NBSSI, MasterCard Foundation sign GH¢78m employment deal …targets 39,000 people 

Kosi Yankey, Executive Director, NBSSI

The National Board for Small Scale Industries (NBSSI) and the MasterCard Foundation have entered into a GH¢78 million partnership aimed at increasing employment opportunities for the youth in the country.

The three-year agreement is part of the ‘Young Africa Works in Ghana’ which takes off in January 2020 and will create access to dignified work for 39,000 youth and micro, small and medium-sized enterprises (MSMEs); 70% of the targeted group will be young women.

This NBSSI partnership with MasterCard Foundation aligns with the government’s Ghana Beyond Aid agenda and its focus on transforming Ghana’s MSMEs into engines of economic growth. Growth opportunities will be provided for existing young entrepreneurs by facilitating access to finance, markets, and business development services. It will equip participating youth with digital, vocational, and life skills whilst also leveraging technology to connect jobseekers with opportunities.

“The project will leverage existing NBSSI flagship programmes such as the Apprenticeship to Entrepreneurship (A2E), Innovation, Creativity and Entrepreneurship (ICE) Hubs, and the Kaizen Programme. These programmes will be delivered through the 178 Business Advisory Centers/Business Resource Centers across the country and in collaboration with other Young Africa Works in Ghana partners”, Kosi Yankey, Executive Director of NBSSI said in a press statement.

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The MasterCard Foundation Regional Director for Western, Central and Northern Africa, Nathalie Akon Gabala, said: “NBSSI has the largest footprint of any agency in Ghana through its work with entrepreneurs and women-led businesses. With a presence in 178 districts across the country, they are uniquely positioned to help advance Young Africa Works in Ghana’s objectives to ensure young people secure work that is both dignified and fulfilling.”

The MasterCard Foundation seeks a world where everyone has the opportunity to learn and prosper. The Foundation’s work is guided by its mission to advance learning and promote financial inclusion for people living in poverty. As one of the largest foundations in the world, it works almost exclusively in Africa. It was created in 2006 by MasterCard International and operates independently under the governance of its own Board of Directors. The Foundation has offices in Accra, Ghana; Nairobi, Kenya; Toronto, Canada and Kigali, Rwanda.

The MasterCard Foundation seeks a world where everyone has the opportunity to learn and prosper. The Foundation’s work is guided by its mission to advance learning and promote financial inclusion for people living in poverty. One of the largest foundations in the world, it works almost exclusively in Africa. It was created in 2006 by Mastercard International and operates independently under the governance of its own Board of Directors. The Foundation has offices in Accra, Ghana; Nairobi, Kenya; Toronto, Canada and Kigali, Rwanda.

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