• Q&A: Sustainable development should be profitable, says Belgian minister

  • 21.11.2017
  • Source: Devex, Catherine Cheney

    NEW YORK — In order to achieve the United Nations Sustainable Development Goals by 2030, development must be done differently, facilitated by a shift from giving to investing. That was the message given by Alexander De Croo, Belgium’s deputy prime minister and minister for development cooperation, when he took the stage at the AidEx conference in Brussels this week. Formerly a consultant and entrepreneur, De Croo has brought a business mindset to his work in government. At the United Nations General Assembly in September, he spoke with Devex about his country’s aid priorities, and the changes he would like to see in the international development industry — later announcing that Belgium would double its investment in humanitarian innovation next year.

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  • Signed - Enda Tamweel SA

  • 16.11.2017
  • A € 8.2 M equity investment in an MFI in Tunisia.For more information, click here.

  • Signed - Triple P South East Asian Financial Inclusion Fund

  • 14.11.2017
  • A USD 7 M equity investment in a fund aiming at providing growth capital to small insurance and non-bank financial services. Read more.

  • Signed - Senergy 2

  • 13.11.2017
  • BIO gave a € 9.1 m loan to Senergy 2, a 25 MW solar PV plant in Bokhol, Senegal.

  • Story - Luuk Zonneveld

  • 08.11.2017
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    Why am I CEO of BIO?

    I first set foot on African soil over 30 years ago, at the estuary of the Nile. Bored with my own world, I was intent on discovering a new one – and trying to make a living while doing so by sending my writings to newspapers and weeklies in the Netherlands. Using boats, trains, buses and horse carts, I wrote a travel-series about my trip along the majestic Nile, from its delta in Alexandria down to its sources in volcanic central Africa. I dispatched articles about Egypt’s unequal economic development, the civil war in Sudan, the proxy war between Ethiopia and Somalia, and about the scourge of leprosy. My articles were well-received by a “developed world” eager to find out about what was really going on in Africa, at a time when fax, internet and smartphone were still  unthought-of . And on my end, I was immensely enjoying myself.Until one day, in a village on the shores of Lake Tanganyika, completely isolated by the surrounding jungle, I came upon an elderly man serenely sitting under the village square mango tree. He greeted me, stretching out his arms, and said “Karibu, welcome. What have you come to do here?”His simple question left me speechless.

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  • Signed - VenturEast Proactive Fund II

  • 06.11.2017
  • A USD 5 M equity investment into an SME Fund with a specific focus on D4D. Read more.

  • Signed - Montecristi

  • 03.11.2017
  • A USD 15 M loan to a 58MWp Photovoltaic Solar Plant in Monte Cristi in the Dominican Republic.Read more

  • Signed - Coperativo Pacifico

  • 30.10.2017
  • A USD 10 M loan to a Peruvian Saving & Loan Cooperative. Read more.

  • 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.