Kora launches ₦200 million student endowment fund at Covenant University

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LAGOS, Nigeria, October 2024 – Kora, a leader in the financial technology sector, announced the establishment of an endowment fund to support students at Covenant University. This initiative aims to provide financial assistance to deserving students, ensuring they can complete their higher education without financial constraints.

The Kora Endowment Fund, which is ₦200 million over the next ten years, is an investment that emphasizes Kora's dedication to empowering students and fostering educational excellence for the purpose of building a greater future at scale in Africa.

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.
Kora and Covenant management team

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.”

About Kora

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.

About Covenant University

Covenant University, the No. 1 university in Nigeria and West Africa, is dedicated to raising a new generation of leaders for the African continent. With a holistic, integrated learning curriculum focused on human development, the university equips students to make meaningful contributions and drive positive change in society. Through its commitment to excellence and innovation, Covenant University prepares students to excel in their chosen fields.