-$2.1 Billion has been made in total commitments by the Foundation
By Ajong Mbapndah L
With its financial inclusion, education and learning, and youth Livelihood programs, the MasterCard Foundation is emerging as a leading partner in pushing through a development agenda that favors disadvantaged youth across Africa.
About ten million young people have been engaged by the Foundation through its work in diverse sectors across Africa, said Ann Miles Director of Financial Inclusions at the MasterCard Foundation. Speaking from Canada in a skype interview to discuss the second annual Young Africa Works Summit in Kigali Rwanda, Ann Miles said the Foundation was shifting discussion from how to engage youth in agriculture to how young people can be the drivers of agricultural transformation.
Taking place on February 16 and 17, the second annual Young Africa Works Summit will be a gathering of some 300 thought leaders from the NGO’s, government, funders and the private sector committed to developing sustainable youth employment strategies in Africa. The MasterCard Foundation has had a significant impact in working with youth especially those who are out of school or seeking transition to jobs, Anne Miles said.
Miles disclosed that Of the $2.1 billion in total commitments, circa $ 1 billion has already been disbursed. At the Summit, there will be 34 nationalities represented (total), of which 20 nationalities are African. The summit will have people from Cameroon to Congo, Kenya to Senegal, Zimbabwean to Malagasy, and from other countries like Bangladesh, Paraguay, India, and Poland
Working in about 25 countries, the Foundation has had a strong impact on the livelihood of young people through tertiary education, financial opportunity, and scholarship and entrepreneurship opportunities. Those who have studied through scholarships have returned to their home countries to share valuable knowledge and experiences acquired elsewhere, said Miles.
As one of the countries where the activities of the Foundation have taken strong root, Rwanda was not a hard choice to make to host the second annual summit. Agriculture is a very important topic, Miles said, and went on to explain that the Summit will focus on the inter-related themes of agricultural transformation, gender technology and climate smart agriculture.
On how the Foundation keeps track or stays engaged with beneficiaries of its programs, Miles said evaluations and surveys are usually done ahead of each summit. The Foundation remains committed to its work in Africa in the hope that it will continue to have a positive impact on the lives of young people and the overall development of the continent ,Miles said.