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Creating national SME champions in Senegal

Oyass Capital

Senegal

Sustainable Development Goals (SDGs) targeted

Innpact United Nations Sustainable Development Goal #3 Good Health and Well-Being Innpact United Nations Sustainable Development Goal #6 Clean Water and Sanitation Innpact United Nations Sustainable Development Goal #7 Affordable and Clean Energy Innpact United Nations Sustainable Development Goal #8 Decent Work and Economic Growth Innpact United Nations Sustainable Development Goal #9 Industry, Innovation and Infrastructure Innpact United Nations Sustainable Development Goal #12 Responsible Consumption and Production

Description of the Project

Oyass Capital is a pioneering impact investment fund dedicated to empowering Senegalese small and medium-sized enterprises (SMEs) with strong social, economic, and environmental potential. With a $90m commitment and an investment strategy focused on equity and quasi-equity instruments, Oyass Capital supports SMEs across sectors that demonstrate strong potential for inclusive growth, innovation, and impact—particularly in terms of job creation, economic inclusion, and sustainable development.

Structured by Innpact in partnership with FONSIS (Sovereign Strategic Investment Fund of Senegal), KfW and the World Bank, Oyass Capital represents a landmark blended financial instrument tailored for Senegal’s private sector. The fund is professionally managed by the experienced local impact funds manager SEAF, bringing global impact investment expertise to local entrepreneurs.

Signing Ceremony OYASS

Innpact contribution

As Fund Structurer and ongoing service provider, Innpact guided the full structuring of Oyass Capital—designing its legal framework, governance, financial model, impact measurement and management and blended-finance architecture. Innpact further supported the initiators of the Fund Manager through an international competitive bidding process.

Project Factsheet

  • Name: Oyass Capital
  • Inception: January 2024
  • Domicile: Senegal
  • Initiators: Fonsis, KfW, World Bank
  • Fund Manager: SEAF
  • Sector: Multi Sectors
  • Geographic Focus: Senegal
  • Investees: High potential SMEs
  • Financial Instruments: Private Equity and quasi-equity
  • Type: Private Equity
  • SFDR Classification: Alignment with Article 9 principles (Senegal domiciled fund)
  • Info: https://oyass-capital.sn/

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Fund

Initiators

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