Afreximbank invites qualified students to apply for its internship program, designed to provide better knowledge of the Afreximbank Group mandate and operating model, which they will put to use as they develop their careers.
The internship welcomes students from the Bank’s member countries, a list of which is available on the Bank’s website; students of African descent in the diaspora and non-African students whose vision for the transformation of Africa resonates with the mission of the Afreximbank Group.
Afreximbank Internship Program Summary
- Host: Afreximbank Group
- Category: Internship & Training
- Eligibility: Undergraduate and Postgraduate Students
- Deadline: Open-ended (no deadline)
- Benefits: Monthly stipends | Housing allowance | Resident visa costs
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Background
The African Export-Import Bank (Afreximbank) finances and promotes intra- and extra-African trade as a multilateral financial institution. The shareholders comprise African governments, African private and institutional investors, and non-African private and institutional investors.
Afreximbank Group recognizes the need to facilitate a broader understanding of the problems of African trade and trade finance as well as the principles of trade finance, especially structured trade finance, which is its operating model.
By offering good students a chance for an internship with the Group, The Group expects students to gain a better understanding of the Afreximbank Group mandate and operating model, which they will put to use as they develop their careers. In return, it is expected that the interns will contribute fresh and diverse ideas to the operations of the Afreximbank Group.
Interns will be expected to start their internship within the first month of each internship season. The internship is not virtual, and interns will be required to relocate to the headquarters of the group entity to which they are allocated. However, most internships will be at the Bank’s HQ in Cairo, Egypt.
Benefits of the Afreximbank Internship Program
- Before commencement, coverage of reasonable return fare transport costs to their internship location using the most economical and direct routing from their institution of learning, in line with the Bank’s travel policy;
- A monthly tax-free stipend of USD 800 and housing allowance of USD 400 for interns relocating from their home countries, payable at the end of each month, to help defray living costs;
- Accommodation in a hotel chosen by the Bank (bed and breakfast only) for one week during the induction period, (on arrival to the internship location for interns, based on their previous location)
- Transfer to the hotel on arrival and vice versa on departure at the end of a successful internship programme; and
- Relevant residence visa for the duration of the internship programme, if so required.
Eligibility Terms for the Afreximbank Internship Program
- Students with proof of enrollment in full-time undergraduate or postgraduate study programmes in a recognised institution of learning in the year of the internship are preferred. The Bank will be especially interested in candidates whose field of study is in economics, business administration, finance, accounting, social sciences, statistics, law, sciences, engineering or related fields;
- Nationals of the Afreximbank Group member states, students of African descent in the diaspora and non-African students whose vision for the transformation of Africa resonates with the mission of Afreximbank.
- Fluency in English or French and a working knowledge of the other. Knowledge of Arabic or Portuguese will be an added advantage, and
- Candidates must be aged between 20 and 32 in the year in which they apply for the internship;
- Any other applicants as may be approved by the President;
- Children of Afreximbank staff are not eligible to participate in this program.
Required Application Documents
- Letter of application
- copy of current CV
- copy of valid passport
- certified copies of relevant academic certificates
- recommendation for an internship from the institution of learning they are attending. This should include the proposed period of internship up to a maximum of six months
- Short Statement of Intent (maximum of 1 A4 page) indicating what they expect to gain out of the internship program
See Also: Research Assistant Positions at Nile University
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