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 Uganda

KCB Group

Non Equity Assistance in 2022
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.

EFC Uganda

Venture Round in 2021
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focused on fostering local wealth development. The company provides specialized microloans at competitive interest rates to micro and small enterprises (MSEs), aiming to support their growth and economic contribution. In addition to loans, EFC Uganda offers a range of savings products, including regular, premium, and term deposit accounts, which enable clients to enhance their financial stability and engage in increased economic activity. Through its services, EFC Uganda seeks to empower entrepreneurs and contribute to the overall economic development of the region.

KCB Group

Debt Financing in 2020
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.

EFC Uganda

Non Equity Assistance in 2019
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focused on fostering local wealth development. The company provides specialized microloans at competitive interest rates to micro and small enterprises (MSEs), aiming to support their growth and economic contribution. In addition to loans, EFC Uganda offers a range of savings products, including regular, premium, and term deposit accounts, which enable clients to enhance their financial stability and engage in increased economic activity. Through its services, EFC Uganda seeks to empower entrepreneurs and contribute to the overall economic development of the region.

EFC Uganda

Venture Round in 2018
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focused on fostering local wealth development. The company provides specialized microloans at competitive interest rates to micro and small enterprises (MSEs), aiming to support their growth and economic contribution. In addition to loans, EFC Uganda offers a range of savings products, including regular, premium, and term deposit accounts, which enable clients to enhance their financial stability and engage in increased economic activity. Through its services, EFC Uganda seeks to empower entrepreneurs and contribute to the overall economic development of the region.

ARPE

Debt Financing in 2016
ARPE is a project company developing, constructing, and operating different hydro power projects in Northern Uganda.

EFC Uganda

Non Equity Assistance in 2016
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focused on fostering local wealth development. The company provides specialized microloans at competitive interest rates to micro and small enterprises (MSEs), aiming to support their growth and economic contribution. In addition to loans, EFC Uganda offers a range of savings products, including regular, premium, and term deposit accounts, which enable clients to enhance their financial stability and engage in increased economic activity. Through its services, EFC Uganda seeks to empower entrepreneurs and contribute to the overall economic development of the region.

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.
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