Pan-African cryptocurrency exchange and financial technology company, Yellow Card, has joined forces with the Web3Ladies mentorship program. This partnership, backed by a $3,000 grant, is set to provide vital tech and blockchain skills to more than 500 Nigerian women.
Yellow Card’s involvement, driven by its Social Good initiative, is aimed at fostering financial freedom and broadening access to tech resources across Africa. The Web3Ladies mentorship program is a comprehensive three-month boot camp designed to nurture the talents of designers, engineers, and managers in the blockchain industry. It equips participants with the tools and tech resources essential for their success after completion.
This collaboration emphasizes Yellow Card’s commitment to breaking down barriers and ensuring greater access to training and tech resources, especially for the youth, with a focus on females.
By 2030, approximately 230 million jobs in Sub-Saharan Africa will require digital skills. However, UNESCO reports that only 30% of women receive STEM training, leaving even fewer with the vital digital skills necessary for the modern workforce in the region. Yellow Card’s Social Good Initiative aims to bridge this digital divide and prepare young African talents for shaping the continent’s future.
Jason Marshall, Chief Operating Officer of Yellow Card, underscores the company’s dedication to transforming lives in Africa through partnerships and programs that promote financial inclusion, innovation, and youth empowerment.
Noting the significant obstacles faced by women and girls in accessing technology and digital literacy education, he highlights the decision to grant Web3Ladies $3,000 for their mentorship program. This initiative is part of Yellow Card’s Corporate Social Responsibility (CSR) efforts, which aim to foster inclusion and financial freedom across the continent.
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Yellow Card Teams Up with Web3Ladies for Empowering Women in Tech
Despite Nigeria’s dynamic entrepreneurial spirit, only 15% of tech startup co-founders are women, according to a 2018 study. Gender inclusivity remains a challenge in the tech industry. Yellow Card’s partnership with Web3Ladies is a tangible step toward empowering more women and promoting positive change in the African economy.
Nkechi Enebeli, Associate Program Manager for Web3Ladies, expresses gratitude for Yellow Card’s $3,000 grant and sees it as a testament to their commitment to corporate social responsibility. She emphasizes the transformative power of collaboration and the importance of empowering women in tech.
The Web3Ladies mentorship program spans three months and involves live classes, weekly workshops, and mentoring by industry experts. With over 500 registered participants and more than 200 accepted applicants in the current cohort, the program aims to provide essential work tools to graduates, ensuring their ongoing success.
Conclusion
Yellow Card, established in Nigeria in 2019, has committed substantial funds to various projects and initiatives. Its philanthropic efforts extend throughout the African continent, including initiatives such as Generation Empower (GenEm) in Tanzania, dedicated to educating and empowering youth, and a $5,000 grant to the Purple Skills Klinic Foundation in Uganda, among other projects championed by the company.
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