Makerere University has signed US$20,989,965.15 contract with MasterCard Foundation to sponsor 1000 students who are academically bright but economically disadvantaged youth from Africa to study at Makerere University from 2013 to 2023. The contract, signed by Makerere University Vice Chancellor Prof. John Dumba- Ssentamu and Peggy Woo of MasterCard Foundation, was officially exchanged on 1st September 2015 at a ceremony in Senate building, Makerere University.
According to Dr. Florence Nakayiwa, the Coordinator of Makerere University - MasterCard Foundation Program, this project will help in developing the next generation of African Leaders and also promote the strategic objectives of Makerere University and MasterCard Foundation in contributing to Africa's higher education sector and development.
