• 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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  • BIO supports tourism development in Mali

  • 01.12.2015
  • BIO is investing 4 million euro to fund the renovation of the Salam hotel and the building of a new hotel, both in Bamako, Mali. SGH SA is the Malian subsidiary of the Azalaï group of hotels. The completely African group is present in different countries in West-Africa, mainly in capital cities. They target local and international business people, with competitive pricing in relation to international hotel chains. The BIO investment of 4 million € is part of a syndicate of 16,4 million € together with the French Development Finance Institution, Proparco. Stimulating tourism contributes substantially to creating employment and generating revenues in the country. The policies of the SGH hotels are strongly driven by high social and environmental standards. Hotel staff, both from the group and external hotels, is trained at the Azalaï Academy. Having well trained staff benefits the tourism sector as a whole and allows for getting access to better wages. SGH focuses on employing women, especially in management functions. Salaries are more than double of the minimum wage standards in Mali and all personnel gets access to health insurance as well as health education. Wherever possible, SGH sources its products from local suppliers and farmers. The hotels have a waste management system in place that looks at reducing waste by recycling and treating waste water correctly.  

  • EDFI Investing for a greener future

  • 13.11.2015
  • Mitigating climate change is an urgent global challenge and a top priority for the European Development Finance Institutions (EDFI) members which invested €2,1 bln in climate finance projects in 2014, a total of €5,5 bln in the last five years. EDFIs are constantly working to adapt their instruments and services to provide a tailored response to our clients. EDFI strongly believe that the private sector plays an essential role to enable sustainable development for all. To ensure sustainable development we need to fight climate change and the private sector should be part of the battle.

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  • Clean energy for Uganda

  • 17.09.2015
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    BIO and Norfund are partnering to support the development of a small hydro power station in Uganda, Rwimi SHPP. BIO provides a USD 13 million senior loan while the mezzanine financing will be brought by Norfund. Th 5.6 MW greenfield project with 2 wind turbines is expected to generate 28 GWh per year. This clean energy will supply to commercial and industrial enterprises, which consume two-thirds of the electricity in Uganda. Unreliable electricity supply is considered as one of the most important factors affecting business of large, medium and small enterprises. The generated energy will be bought by the Ugandan national transmission company UETCL. The project was selected for the GET Fit Ugandan program, which facilitates the development of small-scale renewable energy private projects through the provision of a subsidy payable on top of the standard feed-in-tariffs as defined by the Ugandan regulator. GET FiT is supported by international donors under the lead of the German development bank, KfW, and is considered as a model to foster development of small scale renewable energy projects.Read more on the Rwimi investment

  • Supporting female entrepreneurs in Ecuador

  • 22.07.2015
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    BIO is providing a senior loan of USD 2.27 million to the mcirofinance institution « Sociedad Financiera VisionFund Ecuador ». VisionFund Ecuador supports microenterprise owners who cannot obtain credit from the formal financial system due to a lack of credit and guarantees. The organization helps women from urban and rural areas who make a living from agricultural, artisanal, commercial, and service activities by providing credit, training, and advisory services. BIO’s loan will support the MFI in further growing its loan portfolio. Learn more about this investment

  • Rapport annuel 2014

  • 06.07.2015
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    BIO vous présente son Rapport Annuel 2014. Le rapport prête une attention particulière aux activités de BIO qui visent les PMEs. Vous pouvez lire le rapport en ligne sur

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  • BIO Supports Cocoa Production in Ghana

  • 29.06.2015
  • Niche Cocoa Industry, Ltd purchases beans from Ghana's Cocoa Board (COCOBOD), who in turn sources them from local farmers. Niche processes these beans into high quality finished products such as cocoa liquor, cocoa butter, and cocoa powder, then exports them around the world. BIO has been a partner in the development of this successful start-up enterprise since 2011, when BIO financed the acquisition of a press to transform cocoa liquor into cocoa butter and powder. With a strong foundation in place, Niche is ready to introduce two new product lines which target the local Ghanaian market: chocolate spreads and chocolate bars. Years of research and testing have gone into developing palate-pleasing products which do not melt in tropical environments, and the results will soon be evident. These products will fill a void in Ghana as spreads are not readily available and high quality chocolate bars are not sold at a generally accessible price point.

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  • BIO disburses loan to Indonesian microfinance institution

  • 09.06.2015
  • BIO and the Dutch Development Bank, FMO, have disbursed a loan to the Indonesian microfinance institution PT Mitra Bisnis Keluarga Ventura (“MBK”) to support its expanding outreach and portfolio. The support of the development finance institutions is crucial to MBK since it does not have access to deposits from the public. Funding from local banks is limited due to their usual requirement of fixed assets as collateral. Supporting the expansion of MBK will have a positive impact on economic growth by enhancing business activities for self-employed women in rural areas. This MFI provides access to finance in underserved areas in the form of working capital to increase the clients’ economic activities.   Read more on BIO’s investment in MBK

  • Appel à projets Prix de la Gouvernance d'entreprise en RDC

  • 19.05.2015
  • Prix bisannuel pour un entrepreneur congolais remarquable en RDC

    Le Fonds Gouvernance D'entreprise en RDC a lancé l'appel à projets pour le prix de la Gouvernance D'Entreprise en RDCDe quoi s'agit-il? Le Prix de la Gouvernance d'Entreprise en RDC est décerné tous les deux ans à une femme ou un homme qui gère son entreprise de manière remarquable. Avec ce Prix de € 25.000, les créateurs du Fonds Gouvernance d’Entreprise en RDC veulent donner une image positive de l'entreprise en RDC qui participe au développement économique du pays au profit de la population locale. Depuis 2014, le Prix bénéficie du partenariat de BIO, la Société belge d'Investissement pour les Pays en Développement. Pour qui? Le lauréat doit : Posséder la nationalité congolaise Avoir sa résidence principale en RDC Diriger depuis au moins le 1er janvier 2012 une entreprise privée, de taille moyenne, valablement enregistrée en RDC et dont les activités se situent en majorité sur le territoire de la RDC.

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  • BIO disburses loan to ECS in Uganda

  • 11.05.2015
  • BIO has disbursed a the first USD 500,000 of a USD 1 million senior loan to Electrical Controls and Switchgear (ECS) in Uganda. The company started in 1983 as an importer and trader of electrical switchgear and panels. These products are essentially the interfacing equipment between the power service utility provider and a final consumer power income in industries, factories or commercial installations, transforming voltage for consumption use. ECS has gradually phased out importation of fully assembled switchgear and has now become a local designer, manufacturer and supplier of this product. BIO provides the necessary funding to allow ECS to diversify its products, namely manufacturing of low to middle voltage distribution transformers. This type of transformers provides the final voltage transformation in the electric power distribution system, stepping down the voltage used in the distribution lines to the level used by the customer. As a consequence, ECS will no longer need to import the transformers. ECS’ development of this new project has a significant impact in Uganda: new jobs will be created to man the new line of business; dependence on imports is reduced as local production increases; profits will be reinvested in Uganda and the company will generate increased state revenues. The project is also an energy efficient project, as the use of distribution transformers reduces technical energy losses considerably. Read more on the investment here.