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The International Finance Corporation (IFC) Next 100 African Startups Initiative for promising African start-ups (Funded to Sharm El-Sheikh, Egypt)

by OFA
written by OFA

Application Deadline: October 21st, 2018

The Next 100 African Startups Initiative is a program, launched in partnership between the Egyptian Ministry of Investment and International Cooperation (MIIC) and the International Finance Corporation (IFC), which will select up to 100 promising African start-ups to participate in the Africa 2018 Forum in Sharm El-Sheikh on December 8-10. Selected startups will be given the opportunity to connect with international investors and financial institutions, government officials, and policymakers from the African continent.

Africa’s entrepreneurship ecosystem has grown rapidly over the past decade, thanks to growing momentum among its entrepreneurs and increased collaboration between a number of key regional entities. This has resulted in a significantly enhanced ecosystem and more funding opportunities. The Africa 2018 Forum, which takes place in Sharm El-Sheikh from December 8-9, under the patronage of H.E. President Abdel Fattah El Sisi, offers an opportunity to take this burgeoning ecosystem a step further.

The initiative’s aim is to unlock the region’s entrepreneurial potential by showcasing Africa’s best and brightest entrepreneurs and start-ups, and creating markets for early stage businesses. The program targets Africa-based startups that have already demonstrated some level of success, either by generating revenue or by developing a working prototype. The selected startups and entrepreneurs will have the opportunity to network with, and be connected to, top business and political leaders.

The initiative builds on MIIC strong efforts to stimulate the Egyptian entrepreneurship ecosystem and help its young people explore new and innovative ways to create better futures for themselves and their communities. This support is provided through networks, innovative financial instruments, as well as regulations and policies that eliminate barriers and integrate Egyptian entrepreneurs into regional and global markets.

This is in addition to the launching of nation-wide initiatives, such as “fekretak sherketak” that aims to identify promising entrepreneurs, and enable them to transform their business ideas into successful realities through the provision of training, mentoring, as well as funding. Moreover, Falak Startups was also established to enable and empower the next generation of Egyptian entrepreneurs through a 4-month acceleration program that provides them with comprehensive all-round support. This ensures they are equipped with the tools and resources needed to enhance their business models and hone their entrepreneurial skills, in order to thrive and compete in the global economy. To ensure Egypt’s young entrepreneurs are able to keep up with the pace of the changing global financial and technological landscape, EFG-EV was launched to offer tailored services to startups operating in the fintech sector. MIIC is also exerting efforts to position Egypt as a regional entrepreneurial hub, to tap into the continent’s vast potential and catalyze on Egypt’s leading regional role, and as such is planning to launch an Africa Entrepreneurship Program.

Benefits:

  • Travel and accommodation expenses for startups will be covered by IFC if needed.

Selection Process:

Companies will be selected based on the following criteria:

Stage of operation

The company must either be generating revenue with demonstrated early success, or have a working prototype or a product on the market.

Previous funding

Typically, the company would have already received one or two rounds of funding and is now seeking Series A or Series B funding in the coming year

Positive impact

The company must have the potential to make a substantial long-term impact on African business and society as well as a commitment to improving the region.

Viability

The company should have well-formulated goals and plans for development.

Leadership

The company must have visionary leadership with the capacity to drive it towards success.

Independent company

The company must not be a subsidiary or a joint venture.

For More Information:

Visit the Official Webpage of the IFC Next 100 African Startups Initiative

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Internships

World Bank Group IFC Recruitment Drive 2018 for Sub-Saharan African Professionals.

by OFA
written by OFA

Application Deadline: Varying by Position

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in developing economies around the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity.

As part of our commitment to creating a dynamic, creative and diverse working environment, we have launched a recruitment drive aimed to attract nationals of Sub-Saharan African and Caribbean countries. This initiative is for nationals with a current passport from a Caribbean or Sub-Saharan African country.

Eligibility Requirements

  • Open to nationals of Sub-Saharan African and Caribbean countries.
  • Nationals should hold a current passport from a Caribbean or Sub-Saharan African Country.

Application Procedure:

  • If this is your first visit to our new jobs site, create a profile to be able to apply for jobs and track the status of your application. We also encourage you to create a Job Alert to be notified when jobs matching your interests become available. Can’t find a specific opening that fits your skill set? Please Connect with us to register your interest in career opportunities at the World Bank Group.
  • Inquiries can be directed to the Talent Acquisition team at [email protected], applications will not be accepted through this email address.
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Internships

World Bank Group Analyst Program 2016 for Exceptionally Talented Young People

by OFA
written by OFA

Application Deadline: April 5th 2016

The World Bank Group Analyst Program is a new and unique opportunity for exceptionally talented young people with a passion for international development to contribute to solving some of the world’s most pressing problems.

