Alitheia Capital and Goodwell Investments have announced their successful exit from Baobab Nigeria, marking the first exit of their joint uMunthu Fund.
Baobab Nigeria has received an affirmed “Bbb+” rating from Agusto & Co., a leading Pan-African credit rating agency. This rating showcases Baobab Nigeria’s strong financial standing and prudent management practices in Nigeria’s competitive microfinance industry.
Baobab Nigeria’s recently launched savings app, Jollof+, has achieved a significant milestone, attracting over N1.3 billion in savings just 64 days’ post-launch.
