On the sidelines of the Supervisory Board of the Baobab group held this week in Dakar, the management of the Baobab group declined the balance sheet of the institution for financing micro and small enterprises.
In this regard, Arnold Ekpe, Chairman of the Supervisory Board of the Baobab Group, recalls: “Africa is at the forefront of digital transformation in financial services… For its part, Baobab has set up a team solid and develops innovative and structuring projects…”
It is precisely this Wednesday, through a press conference that Philip Sigwart, the CEO of the Baobab group, as well as Mamadou Cissé, the general manager of Baobab Senegal, returned to the remarkable performances achieved during the year 2021, despite the Covid-19 pandemic. A result which is estimated at an increase of 13.8 billion FCFA for this institution dedicated, among other things, to inclusive microfinance.
After 15 years of existence, Microcred, which has since become Baobab, is present in at least eight African countries and in China. A presence that explains the group’s great breakthrough in the WAEMU zone, where Baobab remains the leading microfinance institution.
To convince himself of this, the CEO of Baobab Senegal, Mamadou Cissé underlines that in terms of financing, Baobab Senegal has already injected one billion euros of financing into the Senegalese economy, or 670 billion FCFA. With a total of nearly 150,000 SMEs and micro-entrepreneurs benefiting from these loans.
With more than 500 points scattered everywhere and dozens of operational branches, the Baobab Group and its 4,000 employees are actively working to make financial services more accessible, inclusive and transparent.