Binance partners AltSchool Africa to equip 500 young Africans with digital skills in 2025

Crypto exchange platform, Binance, has partnered with tech talent acquisition company, AltSchool Africa, to provide full tuition scholarships for 500 young Africans. This was disclosed in a statement by the crypto exchange seen by Technext. 

According to the statement, the collaboration is aimed at addressing the digital skills gap in Africa by offering Africans access to specialised education in various specialized fields. These fields include software engineering, cybersecurity, sales and content creation. The education will also focus on empowering learners with skills that are essential in today’s rapidly evolving job market.

The scholarship scheme will kick off in January 2025 and will run until 31 December. 

It will also enable recipients to participate in AltSchool Africa’s structured programs, designed to foster in-demand digital skills and position African youth for success in a global digital economy. 

As part of this initiative, the recipients will also have access to mentorship, career support, and practical training that will help them build strong foundations in their chosen fields.

Speaking about the development, Spokeswoman for Binance, Samantha Fuller, said the exchange believes that by investing in digital education projects such as this one, it is investing in the future of Africa.

“Through this partnership with AltSchool Africa, we are excited to provide opportunities that will help shape the future of many young students across the continent. Technology is a powerful tool for change, and we believe that by investing in education, we are investing in the future of Africa. Our goal is to empower students to become innovators and leaders in the tech space,” Samantha said.

Binance and AltSchool solving a critical problem

According to the International Finance Corporation (IFC), by 2030, 230 million jobs in Sub-Saharan Africa will require digital skills. Unfortunately, only 2 per cent of the African workforce currently possesses these digital skills. This development is therefore coming at a critical time because by offering these scholarships, Binance and AltSchool Africa say they aim to bridge this huge skill gap and equip young Africans with the expertise needed for the future digital economy.

AltSchool Africa is an education platform whose mission is to help young people across Africa develop digital skills. Speaking about how the partnership helps the company achieve this mission, Head of Global Operations, AltSchool Africa, Nifemi Akinwamide, said it gives the school a platform to reach more young Africans and equip them with requisite skills.

“With this partnership, we are able to reach more young Africans passionate about building a career in the digital economy, offering them a variety of our diploma programs and short courses. We laud Binance for this incredible initiative which will positively impact the lives of hundreds of Africans across the continent,” Akinwamide said.

Binance said this 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, the company said, aligns with its ongoing social impact efforts, where it continues to leverage its resources and platform to build a more inclusive digital economy.

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.

AltSchool recently expanded its footprint beyond Africa when it announced the launch of AltSchool Europe, its European subsidiary. Co-founder and CEO, Adewale Yusuf said the European expansion is aimed at bridging the gap between businesses that are struggling to find the talent they need and individuals that are seeking opportunities to upskill for the jobs of tomorrow.

Speaking about the expansion, Adewale Yusuf, said it will help the tech talent development company bring its solution to a region facing its own unique challenges in tech talent acquisition. 

Eligible Africans can click here to register for the scholarship.

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