The fund aims to raise the remaining capital by June 2025.

OAF II builds on the success of Oasis Capital’s previous ventures.

The firm’s first fund, the $11 million Ebankese Venture Fund (EVF), supported SMEs in Ghana.

Their subsequent fund, Oasis Africa Fund I (OAF I), raised $50.5 million and invested across Ghana and Côte d’Ivoire.

Both EVF and OAF I have fully deployed their capital to 21 businesses in various sectors.

Legacy Girls College, Everpure Ghana Water, SINEL Specialist Hospital, and Metropolitan Health are among the Ghanaian businesses that have benefited from Oasis Capital’s investments.

In Côte d’Ivoire, MANSA Bank and PISAM Hospital have also received their support.

“Oasis Capital integrates environmental, social, and governance (ESG) considerations into our investment decisions,” stated Matthew Boadu Adjei, CEO of Oasis Capital Ghana.

OAF II aligns its investments with the United Nations’ Sustainable Development Goals (SDGs), including poverty reduction, improved health and well-being, quality education, gender equality, clean water and sanitation, and sustainable land use.

According to Michael Mensah-Baah, Development Bank Ghana’s deputy managing director, this focus on sustainability was a key factor for investors.

The investor base for OAF II includes prominent names like Development Bank Ghana, Venture Capital Trust Fund, GCB Capital, Stanbic Investment Management Services, and Oasis Capital Ghana itself.