The Mastercard Foundation Fund for Resilience and Prosperity supports Small and Medium-sized Enterprises (SMEs) across the agriculture, climate adaptation, and digital economy sectors in 20 countries in Sub-Saharan Africa.
When is Application Deadline:
- November 22, 2024
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Tell Me About the Funding:
The Mastercard Foundation Fund for Resilience and Prosperity is a seven-year, US$ 126 million fund that aims to support Small and Medium-sized Enterprises (SMEs) across the agriculture, climate adaptation and digital economy sectors in 20 countries in Sub-Saharan Africa.
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The main objective of the Fund is to unlock enterprise growth and catalyze, scale-up and sustain the creation of dignified and fulfilling work opportunities for young women and men, young people with disabilities and refugee youth.
Which Fields are Eligible:
- Agriculture, Climate Adaptation, Digital Economy
Type:
- Grant and Technical Assistance
Who can Apply for the Mastercard Foundation Agribusiness Challenge Fund:
- SMEs operating in the agricultural sector within Sub-Saharan Africa, with a focus on creating opportunities for young women, young persons with disabilities, and refugee youth.
How are Applicants Selected:
- SMEs will be selected based on their ability to implement solutions within the thematic sectors. Unsuccessful applicants can refine and resubmit their applications.
Which Countries are Eligible:
- Kenya, Benin, Burundi, Botswana, Cameroon, Côte d’Ivoire, DRC, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Uganda, Zambia
Where will the Funding be Taken:
- In one of the 20 focus countries within Sub-Saharan Africa
How Many Fundings?
- Not specified, but SMEs will be selected based on their proposals.
What is the Benefit of the Mastercard Foundation Agribusiness Challenge Fund:
- Grants ranging from US$ 500,000 to US$ 2,500,000 over 3 years, along with tailored technical assistance to scale businesses and generate youth employment.
How Long Will the Funding Last:
- The grant and assistance will be provided over a 3-year period.
How to Apply:
- Apply through the Fund website by the deadline of November 22, 2024.
Visit Funding Webpage for Details:
- Contact Francis Muriuki at [email protected], copying [email protected], for more information.
