The Afreximbank Internship Program provides a valuable opportunity for students to gain practical experience in trade finance and the operations of a multilateral financial institution. This program is designed to offer interns a deeper understanding of the Afreximbank Group’s mandate and operating model, while also allowing them to contribute fresh ideas to the organization.
The African Export-Import Bank (Afreximbank) is a multilateral financial institution established to finance and promote intra- and extra-African trade. Headquartered in Cairo, Egypt, the Bank has branches across Africa and the Caribbean, and its shareholders include African governments and private investors.
Afreximbank Internship Program Benefits
- Coverage of reasonable return fare transport costs to the internship location
- A monthly tax-free stipend of USD 1000
- Housing allowance of USD 500 for interns relocating from their home countries
- Accommodation in a hotel chosen by the Bank (bed and breakfast only) for one week during induction
- Transfer to the hotel on arrival and vice versa on departure
- Relevant residence visa for the duration of the internship programme, if required
Afreximbank Internship Program Eligibility Criteria
- 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
- 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
- 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
How to Apply for Afreximbank Internship Program?
- Complete an online internship application form
- Submit a letter of application
- Submit a copy of current CV
- Submit a copy of valid passport
- Submit certified copies of relevant academic certificates
- Submit a recommendation for internship from the institution of learning they are attending, including the proposed period of internship up to a maximum of six months
- Submit a Short Statement of Intent (maximum of 1 A4 page) indicating what they expect to gain out of the internship programme
Frequently Asked Questions (FAQs)
Here are the most frequently asked questions about the Afreximbank Internship Program. These answers cover eligibility, benefits, deadlines, and how to apply.
What is the Afreximbank Internship Program?
The Afreximbank Internship Program is an opportunity for students to gain experience with the African Export-Import Bank, a multilateral financial institution that finances and promotes trade in Africa. Interns learn about trade finance and the Bank’s operating model.
Who is eligible to apply for the internship?
Eligible applicants are students enrolled in full-time undergraduate or postgraduate programs, aged 20-32, nationals of Afreximbank member states or students of African descent, fluent in English or French. Children of Afreximbank staff are not eligible.
What are the benefits of the internship?
Benefits include coverage of return transport costs, a monthly tax-free stipend of USD 1000, a housing allowance of USD 500 for relocating interns, one week of hotel accommodation during induction, and visa assistance if required.
When is the application deadline?
Applications are received throughout the year. Internships are offered twice a year, starting in January and June, but there is no specific deadline mentioned.
How long does the internship last?
The internship lasts for a minimum of 3 months and a maximum of 6 months. Interns can only participate once.
Where will the internship take place?
Most internships will be at the Bank’s headquarters in Cairo, Egypt. The internship is not virtual, and interns are required to relocate to the allocated location.
What documents are required to apply?
Required documents include a completed online application form, letter of application, CV, valid passport copy, academic certificates, internship recommendation from the institution, and a Statement of Intent.
Is the internship paid?
Yes, interns receive a monthly tax-free stipend of USD 1000 and a housing allowance of USD 500 if relocating from their home country, along with other benefits like transport coverage.
Can the internship lead to employment at Afreximbank?
No, the internship does not offer the promise of employment either before, during, or after the internship. It is solely a learning opportunity.
What are the terms and conditions for interns?
Interns are not staff and are not entitled to staff benefits. They must abide by the Group’s regulations, and the internship can be terminated with one day’s notice for breaches.
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