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Mastercard Foundation

Accelerating Education & Job Creation for 70,000 Young Africans

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. Find out more

Find out more about Mastercard Foundation in Africa.

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.

Mastercard Foundation's 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.

The "Accelerate Education & Job Creation" 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.

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.

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