The project will be carried out in cooperation with an African-led network of academic institutions and will include research, knowledge dissemination, training, policy creation, and advocacy.
Johannesburg, April 14, 2023 – The Mastercard Foundation has provided support to the Centre on African Philanthropy and Social Investment (CAPSI) at the Wits Business School to enable vital research on knowledge and opportunities emanating from the Foundation’s Young Africa Works Strategy.
The Foundation’s Young Africa Works strategy, which aims to enable 30 million young Africans to secure dignified and fulfilling work by 2030, mirrors CAPSI’s mission of creating new possibilities for Africans by training new cohorts of academics and researchers in the non-profit sector and changing the African narrative with emphasis on self-reliance and African solutions.
Additionally, the non-profit sector’s research in employment creation for young people in Africa will produce significant metrics and data that the private sector, decision-makers, and society at large will require to better the lives of young people.
The five-year support of $7.8 million USD (about R140 million) will be undertaken in collaboration with an autonomous African-led network of researchers and institutions in selected African countries and will concentrate on the contributions of the non-profit sector to African economies, with a specific focus on enabling young people in Africa to secure dignified and fulfilling work.
Three objectives will be fulfilled through this project:
“The role played by the non-profit sector is generally underestimated in many economies. Several anecdotes exist in every country about how the non-profit sector keeps society cohesive and glued together through social and economic functions. Few studies have been conducted in this regard, such as the Johns Hopkins project on the size and scope of the non-profit sector in only about three African countries. This support from the Mastercard Foundation provides us a once-off opportunity to test the hypothesis that the non-profit sector is a major force to be reckoned with in African societies,” says Professor Bhekinkosi Moyo, Director of CAPSI.
The research will be undertaken in the following 17 African countries:
About the Centre on African Philanthropy and Social Investment (CAPSI)
Founded in 2017 and situated within Wits Business School, CAPSI aspires to nurture a new generation of African experts, researchers and leaders in African Philanthropy, Social Investment and related disciplines. The Centre serves as a source of knowledge and learning, a platform for partnerships, and a hub for community engagement for participating organisations and institutions across and for the benefit of Africa. CAPSI’s portfolio of offerings includes postgraduate academic programmes, short courses, masterclasses, post-doctoral fellowships, publications and partner-collaborated research and development projects in the fields of social investment and philanthropy.
For more information on CAPSI, please visit www.capsi.co.za.
About the Mastercard Foundation
The Mastercard Foundation works with visionary organizations to enable young people in Africa and in Indigenous communities in Canada to access dignified and fulfilling work. It is one of the largest private foundations in the world with a mission to advance learning and promote financial inclusion to create an inclusive and equitable world. It was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is an independent organization and its policies, operations, and program decisions are determined by its own Board of Directors and senior leadership team. It is a registered Canadian charity with offices in Toronto, Kigali, Accra and Nairobi, Kampala, Lagos, Dakar, and Addis Ababa.
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