News

  • Signed - Beyond The Grid Solar Fund

  • 27.10.2017
  • A USD 5 M loan to an Investment company focussed on solar companies (mainly across Sub-Saharan Africa).Read more

  • Signed - Puratos Grand Place Vietnam

  • 25.10.2017
  • A USD 1.5 M follow-on loan to a cocoa processing company in Vietnam. Read more.

  • Energy Mix in a Solar Time - French Article

  • 03.10.2017
  • In the Jeune Afrique issue of the first week of October, an article discussing the current energy mix in Senegal appeared. The article describes the most recent (solar) developments in the country, focussing on 3 projects: Senergy 1 & 2 and Ten Merina Ndhakar, 2 of which are supported by BIO. The original article in French can be downloaded below.

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  • Annual Report 2016

  • 10.08.2017
  • The 2016 Annual Report is now available. You can read the full report online here or download the pdf on the link below.

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  • A social and local enterprise - French article

  • 06.06.2017
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    Laiterie du Berger

    Pourquoi importer du lait en poudre de l’étranger alors que du lait frais est produit dans le pays ? C’est ce constat qui a poussé Bagoré Bathily à lancer La Laiterie du Berger, entreprise de laiterie sénégalaise. Grâce à son dynamisme et au soutien d’investisseurs, la société se développe de jour en jour. Les explications du fondateur.

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  • BIO is Carbon Neutral

  • 09.05.2017
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    An independented consultant made a carbon assessment of BIO over 2015, which amounted to 856 tonnes of GHG emissions. These were fully offset through the support of a cooking stoves project in Uganda, earning BIO a Carbon Neutral Certificate for 2015.

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  • "Megawinst met microkrediet"

  • 13.04.2017
  • Dutch article on Prasac in De Tijd

    "De federale overheid boekt een onverwachte monsterwinst op een investering in Cambodjaanse microkredieten. Het bedrijf Prasac is uitgegroeid tot de marktleider in kredietverstrekking aan kleine ondernemers. Vergeet de Gimv en de overheidsinvesteringsmaatschappijen FPIM, PMV en LRM. De lucratiefste exit van het jaar zit bij het nauwelijks bekende BIO, de Belgische Investeringsmaatschappij voor Ontwikkelingslanden."To continue reading, click here.

  • 2016 External Evaluation

  • 31.03.2017
  • Every year, BIO contracts external consultants to evaluate its financial and developmental performance concerning at least five ongoing or recently terminated investments. The 2016 case study evaluation assessed five of BIO’s agricultural investments and specifically, how these investments contributed to food security and rural development. The summary of the report can be found here.

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  • XSML announces first close of African Rivers Fund at USD 45 million

  • 04.02.2016
  • Today, XSML, the fund manager active in Central Africa, announced the first close of the African Rivers Fund at USD 45 million. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), bringing total assets under management to USD 65 million. The African Rivers Fund (ARF) targets growing, well-managed small and medium-sized enterprises (SMEs) in the Central African region covering Democratic Republic of Congo (DRC), Uganda and Republic of Congo as well as Burundi and Central African Republic (CAR). The fund is named after the two most powerful rivers in Africa, the Congo and Nile Rivers, which embody the potential of the Central African region. ARF follows the successful investment strategy of its predecessor, CASF, by providing debt, equity and mezzanine finance to fast-growing companies in the Central African region. All three current investors in CASF, IFC (a member of the World Bank Group), FMO (the Dutch development bank) and Lundin Foundation (Canadian foundation), are joined by BIO (Belgium Investment Company for Developing Countries), CDC Group (the UK development finance institution), Dutch Good Growth Fund (DGGF) and FISEA (AFD Group) - an expansion of the investor base of the African Rivers Fund, which demonstrates their commitment and support for investing in these frontier markets. 

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