Publication of BIO's first digital Development and Sustainability Report
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. This report serves as a commitment to translate our mission and principal mandate into investments and business development support that contribute significantly to the global community's development aspirations.
This publication showcases the role BIO plays in strengthening the private sector. By doing so, it is able to wield a powerful lever in promoting decent work, equal opportunities and sustainable economic growth vs combating climate change and inequalities. We understand that these are the primary barriers to sustainable economic development, and we firmly believe that entrepreneurship, often the largest source of employment in developing countries, can be a catalyst for positive change.
In this third edition, BIO places a special focus on SDG 10. It is an important but under-valued SDG that calls for reducing inequalities among and within countries. This pertains to inequalities in age, sex, ability, race, ethnicity, origin, religion, and economic status. Inequalities continue to be a significant concern despite progress and efforts to narrow disparities of opportunity, income, and power. Measuring inequality in all its manifestations is a crucial first step if we want to effectively reduce it within and among countries.
We invite everyone concerned with international solidarity to explore how BIO invests its resources to improve people's lives. This report provides a unique opportunity to delve deeper into the issues of impact and effect, underscoring BIO's commitment to promoting best practices in our collective journey towards achieving the 2030 Sustainable Development Goals.
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Climate Strategy Publication
18-04-2024
BIO has published a renewed Climate and ecological sustainability strategy for BIO’s investments.
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USD 40 M European Backing for Uganda Rural Telecom Expansion
06-03-2024
TowerCo of Africa Uganda has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank of Austria (OeEB) and Belgian Investment Company for Developing countries, to support new investment aimed at significantly improving mobile phone network coverage in rural areas of Uganda, unlocking digital empowerment and economic advancement.
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Reception 18 January 2024
12-02-2024
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.
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