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responsAbility Investments, the Swiss impact investment manager, and BIO, the Belgian Investment Company for Developing Countries, have provided a USD 10 million equivalent multi-currency loan to candi solar, a visionary financial and clean energy platform through which distributed energy infrastructure in emerging markets can be built at scale.

BIO has just published a call for tender for the next 3 Development Effectiveness Evaluations (period 2022- 2024), including a detailed Terms of Reference for the next evaluation that will focus on “BIO’s contribution to SDG10 – Reduced inequality and inclusive businesses”.

Belgian impact investor Incofin IM raises 45 million euros in a first investment round for its new impact fund focused on rural development in India.

During a launch ceremony at Résidence de Belgique in Abidjan, last Thursday, October 14, the Belgian Investment Company for Developing Countries (BIO) celebrated the opening of its first African office in Abidjan.

On the 27th of September 2021, Oxfam Belgium published the report ″Fuelling human rights violations″ addressing the problematic consequences of a bioethanol project co-financed by BIO. Oxfam's testimonies on the excesses concerning environment and health are mostly dated after 2015, two years after Maple Etanol prematurely reimbursed BIO and left our portfolio. Since then BIO no longer had access to the monitoring reports either.

Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking USD 100 million closed-ended fund focused on emerging and frontier market fintech investments.

Through European Financing Partners - a joint venture between the European Investment Bank (EIB) and several European DFIs - the Belgian Investment Company for Developing Countries (BIO) is investing EUR 1.56 million in the production of covid and other vaccines in Africa.

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.