Mastercard Foundation Africa Growth Fund for African Entrepreneurs 2024

Published: 19 Feb 2024 871 views

The Mastercard Foundation Africa Growth Fund is a bold initiative—a USD$200 million Fund of Funds—that works through African investment funds to support early-stage, growth-oriented small and medium-sized enterprises (SMEs) on the continent.

The Mastercard Foundation Africa Growth Fund’s goal is to provide dignified and fulfilling work for young people, particularly young women.The Fund of Funds is catalytic, helping to bring in additional capital for African entrepreneurs, particularly female entrepreneurs. It strengthens and de-risks African investment funds committed to advancing gender equity in entrepreneurship.

The Fund-of-Funds initiative will help advance the Mastercard Foundation’s Young Africa Works strategy, which aims to enable 30 million young people in Africa, particularly young women, to access dignified and fulfilling work by 2030.

Mastercard Foundation Africa Growth Fund

Application Deadline	Not Specified
Funding Type	Partially Funded
Type	Entrepreneurs
Sponsor	Mastercard Foundation
Gender	Men and Women

Benefits of Mastercard Foundation Africa Growth Fund

• The Mastercard Foundation Africa Growth Fund is a bold initiative—a USD$200 million Fund of Funds—that works through African investment funds to support early-stage, growth-oriented small and medium-sized enterprises (SMEs) on the continent.
• The Fund-of-Funds invests in African investment vehicles targeting small and medium enterprises (SMEs) and applies Gender Lens Investing (GLI) principles.
• It provides Business Development Services (BDS) support to investment funds and portfolio SMEs.
• It targets a major boost in decent jobs for women and youth.

Requirements for Mastercard Foundation Africa Growth Fund

• To be considered for the fund, you must be a small or medium enterprise (SME) owner in Africa.

Application Deadline

Not Specified

How to Apply

Interested and qualified? Go to Mastercard Foundation on www.surveymonkey.com to apply