Historic contribution to fund refugee education, training, across Africa
The Mastercard Foundation has entered a $300 million partnership with the United Nations High Commissioner for Refugees, which is expected to help more than half a million refugees and displaced youth across Africa to complete their education.
This five-year initiative represents one of the most significant private philanthropic commitments of its kind globally and expands the foundation’s existing collaboration with the international agency.
The foundation said the funding will help improve long-term outcomes for refugees and displaced people and transition 200,000 young people into dignified work by 2030, as part of the larger Young Africa Works Strategy announced earlier this year.
That strategy aims to see 30 million young people employed with dignity by the end of the decade.
There are currently 45 million refugees and displaced people across Africa, with countries like Sudan and the Democratic Republic of the Congo representing some of the largest displacement crises globally.
Violent conflict, war, climate change and economic hardship are all factors contributing to the current refugee crisis, but according to the Africa Centre for Strategic Studies, the number of people forcibly displaced has doubled since 2018.
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