BusinessStartup and Funding

Ignite Your Business: Apply Now for the Mastercard Foundation Africa Growth Fund for SMEs (USD$200 Million Fund)

1 Mins read

Ignite Your Business: Apply Now for the 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.

Eligibility Requirements 

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

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.

Deadline: Not Specified 

Click HERE to Apply

Source: Msmeafricaonline.com

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