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Saturday, June 22, 2024

2024 Mastercard Foundation Africa Growth Fund | Step-by-Step Process

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.

Mastercard Foundation Africa Growth Fund Summary

  • Host: MasterCard Foundation
  • Category: CompetitionsTraining 
  • Eligible Countries: African Countries 
  • Reward: USD$200 million Fund 
  • Deadline: Not Specified 
  • Scholarship Alerts: To receive Scholarship Alerts on WhatsApp, Click HERE

Mastercard Foundation Africa Growth Fund Details:

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.

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Eligibility Requirements for 2024 Mastercard Foundation Africa Growth Fund:

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

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.

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How to Apply for Mastercard Foundation Africa Growth Fund:

Interested and qualified applicants should apply using the link below. 

Best Wishes 

Deadline: Not Specified 

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