AltSchool Africa launches $100,000 scholarship fund for 1,000 young Africans in partnership with Bybit

AltSchool Africa, a leading global talent development company, has partnered with Bybit, a prominent name in cryptocurrency and blockchain technology to introduce a $100,000 scholarship fund for 1,000 young Africans. This was disclosed in a statement made available to Technext.

According to the statement, the initiative underscores the companies’ shared commitment to fostering innovation among Africa’s youths. Thus, its focus is on bridging the digital skills gap by empowering African youth with cutting-edge skills vital for the digital age, as well as driving economic empowerment across the continent.

The initiative will provide 1,000 scholarships for young Africans to enroll in AltSchool Africa’s acclaimed Diploma program. This comprehensive curriculum spans high-demand fields such as software engineering, data analytics, product management, and more. Beyond technical training, participants will benefit from mentorship, career counseling, and hands-on project experience, ensuring they emerge as well-rounded professionals ready to compete on a global stage.

Essentially, the program is designed to equip Africa’s youth with the tools to innovate, lead, and contribute meaningfully to their communities and the broader digital economy.

Adewale Yusuf, CEO and co-founder of AltSchool Africa, hailed the partnership as a milestone in the organization’s mission.

“We are incredibly proud to partner with Bybit,” Yusuf said during the announcement. “This sponsorship goes beyond a traditional scholarship program. It represents a shared vision for a future where young Africans are not only tech-savvy but also empowered to lead their communities into a prosperous digital age.”

Yusuf also emphasized that the collaboration aligns with AltSchool’s goal of creating accessible pathways to education and opportunities.

Bybit, known for its leadership in the cryptocurrency space, is positioning itself as a catalyst for social impact through this initiative. Helen Liu, co-founder and COO of Bybit, highlighted the transformative potential of education in Africa.

“Education is a powerful catalyst for change, and Africa’s young population stands to benefit from unprecedented accessibility to technology in this day and age,” Liu stated. “Through our partnership with AltSchool Africa and the establishment of the Bybit Academy, we are committed to providing opportunities that foster growth, innovation, and resilience. Together, we can cultivate a brighter future for our communities and future-proof Africa’s talent for the digital future.”

The $100,000 scholarship fund comes at a pivotal moment as digital skills become increasingly critical in the global marketplace. According to a report by the International Finance Corporation, by 2030, about 230 million jobs in Sub-Saharan Africa will require digital expertise, yet only 2% of the workforce currently possesses these skills. This partnership aims to address that disparity, preparing African youth to meet the demands of tomorrow’s economy while fostering sustainable development.

The collaboration was celebrated with key figures from both organizations in attendance, including Opeyemi Awoyemi, co-founder of AltSchool Africa, and Phoebe Peng, Bybit’s Head of Organization Development. The event underscored the synergy between AltSchool’s educational expertise and Bybit’s innovative approach to technology and social responsibility.
For those interested in applying, detailed program information and application guidelines are available at altschoolafrica.com. The initiative is open to young Africans from across the continent, with eligibility criteria to be outlined on the website.

AltSchool Africa’s recent strides

This partnership with Bybit builds on AltSchool Africa’s growing reputation as a trailblazer in tech education. In December 2024, AltSchool announced a collaboration with Binance, another cryptocurrency giant, to provide full-tuition scholarships to 500 young Africans. Running from January to December 2025, that program offers training in software engineering, cybersecurity, sales, and content creation, further cementing AltSchool’s role in addressing Africa’s digital skills gap.

Additionally, in 2024, AltSchool announced the launch of AltSchool Europe, signalling its official expansion into the European continent. This followed its full accreditation by the Accreditation Service for International Schools, Colleges and Universities (ASIC) earlier in February.

The startup has equally expanded its reach through initiatives like the ₦100 million NYSC Tech Scholarship for Nigerians, launched to support National Youth Service Corps members and recent graduates. This program targets individuals who completed their NYSC within the last two years, are currently serving, or are about to begin, offering them access to diploma programs at a reduced cost. Such efforts highlight AltSchool’s commitment to making education accessible to diverse groups.

Testimonials from AltSchool alumni further illustrate its impact. One graduate, who transitioned from joblessness to a full-time software engineering role at a U.S. company, credited AltSchool with providing “the roadmap and learning experience I wouldn’t have gotten anywhere else.” Another student, now a frontend engineering intern, praised the program for turning their aversion to JavaScript into a career opportunity. These success stories reflect AltSchool’s ability to transform lives and careers.

Since its launch in October 2021, AltSchool Africa has grown into a powerhouse of talent development, offering courses across five schools: Software Engineering, Data, Product, Creative Economy, and Business. Its partnerships with organizations like ayoba, which trains aspiring engineers in South Africa, Nigeria, and Ghana, and its affiliate program rewarding referrals with commissions, demonstrate a multifaceted approach to scaling impact. With Bybit now joining its roster of collaborators, AltSchool Africa is poised to accelerate its mission of equipping Africans for the global digital economy.