Oasis Capital, a prominent growth equity investor focused on small and medium-sized enterprises (SMEs) in West Africa, has officially exited its investment in Mansa Bank Côte d’Ivoire. This transaction represents a significant milestone for the firm, as it marks Oasis Capital’s first full exit in the Francophone Africa region and the second successful exit from its Oasis Africa Fund I portfolio.
Oasis Capital initially invested in Mansa Bank in 2021, with the strategic objective of reinforcing the bank’s capital base to support its operational expansion and financial services delivery in Côte d’Ivoire. The investment played a key role in strengthening the bank’s foundation during a critical phase of its growth.
The exit was described as a mutually agreed-upon decision between Oasis Capital and Mansa Bank’s leadership. Commenting on the development, El-Hassana Kaba, Founder and CEO of Mansa Bank, stated:
The exit of Oasis from the bank’s shareholding structure was mutually agreed upon by both parties. We are grateful for the valuable partnership with Oasis and for the positive contribution made during its time as a shareholder.
Reflecting on the partnership, Matthew Boadu Adjei, Founder and CEO of Oasis Capital, remarked:
We are proud to have partnered with El-Hassana and his team during the early years of Mansa’s life. Africa needs more entrepreneurs like the Mansa team, and our capital is ready to support many more entrepreneurs to the benefit of Africa.
This exit underscores Oasis Capital’s commitment to nurturing high-potential African enterprises and delivering impactful investment outcomes. It also highlights the firm’s growing presence and influence in Francophone West Africa, a region increasingly recognized for its entrepreneurial dynamism and investment opportunities.
