Annual Report 2018

BIO has published its annual report.

02-07-2019

Annual Report 2018

BIO’s mission sets it on a challenging quest for balance between this focus on profit and the commitment to a sustainable and inclusive society in least developed or emerging countries. It is a delicate mix that pervades all of BIO’s activities and constitutes its DNA. And, much like it is for a tightrope walker, or a cyclist for that matter, to keep your balance, you must keep moving.

2018 Highlights

  • BIO decided on 22 new investments for a total of € 150 M.
  • BIO monitored 83 outstanding loan investments. BIO employees also personally participated in boards and committees of its 52 equity investments.
  • BIO’s Special Operations team intensively accompanied clients in trouble. They managed to reduce BIO’s total provisions for the company’s outstanding investments from 5,96 % (2017) to 5,02 % (2018).
  • BIO granted 10 subsidies totalling € 850,000 to new capacity building and technical assistance projects.
  • 15 loans were reimbursed and 6 equity investments were exited.
  • BIO established a new facility for investing in small projects with a particularly high development impact but with high risks and relatively lower expected financial return.
  • In 2018, investment capital grew thanks to a capital injection by the Belgian State of € 61 M, of which € 20 M was earmarked for investments to combat climate change. Furthermore, the substantial net gain of € 67.8 M of 2017 on an investment in a Cambodian MFI was converted into capital, bringing BIO’s means available for investment to € 937.7 M.
  • BIO has a brand new logo. The colours signal we are Belgian. Its style refers to our affiliation with Belgium’s development cooperation.

More news

Feronia/PHC - BIO’s mission is to invest in the most difficult places and circumstances.

 News

Feronia/PHC - BIO’s mission is to invest in the most difficult places and circumstances.

25-11-2019

On the 25th of November, Human Rights Watch published a report on Feronia / PHC, and the DFIs who invested therein. Here you can find a joint statement from CDC Group, BIO, DEG, and FMO in response to the HRW report.

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A Message on the Tragic Death of Mr Joël Imbangola Lokwa

 News

A Message on the Tragic Death of Mr Joël Imbangola Lokwa

30-08-2019

On August 8th the Belgian magazine Le Vif/L’Express published an article entitled « Mort d'un activiste congolais : la Belgique interpellée » (Death of a Congolese Activist; Belgium Concerned).

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Côte d’Ivoire:  BIO invests EUR 15m for Azito power plant expansion

 News

Côte d’Ivoire: BIO invests EUR 15m for Azito power plant expansion

25-07-2019

BIO joined a consortium of DFI partners led by PROPARCO, part of AFD Group, in a deal with Azito Energie S.A. for the expansion of the Azito power plant in Côte d’Ivoire.

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