Oasis Capital Ghana, an Accra-based private equity fund manager, has invested an undislosed stake in Legacy Girls College, a private girl’s high school operating in Ghana.

The investment will be made through the Oasis Africa Fund (OAF), a $50m SME-focused investment vehicle targeting scalable businesses in Ghana and Côte D’Ivoire.

Grace Darkwa, Investment Manager at Oasis, added: “we were motivated by the founders’ vision and passion for women’s education, and saw this as an opportunity to back a pioneering business for and by women. We believe that our investment will hasten the school’s growth and influence and make a mark for young women in Ghana”.

Legacy Girls College offers both the local and Cambridge (IGCSE) curricula to young girls in Senior Secondary school, and has seen a significant growth in its brand and enrolment since inception in 2015 due to its affordable high-quality offering.

The school is on track to fulfil its mission to nurture and develop the immense potential of girls, and the OAF investment will finance the expansion of its facilities (classroom, administrative and residential) at its campus in Akuse (E/R).

Matthew Boadu Adjei, CEO of Oasis Capital, said: “Throughout the world we are aware of the benefits an educated woman brings to society, and we are glad to contribute to our country’s development. Our investment in Legacy goes to the heart of our operating thesis, backing businesses in essential services. Nothing is as essential as education in Africa”.

Ellen Hagan, a co-Founder of Legacy Girls College, added: “We are glad to have Oasis as a partner for Legacy Girls College. We believe the school is meeting a real need of many young women and their parents, and so having a financial partner onboard to help us fulfil our vision is wonderful.

Oasis Capital Ghana was established in February 2009 as a growth and venture capital fund manager and currently has offices in Ghana and Cote D’Ivoire.