Beltone Capital, a wholly-owned subsidiary of Beltone Holding (BTFH), has completed the strategic acquisition of Paris-based financial services company Baobab Group in a transaction valued at $197.6 million, according to an emailed press release.
This transaction is Bertone’s first cross-border transaction and the largest acquisition in Bertone history.
The acquisition was completed after receiving all necessary regulatory approvals.
Baobab Group is a leading provider of microbusiness finance with a focus on digital solutions.
The transaction reflects Beltone’s strategy of disciplined expansion into high-potential markets and its focus on building long-term shareholder value through scale and geographic diversification.
With the completion of the agreement, Beltone will expand its geographic footprint to the seven African markets where Baobab operates: Senegal, Ivory Coast, Madagascar, Burkina Faso, Mali, Democratic Republic of the Congo and Nigeria.
Following the closing of the transaction, Beltone and Baobab will work closely together to develop and expand comprehensive, technology-enabled financial solutions designed to support long-term economic growth across Africa.
The transaction follows a strategic share purchase agreement signed on February 11, 2025, and marks a milestone in Beltone’s broader growth strategy on the continent.
© 2026 All Rights Reserved Arab Finance for Information Technology is brought to you by SyndiGate Media Inc. (Syndigate.info).
