Call For Applications: AFREXIMBANK Internship Program for African Students (A monthly tax-free stipend of USD $800)

AFREXIMBANK Internship Program offers good students a chance for an internship with the Bank, it is expected that they will leave with a better knowledge of the Bank’s mandate and operating model, which they will put to use as they develop their careers, no doubt with direct benefits to the Bank and generally, to trade in Africa.

It is also expected that the interns will also contribute fresh and diverse ideas to the operations of the Bank. The Internship is open to students who are nationals of the Bank’s member countries a list of which is available on the Bank’s website.

The program attracts a lot of highly qualified candidates. Entry into the program based on merit.

The Bank recognizes that as part of its mandate to promote and finance trade in Africa, it needs to facilitate a broader understanding of the problems of African trade and trade finance as well as the principles of trade finance, and especially structured trade finance, which is its operating model.

The African Export-Import Bank (Afreximbank) is a Multilateral Financial Institution established for the purposes of financing and promoting intra and extra-African trade. The shareholders comprise African governments, African private and institutional investors as well as non-African private and institutional investors.

Requirements:

• Open to students with proven enrollment in full-time undergraduate or postgraduate study programs in a recognized institution of learning in the year of the internship is preferred. The Bank will be especially interested in candidates whose field of study is in the following fields: economics, business administration, finance, accounting, social sciences, statistics, law, or related fields;
• Nationals of the Bank’s member states;
• 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.

Duration and Reward

Interns are expected to take care of their own upkeep during their internship program including accommodation, meals, transport, clothing, medical and group personal accident insurance.

However, the Bank will, on gratis terms, provide the following to successful interns:

• Before commencement, coverage of reasonable return fare transport costs to their internship location using the most economic and direct routing from their institution of learning, in line with the Bank’s travel policy;
• A monthly tax-free stipend of USD $800 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 program; and
• Relevant visa for the duration of the internship program, if so required.

Required Documents

• Letter of application;
• copy of their current CV;
• copy of valid passport ;
• certified copies of relevant academic certificates;
• recommendation for internship from the institution of learning that 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;

Method of Application

Once accepted, successful candidates will be given two weeks within which to accept a conditional offer from the Bank, or else it will expire. During this period, they will be expected to show evidence of the possession of medical insurance and group personal accident cover that is valid in Egypt (or their given internship location) during their period of internship.

Failure to provide this before the start of the internship will lead to automatic withdrawal of the offer. Interns will be expected to start their internship within the first month of each internship season.

Deadline: Not Specified 

Click HERE to Apply