Through this structured three-year program, you will work in an intellectually challenging and culturally diverse environment within a specific practice, region, or corporate unit in the World Bank Group, which includes the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) and International Center for Settlement of Investment Disputes.

You will have the opportunity to contribute and grow your skills in areas ranging from analytics, research, data management, project management, communications, finance, management accounting, and information technology. In addition, the program offers various cohort activities aimed to broaden your exposure to the work of the World Bank Group and develop leadership skills.

Eligibility Requirements

  • Citizenship of a member country of the World Bank Group
  • Passion to contribute to the World Bank Group mission to end extreme poverty and boost shared prosperity
  • 28 years of age or younger (i.e., born on or after January 1st, 1988)
  • Master’s or Bachelor’s degree in relevant field. Candidates who are currently pursuing a degree are eligible if the degree will be awarded by December 31, 2016
  • One to three years of work experience in one or more specialty areas (see Application and Selection Process )
  • Analytical thinking, proven academic success, strong written and oral communication skills, and leadership potential
  • Experience working or studying in developing countries is preferred
  • Fluency in English is required. Fluency or proficiency in other languages, in particular Arabic, Chinese, French, Portuguese, Spanish or Russian, is preferred.

In addition, successful candidates must demonstrate the World Bank Group Core Competencies (Read more about the selection criteria and cycle):

  • Deliver results for clients
  • Lead and innovate
  • Collaborate within teams and across boundaries
  • Create, apply and share knowledge
  • Make smart decisions

Upon completion of the program, there may be opportunities for you to continue your career in the World Bank Group. Participants holding a Master’s degree who find the opportunity to continue their career at the WBG may also be eligible for advancement opportunities. Alternatively, you may leverage the experience you have gained to pursue further studies or other opportunities in international development.

To be competitive for this highly selective program, you need to demonstrate a commitment to development, analytical thinking, proven academic success, and leadership potential. We value diversity in our workplace, and encourage all qualified individuals, with diverse professional, academic, and cultural backgrounds to apply. Positions may be based in Washington, DC or in a regional office.

Compensation & Benefits

Contract: a three-year local term contract is being offered.

Salary: WBG Analysts are offered a locally-competitive salary, based on their education and professional experience.

Health, Life, Accident and Other Insurance Programs: WBG Analyst and their families (including declared domestic partners) may choose from three comprehensive medical/dental benefit plans. The WBG also provides basic life and accident insurance to all staff at no cost, and staff can elect optional life and accident insurance plans. The WBG also provides disability and Workers’ Compensation coverage to staff at no cost.

Pension Plan: The WBG sponsors a comprehensive pension plan for eligible staff. Upon separation from the WBG, either a lump sum or a pension will become payable to the staff based on eligibility.

Relocation Benefits on Appointment: For WBG Analysts relocating to a new country, a cash allowance at the discretion of their hiring unit may be granted.

Tax Allowance: U.S. staff receive an additional quarterly payment to cover the U.S., state and local income tax liabilities on their World Bank Group income. Expatriates and U.S. permanent residents do not incur U.S. income tax liability and are thus not eligible for this benefit.

Financial Assistance: The World Bank Group offers financial assistance programs, including a two-year interest-free settling-in loan to those who relocate upon appointment.

Timeline

– March 16-April 5, 2016: Application Process

– April 2016:

  • Review of applications against eligibility criteria.
  • Status update to all candidates.

– April 13-20, 2016: Online logical reasoning and behavioral assessment for candidates meeting the eligibility criteria (one week to complete, no extension possible).

– By April 30, 2016: Update to candidates on assessment results (passed or not passed, thus further considered or not).

– May through December 31, 2016:

  • Depending on business needs in recruitment streams, candidates are contacted for interviews/further testing.
  • Candidates who are not selected by a particular business unit can be considered by another business unit in the same recruitment stream.
  • Decisions and offers communicated.
  • Status updates to all candidates.
  • Starting date on the job.

– February 2017: New WBG AP cohort starts development curriculum.

For More Information:

Visit the Official Webpage of the World Bank Group Analyst Program 2016

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International Finance Corporation Young Professional Programme 2016

by lanredahunsi
written by lanredahunsi

Application Deadline: October 5th, 2015.

The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries.

IFC’s Young Professionals Program offers a unique opportunity to launch a global career as an investment professional helping to build the private sector in developing countries.

