The Mastercard Foundation Africa Growth Fund is an innovative initiative by the Mastercard Foundation, offering a USD$200 million Fund of Funds to support early-stage, growth-oriented small and medium-sized enterprises (SMEs) in Africa. The goal of the fund is to create meaningful employment opportunities for young people, especially young women, on the continent.
History of the Scholarship
The Mastercard Foundation Africa Growth Fund was established with the aim of providing support to early-stage, growth-oriented small and medium-sized enterprises (SMEs) in Africa. Launched in 2024, the Fund of Funds is a significant initiative by the Mastercard Foundation to promote dignified and fulfilling work, particularly for young people, with a specific focus on young women.
This USD$200 million Fund of Funds works through African investment funds, helping to bring in additional capital for African entrepreneurs, especially female entrepreneurs. The Fund aims to strengthen and de-risk African investment funds committed to advancing gender equity in entrepreneurship. By investing in African investment vehicles targeting SMEs and utilizing Gender Lens Investing (GLI) principles, the Fund aims to create a significant impact in promoting decent jobs for women and youth in Africa.
Frequently Asked Question of the Scholarship
2024 Mastercard Foundation Africa Growth Fund FAQs:
Q: What is the Mastercard Foundation Africa Growth Fund?
A: The Mastercard Foundation Africa Growth Fund is a USD$200 million Fund of Funds that supports early-stage, growth-oriented small and medium-sized enterprises (SMEs) in Africa through African investment funds.
Q: Who is eligible for the Mastercard Foundation Africa Growth Fund?
A: To be considered for the fund, you must be a small or medium enterprises (SMEs) owner in Africa.
Q: What are the benefits of the Mastercard Foundation Africa Growth Fund?
A: The Fund provides support to SMEs, applies Gender Lens Investing principles, offers Business Development Services, and targets job creation for women and youth.
Q: How can I apply for the Mastercard Foundation Africa Growth Fund?
A: Interested applicants can apply using the provided link.
For further inquiries or assistance, please refer to the official guidelines or contact the Mastercard Foundation directly.
The Mastercard Foundation Africa Growth Fund is a testament to the Foundation's commitment to supporting economic growth and empowerment in Africa through entrepreneurship.
Eligibility to apply for the 2024 Mastercard Foundation Africa Growth Fund is open to SME owners in Africa. The fund aims to attract additional capital for African entrepreneurs, with a particular focus on supporting female entrepreneurs and advancing gender equity in entrepreneurship.
Benefits of the fund include investments in African investment vehicles targeting SMEs, application of Gender Lens Investing (GLI) principles, Business Development Services (BDS) support for investment funds and portfolio SMEs, and a focus on creating decent jobs for women and youth.
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How to Apply for the Scholarship
Application Process for the Mastercard Foundation Africa Growth Fund:
1. Eligibility: To be eligible for the fund, applicants must be small or medium enterprises (SMEs) owners in Africa.
2. Benefits: The Mastercard Foundation Africa Growth Fund is a bold initiative with a USD$200 million Fund of Funds that supports early-stage SMEs on the continent. It invests in African investment vehicles targeting SMEs, applies Gender Lens Investing (GLI) principles, provides Business Development Services (BDS) support, and aims to create decent jobs for women and youth.
3. Application: Interested and qualified applicants should apply through the provided link.
We wish you the best of luck in your application for the Mastercard Foundation Africa Growth Fund.
To apply for the Mastercard Foundation Africa Growth Fund, interested individuals can submit their applications through the provided link. CLICK HERE TO APPLY
We wish all applicants the best of luck in their endeavors.