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The Mastercard Foundation helps young people in Africa and Indigenous communities in Canada gain access to education and financial inclusion through scholarships, mentorship, and seed funding. Its programs include the Mastercard Foundation Scholars Program, which provides scholarships and mentorship, and the Social Venture Challenge, which offers seed funding and a global network to young entrepreneurs. It works by partnering with the private sector, donors, and civil society to build supportive systems, policies, and environments rather than just giving grants. Its goal is to create a world where young people are included, thriving, and driving transformative change in their communities.
Industries
Social Impact
Financial Services
Education
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
2006
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Six Ugandan startups have won refundable grants of up to $40,000 each through the 10X Digital Startup Accelerator Challenge, implemented by Outbox Uganda in partnership with UNCDF and supported by Mastercard Foundation. The recipients include Everpesa Technologies, Everlend Agritech, Go Use Tech, Smartfric, Grouppay and Greenlife Africa. Selected from 78 applicants, the startups will receive six months of technical assistance, mentorship and connections to mobile network operators and financial institutions. The initiative targets solutions helping Ugandan micro, small and medium enterprises thrive in the digital economy across sectors including agriculture, healthcare and trade. Standout innovations include Greenlife Africa's smartphone financing for rural women and Smartfric's offline bookkeeping platform. The programme aims to reach 61,000 young women during its three-year pilot phase.
FAWE Ghana joins Mastercard Foundation Community Week 2024 Celebration, reaffirms power of partnerships in transforming young lives. ACCRA, Ghana - From 11 to 15 May, FAWE Ghana proudly joined the Mastercard Foundation in Ghana and other strategic partners at the 2026 Community Week Celebration, held at the Marriott Hotel in Airport City, Accra. The week-long event, convened under the theme *"Creating Impact Together,"* brought together a diverse array of stakeholders to celebrate collective achievements and to reaffirm the transformative power of collaboration in shaping the lives of young people across Africa. Representing FAWE Ghana, Ms. Dora Mochiah, Programs Officer, participated in a series of insightful engagements that highlighted how intentional, partnership-driven programming can yield sustainable and scalable impact. Throughout the celebrations, Ms. Mochiah engaged with fellow partners, young leaders, and Foundation representatives to exchange lessons learned and explore new avenues for deepening collaboration around girls' education, skills development, and youth empowerment. The event featured powerful remarks from Mastercard Foundation President and CEO, Ms. Sewit Ahderom, whose vision for youth-centred, partnership-led development resonated throughout the gathering. Equally compelling was the call to action issued by Mr. Paul Kasanga, Interim Country Director for the Mastercard Foundation in Ghana, who urged that young people must be engaged not merely as beneficiaries but as active partners and co-creators of change. From these addresses, one message stood out clearly: sustainable impact thrives on strong partnerships, shared purpose, and collective action. The Community Week Celebration provided a valuable platform for reflection, learning, and renewed commitment towards advancing opportunities for young people and communities across the continent. For FAWE Ghana, the week served as both an opportunity to showcase the organization's contributions under the FAWE/Mastercard Foundation Phase II Programme and to draw inspiration from the work of other partners dedicated to Africa's transformation. The engagements further strengthened FAWE Ghana's resolve to continue advocating for gender-transformative education and to ensure that the voices of young women and girls remain central to all partnership discussions. As the week concluded, FAWE Ghana left Accra with deepened relationships, fresh insights, and a reinvigorated commitment to creating impact together - because when partners unite around a shared vision for Africa's young people, the results are not only measurable but truly transformative. Facebook Twitter Youtube
Cameroonian entrepreneur Fongwa Vanessa Ngwi has secured $5,000 in startup funding from the Scholars Enterprise Fund under the Mastercard Foundation Scholars Program at the University of Edinburgh, positioning her circular fashion startup Papylon at the centre of Africa’s fast-emerging sustainable textile economy. The award highlights a growing wave of African entrepreneurs attempting to solve one
Students receive laptops in push to bridge digital divide. Students enrolled in technical and vocational training programmes have received nearly 200 laptops under a scheme aimed at boosting digital skills and widening access to education. The initiative, led by the Forum for African Women Educationalists Zimbabwe (FAWEZI) in partnership with the government and the Mastercard Foundation saw 192 beneficiaries of the Technical and Vocational Education and Training (TVET) bursary programme equipped with the devices. The handover ceremony, organised alongside the Ministry of Higher and Tertiary Education, Innovation, Science and Technology Development, also marked a delayed commemoration of International Girls in ICT Day 2026. The event was held under the theme "AI for Development: Girls Shaping the Digital Future". Officials say the programme is part of broader efforts to make education more inclusive and