ECOWAS Bank for Investment and Development (EBID) 2024/2025 Graduate Program for Africans

The ECOWAS Bank for Investment and Development (EBID) is a financial institution serving the 15 member states of the Economic Community of West African States (ECOWAS).

ECOWAS Bank for Investment and Development (EBID) 2024/2025 Graduate Program for Africans
ECOWAS Bank for Investment and Development (EBID) 2024/2025 Graduate Program for Africans

These member states include Benin, Burkina Faso, Cape Verde, Ivory Coast, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.

EBID is based in Lomé, Togolese Republic. Its mission is to create conditions that support a strong and prosperous West Africa, both locally and globally, taking advantage of opportunities from globalization.

Type of Award: Internship

Program Overview of ECOWAS Bank for Investment and Development

The young graduate recruitment program is designed for high-level graduates under the age of thirty (30) at the time of recruitment. Successful candidates will join the Bank as young executives in training under a two-year fixed-term contract (CDD). There will be a six-month trial period where either party can end the contract without notice. If they perform well during the fixed-term contract, their appointment will transition to a permanent contract.

During the fixed-term contract, participants will rotate through different departments to understand their functions and become part of a team where they can contribute effectively. They will also work closely with senior managers and learn about the Bank’s policies, development programs, and various departments.

Deadline of ECOWAS Bank for Investment and Development

Application Deadline:  May 31, 2024.

Benefits of the ECOWAS Bank for Investment and Development

  • Interns at EBID are assigned to departments based on specific needs rather than filling vacant positions, as per program regulations. While they are not recruited to fill specific roles, they are considered civil servants of the bank during their appointment and receive benefits according to grade P1-1 of the Bank’s classification and remuneration scale.
  • Interns also receive various allowances in addition to their salary, including position adjustment, housing and transport allowances, and family allowances if applicable. They are affiliated with the Bank’s retirement fund and benefit from group insurance coverage during their appointment, which includes coverage for risks such as death, permanent disability, temporary incapacity for work, illness, and accidents.

Types of Grants Offered by ECOWAS Bank for Investment and Development (EBID) are:

  • Finance
  • Economics
  • Development Studies
  • Other related fields

Eligibility Criteria of ECOWAS Bank for Investment and Development

Candidates who are nationals of ECOWAS member countries can apply for this program if they meet the following criteria:

  • Age 30 or younger at the time of recruitment.
  • Hold a higher education diploma equivalent to bac +5 (MASTER, DESS) or in a field related to the Bank’s operations such as private sector operations, public sector operations, infrastructure, risk management, asset/liability management, finance, auditing, legal advice, communications and marketing, language services, or any other relevant field.
  • Ability to work in a multicultural team and handle pressure.
  • Strong analytical and organizational skills with the ability to prioritize tasks.
  • Proficient in research techniques for relevant information (banking analyses, statistics, competitive trends monitoring, etc.) using electronic and other recognized media.
  • Proficient in office tools like Excel, Word, Access, and PowerPoint.
  • Excellent communication skills in French and/or English and/or Portuguese, and good knowledge of one of the other two languages.

Application Process of ECOWAS Bank for Investment and Development

If you meet the eligibility criteria mentioned above, you can apply by sending the following documents to the Bank:

  1. Detailed curriculum vitae.
  2. Copies of your diplomas.
  3. Copy of your identity card or passport.
  4. Copy of your birth certificate.
  5. A cover letter explaining why you want to participate in the program, your technical interests and experiences, and your career goals.
  • Please email your application file with the subject line “Young Professionals Recruitment Program – 2025” to recrutbidc@bidc-ebid.org by May 31, 2024.
  • Note: Only pre-selected candidates will be contacted for an interview. EBID reserves the right to withdraw announced positions or offer a position at a lower grade.

How Applicants Are Selected

Candidates who pass the initial screening will be invited to participate in written and oral tests at the Bank’s headquarters in Lomé. The tests and interviews will assess various aspects including:

  1. Technical knowledge.
  2. Candidates’ potential.
  3. Personality traits and motivation level.
  4. Proficiency in using computer tools.
  5. Language skills in at least two (2) of the Bank’s three (3) working languages.

Tips for a Successful Application to ECOWAS Bank for Investment and Development

Here are some tips to enhance your application:

  • Customize your CV and cover letter to emphasize relevant skills and experiences.
  • Clearly explain your motivation for applying and how you align with the program’s objectives.
  • Show evidence of your commitment to development issues and your ability to work well in a team.
  • Review all documents carefully to ensure accuracy and completeness before submitting your application.

Conclusion: The ECOWAS Bank for Investment and Development (EBID) 2024/2025 Graduate Program for Africans provides a distinctive chance for aspiring professionals to contribute to regional development while gaining valuable experience and skills. This program offers participants a rewarding path for personal and professional growth, promoting economic progress and prosperity within the ECOWAS region. By following the application process diligently and showing dedication, candidates can pave the way for a promising future in finance and development.

Frequently Asked Questions

Is there an age limit for applicants?

There is no specific age limit for applicants; however, the program is geared towards recent graduates and young professionals.

How can I apply for the program?

Interested candidates can apply through the official EBID website by completing the online application form and submitting the necessary documents.

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