The DBSA, through the National Jobs Fund, had approved a R146 million grant towards the initiative and Microsoft had matched this funding.
At the launch of the 4Afrika initiative, Microsoft SA MD, Mteto Nyati said that the multi-million dollar project would focus on one key area in South Africa: unemployment.
“We are 19 years into our democracy…the only thing that can ruin this miracle (of South Africa)..is the huge problem of unemployment amongst the youth,” Nyati said at the time.
Amongst the intiative’s goals of developing apps and boosting startups, Micrsoft highlighted its aim to employ 3,000 graduates within its ecosystem.
Microsoft aims to see 75% of students in the initiative retain full-time employment at the end of a 12-month contract.