Participants join as Associate Investment Officers or Investment Officers, depending on level of experience – responsible for identifying, structuring, closing and monitoring IFC’s loans and investments – and build their expertise through assignments in different countries, close to IFCs’ clients. IFC’s approach is to combine rigorous analysis, innovative deal structuring and a focus on financial sustainability and positive development impact.

International Finance Corporation is looking for current students or recent graduates of MBA or Master’s degree programs with strong financial skills, professional achievement, leadership potential and a demonstrated commitment to development.

Eligibility

IFC is looking to recruit two levels of investment officers through the Young Professionals Program:

  • Associate Investment Officer – 3 to 6 years of prior relevant work experience (investment banking, project finance, private equity, corporate finance, portfolio management, or financial consulting); and
  • Investment Officer – 5 to 8 of prior relevant work experience.

Other requirements

  • Current students or recent graduates of MBA or similar
  • Experience in international finance, demonstrated leadership and passion for sustainable private sector development
  • Strong analytical and credit assessment skills, as well as solid understanding of accounting and financial statement analysis
  • Knowledge of relevant industry sector trends
  • Sound business judgment and problem solving, negotiation and commercial skills
  • Ability to develop new business and effectively focus on client needs
  • Enthusiasm for working in multi-cultural teams and across borders, preferably with experience working in developing countries
  • Excellent verbal and written communication skills in English; fluency in other languages (Arabic, Chinese, French, Portuguese, Spanish or Russian) preferred
  • Willingness to travel extensively and geographic flexibility

Application and Selection Process

  • Application Deadline: October 5th, 2015.
  • First Round interviews are expected to take place in October and November, and Final Round Interviews in early December.
  • Job offers to successful applicants will be extended in December/January 2015/16, and participants will join IFC in September 2016.

Apply Now for the International Finance Corporation Young Professional Programme 2016 

For More Information:

Visit the Official Webpage of the International Finance Corporation Young Professional Programme 2016 

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Internships

2015 World Bank Group Analyst Program for Exceptionally Talented Young People

by lanredahunsi
written by lanredahunsi

Application Deadline: March 5, 2015 (11:59pm ET – Washington DC time) in five specialty areas:

Opportunity for talented and diverse young people to contribute and grow their skills as they launch a career in international development.

The World Bank Group Analyst Program is a new and unique opportunity for exceptionally talented young people with a passion for international development to contribute to solving some of the world’s most pressing problems.

Through this structured three-year program, you will work in an intellectually challenging and culturally diverse environment within a specific practice, region, or corporate unit in the World Bank Group, which includes the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).

Eligibility Requirements

  • Passion to contribute to the World Bank Group mission to end extreme poverty and boost shared prosperity
  • 28 years of age and under as of September 14, 2015
  • Master’s or Bachelor’s degree in relevant field. Candidates who are currently pursuing a degree are eligible if the degree will be awarded by September 2015
  • Up to three years of work experience in one or more specialty areas (see Application and Selection Process )
  • Analytical thinking, proven academic success, strong written and oral communication skills, and leadership potential
  • Experience working or studying in developing countries is preferred
  • Fluency in English is required, and fluency or proficiency in other languages, in particular Arabic, Chinese, French, Portuguese, Spanish or Russian, is preferred

In addition, successful candidates must demonstrate the World Bank Group Core Competencies:

  • Deliver results for clients
  • Lead and innovate
  • Collaborate within teams and across boundaries
  • Create, apply and share knowledge
  • Make smart decisions

Description

  • You will have the opportunity to contribute and grow your skills in areas ranging from analytics, research, data management, project management, communications, finance, and information technology.
  • In addition, the program offers various cohort activities aimed to broaden your exposure to the work of the World Bank Group and develop leadership skills.
  • Upon completion of the program, there may be opportunities for you to continue your career in the World Bank Group.
  • Participants holding a Master’s degree who find the opportunity to continue their career at the WBG may also be eligible for advancement opportunities.
  • Alternatively, you may leverage the experience you have gained to pursue further studies or other opportunities in international development.

How to Apply:

There are five speciality areas you can apply for:

OPERATIONS
FINANCE

INFORMATION TECHNOLOGY

HUMAN RESOURCES
COMMUNICATIONS AND INTERNATIONAL AFFAIRS

Review How to Apply Here

Selection

  • A select number of candidates will be contacted by end-March to submit additional information for consideration by the selection committee.
  • Other candidates will receive an email to inform them that they have not been selected. Interviews will take place in April/May and offers will be made in June.
  • Selected candidates will enter the World Bank Group as a cohort in September of each year.

For More Information:

 Visit the Official Webpage of the World Bank Group Analyst Program

 

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