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ABOUT MASTERCARD FOUNDATION
Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. Through its Young Africa Works strategy and Canadian EleV program, the Foundation works with partners to ensure that millions of young people, especially young women, access quality education, financial services, and dignified work. Mastercard Foundation was established in 2006 through the generosity of Mastercard when it became a public company. The Foundation is independent with its own Board of Directors and CEO.
THE WORK AT THE FOUNDATION
We are currently in an exciting period at the Mastercard Foundation as we intensify the implementation of the Young Africa Works strategy, aiming to empower 30 million young people throughout Africa to access dignified and fulfilling employment.
To ensure the Foundation’s accessibility to our partners and program participants, we have established offices in Rwanda, Kenya, Ghana, Senegal, Ethiopia, Nigeria, and Uganda. These offices provide strong in-country support for the implementation of Young Africa Works. We collaborate with governments, the private sector, educators, and other funders to enhance the quality of education and vocational training, equip young individuals with the necessary skills for the workforce, expand access to financial services for entrepreneurs and small businesses, and facilitate connections between job seekers and meaningful employment opportunities.
Our values serve as our guiding principles, transcending and surpassing all other considerations. We wholeheartedly encourage you to bring your bold ideas, curiosity, and expertise to your work.
If you are an experienced investment Professional looking to increase your impact, read on!
THE OPPORTUNITY
Over the last decades, targeted investment has become a key driver of economic development, societal change, and job creation. To accelerate the Mastercard Foundation’s mission towards Young Africa works – 30 million young Africans – particularly women – have dignified and fulfilling work – and towards an ecosystem in Africa that sustainably creates enables jobs, the Foundation has established the Africa Catalytic Impact Fund (ACIF) to enable dignified and fulfilling work opportunities for millions of young people. This will be achieved through building and scaling ‘African champions’ – growing entrepreneurs / enterprises with high growth potential and established entrepreneurs / enterprises that employ young people at scale.
The investment objectives include to:
Create a large cohort of African champions (mid to larger size enterprises):
Catalyze significant projects that will spur equitable and sustainable economic activity and create access to entrepreneurship and work opportunities in key sectors:
To successfully set up and run the facility, Africa Catalytic Impact Fund (ACIF) is looking to recruit a Senior Investment Director reporting to the Executive Director of Pan-African Program. The Senior Investment Director will play a pivotal role in the build out of Africa Catalytic Impact Fund (ACIF). The position, which will be based in one of the Foundation’s Africa countries (Ethiopia, Ghana, Kenya Nigeria, Rwanda, Senegal, or Uganda) offers the chance to work across key sectors, multiple clients, and investment activities. As a core team member, you will be instrumental in shaping the future of ACIF, the clients and companies, and the African youth we serve. The expected start date is as soon as possible for 24-36 months.
WAYS YOU CAN CONTRIBUTE
WHO YOU ARE
Deadline for Applications is February 22, 2024.
Mastercard Foundation (the “Foundation”) values and respects your privacy. By submitting an application for this opportunity, you hereby agree to the Foundation’s collection, use and disclosure of your personal information in accordance with its Privacy Policy (available at https://mastercardfdn.org/privacy/). Please note that the Foundation may share your personal information with third-party agencies that support the Foundation’s recruitment activities, and such third-party agencies may contact you directly regarding this opportunity. If you have any questions or concerns, please contact the Foundation’s Privacy Officer at the address indicated in its Privacy Policy.
The Mastercard Foundation values the unique skills and experiences each individual brings to the organization and we are committed to creating and maintaining an inclusive and accessible environment for everyone.
Completion of satisfactory business references and background checks are essential conditions of employment.
For more information and to sign up for the Foundation’s newsletter, please visit http://www.mastercardfdn.org/
Follow the Foundation on Twitter at @MastercardFdn
NB: To avoid missing email communication about your application, please check your spam/junk folder and mark our emails as “not junk”.
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