technology-driven, particularly for disadvantaged young people. It also seeks to encourage greater participation by girls and young women in science and technology fields. Permanent Secretary in the ministry, Professor Fanuel Tagwira described the initiative as a practical step towards improving access to modern education. "This is more than a ceremonial event. It demonstrates a shared commitment to expanding access to quality, inclusive and technology-enabled education, especially for those from marginalised backgrounds." he said He added that digital devices were now essential tools in learning. "In this era driven by artificial intelligence and rapid technological advancement, access to laptops is no longer a luxury but a necessity. These devices are gateways to knowledge, innovation and opportunity." Professor Tagwira also highlighted the gender gap in science and technology, noting that women make up only about a third of students in such fields at university level. FAWEZI executive committee chairperson, Professor Ruth Gora said the laptops represented more than just equipment. "They symbolise opportunity, connectivity and empowerment," she said. "They will support academic journeys and enhance digital skills." Deputy Minister of Public Service, Labour and Social Welfare Mercy Dinha said the programme showed how partnerships could help tackle inequality. "By prioritising marginalised young women and men, this initiative is addressing barriers that have historically limited access to tertiary education," she said. Education officials say the devices will support research, improve learning experiences and enable access to online resources, while helping students develop essential digital skills. Beneficiaries are also being trained in the proper use and care of the laptops to ensure their long-term impact. The programme forms part of the "Second Chance Pathways" initiative, which aims to expand opportunities for disadvantaged young people and support Zimbabwe's goal of inclusive development.
Bringing clean energy opportunities to Women and Youth in Nigerian agriculture. The first major convening of the Energizing Women and Youth in Agri-food Systems examined how Nigerian clean energy enterprises can stabilize livelihoods, empower women and youth, and reshape agricultural value chains. April 9, 2026 On the drive toward Zuma Rock, just on the outskirts of Abuja, Nigeria, the energy challenge facing the country's agri-food sector was impossible to ignore. Tomatoes rested in shallow baskets under the midday sun. Crates of pepper and leafy vegetables sat exposed to heat and dust. Farmers shaded their faces with folded cardboard, watching the sky and the clock, hoping their produce would sell before it spoiled. The Energizing Women and Youth in Agri-food Systems (EWAS) program was designed specifically to address this challenge by linking clean energy solutions with income-generating agricultural activities. For many of these farmers, particularly women and young agripreneurs, the difference between profit and loss often comes down to one thing: power. Women and youth under 35 account for over 60% of Nigeria's agricultural workforce, yet unreliable electricity constrains their productivity, narrows income margins, and increases vulnerability to loss. The tomato farmer selling at the market without access to cold storage can lose up to 40% of her tomatoes by the end of the day. With reliable cold storage, that same harvest can be preserved, waste reduced, and income stabilized. This is the promise of productive use of energy (PUE): using electricity to power cold storage, solar irrigation, milling, drying, and food processing. Across Nigeria's agri-food value chain, from production and processing to storage, transport and marketing, reliable energy transforms labor into opportunity, enabling women and youth to work more efficiently and profitably. Observing these market goods raised simple but urgent questions. How many women farmers have access to reliable cold storage? How many absorb daily losses because electricity, something so fundamental, remains out of reach? Turning access into opportunity for women's economic participation. The EWAS Program is led by Global Energy Alliance for People and Planet in partnership with the Mastercard Foundation. It is partly implemented by RMI to expand access to solar-powered productive-use technologies while advancing women's economic empowerment in agriculture. One of the first major milestones of the program was convening Nigerian productive-use enterprises, delivery partners, and technical experts for an intensive, hands-on workshop to refine inclusive business models that expand women's and youth's access to solar-powered equipment in agri-food systems. Through peer learning, real-time coaching, and structured working sessions, partners leave with stronger, investment-ready concepts and clear next steps to create dignified jobs and scale impact. In her opening remarks at this workshop, Ije Ikoku Okeke, managing director of RMI's Global South Program, emphasized that Nigeria is at a pivotal moment, with solar solutions becoming more widely available and partner interest growing. This presents the opportunity to build momentum deliberately and ensure women are strategically included in that growth. "We want to see models that work, make the right choices, and incorporate women in a meaningful way in the work that we do," she said. "EWAS's role is not to tell you what to do, but to help you think about what you are building, ensuring it is inclusive and sustainable." The boot camp brought together local PUE companies, including Coldbox Store, Koolboks, and SunFi, to examine how their existing PUE solutions, from cold storage to financing mechanisms, could become more accessible to women and youth