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LGT Venture Philanthropy partners with Harambee to accelerate youth employment

September 10, 2019

New funding to grow jobs and work experiences for work-seekers.

Harambee

September 2019 – Johannesburg – Harambee Youth Employment Accelerator and LGT Venture Philanthropy have entered into a partnership that will support Harambee’s scale up to grow jobs and work experiences for unemployed work-seekers in South Africa and Rwanda.

LGT Venture Philanthropy provides a combination of philanthropic capital and strategic support; partnering with leading organizations to scale their solutions to social challenges and amplify their impact. 

Harambee is a not-for-profit social enterprise with extensive experience building solutions and innovations to tackle the youth unemployment challenge. It partners with businesses, governments, young people and many others who are committed to results that can work at scale. It has worked with over 500 African businesses to pathway youth into more than 125,000 jobs and work experiences. Harambee’s work was recently recognised with the 2019 Skoll Award for Social Entrepreneurship.

Marcia Parada, Investment Manager at LGT Venture Philanthropy said, “Harambee’s experience and track-record in designing effective solutions for unemployed youth positions them well to scale further and play an important role in addressing one of Africa’s most pressing social problems. Harambee is an important addition to our education portfolio in the focus area of vocational training & skills development. We are delighted to accompany them at this critical juncture in their journey.”

Harambee CEO Maryana Iskander added, “We are excited about this partnership with a like-minded social investor. LGT Venture Philanthropy will help us deepen our impact through both financial support and strategic backing, allowing us to expand pathways for youth to secure economic opportunity. These are the types of partnerships that make Harambee’s work tangible and sustainable.”