News

The Belgian Investment Company for Developing Countries (BIO) has granted a loan of USD 13.6 M to BRAC International as part of a USD 32.3 M debt financing round together with Proparco, Ceniarth and Global Partnership. USD 20 M of this will be used to support the growth of the microfinance activity in Tanzania, with the remainder of the investment going to other Sub-Saharan African entities in Liberia and, Sierra Leone.

Impact Finance Belgium (IFB) announced the next CEO to lead and scale-up the organisation to the next level.

Candi Solar secures an additional USD 18 Million in debt funding from responsAbility and BIO to accelerate solar energy expansion in India and South Africa

IFC arranged a $75 million financing package for TerraPay, which includes a $30 million loan from IFC's own account, a B Loan of $15 million provided by asset manager ILX under IFC's B Loan Program, and a combined parallel loan of $30 million from development finance institutions OP Finnfund Global Impact Fund I and BIO.

BIO Supports MSME Growth and Sustainability in Bangladesh with USD 15 Million Loan to Mutual Trust Bank

BIO has published a renewed Climate and ecological sustainability strategy for BIO’s investments.

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.

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.