Ghanaian private equity veteran Kofi Kwakwa, through Olive Africa Partners Fashions Ltd., is acquiring the entire shareholding of TexStyles Ghana Limited from Dutch textile group Vlisco BV, bringing GTP and Woodin under Ghanaian ownership.
Ghanaian private equity veteran Kofi Kwakwa is making a major move into the country’s textile industry.
Through Olive Africa Partners Fashions Ltd., the investment firm he co-founded with John Gadzi, Kwakwa is acquiring the entire shareholding of TexStyles Ghana Limited from Dutch textile group Vlisco BV.
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The deal brings two of Ghana’s most recognisable textile names — GTP and Woodin — under Ghanaian ownership.
More Than Just Acquiring Brands
For Kwakwa, however, this is bigger than acquiring two established brands.
GTP and Woodin are deeply woven into Ghana’s commercial and cultural identity. Their return to local ownership puts a valuable piece of the country’s textile heritage in the hands of Ghanaian investors at a time when the future of domestic manufacturing is increasingly tied to local capital, industrial capacity and long-term ownership.
A Different Approach to Private Equity in Africa
The transaction also represents a different way of thinking about private equity in Africa — not simply buying businesses, but acquiring established assets, protecting their brand equity and positioning them for another chapter of growth.
The acquisition is expected to take effect following the completion of the applicable administrative and regulatory requirements.
Ghanaian Capital Owning Ghanaian Brands
For Kofi Kwakwa, the message is clear: Ghanaian capital is increasingly looking beyond financial investments and toward ownership of the businesses and brands that shape the economy.
Key Details at a Glance
| Item | Detail |
|---|---|
| Acquirer | Olive Africa Partners Fashions Ltd. |
| Co-Founders | Kofi Kwakwa & John Gadzi |
| Target | TexStyles Ghana Limited |
| Brands | GTP, Woodin |
| Seller | Vlisco BV (Netherlands) |
| Status | Subject to administrative and regulatory requirements |
Source: Accra Street Journal
Last Updated on October 6, 2026 by Samuel Kwame Boadu
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Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
