The Mastercard Foundation today announced the opening of an Expression of Interest (EOI) process to collaborate with prospective partners in bridging access to inclusive financial services for the Agriculture and Agric-adjacent sectors, to unlock work opportunities for young Ghanaian women and men.
Through the EOI process, the Foundation is seeking partnerships with organizations in four key areas, which are central to the delivery of its Young Africa Works strategy in Ghana, namely:
Access to capital – to develop and implement innovative financial solutions for smallholder farmers, women-owned and youth-led agribusinesses, and to build the resilience of at-risk and vulnerable people in the agriculture and adjacent value chains, including rural women.
Technical assistance and capacity building – through the implementation of structured interventions, including business education, mentorship, and role modelling, build the capacity of young women and men in the sector. Focus areas to include financial literacy, access to finance, digital literacy, among others. The intervention will also seek to strengthen local cooperative groups to support women and youth;
Access to market – through the development of structured systems, disseminate information about prices and market opportunities, and create virtual and physical marketplaces where producers and off-takers can connect; and
Ecosystem development – to increase access to financial services so low-income individuals, households, and small businesses can access and use appropriate financial services.
Interested organizations are required to submit an Expression of Interest that explains how they will respond to one or more of the intervention areas and the role they can play, collaborating with other implementing partners and stakeholders, to achieve desired outcomes and the delivery of the Young Africa Works strategy in Ghana.
Agriculture contributes to more than one-fifth of Ghana’s GDP (Gross Domestic Products) and over 30 percent of total foreign export earnings. The sector employs almost 54 percent of households and is the main source of livelihood for the majority of the country’s poorest households. Youth aged 15-35 years make up almost 30 percent of persons engaged in the agriculture sector.
The Foundation’s Young Africa Works strategy in Ghana seeks to enable three million young Ghanaian women and men to access dignified and fulfilling work by 2030 by deepening efforts and investment in agriculture and adjacent sectors using a value chain and market system development approach.
The selected partners will work with the Foundation, through a co-creation process, to design interventions that create dignified work opportunities for young women and men in the sector.
Prospective partners can find additional information in the Expression of Interest.
The Foundation seeks partnerships with organizations that:
Share the Foundation’s vision of a world where everyone has the opportunity to learn and prosper;
Are aligned with the Foundation’s values: humility, listening, kindness and respect, co-creation, and impact; and
Demonstrate a past and present commitment to safeguarding, diversity, and inclusion, through policies, programs, and practices.
Preference will be given to aggregators that are local organizations or those that can build capacity, transfer knowledge, and transition program management to local organizations over the course of the program. This aligns with the Foundation’s objective of institutional strengthening for a broad range of local actors, eventually contributing to the goal of primarily working with African-based organizations.
Call for Expressions of Interest – 11th March 2022.
Deadline for submission of prospective partners’ Expressions of Interest – 8th April 2022.
Interested prospective partners can submit questions and inquiries via firstname.lastname@example.org
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.
The Foundation was created by Mastercard in 2006 as an independent organization with its own Board of Directors and management.
For more information on the Foundation, please visit: www.mastercardfdn.org
ABOUT YOUNG AFRICA WORKS
Young Africa Works is the Mastercard Foundation’s strategy to enable 30 million young Africans, 70 percent of whom will be young women, to access dignified and fulfilling work. Africa will be home to the world’s largest workforce, with 375 million young people entering the job market by 2030.
With the right skills, these young people will contribute to Africa’s global competitiveness and improve their lives and those of their communities.
The Mastercard Foundation will implement Young Africa Works in 10 African countries in collaboration with governments, the private sector, entrepreneurs, educators, and young people.
The first set of countries identified by the Mastercard Foundation are Rwanda, Kenya, Ghana, Senegal, Ethiopia, Uganda, and Nigeria.
Source: Business and Financial Times