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.

Oragroup

Venture Round in 2011
Oragroup SA is a banking institution that provides personal and business banking services across West and Central Africa. Founded in 1988 and headquartered in Lomé, Togo, the company operates under the Orabank brand and has a network of 149 branches in 12 countries, including Benin, Gabon, Guinea, Mauritania, and Togo, among others. Its product offerings encompass savings and term deposit accounts, various types of loans, money transfer services, foreign currency exchange, and digital banking solutions. Additionally, Oragroup SA engages in bancassurance and offers insurance products, catering to a diverse clientele throughout the region. The company operates as a subsidiary of ECP Financial Holding LLC.
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