The Mastercard Foundation Africa Growth Fund is a daring initiative—a USD$200 million Fund of Funds—that works with African investment funds to promote early-stage, growth-oriented small and medium-sized companies (SMEs) throughout the continent.
Details of the Mastercard Foundation Africa Growth Fund 2024
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.
Eligibility Requirements for the Mastercard Foundation Africa Growth Fund 2024
To be considered for the fund, you must be a small or medium enterprises (SMEs) owner in Africa.
Also Apply: Tyre Serviceman Learnership Programme for South Africans 2024
Benefits of the Mastercard Foundation Africa Growth Fund 2024
- 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.
How to Apply for the Mastercard Foundation Africa Growth Fund 2024
Interested and qualified applicants should apply using the link below.
Deadline: Not Specified
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