Boost for East African job creation
DEVELOPMENTBy BiztechAfrica - Oct. 11, 2012, 5:35 a.m.
Samasource, an initiative creating online jobs for marginalised people, has received a USD7.3m boost.
Samasource has successfully closed a USD7.5 million philanthropic funding round led by the MasterCard Foundation, with participation from existing funders, including the California Endowment, the US Department of State and the Dutch Postcode Lottery/Oxfam Novib. The MasterCard Foundation is leading this round with an investment of nearly USD5.3 million.
This will allow Samasource to significantly broaden its impact by developing additional features to scale its proprietary microwork platform, the SamaHub. The funding will also support Samasource’s network of delivery partners to train 10,000 East African youth and provide direct employment to over 4,000 young people living in slums and peri-urban areas in Kenya and Uganda.
“We are grateful to receive this investment from some of the world’s leading philanthropic funders,” said Leila Janah, founder and CEO of Samasource. “The capital generously provided enables us to serve more marginalized women and youth than ever before and expand into new areas, including the United States. With this support, we will dramatically change the lives of thousands of poor women and youth by providing them with what they want most—paying work.”
To date, Samasource has connected more than 3,000 marginalized people in nine countries to paying work—totaling over USD2 million in wages.
Samasource’s award-winning microwork model brings free, specialized technology training and paid digital work to poor women and youth around the world. This enables people to gain skills, earn a living wage and break the cycle of poverty for themselves and their families. 75% of Samasource workers move up to higher-paying work or higher education.
MORE DEVELOPMENT NEWS
Kenya Power eyes fibreglass poles to lower electricity transmission costsKenya Power plans to roll-out fibreglass poles in place of wooden poles, to reduce the cost of maintenance. Read More
MWH Global names Ethiopia Country ManagerMWH Global has hired Moghes Ayalew Mekonen as the country manager for its operations in Ethiopia. Read More
Can technology help keep the lights on in Africa?By using modern ICT tools smartly, energy utilities could be keeping the lights on, says Ashley Boag, Head: Energy and Natural Resources at SAP Africa. Read More
Samsung hands over Digital Village in SASamsung Electronics has officially handed over a Digital Village at Cosmo City in South Africa, to provide the community with much-needed education and health services. Read More
World Bank approves DRC hydropower grantThe World Bank has approved a $73.1 million grant to the Democratic Republic of Congo for the Inga 3 Basse Chute (BC) and Mid-size Hydropower Development Technical Assistance Project. Read More
$870m financing agreements signed for biggest clean energy project in AfricaThe Lake Turkana Wind Power Project meant to add an existing 300MW of reliable, low cost wind energy to the national grid of Kenya reached a critical milestone following the signing of the financial agreements in Nairobi, Kenya. Read More
SEFA, partners launch clean energy competitionThe Sustainable Energy Fund for Africa is co-organising the Africa Forum for Clean Energy Financing (AFRICEF-3) Business Plan Competition to identify and nurture companies with green ambitions in Africa, and serve as a conduit between them and financiers. Read More
Education summit to focus on infrastructureThe West and Central African Research and Education Network (WACREN) conference 2014, takes place in Lome, Togo, this week. Read More
Samsung solar powered internet school for DRCA Solar Powered Internet School handed over in Kinshasa is expected to improve learning and education through the use of ICTs. Read More
FEATURED STORYKenyan shift to Green Economy would generate USD 45bn by 2030
Kenya’s transition to a green economy could produce major economic benefits equivalent to an estimated USD 45 billion by 2030, a new study shows.
BEST READ NEWS
IN DEPTHE-waste threatens Ghana’s beaches
Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.