Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Friday, June 20
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Oasis Capital Ghana Secures Initial $33.3 Million Commitment Toward $100 Million West African SME Investment Fund

    Oasis Capital Ghana Secures Initial $33.3 Million Commitment Toward $100 Million West African SME Investment Fund

    0
    By Tapiwa Matthew Mutisi on July 16, 2024 Africa, Business, Funding, Investments, News, Small Businesses, SMEs, Startups

    Oasis Capital Ghana, a fund manager with a focus on West Africa, has successfully garnered $33.3 million in initial pledges towards its ambitious $100 million target for the newly established Oasis Africa Fund II (OAF II). The firm is set to continue its fundraising efforts with the goal of securing the remaining capital by June 2025.

    OAF II is a testament to the firm’s successful track record, following in the footsteps of its earlier funds. Oasis Capital’s inaugural fund, the Ebankese Venture Fund (EVF), which was capitalized at $11 million, provided crucial support to small and medium-sized enterprises (SMEs) within Ghana. Building on this foundation, the subsequent Oasis Africa Fund I (OAF I) amassed $50.5 million and expanded its investment reach to include both Ghana and Côte d’Ivoire.

    The complete deployment of capital from both EVF and OAF I has resulted in investments in 21 diverse businesses across a range of sectors. In Ghana, beneficiaries of Oasis Capital’s investments include Legacy Girls College, Everpure Ghana Water, SINEL Specialist Hospital, and Metropolitan Health. In Côte d’Ivoire, financial support has been extended to institutions like MANSA Bank and PISAM Hospital.

    Matthew Boadu Adjei, the CEO of Oasis Capital Ghana, highlighted the firm’s commitment to incorporating environmental, social, and governance (ESG) criteria into their investment strategy. OAF II is strategically aligned with the United Nations’ Sustainable Development Goals (SDGs), focusing on critical areas such as poverty alleviation, health and well-being enhancement, access to quality education, promotion of gender equality, provision of clean water and sanitation, and sustainable land use practices.

    Michael Mensah-Baah, the Deputy Managing Director of Development Bank Ghana, pointed out that the fund’s emphasis on sustainability has been a significant draw for investors. The investor roster for OAF II features notable entities such as Development Bank Ghana, Venture Capital Trust Fund, GCB Capital, Stanbic Investment Management Services, and Oasis Capital Ghana itself, all of whom are backing the fund’s vision and objectives.

    Related

    Africa Business Funding Investments OAF II Oasis Africa Fund II Oasis Capital Oasis Capital Ghana small businesses SMEs Startups West Africa
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Wave Enters Cameroon with CBC Partnership, Eyes Shakeup in Mobile Payments

    Top 10 Solar Power Projects Accelerating the Clean Energy Transition in Africa

    Best Educational Apps for Kids in 2025: Learning That’s Actually Worth Your Data

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.