• The Mastercard Foundation Set To Improve Education, Job Creation For Over 70,000 Young Africans – Independent Newspaper Nigeria

    The mastercard foundation set to improve education job creation for over 70000 young africans independent newspaper nigeria - nigeria newspapers online
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    The Mastercard Foundation is ex­panding its long-standing part­nerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Education­alists (FAWE) to support over 70,400 young women and girls facing the most significant financial and social barriers to education and building a livelihood.

    These initiatives are expected to benefit 3.3 million young women and men.

    The Mastercard Foundation will support young women in their pathways through ed­ucation, entrepreneurship or entering the world of work with an additional $360 mil­lion investment over the next seven years.

    The investment to CAMFED over the next six years will support the transition of 62,000 girls in Tanzania, Zambia, Zim­babwe, Ghana, and Malawi into secondary and tertiary education, employment, and entrepreneurship while partnering to im­prove education systems for millions of young people.

    The extended seven-year FAWE and Mas­tercard Foundation partnership will bolster access to tertiary education, post-secondary technical vocational and educational train­ing (TVET), and job opportunities for over 10,500 young people, primarily in Uganda, Rwanda, Zambia, Ethiopia, Malawi, Ghana, Liberia, Tanzania, Zimbabwe, and Senegal.

    The programme includes bursaries for participants starting new businesses or in­novating within existing businesses.

    The expanded partnership will increase the number of post-secondary school pro­grammes supported by FAWE to over 500 accredited tertiary institutions in Africa, benefiting an estimated 1.2 million young women.

    “We’re incredibly proud to deepen our collaboration with CAMFED and FAWE, building on years of shared commitment to supporting girls across Africa to complete their education and gain the skills they need to become transformative changemakers within their communities,” said Tina Muparadzi, Executive Director of Educa­tion & Transitions at the Mastercard Foun­dation.

    “Currently contributing just 11 percent of Africa’s GDP, the continent’s young wom­en have huge potential to drive its economic transition.

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    “We believe this partnership will be pivotal in establishing the inclusive and equitable environment required to fully unlock this opportunity, enabling the most vulnerable and underserved girls in society to thrive.”

    This partnership expands more than a decade of collaboration between the Master­card Foundation and CAMFED, which have worked together to improve access to sec­ondary and higher education for over 35,000 young women facing the highest financial and social barriers. It has also created op­portunities for a further 35,000 young wom­en to access dignified and fulfilling work.

    Angeline Murimirwa, CEO, CAMFED, while reflecting on this continued partner­ship, said, “CAMFED is thrilled to embark on the next phase of our long-standing col­laboration with the Mastercard Foundation.

    “This investment supercharges our am­bitious vision for 2030 as we support mil­lions more girls in rural Africa to thrive in secondary school, graduate into secure livelihoods and leadership, and in turn, mentor and support the next generation, multiplying partner investment. With the commitment of every member of our global movement, we can transform education sys­tems and economies across Africa, driving progress towards the Sustainable Develop­ment Goals.”

    The Foundation launched its partnership with FAWE in 2013 as part of the Master­card Foundation Scholars Programme.

    The partnership was established to pro­vide 1,200 secondary education scholarships for girls in Rwanda and 600 girls in Ethiopia. Since then, over 70 percent of the Master­card Foundation Scholars have transitioned into tertiary education, and 300 enterprises have been established through the Master­card Foundation Scholars Entrepreneur­ship Fund.

    Martha Muhwezi, Executive Director of FAWE Africa, underscored the importance of continuing this work: “This collabora­tion reaffirms FAWE’s shared vision with the Foundation’s Young African Works strategy and the Africa Union strategy for employment of the youth.

    “We are particularly thrilled to see this program expand from three countries to 10, a clear testament of its impact and poten­tial. We are confident, with support from partners such as the Foundation, we will scale to reach all our 34 chapters across Africa. Education, skills development, and leadership will remain our priority to pre­pare the current generation to lead, inno­vate, and drive positive change across the continent.”

    These partnerships with CAMFED and FAWE will significantly accelerate the Mas­tercard Foundation’s Young Africa Works strategy, which aims to enable 30 million young Africans, especially girls, to access dignified and fulfilling work by 2030.

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