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In May 2006, Mastercard Incorporated held its initial public offering (IPO) that valued it at about US$5.6 billion; [7] as part of the IPO, Mastercard Inc. donated 13.5 million shares, expected to be worth an initial US$600 million (equivalent to US$906.8 million in 2023), to a newly created independent charitable foundation to be named the Mastercard Foundation.
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [34]
The Mastercard International Global Headquarters is an office building located at 2000 Purchase Street in the hamlet of Purchase, New York. It was constructed in the early 1980s as part of a movement of large corporations onto suburban estate settings, and has been called the "architectural jewel of Westchester ".
The Pre-MEST Program is an early-stage training program by MEST in partnership with Mastercard Foundation. The program targets young people with the desire to build their technology and business acumen. By learning the new technical skills needed to start a successful company or add value to existing employers.
The business in Somalia collapsed, but Duale was able to draw on an extensive network of contacts in the Gulf to re-establish the venture, setting up a small office in Ethiopia to serve displaced Somali communities there and in Djibouti. [11] In 1989, Dahabshiil opened its first office in London where a number of Somalis had arrived during the war.
Along with Africa Hall, the UNECA headquarters, the Addis Ababa city hall was one of the two projects designed to demonstrate, in the words of Emperor Haile Selassie, “that it is possible to construct grand buildings here too [in Ethiopia], by erecting a couple of high-profile structures.
Ethiopia Science Technology and Innovation policy ratified in 2012 envisages the creation of a national framework that will define and support how Ethiopia will in future search for, selection, adaptation, and utilization appropriate and effective foreign technologies as well as addressing the establishment of national innovation system.
TechnoServe and the Mastercard Foundation have partnered on an $11.5 million, four-year program beginning in 2011 to help rural young women and men in East Africa transition to economic independence. The Strengthening Rural Youth Development through Enterprise (STRYDE) program delivers a comprehensive package of services including skills ...