The charity branch of the most important crypto exchange in the world, Binance Charity Foundation, has recently decided to sign a Memorandum of Understanding (MoU) with a non-governmental organization (NGO) based in Uganda named Safe Future. The NGO is focused on improving the local education in the country.
This new partnership was originally announced yesterday on the Binance blog after the document was signed. The partnership will be a part of the Binance for Children Special Impact Education Project Uganda.
By uniting with local companies, the idea of this project is that the funds raised by the crypto exchange will be used in order to buy and install several upgrades to the schools such as sanitary pads, LED screens, solar panels, school supplies and food to be used in launch and breakfast for the students.
The money to buy the goods will be the responsibility of the exchange and the local NGO will oversee how the money will actually be spent locally for the schools that need it the most.
Safe Future’s CEO Mula Anthony has affirmed that over 100,000 students will have their lives improved by being a part of this project, which is set to be made in at least 160 schools of the country.
According to Anthony, the project is already underway at the moment. He has spoken about it on social media and affirmed that the people from the NGO have already started the installation of lightning kits on two schools based on the region of Kampala so far.
Soon, it is expected that the project will move forward and all the 160 schools will eventually receive the material, so the signing of the MoU was a huge first step in order to turn this into a reality.
About The Binance Charity Foundation
The Binance Charity Foundation is a charity organization that was created by Changpeng Zhao, the CEO of Binance, last year. The goal is to use the money from donors in order to help especially children in poor countries.
In the future, the main goal is to be able to help at least one million students in African countries such as Uganda, Kenya, Rwanda and Ethiopia.
Before now, the foundation was already engaged in the Launch for Children project. This project had the goal of providing breakfast and lunch for kids at school in the Kampala region. At the time of this report, 10 schools from Kampala and Jinja are already participating in the project.
During April, the foundation also opened a channel that would be used in order to donate money to the reconstruction of the Notre Dame cathedral. As you may have seen on social media, the famous cathedral was severely burned after a fire started there and the fireman had difficulties to stop it quickly.
The program was called Rebuild Notre Dame and it received money via crypto donations with Bitcoin, Ethereum and Binance Coin.