Mastercard Foundation Africa Growth Fund (US$200 Million)

The Mastercard Foundation Africa Growth Fund strives to bring real economic growth to the continent.

By providing capital and business development services to Investment Vehicles and the small- and medium-sized enterprises (SMEs) in their portfolio of companies, particularly those guided by gender-equity principles.

Employment — and more specifically, formal employment — is a leading pathway out of poverty for families. Our goal is to support Africa’s economic growth by creating dignified and fulfilling work for young people, particularly young women, in sub-Saharan Africa.

Our innovative and proactive approach will help the continent achieve its development agenda and the UN Sustainable Development Goals, as well as reshape the African impact investing ecosystem to encourage investment by decreasing risk.

The Africa Growth Fund DOES NOT invest directly in small and medium-sized enterprises. Instead, it provides capital to selected Investment Vehicles, which then distribute funding to businesses that meet their criteria.

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Application

Registration for the fund is ongoing

Visit Mastercard Foundation Africa Growth Fund webpage for more details and how to apply

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