ACDAfrica Career Desk

Structured Pathways

Graduate programmes & fellowships

Explore Africa-focused graduate programmes, fellowships, internships and early-career pathways in finance, investment, development finance, infrastructure and strategy.

Africa50

Infrastructure & Project Finance

Investment Analyst Intern, PI Fund

Africa50

Casablanca, Morocco

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Programme details and eligibility

Summary

Join Africa50’s Principal Investment team in Casablanca for a six-month internship starting in January 2027. Work across infrastructure investment screening, financial modelling, valuation, transaction execution and portfolio monitoring, gaining practical experience with equity and quasi-equity investments in businesses across Africa.

About the programme

Africa50’s Principal Investments Fund takes minority equity and quasi-equity stakes in African infrastructure and related businesses. The intern is integrated into the investment team and works across the investment cycle, combining commercial analysis with risk, ESG and value-creation considerations. The position is based in Casablanca with flexible working arrangements and possible travel within Sub-Saharan Africa; the employer does not specify a remote-work entitlement.

Programme experience

  • Screen potential investments and assess how they fit the fund’s strategy.
  • Research industries, markets and companies, including competitive dynamics and growth opportunities.
  • Build and review financial models and valuations, testing key assumptions and investment risks.
  • Prepare investment memoranda, presentations and other materials for internal decisions.
  • Support due diligence and transaction execution by coordinating and reviewing information from companies and advisers.
  • Monitor portfolio-company performance and assess ESG considerations, risk mitigants and value-creation opportunities.

Key requirements

  • Be an undergraduate or graduate student from a leading university.
  • Previous internship experience in M&A, investment banking, private equity, project finance, transaction services or a closely related field.
  • Strong analytical skills and understanding of financial statements, corporate finance and company valuation; financial modelling and Excel/PowerPoint proficiency.
  • Demonstrated interest in private equity, infrastructure investment and African markets.
  • Excellent English communication. The candidate profile calls French an advantage, while the separate language section requests excellent English and French; confirm the requirement with Africa50.
  • Integrity, attention to detail, initiative, sound judgement and the ability to manage competing priorities and collaborate across diverse teams.

Six-month placement from January 2027. The official role page links to Africa50’s application form. No employer posting date or deadline is stated. French requirements differ between sections of the advert; check with the employer before applying.

Mastercard

Corporate Development, M&A & Strategy

Associate Consultant Intern, Summer 2027 – Egypt

Mastercard

Cairo, Egypt

Applications close

29 Nov 2026

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Programme details and eligibility

Summary

Join Mastercard’s Advisors & Consulting Services team in Cairo for a summer 2027 internship. Work on business and strategic questions using data and technology, while gaining exposure to consulting delivery, client relationships and several industries, including financial services.

About the programme

Interns contribute to small project teams and receive mentorship, training and leadership exposure. The advert describes Business Experimentation, Strategy & Transformation, Performance Analytics, Marketing and Deploy tracks. Placement determines the main work, so strategy or analytics exposure should not be treated as a guaranteed assignment for every successful applicant.

Programme experience

  • Analyse client data and business problems to develop practical recommendations.
  • Contribute to consulting deliverables in small teams and build client relationships.
  • Evaluate strategic questions such as market entry, operating models and business performance, depending on track.
  • Communicate findings through structured presentations and client discussions.
  • Support implementation and learn how consulting engagements move from analysis into execution.

Key requirements

  • Undergraduate or accelerated master’s degree with expected graduation between December 2027 and July 2028.
  • Strong structured problem-solving, quantitative and analytical ability.
  • Clear written and spoken communication, teamwork and interest in business decisions.
  • Evidence of leadership and academic achievement; data tools such as SQL, SAS, Excel or Tableau are an asset.

Summer 2027 internship. Track placement varies; review the available consulting specialisms and application requirements on the employer page.

Mastercard

Corporate Development, M&A & Strategy

Associate Consultant Intern, Winter 2027 – Morocco

Mastercard

Casablanca, Morocco

Applications close

1 Dec 2026

View programme
Programme details and eligibility

Summary

Gain consulting experience with Mastercard in Casablanca through its winter 2027 Associate Consultant internship. The role combines client problem-solving, analysis and presentation work, with opportunities to contribute to business transformation and growth projects across financial services and other industries.

About the programme

The internship sits in Advisors & Consulting Services and involves work in small client teams, supported by experienced managers. The Morocco advert describes Strategy & Transformation and Marketing specialisms, although its introductory track count is broader. Actual placement will shape project exposure; a strategy assignment is not guaranteed by the listing.

