The Fund is a fund-of-funds designed to reshape investment across Africa with a gender lens and a commitment to equity.
The Mastercard Foundation Africa Growth Fund is a $200 million Fund of Funds shifting who gets to invest, and who gets invested in, across Africa. We back African-owned and African-led investment vehicles through two levers: catalytic capital that strengthens their ability to invest, and strategic business development support that helps them and their portfolio businesses grow with confidence.
The Fund focuses on vehicles investing in women-led and gender-diverse enterprises, especially in regions and sectors where young people, particularly young women, stand to gain the most.
By supporting local fund managers, strengthening investees, and influencing the wider investment ecosystem, the Fund is helping create dignified work, build resilience, and drive inclusive growth across the continent.
Our investment approach focuses on empowering African fund managers to support SMEs, drive job creation, and promote inclusive economic growth.
Beyond capital, we provide strategic support, training, and resources to help fund managers and SMEs scale and succeed.
We offer early-stage funds access to capital, enabling them to build track records and attract further investment.
We prioritize investments that challenge bias, shift power, and create opportunities for women and marginalized groups in Africa’s economy.
