The Mastercard Agribusiness Fund represents a significant opportunity for Small and Medium-sized Enterprises (SMEs) operating in the agriculture, climate adaptation, and digital economy sectors across Sub-Saharan Africa.
This initiative, established by the Mastercard Foundation, aims to drive enterprise growth and create sustainable employment opportunities for young individuals.
The Mastercard Agribusiness Challenge Fund presents a unique opportunity for SMEs in Sub-Saharan Africa to scale their operations and contribute to economic growth and resilience in the region.
By leveraging innovation and entrepreneurship, this initiative aims to create a positive impact on the lives of young individuals and foster sustainable development.
Interested SMEs are encouraged to apply and seize this opportunity to drive meaningful change in their communities.
In this post, the full details of the eligibility, benefits, timeline, and application procedure will be provided.
Mastercard Agribusiness Fund Abstract
- Host: Mastercard Foundation
- Category: Competitions
- Benefits:
- Training
- $2.5m Business Fund
- Eligibility: 20 Countries
- Deadline: November 22, 2024
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Mastercard Agribusiness Fund Details
The Mastercard Agribusiness Challenge Fund, part of the Mastercard Foundation’s broader initiatives, is designed to promote resilience and prosperity in the region.
Building on the success of previous programs, this fund targets SMEs with innovative solutions that have the potential to drive meaningful impact.
Mastercard Agribusiness Fund Benefits
- Grant sizes ranging from US$ 500,000 to US$ 2,500,000
- Support provided through various interventions, including financial assistance, technical support, investor readiness, and stakeholder engagement
- Focus on creating an enabling business environment to drive systematic change
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Eligible Countries for Mastercard Agribusiness Fund
The Mastercard Agribusiness Challenge Fund targets SMEs in 20 countries across Sub-Saharan Africa, including Benin, Burundi, Cameroon, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and others.
This broad coverage ensures the distribution of solutions that can create sustainable employment opportunities.
Mastercard Agribusiness Fund Requirements
To be eligible for theMastercard Agribusiness Fund, applicants must satisfy the following conditions:
- Must be for-profit SMEs
- Existing Mastercard Foundation partners can apply for different projects
- SMEs can apply across all three sector challenges
- Proposals must demonstrate innovation and commercial viability
- Priority given to solutions creating employment opportunities for young individuals
How To Apply for Mastercard Agribusiness Fund
Interested SMEs can initiate their application process through the following steps:
- Visit the application page via the provided link.
- Register and access the application platform on the Fund website.
- Applications are accepted in English only.
Begin your application by clicking on the button below.
