The Afreximbank Group comprises of the African Export-Import Bank (Afreximbank), the Fund for Export Development of Africa (FEDA), a private equity subsidiary, the Pan African Payments and Settlements System (PAPSS), and Afrexinsure, a captive insurance subsidiary.
The African Export-Import Bank (Afreximbank) is a multilateral financial institution dedicated to financing and promoting intra- and inter-African commerce. The shareholders include African governments, African private and institutional investors, as well as non-African private and institutional investors.
The internship is open to students from the Bank’s member countries, students of African descent in the diaspora, and non-African students with a vision for Africa’s transformation that aligns with the Afreximbank Group’s mission. The programme attracts highly qualified candidates—entry into the programme is based on merit.
Benefits of Afreximbank Group Internship Program
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.
However, 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.
The hotel accommodation costs cannot be exchanged for cash;
- For purposes of managing competency requirements, all interns will be linked to the Team Support grade in the Bank’s current grade structure. Any incidental allowances that may need to be applied (e.g., travel where required) will use this grade as the basis of award;
- Interns are neither contract nor permanent staff of the Bank and are therefore not entitled to any of the benefits that accrue to any of the Bank’s various categories of staff in any respect;
- Candidates can only intern once and for a minimum period of 3 months and a maximum period of 6 months;
- Internship does not in any way offer the promise of employment of any sort either before, during or after the internship; and
- Interns are expected to abide by the Group’s regulations as highlighted in its various documents (including the staff manual) and to behave in a manner that is expected of all the staff. In case of breach of any of the Group’s regulations, management reserves the right to terminate the internship programme and all attendant benefits with 1 days’ notice, without any obligation on the part of the Group.
Requirements for Afreximbank Group Internship Program
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.
Selection Process
- 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.
Application Documents
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.
Application Deadline
October 31, 2024
How to Apply
For more details, visit Afreximbank website