Pan-African Cryptocurrency Exchange and Financial Technology Company Yellow cardthrough a $3,000 grant, partnered with the Web3Ladies mentorship program to equip over 500 Nigerian women with relevant technology and blockchain skills.
This movement by Yellow card is part of its YC Social Good, the company’s flagship corporate social responsibility initiative, aimed at promoting financial freedom and enabling access to technology resources for everyone across the continent.
THE Web3Dames The mentorship program is an intensive three-month boot camp designed to train qualified designers, engineers and managers for the blockchain industry while providing them with the technical tools and resources necessary for post-training success .
For Yellow Card, the decision to partner with Web3Ladies, a women-focused organization, was driven by the need to provide greater access to training and technology resources for the continent’s burgeoning young population, especially women, who face significant obstacles.
An estimated 230 million jobs in sub-Saharan Africa will require digital skills by 2030. and UNESCO estimates that only 30% of women receive STEM training, and even fewer girls have the digital skills essential for the region’s modern workforce.
Yellow Card, through its YC Social Good Initiative, aims to bridge this gap, by equipping and preparing young African talents with the skills needed to shape the future of the continent.
“We are committed to helping people across the African continent improve their lives through various partnerships and programs focused on financial inclusion, youth empowerment, education and innovation. » said Jason Marshall, Yellow Card’s chief operating officer.
Jason further explained that women and girls face significant barriers when it comes to technology and digital education, making the decision to grant Web3Ladies the $3,000 for the mentorship program an easy one.
“This is just one of our many efforts under YC Social Good, our CSR initiatives, which promote inclusion and financial freedom across the continent. » Jason added.
Despite Nigeria’s strong entrepreneurial spirit, only 15% of tech startup co-founders in Nigeria are women.
A study published by LongHash in 2018 shows that among 100 blockchain startups surveyed, female employees made up only 14.5% of the workforce.
So, even though the digital ecosystem is dynamic and exciting, gender inclusion remains a barrier to growth.
Yellow Card, through this partnership, has gone beyond mere words and reiterations of the issue to contribute to the empowerment of more women, an investment which they believe will produce overall positive results for the African economy in the near future.
Nkechi Enebeli, Associate Program Director for Web3Ladies, while commenting on Yellow Card’s $3,000 grant to support its mentoring program, said: “Yellow Card’s commitment to corporate social responsibility is nothing short of remarkable. Their partnership reaffirms the belief that empowering women in technology is not only about equality but also an investment in the future.”
She further explained that “the partnership is more than just financial support; it’s a testament to the power of collaboration. We are immensely grateful to Yellow Card for recognizing our mission and offering their hand in our journey towards a more equitable technology ecosystem.”
The Web3Ladies mentoring program takes place in four different phases over a period of three months. During the program, mentees attend live classes and weekly workshops under the guidance of on-site mentors.
Workshops are in-depth sessions on blockchain-specific topics, led by industry experts and experienced professionals.
There are over 500 registered mentees and over 200 accepted applicants in the current cohort. We seek to provide work tools such as laptops, inverters and MiFi to mentees who successfully graduate after the cohort program.
Since its launch in Nigeria in 2019, Yellow Card has contributed thousands of dollars to sponsor various projects and initiatives.
This support extends beyond Nigeria and extends across the continent. Yellow Card has supported initiatives such as Generation Empower (GenEm) to support their mission to educate and empower youth in Tanzania, a $5,000 grant to the Purple Skills Klinic Foundation, which seeks to empower youth in Uganda , among other projects carried out by the company.