security practices, providing ongoing education, and reinforcing employee accountability. Leadership involvement ensures cybersecurity is perceived not merely as technical protocol but as fundamental organisational value.

The benefits of such leadership-driven cultures are clear: heightened risk awareness, improved threat detection, and enhanced resilience. Organisations that embed cybersecurity in their culture consistently demonstrate stronger protection against threats, quicker recovery times, and greater regulatory compliance.

In an increasingly digital-dependent business landscape, African leaders have both a strategic opportunity and responsibility: by instilling cybersecurity awareness within organisational culture, they fortify their business resilience and set a robust foundation for secure and sustainable growth.

The writer is an experienced techleader, accelerating Africa’s digital future with AI, strategic innovation and resilient growth.

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