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    Signature(s)

    Amount
    € 6,764,183.65
    Countries
    Sector(s)
    Ghana : € 6,764,183.65
    Services : € 6,764,183.65
    Signature date(s)
    29/11/2017 : € 6,764,183.65

    Summary sheet

    Release date
    28 August 2017
    Status
    Reference
    Signed | 29/11/2017
    20170077
    Project name
    Promoter - financial intermediary
    OASIS AFRICA SME FUND
    OASIS CAPITAL GHANA LTD
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 8 million (EUR 7 million)
    USD 50 million (EUR 42 million)
    Location
    Sector(s)
    Description
    Objectives

    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.

    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.

    Environmental aspects
    Procurement

    The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    Not applicable.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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