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.
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 1000 and housing allowance of USD 500 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;
Relevant residence visa for the duration of the internship programme, if so required.
Name of Organizer
Afreximbank
Requirements/ Eligibility Criteria
The programme is open to students who are:
Children of Afreximbank staff are not eligible to participate in this programme.
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;
Duration/ Stipend
Minimum: 3 months
Maximum: 6 months
Monthly Tax-Free Stipend: USD 1,000
Housing Allowance: USD 500 for interns relocating from their home countries
Return Transport Costs: Reasonable airfare from the intern’s institution to Cairo, Egypt
Accommodation: One week in a hotel during the induction period (bed and breakfast)
Airport Transfers: Provided upon arrival and departure
Visa Assistance: Relevant residence visa for the internship period, if required
Note: Interns are responsible for other expenses, including meals, additional accommodation, transport, clothing, and personal insurance beyond what is provided.
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