IFC confirms $47.5 million loan to African subsidiaries of Baobab Financial Group

IFC confirms $47.5 million loan to African subsidiaries of Baobab Financial Group

IFC confirms $47.5 million loan to African subsidiaries of Baobab Financial Group

On Tuesday, July 25, Baobab Group, a financial services provider operating in 8 African countries and one province in China, announced securing six loan agreements worth $47.5 million from the International Finance Corporation (IFC).

The partnership aims to bolster Baobab Group’s financial operations in six sub-Saharan African countries: Burkina Faso, Ivory Coast, Madagascar, Mali, the Democratic Republic of the Congo (DRC) and Senegal.

For more information, please see https://www.ecofinagency.com/finance/2807-44775-ifc-confirms-47-5-mln-loan-to-african-subsidiaries-of-baobab-financial-group

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