Afrexim bank, officially known as the African Export-Import Bank, stands as a Multilateral Financial Institution established with the primary objectives of funding and fostering intra and extra African trade. Its shareholders include African governments, private and institutional investors from Africa, as well as non-African private and institutional investors.
The creation of the Bank was facilitated through the implementation of two key constitutive instruments. Firstly, an Agreement was signed by member states and multilateral organizations, granting the Bank the status of an international organization. Additionally, a charter was established, delineating the corporate structure and operations of the Bank and signed by all its shareholders.
The Bank’s headquarters is situated in Cairo, Egypt, and it currently maintains operational branches in Harare, Zimbabwe (inaugurated in November 1996); Abuja, Africa (commenced operations in January 2003); Abidjan, Ivory Coast (established in 2015); and Nairobi, Kenya (also established in 2015). These strategic locations emphasize the Bank’s commitment to facilitating and enhancing economic activities and trade relationships within the African continent and beyond.
Internship programs at institutions like AFREXIM Bank are designed to offer students and recent graduates valuable hands-on experience in the field of international finance, trade, and development. These programs aim to provide participants with exposure to the day-to-day operations of the bank, allowing them to apply theoretical knowledge gained in the classroom to real-world situations.
The AFREXIM Bank Internship Program may cover various areas within the institution, including finance, risk management, trade and project finance, legal affairs, and more. Interns might have the opportunity to work on specific projects, assist in research, and collaborate with experienced professionals within the bank.
Eligibility criteria for the internship program, application procedures, and duration can vary. Interested individuals typically need to check the official AFREXIM Bank website or contact the bank directly for the most up-to-date information on internship opportunities, requirements, and application deadlines.
Internship programs are beneficial for both the interns, who gain practical experience and exposure to the industry, and the institutions, which can identify and nurture talent for potential future employment. Keep in mind that details of internship programs may change, so it’s essential to refer to the official sources for the latest information.
Benefits
The Bank 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 economic and direct routing from their institution of learning, in line with the Bank’s travel policy;
- A monthly tax free stipend of USD 800 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, basing 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 visa for the duration of the internship programme, if so required.
Requirements For The AFREXIM Bank Internship Program
The programme is open to students who are :
- Students with proven enrollment in full time undergraduate or post graduate 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 the following fields: economics, business administration, finance, accounting, social sciences, statistics, law or related fields;
- Nationals of the Bank’s member states;
- 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
- The Bank is only able to take two candidates in each season, making a total of four interns per year, unless specifically approved by the President. Only successful candidates are contacted.
- Once accepted, successful candidates will be given two weeks within which to accept a conditional offer from the Bank, or else it will expire. During this period, they will be expected to show evidence of the possession of medical insurance and group personal accident cover that is valid in Egypt (or their given internship location) during their period of internship. Failure to provide this before the start of the internship will lead to automatic withdrawal of the offer.
- Interns will be expected to start their internship within the first month of each internship season.
- On commencement, interns will be taken through the Bank’s normal induction process and then attached to a particular primary department, whose Head of Department will select a mentor for them during their internship period. However, through the period of their internship, they will be rotated around the various departments of the Bank as deemed fit by their mentor and Head of department.
- At the end of the internship, candidates will be expected to write a report on what they have gained from the internship and how they intend to use this knowledge to promote intra and extra African trade.
Method of Application
Visit The Official Website to Apply
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