Tech
Yellow Card Partners Web3Ladies To Empower Over 500 Nigerian Women In Tech
Eko Hot Blog reports that Pan-African cryptocurrency exchange and financial technology firm Yellow Card, through a $3,000 grant, has teamed up with the Web3Ladies mentorship program to empower over 500 Nigerian women with relevant tech and blockchain skills.
This move 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 tech resources for everyone across the continent.
The Web3Ladies mentorship program is a three-month intensive boot camp designed to train skilled designers, engineers, and managers for the blockchain industry while providing them with the necessary tools and tech resources needed for post-training success.
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The Goal
For Yellow Card, the decision to partner with Web3Ladies, a women-centric organization, was driven by the need to provide greater access to training and tech resources for the burgeoning young population of the continent, particularly females, who face significant barriers.
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, with even fewer girls possessing essential digital skills for the modern workforce in the region.
Yellow Card, through its YC Social Good Initiative, intends to close this gap, equipping and preparing young African talents with the necessary skills required 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 that focus on financial inclusion, youth empowerment, education, and innovation,” said Jason Marshall, Chief Operating Officer of Yellow Card.
Women Empowerment Our CSR
Jason further explained that women and girls face significant barriers to technology and digital literacy education, making it an easy decision to grant Web3Ladies the $3,000 for the mentorship program. “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,” 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 accounted for only 14.5% of the workforce. So, while the digital ecosystem is dynamic and exciting, gender inclusivity remains a growth inhibitor.
Yellow Card, through this partnership, has gone beyond mere words and reiterations of the problem to contribute to the empowerment of more women, an investment they believe will yield overall positive results for the African economy in the near future.
Nkechi Enebeli, Associate Program Manager for Web3Ladies, while commenting on Yellow Card’s $3,000 grant to power their mentorship program, said, “Yellow Card’s commitment to corporate social responsibility is nothing short of remarkable.
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Their partnership reaffirms the belief that empowering women in tech is not just a matter of equality but 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 tech ecosystem”.
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