The Afreximbank Group Internship Program offers a valuable opportunity for African students to gain practical experience in trade finance and develop their careers. This program aims to broaden understanding of African trade issues and the principles of trade finance, especially structured trade finance, which is the operating model of Afreximbank.
About Afreximbank Group
Afreximbank, also known as the African Export-Import Bank, is a pan-African multilateral financial institution established in 1993 under the auspices of the African Development Bank. Headquartered in Cairo, Egypt, Afreximbank supports African governments and private businesses by providing financial solutions that promote trade across the continent and beyond.
Benefits of the Afreximbank Group Internship Program
The Afreximbank Group Internship Program is designed to offer interns a comprehensive learning experience. While interns are responsible for their own daily expenses, the program provides several benefits:
- Travel Support: Coverage of reasonable return travel costs to the internship location, following the Bank’s travel policy.
- Monthly Stipend: A tax-free stipend of USD $800 per month to help cover living expenses.
- Accommodation: One week of hotel accommodation, including breakfast, during the induction period at the start of the internship.
- Transfers: Transportation to and from the hotel upon arrival and departure.
- Visa Assistance: Provision of the relevant visa for the internship duration, if required.
Eligibility Criteria for the Afreximbank Group Internship Program
To qualify for the Afreximbank Group Internship Program, applicants must meet the following requirements:
- Enrollment: Must be enrolled in a full-time undergraduate or postgraduate study program at a recognized institution during the year of the internship. Preferred fields of study include economics, business administration, finance, accounting, social sciences, statistics, law, sciences, engineering, or related fields.
- Nationality: Open to nationals of Afreximbank member states, students of African descent in the diaspora, and non-African students whose vision aligns with Afreximbank’s mission to transform Africa.
- Language Proficiency: Fluency in English or French is required, with a working knowledge of the other. Knowledge of Arabic or Portuguese is an added advantage.
- Age: Applicants must be between 20 and 32 years old in the year they apply.
- Eligibility: Children of Afreximbank staff are not eligible for this program.
Application Process for the Afreximbank Group Internship Program
The internship program is conducted twice a year, beginning in January and June, and applications are accepted year-round. Due to limited slots, only selected candidates will be contacted for the program. To apply, candidates must complete an online internship application form and submit the following documents:
- Letter of Application: Detailing interest in the internship.
- Curriculum Vitae (CV): Up-to-date resume.
- Valid Passport: Copy of a valid passport.
- Academic Certificates: Certified copies of relevant academic qualifications.
- Recommendation Letter: From the institution of learning, including the proposed internship period (up to six months).
- Statement of Intent: A brief statement (maximum one A4 page) outlining expectations and objectives for participating in the internship program.
How to Apply for the Afreximbank Group Internship Program
- Visit the Official Website: Access the application portal through the Afreximbank Group website.
- Submit Application Form: Fill out the online form and upload all required documents.
- Await Confirmation: Selected candidates will be contacted for the internship.
The Afreximbank Group Internship Program provides an excellent platform for students to enhance their skills, gain practical experience, and contribute to the development of trade finance in Africa. Apply today to be a part of this transformative opportunity!
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