Signature(s)
Amount
€ 6,764,183.65
Countries
Sector(s)
Côte d'Ivoire
: € 2,705,673.46
Ghana
: € 4,058,510.19
Services
: € 6,764,183.65
Signature date(s)
29/11/2017 : € 2,705,673.46
29/11/2017 : € 4,058,510.19
Link to source
Data sheet
Other links
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)
- Services - Financial and insurance activities
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.
Related projects
Link to source
Summary sheet
Other links
Data sheet