BIO’s CEO to pass on company’s leadership to successor early 2024
Dear friends of BIO,
It is with both sadness and gratitude that I announce that, after more than eleven years, I will be retiring from my function as CEO of BIO early 2024.
In these eleven years, BIO’s wonderful team doubled our investing activity. We developed a methodology to determine and monitor our development impact, and are proud that our data show BIO’s contribution to improving the livelihoods of several million people in Africa, Asia and Latin America. I am grateful to have been part of BIO’s dedicated team and to have worked with our fellow Development Finance Institutions (DFIs), as well as with our other strategic partners in Belgium and overseas, for all these years.
In the coming months, we will search for my successor, who I am sure will be delighted to join a team as enthusiastic as ours, and will be eager to take on all the challenges BIO faces. The handover of the company’s leadership is planned for early 2024. Until then, we have another intense year ahead of us, in which I will continue to lead the company and enjoy working with all of you.
At the Annual General Meeting of the European Development Finance Institutions association (EDFI) at the end of May, the Board of Directors will nominate me as its new Chair. If appointed as EDFI chair, it will be an honour and an immense pleasure to further the DFIs’ development impact mission and to enhance the cooperation of the European DFIs with our strategic partners around the globe.
BIO's response to the articles published by CNCD 11.11.11 on BIO's investment in PHC (Feronia)
On 13 March 2023, CNCD-11.11.11, the umbrella organisation for French-speaking NGOs in Belgium, published two articles on BIO’s investment in Plantations et Huileries du Congo. The article give CNCD 11.11.11’s interpretation of BIO’s investment cycle in this project, from approval to exit. On several essential items, BIO’s perspective differs from CNCD 11.11.11’s interpretation.Read more
candi solar receives follow-on USD 14 M loan
candi solar, an innovative financial and clean energy platform that enables distributed energy infrastructure in emerging markets to be built at scale, has received a further USD 14 million equivalent multi-currency loan from a climate fund managed by Swiss impact investment manager, responsAbility Investments AG, and BIO, the Belgian Investment Company for Developing Countries.Read more
RGREEN INVEST and ECHOSYS INVEST announce first closing of AFRIGREEN Debt Impact Fund
RGREEN INVEST and ECHOSYS INVEST announce first closing of AFRIGREEN Debt Impact Fund securing gross commitment of €87.5M out of final target size of €100MRead more