Programme experience

  • Analyse client data and business problems to develop practical recommendations.
  • Contribute to consulting deliverables in small teams and build client relationships.
  • Evaluate strategic questions such as market entry, operating models and business performance, depending on track.
  • Communicate findings through structured presentations and client discussions.
  • Support implementation and learn how consulting engagements move from analysis into execution.

Key requirements

  • Undergraduate or accelerated master’s degree with expected graduation in spring 2027.
  • Strong analytical, quantitative and structured problem-solving skills.
  • Excellent written and verbal communication and ability to work in small teams.
  • Evidence of academic achievement, leadership and interest in business; experience with data-analysis tools is advantageous.

Winter 2027 internship. The Morocco advert details Strategy & Transformation and Marketing tracks; confirm placement during recruitment.

Mastercard

Corporate Development, M&A & Strategy

Global Markets Intern, Summer 2027 - Cairo, Egypt

Mastercard

Cairo, Egypt

Applications close

30 Nov 2026

View programme
Programme details and eligibility

Summary

Explore payments-business development and product solutions through Mastercard’s Global Markets summer 2027 internship in Cairo. The programme offers early exposure to commercial strategy, customer needs and project delivery, serving as a potential pathway into the following year’s graduate programme.

About the programme

Applicants may express a preference for Sales and Business Development or Product Management and Solutions, or indicate openness to both. The first track focuses on consultative sales and market intelligence; the second covers product performance and implementation. The internship includes mentorship, professional development and networking, but a later graduate offer is not guaranteed.

Programme experience

  • Support strategic sales planning and analysis of customer or market needs, depending on placement.
  • Contribute market intelligence to product-development and commercial teams.
  • Help connect Mastercard products and solutions with growth opportunities.
  • Support product and implementation plans, including schedules, budgets and reporting.
  • Collaborate with experienced teams and participate in professional-development activities.

Key requirements

  • Penultimate-year bachelor’s or master’s student expecting to graduate in 2028.
  • Available full-time for 10 weeks between 21 June and 28 August 2027.
  • Strong written and verbal communication and the ability to explain complex ideas.
  • Evidence of leadership, ownership of results and willingness to learn quickly.

State a preferred function, or openness to both tracks, in the application. This is payments-business exposure; the advert does not describe a securities-trading internship.

Stanbic Bank Kenya (Standard Bank Group)

Corporate Development, M&A & Strategy

Graduate Trainee Programme

Stanbic Bank Kenya (Standard Bank Group)

Nairobi, Kenya

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Programme details and eligibility

Summary

Build professional experience through Stanbic Bank Kenya’s Graduate Trainee Programme in Nairobi. The contract role uses structured learning, practical tasks and stakeholder interaction to develop business understanding and reliable work delivery, with eligibility limited to recent graduates with less than one year of experience.

About the programme

The employer places this programme within the Office of the CEO. Trainees apply foundational knowledge and guided judgement while learning core processes, collaborating with colleagues and developing problem-solving skills. The advert describes broad business and operational exposure; it does not specify investment-banking rotations, a programme duration or a guaranteed permanent position after completion.

Programme experience

  • Produce accurate and timely work using foundational professional knowledge and established frameworks.
  • Participate in structured learning and apply guidance to build capability and business understanding.
  • Learn core processes and use relevant systems and tools in assigned work.
  • Engage with stakeholders and collaborate with colleagues to support team objectives.
  • Apply problem-solving skills to support operational effectiveness and service delivery.

Key requirements

  • A first degree in a relevant field, including business, finance, accounting, banking, audit, IT, law, marketing, mathematics, risk, analytics or quantitative studies.
  • Graduation from a recognised university within the three years preceding application; earlier graduates are not eligible.
  • Less than one year of experience, with exposure to a structured workplace through internships, vacation work, graduate programmes or entry-level roles.
  • Ability to work to deadlines, collaborate and produce reliable outputs, with communication and professional judgement.
  • The listed competencies include AI, data analytics, critical thinking, innovation, leadership and business acumen.

Contract programme at Stanbic Bank Kenya; employer reference 80457189A-0001. The Apply button opens the verified Standard Bank description. No deadline or programme length is stated. Specific CIB or investment rotations are not promised.

Trade and Development Bank Group (TDB Group)

Development Finance & Multilaterals

TDB Group Early/Mid-Career Programme 2026

Trade and Development Bank Group (TDB Group)

Regional offices across Africa; placement dependent

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Programme details and eligibility

Summary

Develop a career in African trade and development finance through TDB Group’s 24-month Early/Mid-Career Programme. Intended for professionals with at least five years of experience, it combines professional development and knowledge transfer with assignments across the group’s banking and specialist functions.

