Determined to foster in-demand digital skills and position African youth for success in a global digital economy, Binance in partnership with AltSchool Africa has announced full-tuition scholarships to 500 young Africans.
The scholarships which would commence from January to 31 December 2025 will enable recipients to participate in AltSchool Africa’s structured programmes.
According to the organisers, this collaboration is aimed at addressing the digital skills gap in Africa by offering access to specialised education in fields such as software engineering, cybersecurity, sales and content creation, empowering learners with skills that are essential in today’s rapidly evolving job market.
The scholarships will enable recipients also have access to mentorship, career support, and practical training that will help them build strong foundations in their chosen fields.
Samantha Fuller, spokeswoman for Binance said the company is excited to provide opportunities that will help shape the future of many young students across the continent.
Fuller said the partnership between both companies comes at a critical time, adding that by offering these scholarships, it aims to close this gap and equip young Africans with the expertise needed for the future digital economy.
Fuller said that technology is a powerful tool for change, adding an investment in education, is like investing in the future of Africa. Our goal is to empower students to become innovators and leaders in the tech space.
“Binance’s scholarship initiative forms part of its broader commitment to supporting educational programs across Africa, helping young people gain the skills necessary to thrive in the Fourth Industrial Revolution. This aligns with Binance’s ongoing social impact efforts, where the company continues to leverage its resources and platform to build a more inclusive digital economy,” Fuller added.
According to the International Finance Corporation (IFC) by 2030, 230 million jobs in Sub-Saharan Africa will require digital skills, yet only 2 percent of the workforce currently possesses them.
Nifemi Akinwamide, head of global operations at AltSchool Africa said as an education platform, AltSchool Africa is tailored to develop digital skills across Africa.
Akinwamide said the school is proud to collaborate with Binance on this initiative.
“With this partnership, we can reach more young Africans passionate about building a career in the digital economy, offering them a variety of our diploma programs and short courses,” Akinwamide
He lauded Binance for this incredible initiative which will positively impact the lives of hundreds of Africans across the continent.
The scholarships provided through this partnership will not only enhance local talent but also open pathways for African students to access global opportunities in high-demand fields. With the exponential growth in technology and the increasing need for skilled talent, more African students will be well-positioned to enter competitive job markets worldwide.
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