Oasis AfricaFund (IFC-37988)

  • Ghana
  • Ivory Coast
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 26, 2017

Disclosed by Bank May 9, 2016

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Project Description
Oasis Africa VC Fund is targeting $50 million of commitments to invest in growth SMEs in the West African countries of Ghana (up to 60%) and Cote dIvoire (at least 40%). The Fund plans to complete its first close at the end of June 2016 with at least $20 million of commitments.
Investment Description

Contact Information
Matthew Boadu Adjei Chief Executive Officer Oasis Capital Ghana Limited No. 4A Charlotteville, OIC Road Shiashi, East Legon PO Box CT1169, Cantonments, Accra, Ghana Telephone: +233 302 522624 Fax: +233 302 544011 Email: mailto:info@oasiscapitalghana.com http://www.oasiscapitalghana.com For Inquiries and Comments Abo ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/