The fund will support investment entities struggling to mobilize financing to achieve their objectives.
Last Thursday, Mastercard Foundation announced the launch of a US$200 million fund to support founded-and-based-in-Africa investment entities that are struggling to mobilize resources to reach their goals.
According to one of the media outlets that reported the news, 180 venture capital funds have already submitted investment plans with various stages of commitment, and five of them are in a review phase that could lead to effective financial support. Two of the five funds are managed by women, and they are based in East and West Africa.
The financial support will be provided based on the gender lens investing (GLI) strategy to help advance Mastercard Foundation's Young Africa Works plan, which aims to enable 30 million young Africans to access decent and fulfilling jobs by 2030.
The main partner in the deployment of that initiative is Investisseurs et Partenaires, an “impact investment group dedicated to SMEs based in Sub-Saharan Africa and the Indian Ocean.” It will provide counseling and guidance along with the other partners mentioned in the project.
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...
President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
Highlights: • Kobold Metals signed an agreement in principle with the DRC government on July 17, 2025.• The deal includes the Manono lithium project,...
Highlights: • Global cocoa processing down across all major regions in Q2 2025• ECA: Europe’s grindings at lowest since 2020, Asia at lowest since...
Highlights: • Egypt targets 42% renewable energy share by 2030.• POWERCHINA to build 130-km high-voltage line signed on June 25.• National grid expansion...
Highlights: • EXIM Bank issues letter of intent for $150M to support Botswana's NexMetals• US eyes battery-grade nickel sulphates and cobalt from...
Ashenda is a vibrant traditional festival celebrated primarily in northern Ethiopia, particularly among the Tigray and Amhara communities, as well as in...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...