Kora, a leading financial technology company, has announced the creation of an endowment fund to support students at Covenant University, according to a statement by CEO Dickson Nsofor.
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The initiative aims to offer financial aid to deserving students, helping them complete their higher education without the burden of financial difficulties.
The Kora Endowment Fund, amounting to ₦200 million over the next decade, reflects Kora’s commitment to empowering students and promoting educational excellence, with the goal of shaping a brighter future for Africa on a larger scale.
The Fund is designed to create a lasting impact on Covenant University students by:
- Providing Financial Relief: Directly assisting students struggling to cover tuition fees.
- Increasing Access: Ensuring that more students can complete their education, regardless of their financial background.
- Fostering Long-Term Opportunities: Enabling students to develop into high-growth and valued talents in the workforce and business landscape.
Dickson Nsofor, CEO of Kora, said: “We are excited to make this endowment at Covenant University given that it reflects our commitment to empowering young people and fostering a future where education is accessible to those deserving, regardless of financial barriers. We believe investing in education is essential to unlocking opportunities for all as well as creating a brighter future.”
Kora is a pan-African payment infrastructure offering a robust payment API for pay-ins, payouts, conversion, and settlements across popular payment channels. Kora services enable global and local companies to scale rapidly across Africa with a single integration.