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 Burkina Faso

Acep Burkina

Debt Financing in 2016
ACEP Burkina is a MFI specialized in the financing of micro companies and very small enterprises existing in towns and close suburbs. Granted credits are mainly used to finance required working capital and investments. I&P and ACEP International which are old partners have decided to partner in 2008 to try to start a microfinance institution like ACEP in the country. In spite of a preexisting important mutual fund present in town zone, small entrepreneurs remain hardly linked to microfinance. Besides, it does not exist for the moment in Burkina Faso, a microfinance institution specialized in individual credit with an effective and appropriate technique of credit risk analysis towards very small companies. Financings trough subventions have been secured from the French Agency of Development then an agreement has been obtained from the ministry of finances in June 2012. The microfinance institution has started its activities in October 2012.

Alios Finance Group

Debt Financing in 2015
Alios Finance Group is a prominent financial services provider based in South Africa, specializing in personal and investment financing solutions tailored for both individuals and professionals. The company operates across nine Sub-Saharan African countries, including Burkina Faso, Cameroon, Ivory Coast, Gabon, Kenya, Mali, Senegal, Tanzania, and Zambia, as well as in North Africa, particularly Algeria and Tunisia. Alios Finance Group offers a comprehensive suite of services, including financial leases, investment loans, hire purchases, operating leases, short-term loans, personal loans, equipment loans, and car loans, catering to the diverse needs of its clients in both the private and public sectors.

Bank of Africa

Venture Round in 2011
Bank of Africa is a banking institution based in Casablanca, Morocco, established in 1982, initially in Mali. It has grown into a prominent financial group with a presence in 17 countries across Africa and one in France. The network includes eight banks in West Africa—specifically in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Mali, Niger, Senegal, and Togo—and seven banks in East Africa and the Indian Ocean, located in Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Tanzania, and Uganda, along with a bank in the Democratic Republic of the Congo. The Bank offers a variety of financial services, including savings and current accounts, loans, insurance, and foreign exchange services through its branches and subsidiaries. Since 2010, the majority ownership of Bank of Africa has been held by BMCE Bank, Morocco's second largest private bank, which provides strategic support and facilitates access to international markets.

Oragroup

Venture Round in 2011
Oragroup SA is a banking institution that provides a range of personal and business banking services across West and Central Africa. Established in 1988 and headquartered in Lomé, Togo, the company operates under the brand Orabank and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, Burkina Faso, Côte d'Ivoire, Guinea Bissau, Mali, Niger, Senegal, and Togo. Oragroup's offerings encompass various financial products, such as savings accounts, term deposits, operating and investment loans, employee loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, the bank provides payment services and bancassurance products, catering to both individual and corporate clients.
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