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OASIS AFRICA SME FUND

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
OASIS AFRICA SME FUND
Other links
Summary sheet
OASIS AFRICA SME FUND
Parent project
ACP & OCT GLOBAL AUTHORISATION VII

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.

Related projects
Parent project
ACP & OCT GLOBAL AUTHORISATION VII
Link to source
Summary sheet
OASIS AFRICA SME FUND
Other links
Data sheet
OASIS AFRICA SME FUND

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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