Afreximbank Group 2024 Internship Program for African Students

Applications are now open for the Afreximbank Group 2024 Internship Program. 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.

About Afreximbank Group 2024 Internship Program

Opportunity Details

Date Published: August 29, 2024
Application Deadline: November 21, 2024
Category: Internship Partial
Oppotunity Locations: Egypt

Afreximbank Group recognises 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, especially structured trade finance, which is its operating model. By offering good students a chance for an internship with the Group, it is expected that students will leave with a better knowledge 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.

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; 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. The programme attracts highly qualified candidates—entry into the programme based on merit.

Timing

The internships are offered for up to a maximum of six months twice a year (January and June). Applications for internships are received throughout the year.

Numbers

The Group is only able to take a limited number of candidates in each cohort, and only successful candidates will be contacted.

Terms and Conditions of the Internship

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

Sponsor Organisation: Afreximbank

Benefits of Afreximbank Group 2024 Internship Program

The Group 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 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.

Afreximbank Group 2024 Internship Program Requirements

The programme is open to students who are:

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 programme.

Application Date and Process

Applicants are required to complete an online internship application form along with the following:

Letter of application;
copy of current CV;
copy of valid passport ;
certified copies of relevant academic certificates;
recommendation for 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 programme;