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Mastercard Foundation

$200 million (USD) Mastercard Foundation Africa Growth Fund Launched for Investment Vehicles (IVs) to Catalyze Job Opportunities

Mastercard Foundation Africa Growth Fund Launched for Investment Vehicles

The Mastercard Foundation Africa Growth Fund (MFAGF), a Fund of Funds that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, launched today with a committed $200 million (USD). The goal of the Mastercard Foundation Africa Growth Fund is to enable dignified and fulfilling work for…

US$200 million Mastercard Foundation Africa Growth Fund Launched for IVs to Catalyze Job Opportunities

·    The Fund-of-Funds invests in African investment vehicles targeting small and medium enterprises (SMEs) and applies Gender Lens Investing (GLI) principles. ·    It provides Business Development Services (BDS) support to investment funds and portfolio SMEs. ·    It targets a major boost in decent jobs for women and youth. ACCRA, Ghana, 1 December 2022…

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