Baobab solar Nauru

Press release Baobab+, leader in rural electrification in

investing €10 million in equity in Baobab+, the leading distributor of solar home systems in Western Africa and Madagascar. The financing from Norfund comes at a time when Baobab+

About us

Baobab is a financial services group with operations in eight countries on the African continent and China. Baobab provides financial services to half a million small businesses, fulfilling its mission of broadening access to finance among

African Power Platform

25 September 2021: Norfund, the Norwegian Government''s Investment Fund for developing countries, is investing €10 million in equity in Baobab+, the leading distributor of solar home systems in Western Africa and Madagascar.

Baobab solar Nauru

6 FAQs about [Baobab solar Nauru]

What products does baobab offer?

We select quality products to meet the needs of our customers. These products are available through the Baobab network of branches with financing facilities and/or a dedicated credit called ``Baobab Energy Solutions`` for productive use products (solar freezers, hybrid generators...).

What is baobab+?

Baobab+ mother company. Baobab is a financial services group with operations in eight countries on the African continent and China. Baobab provides financial services to half a million small businesses, fulfilling its mission of broadening access to finance among those underserved by traditional banks.

Who is baobab group?

In addition to our strong partnership with Baobab Group, we have forged strategic partnerships with international companies and Telco operators to continue our growth and provide a wide range of life-changing products to households and entrepreneurs in Africa. We are a social business committed to providing access to energy and digital.

What is the difference between Baobab and Norfund?

Baobab is a financial services group with operations in eight countries on the African continent and China. Baobab provides financial services to half a million small businesses, fulfilling its mission of broadening access to finance among those underserved by traditional banks. Norfund is the Norwegian Investment Fund for developing countries.

Why is Baobab a leader in digital financial inclusion?

As a leader in digital financial inclusion, Baobab is aware of the impact of digitalization on the daily lives of our prospects among the communities we serve. Enabling access to financing for quality digital products is necessary for our customers, who can also apply for credit directly through the Baobab app from their homes!

Does baobab offer a pay-as-you-go offer?

A ``Pay-As-You-Go`` offer is also available for the acquisition of solar kits & TV and smartphones for underserved customers who are not connected to the electric grid. As a leader in digital financial inclusion, Baobab is aware of the impact of digitalization on the daily lives of our prospects among the communities we serve.

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