Africa Growth Fund
The Mastercard Foundation partnered with Mennonite Economic Development Associates (MEDA), I&P (Investisseurs & Partenaires), and ESP (Entrepreneurial Solutions Partners) to launch the Mastercard Foundation Africa Growth Fund.
Status
active
Period
2022-04-07 - 2027-03-31
The catalytic Fund-of-Funds initiative will help close the financing and support gap on the impact investing space in Africa to enable dignified and fulling work opportunities for youth, particularly young women. It will achieve this by introducing additional capital for African entrepreneurs, particularly females, by strengthening and de-risking African investment vehicles committed to advancing gender equity in entrepreneurship.
The Mission
To close the financing and support gap in the impact investing space in Africa. This will be achieved by elevating and diversifying the reach of African-owned and African-led Investment Vehicles that fund growth-oriented small- and medium-sized enterprises in sub-Saharan Africa, with the objective of creating employment opportunities for youth, particularly young women.
The Vision
To create additional work opportunities in sub-Saharan Africa for young people, particularly for young women, and to significantly contribute to shaping the engagement of the African impact investing ecosystem.