Oasis Capital, an SME growth investor in West Africa, has exited its investment in Mansa Bank Côte d’Ivoire, a fast-growing bank in Côte d’Ivoire.

This exit marks the first full exit of Oasis in the Francophone 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.

Named after the great Mali Empire of Mansa Musa, Mansa Bank opened its doors in 2020 and has grown rapidly within its 5-year life to become one of the fastest-growing banks in the country.

Mansa Bank also sponsored “JEUNES MANSA”, a seminal TV program aimed at promoting entrepreneurship, which has supported more than 100 young African entrepreneurs. Mansa Bank’s impressive growth has been powered by its strategy of operating a high-quality single-branch model while leveraging the power of technology to pursue growth.

Matthew Boadu Adjei, Founder and CEO of Oasis, said: "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."

The Founder and CEO of Mansa Bank, El-Hassana KABA, stated that “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.”

"OASIS’s participation in Mansa Bank’s capital significantly strengthened the Bank’s financial structure and supported the growth of its activities. We extend our sincere thanks to Matthew and his team for his unwavering support and commitment throughout the partnership."