The African Export-Import Bank (Afreximbank) serves as a Multilateral Financial Institution established with the aim of financing and fostering intra and extra-African trade. Its shareholders consist of African governments, African private and institutional investors, as well as non-African private and institutional investors.
The Bank was instituted under the dual constitutive instruments, an Agreement signed by member states and multilateral organizations, conferring international organization status upon the Bank, and a charter governing its corporate structure and operations, endorsed by all shareholders.
Headquartered in Cairo, Egypt, the Bank currently operates branches in Harare, Zimbabwe (inaugurated in November 1996); Abuja, Nigeria (established in January 2003); Abidjan, Ivory Coast (established in 2015); and Nairobi, Kenya (established in 2015).
Benefits:
The Bank will provide the following benefits to successful interns on a complimentary basis:
- Coverage of reasonable return fare transport costs to their internship location prior to commencement, adhering to the most economical and direct routing from their learning institution, in accordance with the Bank’s travel policy.
- A monthly tax-free stipend of USD 800, payable at the end of each month, to assist in covering living expenses.
- Accommodation in a Bank-selected hotel (bed and breakfast only) for one week during the induction period upon arrival at the internship location for interns, based on their prior location.
- Transportation to the hotel upon arrival and vice versa upon departure after a successful internship program.
- Relevant visa for the duration of the internship program, if required.
Requirements:
The program is open to students who are:
- Students enrolled in full-time undergraduate or postgraduate study programs in a recognized institution of learning in the year of the internship. The Bank shows particular interest in candidates studying economics, business administration, finance, accounting, social sciences, statistics, law, or related fields.
- Nationals of the Bank’s member states.
- Fluent in English or French and possess a working knowledge of the other. Proficiency in Arabic or Portuguese is an added advantage.
- Age between 20 and 32 in the year of applying for the internship.
- Any other applicants may be approved by the President.
- Children of Afreximbank staff are ineligible to participate in this program.
Selection Process:
- The Bank can accommodate only two candidates in each season, totaling four interns annually unless expressly approved by the President. Only successful candidates will be contacted.
- Once selected, candidates must accept a conditional offer from the Bank within two weeks, or the offer will expire. During this period, evidence of possessing valid medical insurance and group personal accident cover applicable in Egypt (or the specified internship location) throughout the internship must be provided. Failure to furnish this information before the internship’s commencement will result in automatic withdrawal of the offer.
- Interns are expected to commence their internship within the initial month of each internship season.
- Upon initiation, interns will undergo the Bank’s standard induction process and then be assigned to a specific primary department. The Head of the Department will designate a mentor for them during the internship. However, throughout their internship, they will be rotated across various Bank departments as determined by their mentor and Head of the Department.
- After the internship, candidates are required to submit a report detailing the knowledge gained and how they intend to leverage this knowledge to promote intra and extra-African trade.
Application Procedure:
To apply, please click here.
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