News

  • Story - Abou Simbel Ouattara

  • 13.03.2019
  • You won't become an entrepreneur just by sitting around

    My journey was an unusual one, as I started out in life with just a simple certificate: a Brevet d'Études du Premier Cycle (BEPC). This allows you to perform a basic government job and that’s how I became a warehouse assistant at the National Cereals Office in Burkina Faso.

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  • Story - Beatrice Nkunku

  • 20.02.2019
  • I want to be close to the people who need me

    Our day clinic, Mutituni Hope, is located in a small village. The clinic is composed of a waiting room, a consultation room, a small lab and pharmacy. Next door we have a hairdresser, a gas station, a mini market, a boutique and a busy bus stop. That is what I really like: being in the heart of a community, close to the people who need me. The contact with these people, being part of their life and understanding their problems are the very reasons I started the clinic with Mark.

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  • USD 162.5 million syndicated loan to Access Bank Plc

  • 04.02.2019
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    Access Bank Plc announced that it has signed a Subordinated Syndicated Loan Agreement totaling USD 162.5 million.The facility has been arranged by FMO, the Dutch development bank, and is provided together with BIO (Belgian Investment Company for Developing Countries SA/NV), Blue Orchard Microfinance Fund, CDC Group plc, DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH), Finnfund (Finnish Fund for Industrial Cooperation Ltd), Oikocredit (Ecumenical Development Cooperative Society U.A.) and European Financing Partners S.A, funded by the European Investment Bank acting on behalf of the European Community and Norfund (Norwegian Investment Fund for Developing Countries). FMO acted as the Mandated Lead Arranger and will be the Facility Agent.

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  • Story - Myriama Adoum

  • 21.01.2019
  • My life was a nightmare

    I was born in a village in the area of Tillabery, South Niger. When I was four, my aunt took me to live with her family in Maradi. For the longest time, I believed my aunt was my mother. It was hell. My uncle was a policeman. He used to tie me to a tree before beating me with his belt. For all intents and purposes, I was working as a house servant. All the household chores were for me.When I was ten years old, my grandmother paid us a visit. She cried when she saw the situation. She gave me my birth certificate, explained to me who my real mother was, and enrolled me in school. Thanks to my her, I can now speak French.But after a few years, I had to go back to my aunt to work as a servant. It was horrible! I mean, who would ask a child to go out at 2 AM to buy you something, and send it back out when it came back empty-handed?It was during my stay there that I started to run away. All my teenage years were devoted to this: escaping. I dragged myself from one family to another. Some of them were nice to me, others horrific.

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  • Story - Julissa Rojas Flores

  • 12.12.2018
  • Many sleepless nights

    I’m living in Lima, the capital of Peru, and our society is dominated by men. We have a macho culture here.People are not used to seeing a woman at the head of a company. And it’s even more difficult when it comes to the operational part.You know, we make cardboard boxes and we have machines to do a lot of the work. The problem was that machines belong to the “natural domain” of men and our mechanics were reluctant to follow my orders. It really took some time before they understood that I knew what I was talking about and that they really got to trust me. When it comes to accounting, sales, marketing, and financing, it’s much easier. It’s acceptable for a woman to do these things, as they are considered to be much more feminine occupations.

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  • Story - Jedidah Ndanu

  • 12.11.2018
  • Money and hard work can make a difference

    “My life has changed so much. I never thought this was possible. I started with nothing, no house, no electricity, no water but now look at us. Our village has prospered, I have my own house and my children can study.” “I live in Kyangala right next to my mother in law. It’s a great village with a few challenges. During the rainy season our sandy roads are slippery, muddy and dangerous. From time to time parts of them even get flooded, making the village inaccessible. On days like that, our children cannot go to school. During those days we are like an island.

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  • BIO signs DFI Gender Finance Collaborative

  • 01.11.2018
  • BIO is proud to join the DFI Gender Finance Collaborative, hosted initially by CDC Group, to support the development of shared financing principles, definitions and methodologies that promote the integration of “gender smart” decision-making into our investment processes and our own operations.

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  • Signed - Khan Bank II

  • 11.10.2018
  • In September 2018, BIO signed a USD 17 million loan to Khan Bank, Mongolia’s leading universal bank, as part of an overarching investment lead by the Dutch Development Bank FMO and joined by the German Development Finance Institution (DEG), the International Investment Bank (IIB) and the Development Bank of Austria (OeEB). This USD 120 million loan (equivalent to MNT 300 billion) is the largest loan in Khan Bank’s history and will strengthen its strategy to reach out to even the most remote areas of Mongolia. The financing is expected to pave the way for additional funding from other financial institutions. In the past BIO already participated in two syndications lead by the Dutch Development Bank FMO by granting USD 10mio in sub debt and USD 10mio senior loan in 2012.

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  • Story - Mossadeck Bally

  • 08.10.2018
  • Patience pays off

    After finishing my financial management studies in France and the United States, I returned to my native country Mali. For 10 years, I worked for my father’s company, together with my brother. We imported foodstuffs such as rice, which we further distributed as wholesalers. We were seeing a lot of suppliers, who often complained about the poor quality of the hotels in Mali. This gave me the idea of opening my own.

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