Senegal

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.

Find out more about the COVID-19 Recovery and Resilience Program.

Find out more about the program’s focus in Senegal.

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 2035the 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.

 

 

Our Work in Senegal

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Case Study: Microcred Senegal

Microcred Senegal (MCSN) has embedded client centricity into the core of its business model, developing innovative products and services that better meet the needs of peri-urban and rural customers.

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Fund for Rural Prosperity

Rural people need financial services that allow them to alter their livelihood strategies, to develop better ways of managing wealth, earn an income and reduce their vulnerability of falling into poverty traps.

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Mastercard Foundation to Enable Three Million Youth to Access Employment Opportunities in Senegal

The Mastercard Foundation announces  Young Africa Works in Senegal, an initiative that aims to enable three million young people to access dignified and fulfilling work by 2030. 

Press Release