KIU, Western Campus - The Mastercard Foundation has launched a strategy, Young Africa Works—Uganda to enable 3 million young people to access dignified and fulfilling work over the next 10 years.
According to Samuel Yalew Adela, the Country Head, Uganda at the Mastercard Foundation, the strategy builds on 11 years of Mastercard Foundation’s work supporting education and youth livelihoods and improving access to finance among unreached or under-served groups; work that has positively impacted over 2 million people, including farmers and out-of-school youth.
The Mastercard Foundation is partnering with the government, the private sector, and several non-profit organizations to share data and information with one another in order to support the full range of implementation activities.
Young entrepreneurs who will receive business development services from a start-up incubator under Young Africa Works will also have access to financing from a bank participating in Young Africa Works.
In Uganda, Young Africa Works will focus on supporting agri-food systems and businesses, enabling opportunities in the construction sector, improving vocational training, expanding access to financial services, and strengthening the tourism sector, which was one of the fastest-growing sectors pre-COVID-19, and which many young people already rely on for work and income.
Picture credit: Mastercard Foundation