TechnoServe and The MasterCard Foundation Partner to Connect Rural Youth to Valuable Entrepreneurship Opportunities
TechnoServe and The MasterCard Foundation are partnering on an $11.5 million, four-year program to help rural young women and men in East Africa transition to economic independence. The Strengthening Rural Youth Development through Enterprise (STRYDE) program will deliver a comprehensive package of services such as skills training, business development and mentoring to young people ages 18 to 30 in Kenya, Rwanda and Uganda. The program aims to equip 15,000 rural youth with the skills and knowledge to capitalize on economic opportunities and increase their incomes. As a result, the program plans to indirectly benefit more than 67,000 family members. Read More
Equity Group Foundation and The MasterCard Foundation Welcome Over 2,100 New Students to Kenya’s Largest Secondary Education and Leadership Scholarship Program
The MasterCard Foundation and the Equity Group Foundation today awarded 2,144 new students secondary school scholarships through the Wings to Fly program. This scholarship initiative that began in 2010 has grown from $50 million to $67 million with the support of additional partners including USAID and UKAid and will benefit nearly 7,300 students. The program is unique in that it not only provides these academically gifted yet economically disadvantaged students with tuition, books, uniforms, and stipends, but they also receive leadership development, career guidance, and mentoring to ensure they achieve their full potential. The celebration took place at an event attended by His Excellency the President of The Republic of Kenya, Hon. Mwai Kibaki, who was joined by Reeta Roy, President and CEO of The MasterCard Foundation, and Dr. James Mwangi, CEO of Equity Bank and Chair of Equity Group Foundation. Read More