Mastercard Foundation

The Mastercard Foundation stands as one of the world's largest and most influential charitable organizations, with a powerful presence in Kenya and across Africa. Founded in 2006, this Toronto-based foundation has grown to manage assets worth $47 billion, making it a major force in African development and youth empowerment. Kenya and African Focus Through its ambitious Young Africa Works strategy, the foundation is revolutionizing how young Africans, particularly in Kenya, access meaningful employment. This isn't just another development program - it's a comprehensive plan to help 30 million young people, especially women, find dignified work by 2030. The foundation's presence in key African cities, including Nairobi, shows its deep commitment to the continent's growth. Educational Transformation In Kenya and across Africa, the Mastercard Foundation Scholars Program is changing lives. This initiative isn't just about providing scholarships - it's about developing Africa's next generation of leaders. The program supports talented young people through secondary education, undergraduate studies, and master's degrees, focusing on those who show both academic excellence and leadership potential. Partnership Approach What makes the foundation's work in Kenya particularly effective is its partnership model. They work with local institutions, governments, and organizations to create sustainable change. Their programs focus on: Entrepreneurship development Workforce preparation Institutional strengthening Youth-led organizations Education improvement Financial inclusion Financial Commitment and Impact The foundation's commitment to Africa is backed by substantial resources. With $500 million dedicated to the Young Africa Works strategy, they're making real investments in African youth's future. Their work extends beyond just funding - they're actively involved in creating systemic change through carefully designed programs and partnerships. Focus on Women and Innovation In Kenya and other African nations, the foundation places special emphasis on supporting young women. This focus recognizes that empowering women is crucial for economic development. They also support innovative approaches to financial inclusion, helping expand access to financial services for underserved communities. Educational Excellence Through partnerships with universities and educational institutions, the foundation helps ensure that young Africans receive quality education that prepares them for the future job market. Their support extends from secondary education through to post-graduate studies, creating a pipeline of skilled professionals. Leadership Development The foundation doesn't just focus on education and employment - it's building Africa's next generation of leaders. Through their scholars program and other initiatives, they identify and nurture talented young people who show potential to transform their communities and countries. Long-term Vision Under the leadership of President and CEO Reeta Roy, the foundation maintains a clear vision: creating a world where everyone has the opportunity to learn and prosper. This vision drives their work in Kenya and across Africa, focusing on sustainable, long-term solutions rather than quick fixes. Looking Forward As Kenya and Africa continue to develop, the Mastercard Foundation's role becomes increasingly important. Their focus on youth employment, education, and financial inclusion addresses critical challenges facing the continent. With offices in major African cities and strong partnerships with local organizations, they're well-positioned to continue making a significant impact. For young Kenyans and other Africans seeking opportunities for education and employment, the Mastercard Foundation represents more than just a funding source - it's a partner in building a brighter future. Through their comprehensive approach to development and focus on sustainable change, they're helping shape the next chapter in Africa's growth story.