Oasis
Capital
Ghana,
a
leading
growth
capital
fund
manager
focused
on
West
Africa,
has
announced
the
successful
first
close
of
its
US$100
million
Oasis
Africa
Fund
II
(OAF
II).
The
fund
has
secured
US$33.3
million
in
capital
commitments
and
expects
to
raise
the
remainder
by
the
end
of
June
2025.
This
latest
fund
builds
on
the
established
impactful
track
record
of
Oasis
Capital
Ghana.
The
firm’s
initial
venture,
the
Ebankese
Venture
Fund
(EVF),
was
a
US$11
million
fund
dedicated
to
supporting
Small
and
Medium
Enterprises
(SMEs)
in
Ghana.
Following
that
success,
Oasis
Africa
Fund
I
(OAF
I)
raised
US$50.5
million
and
invested
in
SMEs
across
Ghana
and
Cote
d’Ivoire.
Both
EVF
and
OAF
I
have
been
fully
invested,
deploying
capital
to
a
total
of
21
businesses
across
various
sectors.
In
Ghana,
some
of
the
businesses
that
have
benefited
from
Oasis
Capital
include
Legacy
Girls
College,
Everpure
Ghana
Water,
SINEL
Specialist
Hospital,
and
Metropolitan
Health.
Meanwhile,
in
Cote
d’Ivoire
MANSA
Bank,
and
PISAM
Hospital
have
also
received
support
from
Oasis
Capital.
This
proven
ability
to
identify
and
nurture
high-potential
companies
positions
Oasis
Capital
Ghana
as
a
trusted
partner
for
investors
seeking
to
contribute
to
West
Africa’s
economic
growth.
Investing
in
the
Future:
Fueling
the
Growth
of
Essential
Services
for
a
Thriving
Middle-Class
OAF
II
will
continue
the
impact-driven
investment
strategy
established
by
its
predecessor
funds.
The
fund
targets
SMEs
in
West
Africa,
with
a
particular
focus
on
Ghana
and
Cote
d’Ivoire.
These
SMEs
operate
in
sectors
critical
to
the
development
of
a
strong
middle
class,
such
as
education,
healthcare,
finance,
housing
&
hospitality,
and
food
services.
By
targeting
businesses
with
innovative
and
scalable
models,
OAF
II
aims
to
not
only
deliver
financial
returns
but
also
contribute
to
a
more
vibrant
and
inclusive
West
African
economy.
While
financial
performance
is
important,
OAF
II
prioritizes
measurable
social
and
developmental
impacts
alongside
financial
returns.
“As
the
fund
manager,
Oasis
Capital
integrates
environmental,
social,
and
governance
(ESG)
considerations
into
its
investment
decisions,”
Matthew
Boadu
Adjei,
CEO
of
Oasis
Capital
Ghana
LTD
said
in
a
statement.
“This
commitment
extends
to
a
focus
on
gender
lens
investing,
actively
seeking
opportunities
to
promote
gender
equality
and
empower
women-led
businesses,”
he
added.
The
success
of
OAF
II
is
fueled
by
a
distinguished
group
of
investors
who
share
Oasis
Capital
Ghana’s
vision
for
West
Africa’s
future.
For
his
part,
Michael
Mensah-Baah,
the
Deputy
Managing
Director
of
Development
Bank
Ghana,
one
of
the
OAF
II
investors,
said
“The
OAF
II
aligns
its
investments
with
the
United
Nations’
Sustainable
Development
Goals
(SDGs)
including
No
Poverty,
Good
Health
and
Well-being,
Quality
Education,
Gender
Equality,
Clean
Water
and
Sanitation,
and
Life
on
Land.”
“This
formed
part
of
the
fund’s
attractiveness
to
include
in
our
investment
portfolio
and
provide
targeted
support
to
the
SMEs
in
Ghana
and
Cote
d’Ivoire,”
he
added.
The
investor
base
includes
prominent
names
such
as
Development
Bank
Ghana,
Venture
Capital
Trust
Fund,
GCB
Capital,
Stanbic
Investment
Management
Services,
ENO
International,
Investcorp
Asset
Management,
CAL
Asset
Management,
PETRA
Advantage,
PETRA
Opportunity,
Data
Bank
Asset
Management,
Standard
Pensions
Trust,
and
Oasis
Capital
Ghana
itself.
Leading
the
fund
is
a
team
with
over
70
years
of
combined
experience
in
private
equity,
investment
banking,
and
operations,
both
in
Africa
and
globally.
This
blend
of
experience
and
strategic
partnerships
positions
OAF
II
for
exceptional
performance.
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