Afreximbank offers paid internships with stipends and housing allowances for students and recent graduates to gain experience in African trade finance and economic development

[dropcap]T[/dropcap]he African Export-Import Bank (Afreximbank) has announced a new 6-month Internship Program offering students and recent graduates hands-on experience in trade finance and economic development.

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The competitive program provides a monthly tax-free stipend of $1,000 and a $500 housing allowance for those relocating, aiming to nurture the next generation of African leaders

The program is open to students from Afreximbank member states, individuals of African descent in the diaspora, and non-African students aligned with the Bank’s mission.

Eligible applicants must be aged 20-32, enrolled in a relevant full-time undergraduate or postgraduate program, demonstrate fluency in English or French, and secure a recommendation from their institution. Knowledge of Arabic or Portuguese is advantageous.

Internships run twice annually, in January and June, for a maximum of six months. While most positions are based in Cairo, Egypt, opportunities may arise in other Afreximbank Group entities across Africa.

The initiative, designed to nurture the next generation of African leaders and global change-makers, offers a unique opportunity for students to work directly with industry experts while contributing to the continent’s economic transformation,” states Afreximbank.

Interns will undergo induction, departmental assignments based on their background, and rotations across value chain departments, guided by mentors. A final report on their learning and its application to Africa’s development is required.

Applications are open year-round via Afreximbank’s online portal, closing on April 30, 2025. Required documents include a letter of application, CV, passport copy, certified academic certificates, a recommendation letter, and a one-page Statement of Intent. Selected candidates have two weeks to accept the offer and provide necessary documentation.

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Afreximbank, a multilateral financial institution, promotes intra and extra-African trade. Its shareholders include African governments, private and institutional investors (both African and non-African). Headquartered in Cairo, the Bank has branches across Africa and in Barbados.