About the programme

The programme aims to strengthen emerging and underserved markets, with particular emphasis on Angola, Côte d’Ivoire, Mauritania, Namibia and Senegal. Functional areas can include origination, structuring, Treasury, green or concessional finance, risk and asset management. Placement may be at a regional office in Addis Ababa, Bujumbura, Harare, Kinshasa, Nairobi or Mauritius. Progression to regular employment depends on performance and budget, and shorter assignments may also be considered.

Programme experience

  • Contribute existing professional expertise to assignments across TDB Group’s banking and specialist functions.
  • Build additional skills through professional development, capacity building and knowledge transfer.
  • Support the group’s trade, development and regional-integration objectives within the assigned business area.
  • Collaborate in a multinational environment and develop relationships relevant to the chosen placement.

Key requirements

  • Master’s degree in business administration, accounting, banking, finance, economics or a related field.
  • At least five years of relevant postgraduate experience in commercial, corporate or development banking or a financial institution.
  • Strong knowledge of corporate finance, banking and Treasury, including relevant regional regulation and professional standards.
  • Quantitative analysis and financial-modelling skills and proficiency in Microsoft Office and ERP systems.
  • Effective English communication; French or Portuguese and qualifications such as CPA, ACCA, CFA or CIB are advantages.
  • Commitment to African development and regional integration, with strong organisation, problem-solving and teamwork.

Apply by 15 November 2026 with a cover letter, CV, academic and professional certificates, contact details and three references. Placement and potential progression to regular staff depend on the employer’s requirements.

African Development Bank (AfDB)

Development Finance & Multilaterals

2027 MO IBRAHIM FOUNDATION LEADERSHIP FELLOWSHIP PROGRAM

African Development Bank (AfDB)

Abidjan, Côte d’Ivoire

Applications close

20 Nov 2026

View programme
Programme details and eligibility

Summary

Work with AfDB’s senior leadership through the 2027 Mo Ibrahim Foundation Leadership Fellowship. Based primarily in Abidjan, the programme offers experienced African professionals exposure to strategy, policy and institutional decision-making, with assignments that support the Bank’s development mandate.

About the programme

The Fellow receives guidance from the President, Senior Vice President, Chief of Staff or a designated representative and contributes to strategic assignments in the President’s Office. The term is up to twelve months and is not renewable. It is a fellowship rather than regular employment: the advert specifies no entitlement to a subsequent job and a one-year restriction on recruitment as Bank staff after the fellowship ends.

Programme experience

  • Develop and help implement approaches to strategic issues that support the Bank’s mission and objectives.
  • Research emerging strategy, programme and policy topics and analyse their implications for the institution.
  • Monitor Bank initiatives and prepare clear briefs, memos and analysis for senior decision-makers.
  • Contribute to high-level discussions and prepare materials for the President’s meetings and missions.
  • Support additional strategic assignments from senior staff in the President’s Office, building professional and leadership capability.

Key requirements

  • Nationality of an African country; candidates may reside anywhere in the world.
  • Master’s degree in banking, business, economics, finance, international development, social sciences or another relevant discipline.
  • At least seven years of relevant work experience, with strong leadership, analytical and strategic-planning capabilities.
  • Age limit of 40, extended to 45 for women with children, as specified by the programme.
  • Current or former Bank staff, candidates with the specified close family relationships to staff, government officials, active military personnel and political party leaders are ineligible.
  • Demonstrated project delivery, policy or strategy development, communication and stakeholder-management skills; submit the required CV, transcripts and three recommendation letters.

Apply online by 20 November 2026. The fellowship is non-renewable and does not confer staff status or a right to employment. Review all eligibility exclusions and the post-fellowship recruitment restriction in the official advert.

Actis

Infrastructure & Project Finance

Actis — Associate Programme

Actis

Global / Growth Markets

Current application intake needs confirmation.

View programme
Symbiotics

Climate & Impact Investing

Symbiotics — Markets Team Internship, Cape Town

Symbiotics

Cape Town, South Africa

View programme
Chapel Hill Denham

Investment Banking & Advisory

Chapel Hill Denham — Internship Programme

Chapel Hill Denham

Lagos, Nigeria

View programme
McKinsey & Company

Corporate Development, M&A & Strategy

McKinsey — Young Leaders Program

McKinsey & Company

Nairobi, Kenya

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Sahel Capital

Private Equity, VC & Private Credit

Graduate Programme

Sahel Capital

Lagos

View programme
Investisseurs & Partenaires (I&P)

Private Equity, VC & Private Credit

Chargé.e d'investissement junior – Abidjan

Investisseurs & Partenaires (I&P)

Abidjan, Côte d'Ivoire

Current application intake needs confirmation.

View programme

All programmes link to the official provider page.