Baobab+

Africa

Region

27.8

Investment (MNOK)

Exit

Status

Baobab+ sells and finances a range of energy and digital access solutions benefitting off-grid households and microentrepreneurs in West Africa and Madagascar. The company was founded in 2015 by the Baobab Group, a well-known MFI. Baobab+ currently has operations in Senegal, Côte d’Ivoire, Mali and Madagascar and has sold 200,000 solar home systems (SHS) and 60,000 smartphones and tablets to date. Baobab+ has recently started operations in DRC and Nigeria.

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Key information

Sector:
Renewable Energy
Investment (MNOK):
27.8
Year:
2021
Region:
Africa
Country:
Regional
Domicile:
France
Instrument:
Equity
Status:
Exit
Mandate:
Development

Additionality Baobab+

This investment is particularly additional on the following ambitions:

  • Investing in the poorest countries
  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in difficult business environments
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Targeting underserved segments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance