The Empower Africa Business Platform is Now Live !!!
The Mastercard and African Development Bank Group (AfDB) launched the “Mobilizing Access to the Digital Economy (MADE) Alliance: Africa” today. Over the next decade, the alliance aims to provide digital access for 100 million individuals and businesses across the continent.
The alliance initially prioritizes the agricultural sector and women’s empowerment.
This year, a pilot program will support three million farmers in Kenya, Tanzania, and Nigeria.
Working with local banks, the program will provide digital identities and access to high-quality seeds and agricultural supplies. The alliance plans to expand to Uganda, Ethiopia, and Ghana in the future.
“Mastercard’s leadership in the MADE Alliance: Africa aims to bring critical digital services to more people,” said Michael Miebach, CEO of Mastercard. “We see Africa’s potential for growth, and this alliance is our way to contribute.”
The alliance leverages each partner’s strengths. The AfDB will invest $300 million in digital infrastructure and incentivize participation.
Mastercard will register 15 million users on its Community Pass platform within five years, creating an interoperable system for various participants.
Launched in 2020, Community Pass connects underserved communities to essential services.
“The AfDB believes Mastercard’s Community Pass can revolutionize agricultural technology adoption in Africa,” said Dr. Akinwumi A. Adesina, President of the African Development Bank Group.
“This alliance expands our reach and impact in building sustainable food systems.”
The MADE Alliance: Africa aligns with the U.S. Digital Transformation with Africa Initiative and the African Union’s Digital Transformation Strategy. The alliance launch took place during the U.S.-Africa Business Forum.
More than six organizations, including Equity Bank, Microsoft, and Heifer International, have joined the MADE Alliance: Africa at launch.
The alliance is co-chaired by the African Development Bank Group and Mastercard.

Vantage Capital, a leading African fund manager, has announced the closing of a €14 million mezzanine investment in Société de Production Maraîchère Samir (SPMS), a Moroccan agricultural company.

Injaro Investment Advisors, a Ghanaian private capital fund manager, has announced a $2 million equity investment in Zeepay Ghana Limited, a wholly Ghanaian-owned global mobile finance service (MFS) provider.

Itana and the Africa Finance Corporation (AFC) have entered into a formal partnership to develop Africa’s first digital economic zone.