Mastercard Foundation Africa Growth Fund for African Entrepreneurs 2024: (Deadline Not Specified)
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.
About MasterCard Foundation
The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. All people, no matter where their starting point in life, should have an equal chance to succeed. We believe that with access to education, financial services, and skills training, people can have that chance. Our focus is helping economically disadvantaged young people in Africa to find opportunities to move themselves, their families, and their communities out of poverty to a better life…. read more…
Mastercard Foundation Africa Growth Fund
| Application Deadline | Not Specified |
| Type | Entrepreneurs |
| Sponsor | MasterCard Foundation |
| Gender | Men and Women |
Aim and 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 Qualification
- 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 applyFor more details,visit OFFICIAL LINK
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