Cairo – Mubasher: Beltone Holding, through its wholly owned subsidiary Beltone Capital, has acquired 100% of Baobab Group for a total of EUR 197.60 million, according to a press release.
The transaction marks the first cross-border acquisition for Beltone and the largest deal in the company’s history, underscoring management’s commitment to creating sustainable shareholder value through disciplined expansion into high-potential markets.
Acquiring Baobab, which is a provider of financial services to small businesses across Africa, after completing the receipt of all required regulatory approvals reflects strong confidence in Beltone’s institutional strength, shareholder base, and leadership team.
Beltone significantly expands its geographic footprint to include seven African markets, namely Senegal, Côte d’Ivoire, Madagascar, Burkina Faso, Mali, the Democratic Republic of Congo, and Nigeria, through this takeover transaction while reinforcing its position as a leading regional financial services provider.
Beltone and Baobab will work closely to develop and scale inclusive, technology-enabled financial solutions that support long-term economic growth across Africa.
This milestone follows the strategic share purchase agreement signed on 11 February 2025, after obtaining all necessary regulatory approvals.
The acquisition brings together Beltone’s operational capabilities and regional expertise, its innovation-led and data-driven financial model, with Baobab’s deep local presence in micro and small business finance supporting sustainable growth, expanding access to finance, and strengthening entrepreneurship across the communities they serve.
It is worth noting that Baobab served approximately 1.60 million customers and managed a loan book of EUR 848.80 million at the end of the third quarter (Q3) of 2025, with around 50% of loans disbursed through digital channels supported by intelligent credit-decision systems.
Since its inception over 20 years ago, Baobab has disbursed around 4 million loans to small businesses, with cumulative financing volumes exceeding EUR 9.20 billion.
As for the financial position of Beltone, in the first nine months (9M) of 2025, the holding company posted EGP 1.57 billion in net profit after tax in addition to revenue worth EGP 9.94 billion.
