Binance Charity and Utiva award tech scholarships to 1,000 Africans

Binance Charity, the non-profit arm of global cryptocurrency exchange Binance, and Nigerian technology training firm Utiva have selected 1,000 Africans for scholarships to the latter’s one-year intensive skill training program.

The program began on Jan 29 and aims to make applicants employable in today’s digital world.

The details

• Binance Charity first announced its partnership with Utiva in October 2022, intending to train over 50,000 African youth on software development and blockchain technology for a year.
• At the time, Binance stated its plans to offer these 1,000 scholarships through its scholar program.
• The two companies have now selected 1,000 Africans between 18 and 35 years across 19 countries for the scholarship program.
• “The [program] includes students across Nigeria, Senegal, Ghana, Cameroon, South Africa, Rwanda, Kenya and more,” a statement shared with Mariblock reads.
• The training will be beginner friendly, and some of the skills available for learning via Binance Academy include cloud computing, web development and blockchain modules.
• The students will be awarded NFT certificates at the end of the program as proof that they completed the program.

Key quote

Head of Binance Charity Helen Hai said:

“We’re celebrating the 1,000 students selected for full scholarships as part of our Binance Charity scholar program. This is our most ambitious education outreach to date in the region, and the [overwhelmingly] positive response further bolsters Africa as a key hub for emerging tech talent. We’re so excited for these young people as they embark on an exciting new career journey.”

Zoom out

• Earlier in January, the charity noted that it raised over $2.2 million in Binance USD stablecoin through donations for its philanthropic projects in 2022 across countries such as Nigeria, South Africa, Senegal, Australia and several European nations.
• There is, however, no available data on how much of its own money the crypto exchange has poured into these charity projects.
• Binance reportedly earned over $20 in revenue in 2021.