• 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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  • Een sociaal en lokaal bedrijf - Frans artikel

  • 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.

  • "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
  • Elk jaar werft BIO externe consultants aan voor de evaluatie van haar financiële en ontwikkelingsprestaties voor ten minste vijf lopende of onlangs beëindigde investeringen. De casestudy-evaluatie voor 2016 beoordeelde vijf landbouwinvesteringen van BIO, en ging met name na hoe die investeringen bijdroegen tot voedselveiligheid en plattelandsontwikkeling. De samenvatting van het rapport kan hier gedownload worden (in het Engels).

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  • Evaluation of 5 investments of BIO in East Africa

  • 01.08.2016
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    BIO is the Belgian Investment Company for Developing Countries. In the framework of its agreement with the Belgian Government, it is mandated to conduct an annual evaluation of a sample of its investments.For 2015, BIO selected 5 investments in the financial sector in East-Africa, which comprise a sample of indirect investments in micro, small and medium-sized companies (MSMEs):3 financial institutions, namely Bank of Africa Tanzania, and AccessBank Tanzania focusing on MSMEs in Tanzania, and EFC Uganda, a microfinance institution targeting micro and small enterprises in Uganda. 2 funds, namely Grofin East Africa Fund and Catalyst Fund I that invest in larger SMEs in the East African RegionFor more findings, find here the summary of the evaluation.

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  • FMO leads completion of largest syndicated loan in Sri Lanka

  • 25.02.2016
  • Final USD 44 million of total USD 153 million syndicated loan for Commercial Leasing & Finance (CLC) in Sri Lanka arranged.

    Today, the signing ceremony for the final tranche of a USD 153 million senior secured syndicated loan for Commercial Leasing & Finance (CLC) took place in Sri Lanka. The first amount of USD 109 million, signed by FMO on Friday 18 December, was followed by a second tranche of USD 44 million today. 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 39.2 million provided by FMO, participants include DEG (USD 20 million), OeEB (USD 10 million), OFID (USD 20 million), Finnfund (USD 11 million), Proparco (USD 10 million), BIO (USD 7 million), responsAbility Investments (USD 12 million), Blue Orchard (USD 10.1 million), Symbiotics (USD 9.0 million) and Oikocredit (USD 5 million). The ACTIAM FMO SME Finance Fund provided USD 5 million. Besides the syndicated loan transaction, FMO – in partnership with other lenders in the syndicate –will support CLC with a tailored technical assistance program to further professionalize CLC’s organization. The technical assistance includes capacity building in the area of asset and liability management, client protection principles and a management development program focused on leadership and skill training for employees. CLC’s current MSME portfolio represents over 65% of the total loan and lease portfolio. MSMEs are considered an important backbone for economic growth for the Sri Lankan economy, especially the ones active within the agricultural sector. FMO’s Chief Investment Officer, Linda Broekhuizen, emphasises the importance of the facility: “FMO is proud to act as Mandated Lead Arranger and Facility Agent of this USD 153 million facility. It is encouraging to see so much commitment to job creation and economic development, both among the other lenders and CLC. FMO is particularly proud to lead this facility for LOLC Group, with which we have a long lasting relationship for more than 20 years. LOLC Group’s work to strengthen small businesses and entrepreneurship in Sri Lanka is an important basis for sustainable economic development and lasting improvement of people’s living conditions in the country.” CLC’s CEO commented: We are pleased to be the recipient of this landmark syndication in partnership with 12 lenders, the largest syndicated loan that has ever been completed for a NBFI in Sri Lanka. This is a true testimonial to the strong ties fostered with these lenders, many of whom have a long-standing relationship with LOLC Group. As such, CLC is committed to building upon this strong foundation and fortifying our position as a preferred conduit for achieving development goals, with a focus on uplifting the SME sector of Sri Lanka.

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  • Ministerraad keurt openstelling BIO voor private investeerders goed

  • 09.02.2016
  • Federale regering stelt BIO open voor private investeerders

    De Ministerraad heeft vandaag zijn goedkeuring gehecht aan het voorontwerp van wet tot wijziging van de wet van 3 november 2001 tot oprichting van de Belgische Investeringsmaatschappij voor Ontwikkelingslanden (BIO). Bedoeling is om BIO open stellen voor private investeerders zodat ook de Belgische private sector kan investeren in de ontwikkeling van sterk economisch weefsel in de partnerlanden van de Belgische Ontwikkelingssamenwerking. De hervorming kadert in de strategie van vicepremier en minister van Ontwikkelingssamenwerking Alexander De Croo om in het internationaal ontwikkelingsbeleid sterker in te zetten op inclusieve en duurzame economische groei in de Belgische partnerlanden. Eerder deze week bracht minister De Croo al een veertigtal CEO’s van Belgische bedrijven samen om een partnerschap op poten te zetten rond de duurzame ontwikkelingsdoelen. Lees het volledige persbericht op de website van de Minister.

  • 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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