Are you a small or medium-sized enterprise (SME) owner in Africa looking to take your business to the next level? Then the Mastercard Foundation Africa Growth Fund might just be the catalyst you need for success! This bold initiative, with a staggering USD$200 million Fund of Funds, is dedicated to supporting early-stage, growth-oriented SMEs across the continent.
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Mastercard Foundation Africa Growth Fund
The Mastercard Foundation Africa Growth Fund is a massive USD$200 million Fund of Funds designed to support early-stage, growth-oriented SMEs across Africa. This unique model works through African investment funds to provide you with the resources and connections needed to thrive.
The fund’s mission is not just about business success – it’s about creating dignified and fulfilling work for young people, especially young women. By investing in female entrepreneurs and SMEs with strong gender equity practices, the Mastercard Foundation is nurturing a more inclusive and prosperous future for Africa.
Who Can Apply?
To be considered for the program, you must be a small or medium-sized enterprise (SME) owner based in Africa. The fund seeks to support entrepreneurs who are committed to driving growth and creating sustainable job opportunities on the continent.
What Are the Benefits?
- Financial Support: With a USD$200 million Fund of Funds, the program provides vital financial resources to fuel the growth of SMEs.
- Gender Lens Investing: The fund applies Gender Lens Investing (GLI) principles, ensuring that investments contribute to gender equity and empower women in entrepreneurship.
- Business Development Services: Beyond funding, the program offers Business Development Services (BDS) support to both investment funds and portfolio SMEs, helping them thrive in competitive markets.
- Job Creation: By targeting SME growth, the initiative aims to generate a significant increase in decent job opportunities for women and youth across Africa.
How Does the Mastercard Foundation Africa Growth Fund Work?
- The fund operates as a Fund of Funds, investing in other African investment vehicles that target promising SMEs.
- These investment vehicles must apply Gender Lens Investing (GLI) principles, ensuring a focus on empowering women entrepreneurs.
- Beyond financial support, the fund also provides Business Development Services (BDS) to both the investment funds and their portfolio companies, equipping them with the tools and knowledge for success.
How to Apply
- The deadline for applications is not specified.
- Interested SME owners can apply by visiting the Mastercard Foundation’s official website.
- After reading the application requirements in detail on the Mastercard Foundation’s website, click here to fill out the application form.
Don’t miss out on this incredible opportunity to propel your SME towards success with the Mastercard Foundation Africa Growth Fund. Remember to connect with relevant investment funds and explore their application processes to see if there’s a perfect match for your business aspirations.
For more information, visit the Mastercard Foundation website.
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