Release date: 28 August 2017
Promoter – Financial Intermediary
OASIS CAPITAL GHANA LTDLocation
Description
Oasis Capital Ghana is a growth capital fund manager focusing on investments in small and medium-sized enterprises (SMEs) in Ghana and Ivory Coast. The fund has a target size of USD 50m to be invested approximately 60% in Ghana and 40% in Ivory Coast, mainly in the following sectors: education, health, financial services, food services, and housing and hospitality.
Objectives
The fund's investments in fast-growing SMEs are expected to generate strong job creation, especially for the youth and women, as well as attractive financial returns.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 8 million (EUR 7 million)
Total cost (Approximate amount)
USD 50 million (EUR 42 million)
Environmental aspects
The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Procurement
Not applicable.
Status
Signed - 29/11/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).