Belgian Investment Company for Developing Countries

The Belgian Investment Company for Developing Countries (BIO) is an economic development agency located in Brussels, Belgium, founded in 2001. Its primary goal is to foster a robust private sector in developing and emerging countries, facilitating access to sustainable growth and development. BIO directly invests in private sector projects, contributing significantly to the socio-economic development of the host countries. The agency's mandate emphasizes specific geographical targets, diverse financing tools, and a strong focus on the impact of its investments on development, aligning with international development goals. The management of BIO's assets is overseen by its executive management team, ensuring that its initiatives effectively support sustainable economic progress in the regions it serves.

Carole Maman

Chief Investment Officer

Past deals in Bangladesh

Mutual Trust Bank

Debt Financing in 2024
Mutual Trust Bank offers a range of commercial banking services in Bangladesh. It provides retail banking products such as deposits, personal loans, and cards, along with wholesale banking services including term finance, working capital finance, and syndications. The bank also offers trade finance, treasury services, cash management, remittance, and digital banking facilities through its extensive network of branches, ATMs, and point-of-sale machines.

South Asia Growth Fund II (SAGFII)

Venture Round in 2019
South Asia Growth Fund II (SAGF II), an investment fund dedicated to support energy and water efficiency in India and Bangladesh,

Summit Power International

Debt Financing in 2014
Summit Power International Limited is an independent power producer based in Singapore, primarily focused on the generation and supply of electricity in Bangladesh. Incorporated in 2016, the company is a subsidiary of Summit Group and plays a significant role in the country’s energy sector, holding 17% of the private installed capacity. Summit Power International owns and operates 15 power plants with a total installed capacity of approximately 976 MW, supplying electricity to the Bangladesh Power Development Board and the Bangladesh Rural Electrification Board. The company is also engaged in developing additional infrastructure, including a 590 MW dual-fuel power plant and a Floating Storage and Regasification Unit that delivers 500 mmcfd of gas. With strategic partnerships, including a 22% stake from JERA Co., Inc. and collaboration with Mitsubishi Corporation, Summit Power International is committed to enhancing Bangladesh's energy security and promoting sustainable growth in the sector.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.