The microfinance institution Baobab Senegal announces the launch of the first issuance of bonds labelled green, social and sustainable by Public Offering (APE) in Senegal, in the amount of 20 billion FCFA.

Baobab Senegal is recognized for its support of Micro, Small and Medium Enterprises (MSMEs). The objective of this issue is to further finance the segments of women, young people, micro-enterprises style="font-family: "Bookman Old Style”, "serif">, low-income households (group credit), as well as the rural environment, the green agricultural sector and renewable energies. During a webinar held this Thursday, September 5, 2024, USAID Entrepreneurship & Investment, USAID Entrepreneurship & Investment, Baobab Senegal and CGF Bourse, respectively as the originator, issuer and arranger of this bond loan, officially launched this bond. This issue is the first sustainable initiative for Baobab Senegal, which had previously issued traditional bond issues