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Switches financial institute for second time for worker in Africa (7)

Ross

I believe the answer is:

namibia

I'm a little stuck... Click here to teach me more about this clue!

'in africa' is the definition.
('Namibia' is part of 'africa')

'switches financial institute for second time for worker' is the wordplay.
I cannot really understand how this works, but
'institute' could be 'i' (common abbreviation as in MIT) and 'i' is present in the answer.
'second' could be 'b' (B can mean second eg B-side) and 'b' is located in the answer.
'time' could be 'am' and 'am' is present in the answer.
The remaining letters 'nia' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for namibia that I've seen before include "African country, capital Windhoek" , "SW African state" , "African country - I am a bin (anag)" , "SW African country" , "African republuc" .)

I've seen this clue in The Irish Times.
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