Oasis Capital has invested in Joyce Ababio College of Creative Design through its Oasis Africa VC Fund. Joyce Ababio College of Creative Design is a well-known design university college that was established by Ghanaian fashion designer Joyce Ababio and provides tertiary and professional training in fashion and graphic design in Accra and Kumasi (Ghana). The amount invested will enable the school to expand its facilities with a modern campus as well as expand its degree and professional programs to include many creative disciplines targeted at the young African creatives. The amount invested or the stake acquired was not disclosed.
Oasis Capital is a growth and venture capital fund manager that provides risk capital in the form of equity, quasi-equity and profit-sharing facilities to entrepreneurial businesses in West Africa with assets under management of over US$70-million. The firm also offers business development services to its investee companies as an additional value component. Oasis Capital is backed by international development institutions such as the International Finance Corporation (IFC), the European Investment Bank (EIB), Proparco, Norfund and the Dutch Good Growth Fund.