entrepreneurs operating at the grassroots level. RMI's program director for Nigeria, Suleiman Babamanu, reinforced the boot camp's objective of creating structure, providing technical support, and strengthening implementation pathways so that enterprises leave with actionable, investment-ready concepts. "By the end of this convening, partners should have clearer roadmaps for delivering measurable impact," he said. Designing for real markets, within real-world constraints. From the opening "Who's Who" session, it was evident that the room reflected the realities of Nigeria's clean energy and agriculture ecosystem. Participants shared not only business models but also lived experiences from the communities they serve. "During the hot season, when food spoilage increases, the demand for cold chain increases," said Adedotun Saka, environmental, social, and governance lead at Koolboks. For many women farmers, however, cold storage remains financially out of reach. In addition, EWAS financing partners acknowledged a persistent challenge: designing payment structures that reflect the seasonal, often unpredictable cash flows of women-led enterprises. Throughout the sessions, one principle surfaced repeatedly: electrification alone is not enough. Solar power must be linked directly to productivity. It becomes transformative only when it powers irrigation systems, processing equipment, cold storage, and other income-generating tools. The boot camp reinforced this systems-thinking approach. Participants were encouraged to move beyond counting installations and instead examine adoption rates, financing trade-offs, gender inclusion metrics, and long-term commercial viability. Rethinking business models. Through facilitated exercises and coaching rounds, the Nigerian enterprises were asked to define what long-term impact looks like and then work backwards to identify barriers and enabling conditions. "Although some women can afford solar-powered equipment for their businesses, a larger percentage cannot. These are the people EWAS is here for. EWAS has taught us to tweak the payment structure, so it becomes more affordable and accessible," Ijeoma Adigo, gender expert lead and project manager at SunFi, reflected on a key learning. That shift, from selling solar-powered equipment to designing strategies to increase access, marked a turning point in the conversations. Facilitators identified difficult trade-offs in participants' pitch presentations. They guided participants on how to balance affordability with sustainability; how productive-use solutions could reach rural, off-grid communities without increasing transportation and logistics costs; and how businesses could support women balancing their work and household responsibilities. Discussion underscored the structural barriers that rural women face, including distance from urban centers, transportation costs, and uncertainty around energy supply. These challenges require intentional design, not afterthought solutions. Inclusion and partnerships as growth strategies. A defining insight from the boot camp was that gender inclusion strengthens both economic outcomes and community resilience. EWAS positions women and youth as independent business owners and drivers of local economic resilience. Uzochukwu Mbamalu, CEO of Manamuz Group, described the EWAS program's approach: strengthening enterprises like his to deploy PUE technologies at scale, while ensuring that women farmers benefit from higher-quality produce and reduced spoilage. The emphasis on partnership was also consistent throughout the convening. No single organization can deliver market access, financing, skill building, and deployment at scale alone. "Partnership is essential in ensuring that EWAS not only succeeds but can scale and be replicated elsewhere," said Sarah Maina Kanda, lead manager for EWAS Africa at the Global Energy Alliance. She added that the goal is to strengthen local partners and leave institutional knowledge within communities so that scaling can continue beyond the presence of funders. As the final presentations were made, the shift in tone was clear. Conversations had moved from possibility to implementation. The participating enterprises presented refined models designed to reduce post-harvest losses, stabilize incomes, create dignified jobs, and embed women at the center of energy-enabled agricultural growth. The boot camp clarified that solar-powered cold storage can extend shelf life and income. It demonstrated that gender-responsive financing strengthens adoption. It reinforced that clean energy deployment must be tied to measurable livelihood outcomes. Most importantly, it proved that the roadside produce exposed to the elements represents a solvable inefficiency within a system ready for transformation. Translating learning into action. As EWAS transitions into its next phase, the next step is implementation at scale. What began as conversations in Abuja now represents a growing model for how clean energy can strengthen food systems across Nigeria, turning energy access into widespread economic resilience. EWAS demonstrates a broader lesson for clean energy deployment across emerging markets: access to electricity alone does not drive development. Impact emerges when energy solutions are intentionally designed to align with livelihoods, financing realities, and inclusion. The roadside markets remain a reminder of what is at stake. But the conversations, commitments, and clearer pathways emerging from the boot camp suggest that the shift from learning to action is already underway.
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Industries
Social Impact
Financial Services
Education
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
2006
Find jobs on Simplify and start your career today