Sahel Capital secures investment from Mastercard Foundation Africa Growth Fund
Sahel's Social Enterprise Fund for Agriculture in Africa receives $10 million commitment.
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The Social Enterprise Fund for Agriculture in Africa (SEFAA), managed by Sahel Capital, has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund. The fund is managed by Mennonite Economic Development Associates, Mauritius (MEDA).
This capital injection will allow SEFAA to expand its reach by supporting more agri-SMEs that are financially viable but often excluded from traditional financing.
“Since the inception of the fund in 2021, we have processed 33 facilities to 18 companies in seven countries in sub-Saharan Africa,” said Mezuo Nwuneli, managing partner of Sahel Capital. "This $10 million commitment from the Mastercard Foundation Africa Growth Fund, through MEDA Mauritius, is a testament to our team's hard work and the impactful work we are doing.”
Dorothy Nyambi, president and CEO of MEDA, said: “We are proud to partner with SEFAA and Sahel Capital, whose strategic vision aligns with MEDA’s commitment to advancing economic opportunity through inclusive finance. With the support of the Mastercard Foundation Africa Growth Fund, this collaboration strengthens our shared mission to catalyse job creation for women and youth by financing SMEs and MSMEs, while also helping to build the enabling ecosystems they need to thrive sustainably.”
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