Hearts of Oak have signed a one-year sponsorship deal with local investment firm Strategic African Securities.

The deal is worth 600,000 Ghana cedis (US$ 317,000) took effect from 1 October, 2012.

Strategic African Securities are major shareholders of the club and its founder and CEO Togbe Afede XIV is Heart's board chairman.

Hearts have struggled to find a new sponsor after parting ways with telecommunications giants MTN.

The capital club have not won the Ghana Premier League the last three seasons.