Investment Analyst Intern, PI Fund

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Location:
Casablanca, Morocco Description Africa50 is a specialist investor in African infrastructure, developing, de-risking and delivering projects to unlock growth across the continent. Africa50 has raised over US$1 billion so far from 34 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: Energy (including power generation and related parts of the value chain), Midstream gas, Transportation, ICT, Health infrastructure, Education and Fintech. The Principal Investments Fund invests minority stake equity and quasi-equity in infrastructure and infrastructure-related businesses across Africa, seeking commercial returns while supporting economic growth and development. Purpose of the Role Africa50 is seeking a motivated and analytical intern to join its Principal Investment team in Casablanca. Fully integrated into the investment team, the intern will gain practical exposure across the investment cycle—from screening opportunities and evaluating investments to transaction execution and portfolio monitoring. The internship offers an opportunity to develop financial modelling, valuation and investment analysis skills within an entrepreneurial, pan-African investment platform. Principal Responsibilities The intern will support the investment team in:
• Screening investment opportunities and assessing their strategic fit.
• Conducting industry, market and company research, including analysis of competitive dynamics and growth opportunities.
• Building and reviewing financial models, performing valuation analyses and testing key assumptions.
• Preparing investment memoranda, presentations and other materials for internal decision-making.
• Supporting due diligence and transaction execution, including coordinating and reviewing information from companies and advisers.
• Monitoring portfolio companies’ financial and operational performance.
• Assessing investment risks and mitigants, ESG considerations and value-creation opportunities. Candidate Profile We are looking for an undergraduate or graduate student from a leading university, with:
• Previous internship experience in M&A, investment banking, private equity, project finance, transaction services or a closely related field.
• Strong analytical skills and a solid understanding of financial statements, corporate finance and company valuation.
• Financial modelling skills and proficiency in Excel and PowerPoint.
• A demonstrated interest in private equity, infrastructure investment and African markets.
• Excellent written and verbal communication skills in English; French is an advantage. Personal Qualities
• High integrity, rigour and attention to detail.
• Initiative, intellectual curiosity and sound judgement.
• Ability to structure analysis and communicate conclusions clearly.
• Strong work ethic and ability to manage competing priorities.
• A collaborative approach and ability to work effectively with colleagues and partners from diverse backgrounds. Language Requirements Excellent written and verbal communication skills in English and French. Duration And Location
• 6-month internship offered from January 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.