Africa Growth Fund | Mastercard Foundation

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.

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Status

active

Period

2022-04-07 - 2027-03-31

Countries

The Mastercard Foundation Africa Growth Fund is a five-year program aimed at enhancing access to finance for businesses with a high potential for job creation, resulting in greater rates of employment, better pay, and more stable livelihoods for young people, especially young women.

The target is to provide capital to at least 20 gender-diverse African Investment Vehicle (IVs) teams to invest in a minimum of 200 small- and medium-sized enterprises (SMEs) in priority sectors. The overall goal is to unlock access to 250,000 or more work opportunities directly and indirectly. The Fund takes an ecosystem approach to African impact investing and fostering the growth of investment teams registered to, and based on, the continent. 

To learn more about the Africa Growth Fund, please visit their website.

  • Female and male illustration in black line work.

    20

    Aiming to provide capital to at least 20 gender-diverse African Investment Vehicle (IVs) teams.

  • Chair and desk icon in black line work

    200

    Invest in a minimum of 200 small and medium-sized enterprises (SMEs).

  • Group of young people illustration in black line work

    250,000

    Aiming to unlock access to 250,000 or more work opportunities for young people.