Baobab+ raises €10 million from Norfund to target new markets

Baobab+ raises €10 million from Norfund to target new markets

Founded by Alexandre Coster, the solar kit and smartphone company will use this to finance its commercial development and expansion in Nigeria and DR Congo.

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            ▪ Baobab+ raises €10 million from Norfund to target new markets

▪ Founded by Alexandre Coster, the solar kit and smartphone company will use this to finance its commercial development and expansion in Nigeria and DR Congo.

https://www.africabusinessplus.com/en/809153/baobab-raises-e10-million-from-norfund-to-target-new-markets/

Financed to the tune of €4 million by its initial sponsors, including the French microfinance group Baobab (ex-Microcred), Baobab+ is expanding its strike force with a €10 million capital increase subscribed by the Norwegian public investment fund (Norfund), which manages a portfolio of $3.3 billion on the continent.

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