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:
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.
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 francismuriuki@valorem.co.ke, copying info@frp.org, for more information.
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Okechukwu Liberty is a graduate of Mass Communication and a content writer for AfterSchoolAfrica. He is dedicated to researching scholarship and empowerment opportunities for students looking to study abroad. In his free time, he enjoys watching movies and taking long walks with friends.
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This post was last modified on November 1, 2024 11:48 am