• 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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  • BIO’s first investment in Myanmar

  • 05.01.2016
  • BIO is extending a USD 12.2 million long-term senior loan to Irrawaddy Green Towers ltd (IGT) in Myanmar, for installing and operating mobile telecommunication towers. The total investment, arranged by the Dutch development finance institution FMO, amounts to 122m US-dollars. Other European development finance institutions such as CDC Group (Great Britain), PROPARCO (France), OeEB (Austria) and DEG (Germany) are further investors.

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  • FMO in the lead to support job creation in Sri Lanka

  • 21.12.2015
  • USD 109 million of total USD 153 million syndicated loan for Commercial Leasing & Finance (CLC) in Sri Lanka arranged

    On Friday 18 December, the Dutch development bank FMO has arranged the first tranche of a USD 153 million senior secured syndicated loan for Commercial Leasing & Finance (CLC) in Sri Lanka. The first amount of USD 109 million arranged today will be followed by an expected second tranche of USD 44 million in Q1 2016. The total loan will have a tenor of 5 years. FMO provided the loan and acted as Mandated Lead Arranger and Facility Agent. In addition to the USD 20 million provided by FMO, participants include OFID (USD 20 million), Finnfund (USD 11 million), Proparco (USD 10 million), BIO (USD 7 million), ResponsAbility (USD 12 million), Blue Orchard (USD 10.1 million), Symbiotics (USD 9.0 million) and Oikocredit (USD 5 million). ACTIAM provided USD 5 million via FMO’s fund structure.

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  • Video: Kivuwatt from hazardous gas to electricity

  • 18.12.2015
  • Right in the heart of Africa a prestigious and unique project was launched: Kivuwatt, a power station where otherwise hazardous methane gas trapped in the waters of Lake Kivu is removed and processed  for use as fuel to generate critically needed electricity. This short video explains how it works and what the impact is for local population and business. BIO is a proud investor in this groundbreaking initiative. Watch the video here.Read more on BIO's investment in Kivuwatt here.

  • Contributing to poverty reduction in Ecuador

  • 16.12.2015
  • BIO is investing 5 million USD in Banco D-Miro, a bank specialized in microfinance and focused on reducing poverty. Its operations started in 1977 as a microfinance program supported by a Norwegian NGO, with the aim to promote development in the most vulnerable areas of Ecuador. In 2011, the organization became a bank. Banco D-Miro offers financial services to micro, small and medium entrepreneurs in the peri- urban areas of the coast of Ecuador, where the poverty levels are higher and the penetration of financial services is the lowest.

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  • EDFI launches ElectriFI

  • 07.12.2015
  • Launching of an Electrification Financing Initiative, ElectriFI, by the European Commission and members of the European Development Finance Institutions – EDFI

    ElectriFI, an initiative of the European Union (EU) and EDFI, was launched at COP21 in Paris on 4 December 2015. ElectriFI will support renewable energy investments with a focus on rural electrification. Addressing the lack of access to clean, reliable and affordable electricity and energy services is a major development challenge and a key pillar of Climate Change policy. Cost-efficient access is central to inclusive and equitable economic growth in all sectors and a precondition for the poorest of the planet to be able to escape the worst impacts of poverty. Reaching the goal of global access through sustainable solutions is fundamental for mitigating the worst impacts of climate change, which most affect the poor.

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