New Investments
Mastercard Foundation Pledges $360 Million for African Girls' Education
This renewed collaboration aims to break down financial and social barriers to education, impacting over 70,400 young women and girls directly and benefiting 3.3 million young people across the continent.
Over the next seven years, the Mastercard Foundation will invest an additional $360 million to help young women transition through education, entrepreneurship, and employment.
This move is part of the Foundation’s broader commitment to building inclusive education systems and enabling Africa’s youth, particularly girls, to thrive.
The partnership with CAMFED focuses on transforming the educational and economic landscape for girls in Tanzania, Zambia, Zimbabwe, Ghana, and Malawi.
Over the next six years, this investment will support 62,000 girls as they move through secondary and tertiary education, and into employment and entrepreneurship opportunities.
In addition to directly supporting the educational journey of these young women, CAMFED will work closely with local communities and governments to improve education systems for millions of students.
The long-standing collaboration between the Mastercard Foundation and CAMFED has already resulted in access to secondary and higher education for over 35,000 young women facing the highest financial and social barriers.
This latest expansion aims to build on that legacy and accelerate progress toward achieving the Sustainable Development Goals in Africa.
The Mastercard Foundation is also extending its seven-year partnership with FAWE to increase access to tertiary education, technical vocational and educational training (TVET), and job opportunities for over 10,500 young people across Uganda, Rwanda, Zambia, Ethiopia, Malawi, Ghana, Liberia, Tanzania, Zimbabwe, and Senegal.
This program includes bursaries for participants who are starting new businesses or innovating within existing ones.
With this expansion, FAWE will increase the number of post-secondary programs it supports to over 500 accredited tertiary institutions in Africa.
This initiative will benefit an estimated 1.2 million young women, providing them with the skills and opportunities needed to contribute to their communities and economies.
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