The MasterCard Foundation Scholars Program: Empowering The Next Generation
The MasterCard Foundation Scholars Program, launched in 2012, is a bold initiative aimed at developing Africa’s next generation of leaders. With an investment exceeding $1 billion, the program offers scholarships to academically talented yet economically disadvantaged young people in Africa, enabling them to pursue higher education and develop the skills needed for transformative leadership and community development.
Objectives and Vision
The primary goal of the MasterCard Foundation Scholars Program is to create a network of future leaders who will drive social and economic progress in their communities and countries. By providing comprehensive support, including financial, academic, and social assistance, the program aims to empower young people to overcome the barriers that prevent them from reaching their full potential.
The vision is to cultivate ethical, entrepreneurial, and committed leaders who will contribute to inclusive development in Africa. The scholars are expected to leverage their education to address pressing challenges and promote prosperity and stability across the continent.
Key Features of the Program
1. Comprehensive Scholarships: The program covers tuition, accommodation, books, and other learning materials. It also provides stipends to cover living expenses, ensuring that students can focus entirely on their education without financial strain.
2. Mentorship and Support: Scholars receive extensive support through mentorship programs, academic advising, and counseling. This holistic approach is designed to nurture their personal and professional growth.
3. Leadership Development: Leadership training is a cornerstone of the program. Scholars participate in workshops, seminars, and internships that equip them with the skills and experience needed to lead effectively in various sectors.
4. Community Service and Engagement: The program encourages scholars to engage in community service, fostering a spirit of giving back and ensuring that they remain connected to their roots. This aspect helps students understand the importance of using their knowledge and skills for the betterment of society.
5. Global Network: Scholars become part of a vast network of peers, alumni, and partners, including universities, NGOs, and corporations. This network provides opportunities for collaboration, innovation, and support throughout their careers.
Partner Institutions
The program collaborates with over 30 universities and institutions across Africa, North America, and Europe. Some notable partners include:
- University of Cape Town(South Africa)
- African Leadership Academy** (South Africa)
- Ashesi University (Ghana)
- McGill University (Canada)
- University of Edinburgh (UK)
These institutions are chosen for their commitment to excellence in education and their dedication to fostering the development of Africa’s future leaders.
Impact and Success Stories
Since its inception, the MasterCard Foundation Scholars Program has supported over 40,000 young people. Graduates of the program have gone on to make significant contributions in various fields, including education, healthcare, technology, and social entrepreneurship.
One notable example is Divine Nti, a scholar from Ghana, who founded a successful tech startup aimed at improving access to education in rural areas. Another is Wanjiru Njuguna from Kenya, who has been instrumental in developing sustainable agricultural practices in her community.
Conclusion
The MasterCard Foundation Scholars Program is more than just a scholarship initiative; it is a comprehensive effort to transform lives and build a brighter future for Africa. By investing in the potential of young leaders, the program is helping to create a ripple effect of positive change across the continent. As these scholars rise to positions of influence and leadership, they carry with them the values and vision of the MasterCard Foundation, ensuring that the legacy of this program will endure for generations to come.
