The Pan-African cryptocurrency exchange and financial technology business Yellow Card has partnered with the Web3Ladies mentorship program to give over 500 Nigerian women the necessary tech and blockchain skills. The program will use a $3,000 grant to do this.
The goal of this partnership, which is based on Yellow Card’s Social Good initiative, is to support financial freedom and equal access to tech resources across Africa.
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Web3Ladies three-month mentorship boot camp
The Web3Ladies mentorship program is a three-month boot camp designed to help designers, coders, and managers improve their jobs in the blockchain industry. It also gives them the tools and tech resources they need to be successful after the training is over.
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Yellow Card’s choice to work with Web3Ladies, a group that focuses on women, shows that it is serious about removing barriers and making it easier for young people across Africa, especially women, to get training and tech resources.
Digital skills will be needed for 230 million Sub-Saharan African employment by 2030. UNESCO reports that 30% of women in the region receive STEM training. This implies that fewer women have the digital skills needed for modern jobs. The Yellow Card Social Good Initiative trains young Africans to fix this digital gap and determine the continent’s future.
Yellow Card’s COO, Jason Marshall, said the company aims to enhance Africans’ lives through partnerships and programs that promote financial inclusion, innovative ideas, and youth empowerment.
“We want to make people’s lives better all over Africa through partnerships and programs that focus on education, innovation, financial inclusion, and giving young people more power,”
He explained why Web3Ladies received $3,000 for their mentorship program, citing the challenges women and girls face in technology and digital literacy education. Jason said, “This is just one of our several efforts under the YC Social Good, our CSR initiatives, which promote inclusion and financial freedom across the continent.”
How Blockchain technology will change African business models
Yellow Card + Web3Ladies
Nigeria has a lot of people who want to start their businesses, but only 15% of tech startup co-founders are women. LongHash did a study in 2018 that showed that only 14.5% of the workers at 100 blockchain startups they looked at were women.
Even though the digital world is a whole of change and opportunity, gender equality still stands in the way of growth. By working with Web3Ladies, Yellow Card is investing in giving more women power, which they think will soon pay off for the African economy.
Net3Ladies’ Associate Program Manager, Nkechi Enebeli, praised Yellow Card’s $3,000 grant, saying it showed their commitment to corporate social duty. She said giving women more power in tech is an investment in the future and emphasised how working together can change things.
“We are very thankful that Yellow Card understood our mission and offered to help us make the tech ecosystem more fair.”
Web3Ladies mentors for three months in four parts. The program includes live seminars and weekly workshops led by on-site mentors. Industry leaders lead blockchain workshops. The programme provides laptops, inverters, and MiFis to graduates with over 500 registered mentees and 200 accepted applications in the current cohort to ensure their success.
Yellow Card has invested much in many projects since its 2019 launch in Nigeria. It supports continental efforts outside Nigeria.
Our philanthropic endeavors include Generation Empower (GenEm) in Tanzania, which educates and empowers adolescents, and a $5,000 contribution to the Purple Skills Klinic Foundation, which empowers youth in Uganda.