Baobab+
Africa
Region
108.7
Commitment (MNOK)
Active
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.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 108.7
- Year:
- 2021
- Region:
- Africa
- Country:
- Regional
- Domicile:
- France
- Instrument:
- Equity and Loans
- Status:
- Active
- 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
