Binance Charity Foundation Signs Memorandum of Understanding With Ugandan NGO

NEWS

Binance Charity Foundation (BCF), the charity arm of major crypto exchange Binance, has signed a Memorandum of Understanding (MoU) with Safe Future, a non-governmental organization (NGO) in Uganda focused on local education improvements. Binance announced the development in an official blog post on May 30.

The Binance for Children Special Impact Education Project Uganda reportedly aims to provide a number of new supplies to schools in Uganda, such as solar panels, sanitary pads, school supplies, LED screens, as well as breakfast and lunch for students.

According to the CEO of Safe Future, Mula Anthony, these developments will reach 100,000 students and 160 schools in the region. As shared in an official Twitter post shared on May 28, Anthony said the project has begun with the installation of lighting kits in two Kampala schools.

As previously reported on Cointelegraph, the BCF previously launched its pilot charity campaign “Lunch for Children” with the stated aim of providing breakfast and lunch to students in Kampala throughout 2019. As per the recent announcement, the project has since expanded to include 10 schools in Kampala and Jinja. The charity arm of Binance reportedly intends to ultimately aid one million students in Africa, in countries such as Rwanda, Kenya, and Ethiopia.

In April, the BCF opened a cryptocurrency donation channel to fund the rebuilding of the Notre Dame cathedral. The program, called “Rebuild Notre-Dame,” had received thousands of dollars via bitcoin (BTC), ether (ETH), and Binance’s internal token Binance Coin (BNB).

Source: cointelegraph