Master card commits $85 million to Rwanda


President Kagame meets with Mastercard Foundation Board in Kigali.

The master card foundation has commited $85 million to various projects in Rwanda set to benefit projects in the fields of financial inclusion, education and economic opportunities for the youth.

The announcement came after the board members of the organization met President Paul Kagame at village Urugwiro in Kigali.

Speaking to reporters after the meeting, Jim Leach, chairman of the foundation noted that the organization is committed to working with accountable countries like Rwanda so as to ensure sustained impact on the population.

 “Rwanda continues to show great developmental strides and great leadership, it’s this reason we are committing ourselves to help it achieve its long term vision and goals,” said Leech.

Dr. Papias Musafiri, Rwanda’s minister of education noted that the partnership with master card foundation will help empower the girl child as it will create more opportunities for Rwandan youths ensuring access to better education system.

 “Master card foundation has committed itself to help give a chance to talented young Rwandans through the provision of various scholarships and investment in the education system. This is in line with the government’s target for vision 2020,” said the minister.

The master card foundation delegation was led by Reeta Roy the President and chief executive officer of the non-profit organization.

Based in Toronto, Canada, the MasterCard Foundation works with different organisations to provide greater access to education, skills training, and financial services for people living in poverty, primarily in Sub-Saharan Africa.

The board of the group has recently held its high level board meeting in Kigali, making Rwanda the first place for such a meeting outside the organisation North American base.

The Foundation has committed $50 million (about Rwf36 billion) to projects in Rwanda in the areas of education, ICT, agriculture and microfinance.

Its partners in the country are mostly non-governmental organisations (NGOs), including FAWE Girls School, where 1,200 girl students will be funded to complete their education at both secondary and university levels in Rwanda.

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