8B Education Investments, which built the first platform that connects high-potential African students with world-class colleges and universities and the tools needed to level up their applications and financial options, announced a partnership with Nelnet Bank to originate $30 million of loans over three years.
“Until now, African students have had limited access to global universities with enrollment largely depending on the luck of obtaining a scholarship,” Dr. Lydiah Kemunto Bosire, 8B’s founder and CEO, said in a statement. According to a news release, 8B estimates that the 500,000 African students enrolled in global universities represent 30 percent of students who received offers from such universities.
“Together, we will be able to provide an opportunity to one of the fastest growing student demographics in the world and one that has been overlooked for too long. Nelnet Bank is thrilled to work on this with our colleagues from 8B Education Investments.” “I have spent 35 years evaluating business opportunities. This partnership is one of the most extraordinary I have seen. 8B uses a proven business model to create value and extraordinary impact across Africa and the world. This partnership is an excellent example of how private capital can invest in the future of Africa.”
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