COVID-19 Recovery and Resilience Program
As COVID-19 advances, its effects become ever-more pronounced. The public health crisis is aggravated by the social and economic aftermath: job losses, school closures, increased poverty. The Mastercard Foundation COVID-19 Recovery and Resilience Program will assist institutions and communities in Africa and within Indigenous communities in Canada to withstand and respond to the short-term impacts of this pandemic, while strengthening their resilience in the long-run.
Young Africa Works
Young Africa Works in Senegal focuses on growth in small businesses, productivity improvements in the agriculture sector, and enhancing education and training.
Our Goal: Over the next five years, support three million young people to access dignified and fulfilling work.
Context: Senegal’s policy and strategy environment are conducive for economic and social development, and it has a thriving business sector. It also has a strong entrepreneurial spirit, with high levels of innovation within the digital economy. Nearly 35 percent of the population is between 15 and 35 years of age, and youth unemployment is at 13 percent.
Our Approach: Building on the government’s Plan for an Emerging Senegal (PSE) which outlines the vision for the country until 2035, the Foundation has made an initial USD 200 million, five-year commitment focusing on growth in small businesses, productivity improvements in the agriculture value chain, and improvements in education and training.
Priority Sectors: Agriculture and MSMEs.