The MasterCard Foundation Initiative, Youth Africa Works Strategy is expected to benefit up to 30 million youths in Africa with the aim of reducing poverty and tackling youth unemployment in Africa and creation jobs for them especially for the gifted Africans with innovative ideas that can change the continent.
Unveiling the initiative in Kigali, the Foundation has said that it will be a long-term agreement to enable more young people join the work force of Africa. The initiative will equip youths with necessary resources to enable them develop their ideas, and especially create a dignified and fulfilled working environment for women by 2030.
In a statement, the Chief Executive Officer and President of MasterCard Foundation, Reeta Roy said that the launch of the initiative is part of a strategy to impact the lives of millions of young Africans and Rwanda would be the first country to have this strategy implemented.
He added that the initiative will work closely with the young entrepreneurs to access the capital they need and become job-creators. Expressing that although Africa is the youngest and fastest-growing continent in the world, the rate of unemployment particularly amongst its youths was on area that needed tackling.
Prime Minister, Edouard Ngirente officiated the launch and said that the initiative was in line with the government’s plan for transformation in the country.