Baobab, a global financial services group with over $900 million in its loan portfolio, has fully acquired Boabab Nigeria, its local subsidiary, marking the first exit for Alitheia Capital and Goodwell Investments from their jointly managed uMunthu Fund.
The Baobab acquisition gives uMunthu a 3x return on its original 2012 investment in Baobab Nigeria, formerly Microcred Microfinance Bank,…
Headlines Newsletter
Subscribe now for weekly top news headlines roundup, delivered directly to your inbox.
THANK YOU FOR SUBSCRIBING!
Something went wrong.