The Mastercard Foundation continues to empower young people across Africa and other developing regions by creating inclusive and transformative opportunities.
Through its flagship Mastercard Foundation Scholars Program, the foundation invests in the education and personal growth of the next generation of changemakers — young people with a deep sense of purpose, leadership, and a desire to give back to their communities.
The 2026/27 academic year brings renewed hope, more partnerships, and expanded pathways for young scholars to access education, mentorship, career development, and funding for innovation.
Launched in 2012, the Mastercard Foundation Scholars Program aims to develop a network of ethical, entrepreneurial, and transformative leaders who drive social and economic progress.
It provides full scholarships to talented yet economically disadvantaged youth — especially in Africa — enabling them to pursue undergraduate and postgraduate degrees at leading universities across the world.
The program not only covers tuition and living costs but also emphasizes leadership development, mentorship, and career readiness.
The Mastercard Foundation Scholars Program is built around several key goals:
The program targets young people aged 18–29 who have demonstrated academic potential, leadership qualities, and a commitment to improving their communities.
Applicants should:
The Mastercard Foundation Scholars Program partners with leading institutions worldwide.
Some of the well-known partners include:
Each university manages its own selection and application process, offering programs tailored to local and global needs.
The Scholars Program is more than just a scholarship — it’s a full ecosystem of empowerment.
Here are the key opportunities available for youth:
1. Full Academic Scholarships
Scholars receive full funding for tuition, accommodation, books, and living expenses. This ensures that financial constraints never limit one’s academic dreams.
2. Mentorship and Leadership Development
Each scholar is paired with mentors and advisors who guide them through academic, professional, and personal growth.
Leadership training workshops help students develop critical thinking, problem-solving, and emotional intelligence.
3. Entrepreneurship Support
The Mastercard Foundation provides entrepreneurial grants and seed funding for innovative student ideas.
Scholars are encouraged to start community-based ventures that create employment and address local challenges.
4. Internship and Career Placement
Through partnerships with top organizations, scholars gain practical experience via internships, job shadowing, and graduate placement programs.
This helps bridge the gap between learning and employability.
5. Alumni Network and Lifelong Support
After graduation, scholars become part of the Mastercard Foundation Scholars Alumni Network (MFAN) — a vibrant community that supports collaboration, career growth, and mentorship for new generations.
6. Digital and Financial Literacy Programs
Recognizing the importance of digital transformation, the Foundation invests in digital learning, innovation labs, and financial inclusion training.
This prepares scholars to lead in the global digital economy.
7. Community Impact Projects
Each scholar is encouraged to undertake a Community Give-Back Project — a hands-on initiative that addresses social or economic challenges in their community.
These projects have reached thousands of beneficiaries across Africa.
Beyond scholarships, the Mastercard Foundation’s vision is to enable 50 million young Africans, especially women, to access dignified and fulfilling work by 2030.
Through initiatives like:
These programs help build resilient communities and sustainable economic growth.
Each partner university manages its own application cycle, typically between October 2025 and March 2026.
However, the general steps are:
💡 Tip: Apply early and prepare strong personal statements that highlight your leadership experiences and community impact.
Thousands of Mastercard Scholars have graduated and are now driving change across the continent:
Their stories continue to inspire a new generation of dreamers and doers
Why the Program Matters
Africa is home to the world’s youngest population, with over 60% under the age of 25. Yet, many lack access to quality education and opportunities.
The Mastercard Foundation Scholars Program bridges this gap by turning potential into progress — equipping youth with the tools to learn, lead, and transform society.
By investing in education and leadership, the Foundation ensures that today’s scholars become tomorrow’s innovators, policymakers, and changemakers.
The Mastercard Foundation Scholars Program remains one of the most impactful youth empowerment initiatives globally.
The 2026/27 cycle promises more chances for young Africans to achieve their dreams, gain global exposure, and make a lasting difference.
If you’re passionate, ambitious, and ready to lead — this is your opportunity.
Apply through: Mastercard Foundation Scholars Program Website
Application Window: October 2025 – March 2026
Eligibility: International and African students, especially from low-income backgrounds
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