The African Export-Import Financial institution (Afreximbank) is inviting college students and up to date graduates to achieve hands-on expertise in commerce, finance, and financial improvement by way of its aggressive 6-month Internship Program.
Though the internship is unpaid within the conventional sense, Afreximbank is providing a number of perks to profitable candidates, together with a month-to-month, tax-free stipend of $1,000 and a further housing allowance of $500 for these relocating from exterior the host nation.
The initiative, designed to nurture the subsequent era of African leaders and world change-makers, presents a novel alternative for college kids to work straight with trade specialists whereas contributing to the continent’s financial transformation.
Who can apply?
Based on the announcement by Afreximbank, the Internship Program is open to college students from member states of the Financial institution, people of African descent within the diaspora, and non-African college students whose imaginative and prescient aligns with the Financial institution’s mission to advance Africa’s improvement.
To be eligible, candidates should:
Be aged between 20 and 32 within the yr of utility.Be enrolled in a full-time undergraduate or postgraduate program in a acknowledged establishment.Be learning in related fields resembling economics, finance, accounting, legislation, engineering, statistics, or social sciences.Display fluency in English or French (information of Arabic or Portuguese is an added benefit).Safe a suggestion from their tutorial establishment for the internship interval (most six months).
Program construction and areas
The internships run twice a yr: in January and June for a most of six months. Whereas most interns will likely be based mostly on the Financial institution’s headquarters in Cairo, Egypt, alternatives may be accessible in different Afreximbank Group entities throughout Africa.
Interns will endure a complete induction program earlier than being assigned to departments aligned with their tutorial background {and professional} pursuits.
All through the internship, individuals will likely be rotated throughout numerous worth chain departments and assigned mentors for steerage.
On the finish of this system, interns are required to submit a report detailing what they discovered and the way they intend to use this information to Africa’s improvement.
Software course of
Based on the financial institution, purposes are open year-round and should be submitted through Afreximbank’s on-line internship utility portal. Required paperwork embody:
A letter of applicationCurriculum Vitae (CV)Copy of a legitimate passportCertified tutorial certificatesRecommendation letter from their instructional institutionA one-page Assertion of Intent outlining what the applicant hopes to achieve from this system.
individuals can apply through the Afrieximbank’s portal right here. Purposes shut on April 30, 2025.
As soon as chosen, candidates have two weeks to simply accept the supply and current all required documentation. Failure to conform results in automated withdrawal of the supply.
What you must know
Afreximbank Group contains of the African Export -Import Financial institution (Afreximbank), the Fund for Export Growth of Africa (FEDA), a non-public fairness subsidiary, , the Pan African Funds and Settlements System (PAPSS) and Afrexinsure, a captive insurance coverage subsidiary.
The African Export-Import Financial institution (Afreximbank) is a Multilateral Monetary Establishment established to finance and promote intra and additional -African commerce.
The shareholders comprise African governments, African non-public and institutional buyers, and non-African non-public and institutional buyers.The Financial institution was established below the dual constitutive devices of an Settlement signed by member states and multilateral organizations, which confers the standing of a world organisation on the Financial institution, in addition to a constitution governing its company construction and operations, and signed by all shareholders.The Financial institution is headquartered in Cairo, Egypt and presently operates branches in Harare, Zimbabwe (opened in November 1996); in Abuja, Nigeria (opened in January 2003); in Abidjan, Ivory Coast (opened in 2015); Kampala, Uganda (opened in 2019), Yaoundé Cameroon (opened in 2021) and Bridgetown, Barbados (opened in 2023).
