MNA Fellow

About this role

IFC, the private-sector arm of the World Bank Group, is recruiting two MNA Fellows to join its Manufacturing and Services teams for Eastern and Southern Africa. The fellows will be based in two of the group's main subregional hubs, namely Nairobi, Dar es Salaam or Johannesburg, and will gain hands-on exposure to the full private-sector investment cycle. The position sits within teams that originate, structure and supervise investments across manufacturing and related value chains, tourism, retail, property, health and education, working alongside clients, investors, financial institutions, governments and World Bank Group colleagues. The day-to-day work spans business development, market and sector research, client engagement and the identification of prospective investments.

Fellows will evaluate business models, competitive positioning, financial performance, credit quality, risks, IFC additionality and expected development impact. They will build, review and quality-check financial models covering historical analysis, projections, valuation, debt capacity and sensitivity or scenario analysis. They will also participate in project appraisal and due diligence, coordinate inputs from environmental and social, legal, technical, integrity, insurance and corporate governance specialists, and help identify risk mitigants. Additional responsibilities include supporting debt, equity, mezzanine and mobilisation solutions, contributing to term sheets and internal approval documents, and assisting with portfolio supervision, covenant and compliance review, development-impact tracking and early risk identification.

The source does not set out a separate required qualifications list, but the duties call for strong analytical, financial modelling, research, negotiation and client engagement capabilities, plus the ability to manage competing priorities and deadlines. Preferred qualifications are not separately stated. The contract is full time, and the fellows will work in multidisciplinary teams, may support transactions across countries and subsectors, and will participate in missions and client meetings as required. Compensation and benefits are not mentioned.

Applications close on 2026-11-04.