Prime Business Africa
New York, USA, 13th September 2024 -/African Media Agency(AMA)/- 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.
Join our WhatsApp ChannelThe 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 program includes bursaries for participants starting new businesses or innovating within existing businesses. The expanded partnership will increase the number of post-secondary school programs 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. 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.
Reflecting on this continued partnership, Angeline Murimirwa, CEO, CAMFED, 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 Program. 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.
For additional information on this story or an interview with a Mastercard Foundation spokesperson, please contact: zvg@wimbart.com
Distributed by African Media Agency (AMA) on behalf of the Mastercard Foundation.
About the Mastercard Foundation
The Mastercard Foundation is a registered Canadian charity and one of the largest foundations in the world. It works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work. Established in 2006 through the generosity of Mastercard when it became a public company, the Foundation is an independent organization separate from the company, with offices in Toronto, Kigali, Accra, Nairobi, Kampala, Lagos, Dakar, and Addis Ababa. Its policies, operations, and program decisions are determined by the Foundation’s Board of Directors and leadership. For more information on the Foundation, please visit www.mastercardfdn.org
About CAMFED
CAMFED is a pan-African movement, revolutionizing how girls’ education is delivered. Through a gold-standard system of accountability to the young people and communities we serve, we have created a model that radically improves girls’ prospects of becoming independent, influential women. Our impact increases exponentially through the Association of young women educated with CAMFED’s support. Together, we multiply the number of girls in school, and accelerate their transition to secure livelihoods and leadership. Visit camfed.org or contact comms@camfed.org.
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Source : African Media Agency (AMA)
