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.
On the 18th of January, BIO organised a reception as a celebration of the New Year, the first edition of the Ubora Prize, and the handover of the position of CEO of BIO of Luuk Zonneveld to Joris Totté.
IFC, a member of the World Bank Group, in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers have reached the first close of the $150 million SIMA Commercial & Industrial Solar Green Bond, which will finance small-scale productive-use solar projects throughout Africa.
It is with great pleasure and enthusiasm that the Belgian Investment Company for Developing Countries (BIO) announces the publication of its first-ever digital edition of its Development and Sustainability Report.