Mastercard Foundation Africa Growth Fund For SMEs. Please ensure you read the grant requirements before applying for this grant.
Call For Applications: Mastercard Foundation Africa Growth Fund For SMEs( USD$200 million Fund )
The Mastercard Foundation Africa Growth Fund represents a pioneering endeavor, boasting a substantial USD $200 million allocation as a Fund of Funds. Its primary mission is to bolster early-stage, growth-driven small and medium-sized enterprises (SMEs) across the African continent.
Read Also: How To Get Back To Work After Long-Term Unemployment
A central aim of the Mastercard Foundation Africa Growth Fund is to facilitate the creation of dignified and rewarding employment opportunities for young individuals, with a particular emphasis on empowering young women.
Operating as a catalytic force, the Fund of Funds serves to attract additional capital for African entrepreneurs, especially those led by women. By doing so, it not only fortifies existing African investment funds but also mitigates risks, thereby advancing the cause of gender equity within the realm of entrepreneurship.
Eligibility Requirements of Mastercard Foundation Africa Growth Fund For SMEs
Applicants must be owners of small or medium-sized enterprises (SMEs) based in Africa.
Benefits:
The Mastercard Foundation Africa Growth Fund, with its substantial USD $200 million endowment, channels its support through African investment funds, focusing on early-stage and growth-oriented SMEs across the continent.
Utilizing Gender Lens Investing (GLI) principles, the Fund of Funds strategically invests in African investment vehicles targeting SMEs, ensuring a gender-sensitive approach to entrepreneurship.
In addition to financial backing, the fund offers crucial Business Development Services (BDS) support to both investment funds and the SMEs within their portfolios.
The overarching goal of the fund is to catalyze significant growth in quality employment opportunities for women and youth. Application Deadline: Not Specified
For those interested in applying, please click HERE.