Oasis Capital exits Mansa Bank Côte d'Ivoire
Oasis Capital, an SME growth investor in West Africa, has announced the exit of its investment in Mansa Bank Côte d'Ivoire.
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Oasis Capital, an SME growth investor in West Africa, has announced the exit of its investment in Mansa Bank Côte d'Ivoire. This disposal marks the first full exit of Oasis in the Francophone Africa market and the second of the Oasis Africa Fund I portfolio.
Oasis invested in Mansa Bank in 2021 to strengthen its capital base for operations in Côte d'Ivoire.
The founder and CEO of Mansa Bank, El-Hassana Kaba stated, “The exit of Oasis from the bank’s shareholding structure was mutually agreed upon by both parties. We are grateful for the valuable partnership with Oasis and for the positive contribution made during its time as a shareholder.”
Matthew Boadu Adjei, founder and CEO of Oasis Capital remarked, “We are proud to have partnered with El-Hassana and his team during the early years of Mansa’s life. Africa needs more entrepreneurs like the Mansa team, and our capital is ready to support many more entrepreneurs to the benefit of Africa.”
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