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 Ghana

Access Bank

Debt Financing in 2024
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Fidelity Bank Ghana

Non Equity Assistance in 2022
Fidelity Bank Ghana Limited is a commercial bank based in Accra, Ghana, established in 2006. It offers a range of banking products and services, including current and savings accounts, time deposits, internet banking, SMS banking, and money transfer services. The bank caters to various clients through executive and private banking, corporate finance, retail banking, mortgage, trade, wholesale banking, and treasury services. Additionally, Fidelity Bank Ghana supports government objectives in electrification and power generation by financing independent power providers and facilitates importation of refined crude oil. It also provides advisory services, issues securities, raises capital, and manages portfolio investments for clients through its subsidiaries. The bank is committed to meeting the financial needs of low-income customers, small-scale entrepreneurs, and rural communities.

XpressGas

Debt Financing in 2021
XpressGas Limited operates in the liquefied petroleum (LP) gas sector in Ghana, focusing on the marketing and distribution of LP gas to a diverse clientele, including industries, public institutions, and commercial consumers. The company provides a range of services, including operational management for mini-refilling plants, bulk hauling, and transportation for oil marketing and LP gas companies. XpressGas also manages a fleet of bulk haulage trucks, facilitating the delivery of LP gas through various channels such as refilling stations, consumer service stations, and cylinder depots. The firm aims to offer environmentally friendly LP gas solutions, catering to both households and businesses, while promoting access to cleaner energy alternatives to traditional wood fuel. Based in Tema, Ghana, XpressGas is committed to bridging the energy gap in the region.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Fidelity Bank Ghana

Debt Financing in 2016
Fidelity Bank Ghana Limited is a commercial bank based in Accra, Ghana, established in 2006. It offers a range of banking products and services, including current and savings accounts, time deposits, internet banking, SMS banking, and money transfer services. The bank caters to various clients through executive and private banking, corporate finance, retail banking, mortgage, trade, wholesale banking, and treasury services. Additionally, Fidelity Bank Ghana supports government objectives in electrification and power generation by financing independent power providers and facilitates importation of refined crude oil. It also provides advisory services, issues securities, raises capital, and manages portfolio investments for clients through its subsidiaries. The bank is committed to meeting the financial needs of low-income customers, small-scale entrepreneurs, and rural communities.

Bank of Africa

Venture Round in 2011
Bank of Africa, founded in Mali in 1982, has grown into a prominent banking group operating in 17 countries across Africa and one in France. The group comprises a network of 15 commercial banks, along with various financial institutions, including a financial corporation, a housing bank, a leasing company, a brokerage firm, two investment companies, and an asset management company. It provides a range of banking services, such as savings and current accounts, loans, insurance, and currency transfers, through branches and subsidiaries in West and East Africa, including countries like Ghana, Mali, Kenya, and Madagascar. Since 2010, Bank of Africa has been majority-owned by BMCE Bank, the second largest private bank in Morocco, which offers significant strategic and operational support, enhancing its access to international markets.
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