Annual Report 2019
BIO has published its annual report for 2019.
We are BIO. We are responsible impact investors, driven by our quest to create both economic and social prosperity in developing and emerging countries. Our vision and objective are sustainable livelihoods for everybody on our planet. As such, we invest in entrepreneurs, financial institutions and funds in Africa, Latin America and Asia, allowing them to survive, thrive and create economic welfare in their communities.
Impact investing is how BIO supports and actively contributes to the UN’s Sustainable Development Goals. We do not operate on our own: we create solid partnerships with our portfolio companies and other stakeholders. Together, we share a common objective, and that is to improve the lives of, especially, the poor.
The people of our portfolio companies are on a quest. As investors, we are determined to support them to realize the opportunities and deal successfully with the risks they are facing. We look beyond what is obvious. We do not limit ourselves to low-hanging fruit, but are relentlessly curious and open-minded, spending weeks, months or even years to explore and develop innovative solutions for our clients’ aims and challenges. Together with our clients, we are on a journey towards a decent livelihood for all.
Some 2019 highlights
- BIO made 31 new commitments, totaling EUR 199 million. This brought the total net signed commitments up to EUR 783 million.
- BIO signed up to the 2X Challenge, which calls for DFIs to join together to collectively mobilise USD 3 billion in gender-smart investments.
- BIO made its first investments out of a new facility targeting projects with a particularly high development impact but with high risks and relatively lower expected financial return: Fairtrade Access Fund and Alterfin.
- BIO launched the SDG Frontier Fund, enabling private individual and institutional investors to co-invest with BIO into private equity SME Funds.
- BIO reached over EUR 1 billion in investment capital
- BIO refreshed its baseline: “Investing in a sustainable future”, expressing our aspiration for sustainable livelihoods all around the globe.
Money is getting greener. The superlative in sustainable investing today is "impact investing". A growing global market that is already worth more than $700 billion.
Article originally appeared in MT Magazine in Dutch.
A group of international investors announce the successful first closing of the Incofin India Progress Fund (IPF) with USD 60 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. The committed capital comes from a diverse set of private and institutional investors including Korys, CDC, Proparco, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.
The Belgian Investment Company for Developing Countries (BIO) agreed with SDB bank, a pioneering provider of financial services, to take up a 10% share of the bank, amounting to Rs. 925 million at Rs. 51.50 a share, via SDB bank’s Secondary Public Offering (SPO).