Beltone Holding has announced the successful completion of its acquisition of Baobab Group, through which Beltone Capital, a wholly owned subsidiary of Beltone Holding, acquired 100% of Baobab for a total consideration of €197.6m. Through the acquisition, Beltone expands its geographic footprint to seven African markets—Senegal, Côte d’Ivoire, Madagascar, Burkina Faso, Mali, the Democratic Republic of Congo, and Nigeria—reinforcing its position as a leading regional financial services provider. Baobab Group is a leading provider of micro and small business finance with a strong focus on digital solutions. The combination is expected to support sustainable growth, expand access to finance, and strengthen entrepreneurship across the communities they serve. Following completion of the transaction, Beltone and Baobab will work closely to develop and scale inclusive, technology-enabled financial solutions that support long-term economic growth across Africa.

Source: Daily News Egypt February 10, 2026 19:17 UTC