Mastercard Foundation Africa Growth Fund Calls for Expression of Interest: Seeking Business Development Service Providers
The Mastercard Foundation Africa Growth Fund is an ambitious initiative, a Fund of Funds worth USD$200 million, that collaborates with African investment funds to assist early-stage, growth-oriented small and medium-sized enterprises (SMEs) across the continent.
Expression of Interest: Seeking Business Development Service Providers for Mastercard Foundation Africa Growth Fund
The Mastercard Foundation Africa Growth Fund, in collaboration with a consortium of partners, including Mennonite Economic Development Associates (MEDA), Investisseurs & Partenaires (I&P), ESPartners (ESP), Genesis Analytics, Criterion Institute, and Africa Communications Media Group (ACG), is issuing a call for Expression of Interest.
In order to realize our vision, our partner Entrepreneurial Solutions Partners (ESP) is actively searching for inclusive and innovative Business Development Service (BDS) providers based in Uganda, Rwanda, Kenya, Ethiopia, Senegal, Ghana, and Nigeria.
Objective
The primary objective of the Mastercard Foundation Africa Growth Fund is to create meaningful and fulfilling employment opportunities for young individuals, with a particular focus on young women.
The Fund of Funds acts as a catalyst, attracting additional capital for African entrepreneurs, especially female entrepreneurs. It strengthens and mitigates risks for African investment funds dedicated to promoting gender equality in entrepreneurship.
Scope
The Fund-of-Funds initiative will contribute to the advancement of the Mastercard Foundation’s Young Africa Works strategy, which aims to empower 30 million young people in Africa, particularly young women, to access dignified and fulfilling work by 2030.
This week marked a key milestone for the Mastercard Foundation Africa Growth Fund (the Fund) as it announced the growth of its investment portfolio from two funds to five at SuperReturn Africa in Cape Town. The Fund’s new investments in Chui Ventures, VestedWorld, and SME Impact Fund aim to catalyze economic transformation across the continent through African-owned and operated investment vehicles.
Some of the fields of intervention are the following:
- Business model
- Revenue model
- Digital transformation
- Digital audit and optimization
- Financial management
- Capital raising
- Taxation
- Legal
- Marketing / Digital Marketing
- Sales
- Leadership
- Human Resources
- Operation
- Distribution
- Impact Measurement and Management
- Environmental, Social, and Governance (ESG)
