Mastercard Foundation Africa Growth Fund 2023

 

 

 

 

About MasterCard Foundation

The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. All people, no matter where their starting point in life, should have an equal chance to succeed. We believe that with access to education, financial services, and skills training, people can have that chance. Our focus is helping economically disadvantaged young people in Africa to find opportunities to move themselves, their families, and their communities out of poverty to a better life

 

 

Africa Growth Fund

• Category Entrepreneurs
• Organisation MasterCard Foundation
• Country to study–
• School to study–
• Course to study Not specified
• Application Deadline Not Specified

 

 

Aim and Benefits of Africa Growth Fund

The Mastercard Foundation Africa Growth Fund seeks to provide young people, especially young women, with access to respectable and worthwhile employment. The Fund-of-Funds acts as a catalyst by enhancing and reducing the risk associated with African Investment Vehicles that are dedicated to advancing gender equity in entrepreneurship.

 

 

Requirements for Africa Growth Fund Qualification

The MFAGF fund, which is run by female African fund managers and supports various fund structures and instruments, will play a transformative role for the first time. In order to overcome some of the obstacles, such as local currency risk, the fund also aims to make it easier to raise large amounts of capital from African investors.
More women-led funds, which presently make up the majority of the pipeline, and promoting more patient capital into different investment vehicles are the two primary pillars the MFAGF strives to support.

Many of the frameworks used were developed by The Criterion Institute, and it will support investment vehicles in their efforts to apply and uphold a strong gender perspective in all investment decisions. In addition to providing funding, the effort will also provide technical and qualitative support, including guidance on establishing HR rules and best practices for corporate governance within the funds and its ensuing portfolio firms.

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. If you MANAGE A FUND and want to get involved, we invite you to learn more about us and submit an application.

 

Application Deadline

Not Specified

 

How to Apply

For more details, visit Mastercard Foundation website

 

 

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