Africa50 is an infrastructure investor and asset manager that contributes to Africa's growth by developing and investing in bankable projects, catalysing public sector capital, and mobilizing private sector funding. Africa50 has raised over US$1 billion so far from 33 African countries, the African Development Bank, two African Central Banks and Africa's largest pension fund. Africa50 has an independent investment process and seeks to generate commercial risk adjusted returns for its investments across key infrastructure sectors.

The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) is a new pan-African Infrastructure Fund established with a vision to positively contribute to economic growth and development of the African continent, and a goal of investing profitably, responsibly, and sustainably in infrastructure projects and services. The Fund is sponsored by Africa50, anchored by African institutional investors, and is targeting like-minded Investors whose interests and investments in Africa are aligned. The Fund is independently managed by an experienced Investment Team, with an Investment Committee deeply rooted in Africa and with strong expertise on the continent.

The Fund is intended to be a 12-year closed-ended fund targeting US$400 million of capital commitments to be raised over multiple closings, and investing in target sectors including power, transportation, ICT, midstream gas, healthcare infrastructure, and education.

Objective of the Internship

This internship allows you to be a part of the growth story of a dynamic and growing pan-African organization, within the Africa50 Infrastructure Acceleration Fund. You will learn the fundamentals of infrastructure project finance and improve your financial modelling skills, within an entrepreneurial environment. Interns are fully integrated in the team and have the opportunity to participate in all aspects of projects.

Main Responsibilities

The Private Equity Intern will support the Investment Team and gain first-hand experience in African infrastructure investment. The main tasks will include:

• Industry and company research
• Financial modelling and analysis
• Transaction and due diligence support
• Portfolio company monitoring
• Preparation of presentation materials and investment memos

Candidate Profile

Required background

The IAF team is seeking undergraduate and graduate candidates:

Fluent in English (French is a plus)

Relevant internship experience in the financial sector (M&A, investment banking, private equity, financial advisory, transaction services, or strategic consulting)

Essential Qualities

• Positive attitude
• High integrity
• Strong work ethic - this role will regularly require late nights/weekends/travel
• High initiative
• Clarity of thought and action

Knowledge, skills and experience

• Interest in IAF's mission, strategy and values
• Demonstrated interest or experience in emerging markets, and specifically Africa
• Strong financial modelling and company valuation
• Strong analytical skills
• An excellent command of office tools (Excel, PowerPoint, Word)
• Excellent written and verbal communication skills (in English, French a plus)
• Strong inter-personal skills, ability to interact effectively with partners and colleagues
• Culturally sensitive, able to relate to people of diverse backgrounds

Duration and Location

• 6-month internship offered from September 2026 to February 2027
• Position based in Casablanca, Morocco with flexible working arrangements and possible travel within Sub-Saharan Africa

Application

If you are interested in this position, Click here to apply.

At Africa50, we believe inclusive teams drive stronger and more sustainable impact. We are committed to equal opportunity and fair recruitment practices, and we welcome applications from individuals of all backgrounds. We strive to create a respectful, diverse, and inclusive workplace where everyone can contribute and grow.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.