Reports to: Elizabeth Howard, Founding Director & Regulations Lead
Type of contract: 6-month internship, renewable for 6 months.
Start date: September / October 2018
Location: Cape Town or Nairobi (remote work possible; travel required)
Compensation: ZAR12,000 – ZAR15,500 (gross) per month
Send CV, motivation letter and transcript of grades to: firstname.lastname@example.org
Headquartered in Cape Town, the African Crowdfunding Association (ACfA) is a private sector-led
non-profit organisation that represents the crowdfunding industry across the African continent.
ACfA’s members are digital intermediaries (web, mobile, blockchain…) that facilitate fundraisers
(donations, rewards, assets, debt, equity…) by individuals and businesses. When it comes to
platforms which operate in a regulated space, notably securities-based fundraising for start-ups and
SMEs, ACfA plays an important role in shaping the regulatory framework. To this end, ACfA is funded
by DfiD to develop a recognised accreditation framework for platforms which seek to start
operations but whose home countries do not yet have an appropriate regulatory framework. It is
this project for which ACfA is seeking an Assistant Legal Researcher.
About the role
This is a very exciting internship for a Masters graduate in Law/Economics/Finance from a top
university. The intern will assist ACfA’s Regulations Lead in designing ACfA’s accreditation framework
for securities-based crowdfunding platforms across Africa.
The intern’s responsibilities include:
Researching and compiling data on securities law and company law in African jurisdictions,
Engaging African regulators directly, as well as local law firms, financial service providers,
technology providers, payment system providers, securities issuers and investors (retail and
Surveying the crowdfunding landscape: informal investment groups, mobile-based
fundraisers, informal and formal angel investor networks, blockchain-based fundraising,
peer-to-peer lending groups, etc,
Conducting regulatory and legal “gap analysis” studies to gauge digital finance readiness of
Writing occasional blog posts about the accreditation framework,
Assisting the drafting of the final accreditation framework.
Master’s degree in Law/Economics/Finance (foundational courses in law required),
Knowledge of securities law in common/ civil law jurisdictions is strongly preferred,
Passionate about digital finance, financial inclusion and capital markets in Africa,
Excellent organisational skills, self-disciplined and able to work to deadlines in an
unstructured, start-up work environment,
Fluency in English and French (written and spoken),
Willingness and ability to learn new skills and understand new fields (payment systems,
blockchain, financial technology regulations…),
Personality: mature, culturally sensitive, articulate, unafraid of long working hours, travel
and public speaking.
Ideal internship for someone looking to build a career in fintech regulations in African digital
financial markets, and develop their pan-African legal/regulatory network.