VCTF announces USD 30.3M Women-Led Fund

Intending to strengthen female entrepreneurship, Venture Capital Trust Fund (VCTF) has made an announcement regarding the women-led fund’s establishment that comprises of USD 30.3 million. During the launch of USD 100 million Oasis Africa VC Fund II (OAF II), the announcement has been made official by VCTF’s General Manager, Percival Ofori Ampomah.

Underscoring the significance of the empowerment of female entrepreneurs, Percival addressed industry players and partners’ distinguished audience while expressing his excitement towards the newly announced fund which was set by Zinari Women’s Capital.

In a statement, he said, “The women-led fund, I will not let you wait longer. That fund has been established by Zinari Women’s Capital and we’ve put in US$30.3million that is supposed to be put to use.”

“The fund is mostly complete. I think all we are doing is the legal work, and then that fund will start investing. So, it’s already done. And it’s focusing on women-led businesses. So, for the women entrepreneurs here, you are free to approach Zinari,” he added.

As part of a larger celebration which was marking the first close of OAF II, the announcement is a significant milestone in Africa’s venture capital realm.

He said, “This achievement is a testament to the trust and confidence that investors have placed in Oasis Capital’s vision and expertise.”

Emphasising on the OAF II launch, he said that it represents the continuation of a successful partnership between VCTF and Oasis Capital.