{"id":20552,"date":"2024-07-10T20:45:33","date_gmt":"2024-07-10T20:45:33","guid":{"rendered":"https:\/\/sotnews.agency\/?p=20552"},"modified":"2024-07-11T14:37:03","modified_gmt":"2024-07-11T14:37:03","slug":"oasis-capital-ghana-announces-100m-for-west-african-smes","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=20552","title":{"rendered":"Oasis Capital Ghana announces $100m for West African SMEs"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>3 Minute, 10 Second <\/div>\n\n <\/div>

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.<\/p>\n

This latest fund builds on the established impactful track record of Oasis Capital Ghana. The firm\u2019s 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\u2019Ivoire.\u00a0 Both EVF and OAF I have been fully invested, deploying capital to a total of 21 businesses across various sectors.<\/p>\n

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\u2019Ivoire 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\u2019s economic growth.<\/p>\n

Investing in the Future: Fueling the Growth of Essential Services for a Thriving Middle-Class<\/strong><\/p>\n

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\u2019Ivoire. 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.<\/p>\n

While financial performance is important, OAF II prioritizes measurable social and developmental impacts alongside financial returns.<\/p>\n

\u201cAs the fund manager, Oasis Capital integrates environmental, social, and governance (ESG) considerations into its investment decisions,\u201d Matthew Boadu Adjei, CEO of Oasis Capital Ghana LTD said in a statement.<\/p>\n

\u201cThis commitment extends to a focus on gender lens investing, actively seeking opportunities to promote gender equality and empower women-led businesses,\u201d he added.<\/p>\n

The success of OAF II is fueled by a distinguished group of investors who share Oasis Capital Ghana\u2019s vision for West Africa\u2019s future.<\/p>\n

For his part, Michael Mensah-Baah, the Deputy Managing Director of Development Bank Ghana, one of the OAF II investors, said \u201cThe OAF II aligns its investments with the United Nations\u2019 Sustainable Development Goals (SDGs) including No Poverty, Good Health and Well-being, Quality Education, Gender Equality, Clean Water and Sanitation, and Life on Land.\u201d<\/p>\n

\u201cThis formed part of the fund\u2019s attractiveness to include in our investment portfolio and provide targeted support to the SMEs in Ghana and Cote d\u2019Ivoire,\u201d he added.<\/p>\n

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.\u00a0 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.<\/p>\n

Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n

Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/a><\/strong><\/em><\/p>\n

No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n

The post Oasis Capital Ghana announces $100m for West African SMEs<\/a> appeared first on Citinewsroom – Comprehensive News in Ghana<\/a>.<\/p>

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"

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… <\/p>\n","protected":false},"author":1,"featured_media":20683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-20552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20552"}],"version-history":[{"count":1,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20552\/revisions"}],"predecessor-version":[{"id":20684,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20552\/revisions\/20684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/20683"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}