The Chairman of the Board of Directors of Baobab Microfinance Bank, Rotimi Oyekanmi, intends to expand the operations of this institution in Nigeria.

Rotimi Oyekanmi said at a press briefing in Lagos the following: “As a member of the global Baobab Group, we are confident in our ability to meet challenges and seize opportunities to empower entrepreneurs and building a better financial future for all Nigerians.” According to Christina Reifschneider, board member and CFO of the MFB Group, the aim is to satisfy customers and satisfaction surveys show that they are satisfied with the services.

The interim CEO of Baobab Microfinance Bank, Eric Ntumba, noted that since its inception, Baobab Nigeria had disbursed 229.66 billion naira in loans to support MSMEs, with women receiving around 56.3 percent of these loans, compared to 40.4 percent for men.

The Chairman of the Board emphasized the company's commitment to making a significant impact on the lives of millions of entrepreneurs in Nigeria and beyond, using the combined strengths of the Baobab Group's international reach and Baobab Nigeria's local expertise.