The MasterCard Foundation Commits $10 Million to Train African Tech Leaders and Entrepreneurs

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Carnegie Mellon University has received $10.8 million from The MasterCard Foundation as part of its Scholars Program to train the continent’s next generation of technology leaders and entrepreneurs.

The MasterCard Foundation Scholars Program provides holistic student support from comprehensive scholarships and leadership development to volunteerism and industry-driven career services to develop highly skilled and transformative leaders to catalyze Africa’s digital transformation.

Carnegie Mellon University joins a global network of 23 Scholars Program partners, comprising educational institutions committed to developing Africa’s young leaders.

A total of 125 bright but poor students from sub-Saharan Africa will benefit from globally recognized ICT degrees at Carnegie Mellon University’s College of Engineering.

The program will not only equip them will skills to lead meaningful contribution and transformation in their communities but also expand their future career options.

It will be an educational and research resource for the growth of the sector in Africa; and will also provide support for entrepreneurship and innovation.

“We are excited to partner with Carnegie Mellon University in Rwanda, an exceptional institution committed to training the next generation of African engineers, innovators and entrepreneurs to meet pressing global challenges,” said Reeta Roy, President and CEO of The MasterCard Foundation. “Investment in STEM education is pivotal to Africa’s future and will ensure that African nations have the opportunity to identify, develop and deploy their wealth of talent.”

Carnegie Mellon University in Rwanda has been contributing to the enhancement of quality of the continent’s engineering workforce for the last five years. Its graduates play a strategic role in Africa’s trajectory in the Fourth Industrial Revolution, using ICT skills to promote socio-economic development.

The program will start in fall 2016 and conclude in 2023. To date, it has graduated 70 students from Rwanda, Kenya, Uganda and the US with the majority positively impacting academia, government, the private sector and others creating start-ups and developing doctoral programs back in their home countries.

The support from The MasterCard Foundation will enable the University multiply its impact on higher education and the ICT sector in Africa.

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