8B Education Investments launches $111,600,000 initiative to Finance African Student Education - New York Amsterdam News

  • 📰 NYAmNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 269. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa and New York business in Manhattan - New York Amsterdam NewsFilm maker, director, publisher and business visionary Anthony Abulu planned his NYC African Expo at the Marriott Marquis for a year.
Source: NYAmNews - 🏆 269. / 63 Read more »