Call for Applications: Mastercard Foundation Africa Growth Fund For SMEs( USD$200 million Fund )

Call for Applications: Mastercard Foundation Africa Growth Fund For SMEs( USD$200 million Fund )

Mastercard Foundation Africa Growth Fund For SMEs( USD$200 million 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 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.

Also Apply: Call for Applications: LSETF MSME Loan Program (N50,000 – N500,000 per person)

Mastercard Foundation Africa Growth Fund For SMEs Eligibility Requirements 

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

Mastercard Foundation Africa Growth Fund For SMEs Benefits 

  • 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.

Also Apply: Tony Elumelu Entrepreneurship Program for Women 2024 // $5 Million in Funding

Deadline: Not Specified 

Apply here

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