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Non-Profit Foundation
mastercardfdn.org

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Investments

27

Funds

1

Partners & Customers

10

About Mastercard Foundation

Mastercard Foundation works with visionary organizations to provide greater access to education, skills training, and financial services for people living in poverty, primarily in Africa. Its work is guided by the mission to advance learning and promote financial inclusion in order to alleviate poverty.

Mastercard Foundation Headquarter Location

250 Yonge Street Suite 2400

Toronto, Ontario, M5B 2L7,

Canada

416-214-1923

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Latest Mastercard Foundation News

Jobberman Launches Alliance For Better Work Initiative

Sep 25, 2021

Jobberman Launches Alliance For Better Work Initiative Jobberman , the single largest job placement website in sub-Saharan Africa, has today announced its Alliance for Better Work initiative, as part of its longstanding partnership with the  Mastercard Foundation . The employer-centred initiative is geared to radically bolster recruitment in Nigeria, with a focus on driving female hires and providing integrated end-to-end support on the easy-to-use online jobs platform. Large corporations to SMEs in Lagos, Abuja, Kano, and Kaduna will be able to capitalise on access to over 182,000 pre-vetted jobseekers between the age of 18-35, segmented by industry and qualification level and with a core focus on the agricultural, creative and digital sectors in Nigeria. The Alliance for Better Work has been designed to improve job retention, workplace productivity, business development, and crucially, bridge the gap on gender unemployment which according to recent data is 35.2% compared to 31.8% for men. To date, employers have faced challenges such as cost for training new employees, a flood of unfiltered applications, and wide skills gap. The campaign will run in parallel to Jobberman’s successful soft skills training program, which has already equipped 190,628 young people between the age of 18-35 for the workplace, as well as placing more than 82,600 in dignified employment. The latest drive will see the pioneering platform draw from its leading expertise in the market to tackle both strands of recruitment with equal volition and on course to reach its target of securing employment for 3 million young people by 2025. The Alliance will establish a commitment between Jobberman and employers in the agriculture, creative, digital, finance, healthcare, retail/FMCG, advertising, and education sectors to #hirebetter and move beyond the inertia of costly recruitment processes. According to Jobberman’s data insights, companies can spend an average of 4-6 weeks on their hiring process and cost an estimated 20-25% of the annual gross salary of a candidate to recruit. The Alliance for Better Work is an exclusive recruitment club that gives employers access to the largest pool of trained quality candidates in the country, innovative end-to-end recruitment and post-hiring support, brand amplification, and exclusive rates, all tailored to companies specific needs. Speaking on the initiative, Rolake Rosiji, CEO of Jobberman Nigeria said, “The Alliance for Better Work is ultimately about unlocking the competitive advantage of  Nigerian companies, often lost in long and poor cycles of recruitment. By joining forces with Nigeria’s most astute companies we aim to set a standard of progressive recruitment practices that will allow businesses to flourish. Plus, this opens up the opportunity to accelerate our mandate with Young Africa works in placing trained young people in dignified work. Employees are a company’s greatest asset and Jobberman has the experience, the tools, platform and the resources to make this a reality for employers.” Country Head Nigeria, Mastercard Foundation, Chidinma Lawanson added, “The Mastercard Foundations Young Africa strategy aims to give 10 million youth, and women  access to dignified and fulfilling work in Nigeria – 70% of which must be women. The Foundations’ partnership with Jobberman is one of the many ways that we intend to achieve  this. The launch of the Alliance for Better Work Campaign is intentional in filling the gap in the recruitment process, particularly as it pertains to gender unemployment. We look forward to  seeing its impact.” With over a decade in the recruitment business, Jobberman has used its platform to develop job seeker skill sets, identify gaps in the labour market and streamlined the hiring processes for employers. The partnership with the Mastercard Foundation is steering transformative change in the issues surrounding unemployment in Nigeria. The partnership aims to train 5 million job seekers and place 3 million in dignified employment over the next five years. Companies interested in being a part of the Alliance for Better Work campaign can sign-up here: www.jobberman.com/employer/hirebetter  or by sending an email to  [email protected]

Mastercard Foundation Investments

27 Investments

Mastercard Foundation has made 27 investments. Their latest investment was in Hitch as part of their Grant on February 2, 2020.

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Mastercard Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/26/2020

Grant

Hitch

$0.4M

Yes

1

2/26/2020

Grant

M-Shule

$0.4M

Yes

1

2/26/2020

Grant

Litemore Limited

$0.4M

Yes

1

2/26/2020

Grant

Subscribe to see more

$99M

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10

2/26/2020

Grant

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$99M

Subscribe to see more

10

Date

2/26/2020

2/26/2020

2/26/2020

2/26/2020

2/26/2020

Round

Grant

Grant

Grant

Grant

Grant

Company

Hitch

M-Shule

Litemore Limited

Subscribe to see more

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Amount

$0.4M

$0.4M

$0.4M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Mastercard Foundation Fund History

1 Fund History

Mastercard Foundation has 1 fund, including Mastercard Foundation Scholars Program.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Mastercard Foundation Scholars Program

$2M

1

Closing Date

Fund

Mastercard Foundation Scholars Program

Fund Type

Status

Amount

$2M

Sources

1

Mastercard Foundation Partners & Customers

10 Partners and customers

Mastercard Foundation has 10 strategic partners and customers. Mastercard Foundation recently partnered with Sterling Bank on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/16/2021

Partner

Sterling Bank

Nigeria

Sterling bank partners Mastercard, launches farmer’s radio to improve agribusiness

Sterling Bank bank has partnered with the Mastercard Foundation to launch the Nigerian Farmers Radio , a Pan-Nigeria agribusiness-related radio show to boost agribusiness in Nigeria .

1

5/14/2021

Partner

Babban Gona

Nigeria

Babban Gona, Mastercard Foundation partner to create jobs for 560,000 youths, women

Babban Gona , Mastercard Foundation partner to create jobs for 560,000 youths , women

1

5/4/2021

Partner

Data Science Nigeria

Nigeria

Data Science Nigeria, MasterCard Foundation expand e-learning access to 100m Nigerians

Data Science Nigeria in partnership with MasterCard Foundation has launched a new e-learning platform as part of the effort to provide unlimited access to learning for more than 100 million young Nigerians .

1

11/17/2020

Partner

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10

10/27/2020

Partner

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Subscribe to see more

Subscribe to see more

10

Date

7/16/2021

5/14/2021

5/4/2021

11/17/2020

10/27/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Sterling Bank

Babban Gona

Data Science Nigeria

Country

Nigeria

Nigeria

Nigeria

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News Snippet

Sterling bank partners Mastercard, launches farmer’s radio to improve agribusiness

Sterling Bank bank has partnered with the Mastercard Foundation to launch the Nigerian Farmers Radio , a Pan-Nigeria agribusiness-related radio show to boost agribusiness in Nigeria .

Babban Gona, Mastercard Foundation partner to create jobs for 560,000 youths, women

Babban Gona , Mastercard Foundation partner to create jobs for 560,000 youths , women

Data Science Nigeria, MasterCard Foundation expand e-learning access to 100m Nigerians

Data Science Nigeria in partnership with MasterCard Foundation has launched a new e-learning platform as part of the effort to provide unlimited access to learning for more than 100 million young Nigerians .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

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