The Fund is a visionary initiative driven by the Mastercard Foundation, orchestrated in partnership with the Mennonite Economic Development Associates (MEDA) and a dynamic consortium of partners. Within this collaborative force, each partner contributes distinct expertise, playing a pivotal role in advancing the program's mission and impact.
The synergy created by these diverse roles ensures a comprehensive and impactful approach towards fostering economic growth and sustainability in Africa.
Mastercard Foundation: Empowering Futures
The Mastercard Foundation collaborates with visionary organizations to empower young people in Africa and Indigenous communities in Canada, facilitating access to dignified and fulfilling work.
As one of the largest private foundations globally, the Mastercard Foundation is dedicated to advancing learning and promoting financial inclusion, striving to create an inclusive and equitable world.
Mennonite Economic Development Associates (MEDA): The Fund Manager
A catalyst for sustainable growth, MEDA takes the lead in managing the Africa Growth Fund, leveraging its extensive expertise in constructing and fortifying sustainable systems that generate decent work for systematically marginalized communities, with a special focus on women and youth.
MEDA's commitment aligns seamlessly with The Fund's mission to foster economic growth and inclusivity across Africa.
Investisseurs & Partenaires (I&P): The Fund Advisor
I&P Identifies Investment Vehicles and Fund Managers who invest in small- and medium-sized African companies that add value to their communities. After careful screening to ensure eligibility for The Fund, they present those Investment Vehicles to the Investment Council for consideration for The Fund.
Genesis Analytics applies their expertise in analysis, technology, and process to collect the data at all levels and stages to support the evaluation of the Mastercard Foundation Africa Growth Fund’s impact.
Africa Communications Media Group (ACG): Communications Partner
As the first African-owned, pan-African agency providing communication solutions structured specifically for the complex and diverse African landscape, ACG provides the overall communication strategy for The Fund.