Oasis Capital

Oasis Capital is an Accra-based independent private equity firm founded in 2009 by Matthew Adjei (CEO), focused on growth-stage SMEs delivering essential services in West Africa. The firm invests through equity, quasi-equity, and profit-sharing instruments, and has deployed capital across 21 businesses in Ghana and Côte d'Ivoire through its first two funds.

The firm's fund progression tells the growth story: the Ebankese Venture Fund (EVF) started at $11 million, Oasis Africa Fund I (OAF I) scaled to $50.5 million (both now fully invested), and the current Oasis Africa Fund II (OAF II) targets $100 million. OAF I was backed by IFC (up to $7 million, representing a maximum 20% of committed capital), and OAF II's LP base includes Development Bank Ghana, Venture Capital Trust Fund, GCB Capital, Stanbic IMS, ENO International, Investcorp Asset Management, CAL Asset Management, PETRA Advantage, PETRA Opportunity, Databank Asset Management, Standard Pensions Trust, and Oasis Capital itself. The portfolio spans commercial banking (MANSA Bank), hospitals (PISAM, SINEL Specialist Hospital), education (Legacy Girls College), insurance (Sinu Assurances), water (Everpure Ghana Water), retail (Koala Supermarkets), and technology (appsNmobile), with a strong emphasis on ESG integration and gender-lens investing.