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 East Africa

KCB Group

Non Equity Assistance in 2022
Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution.

Poa Internet

Grant in 2022
Poa Internet Ltd. is a telecommunications company founded in 2015 and based in Nairobi, Kenya. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in Kibera and Kwangware. The company aims to make internet access affordable and reliable, offering prices that are 40% lower than traditional network operators. Poa delivers its services through a comprehensive Wi-Fi network that ensures connectivity throughout entire neighborhoods, allowing users to access the internet on any Wi-Fi-enabled device. Additionally, Poa stands out from competitors by providing transparent pricing, non-time-limited data bundles, and free online content and tools, including job boards and marketplaces.

Electrical Controls & Switchgear

Non Equity Assistance in 2022
Electrical Controls & Switchgear is a manufacturer and supplier of electrical switchgear, transformers, and panels.

EFC Uganda

Venture Round in 2021
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focusing on providing specialized loans to support the growth of local wealth. The organization offers microloans at competitive interest rates to micro and small-size entrepreneurs (MSEs), facilitating increased economic activity. In addition to loans, EFC Uganda provides various savings account options, including regular, premium, and term deposit accounts, enabling clients to create value and enhance their financial stability. Through its services, EFC Uganda aims to empower entrepreneurs and contribute to the overall economic development of the region.

FINCA Malawi

Debt Financing in 2019
FINCA Malawi is a licensed deposit-taking financial institution offering individual loans, savings, and insurance products designed for the local market.

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. The company offers a range of services, including leasing, investment credit, long-term rental, consumer credit, personal loans, hire purchase, and equipment credit. Operating in nine Sub-Saharan countries—Burkina Faso, Cameroon, Ivory Coast, Gabon, Kenya, Mali, Senegal, Tanzania, and Zambia—Alios Finance Group also has a presence in North Africa through its main shareholder, Tunisie Leasing Group. The firm focuses on delivering specialized financial solutions tailored to the needs of professionals and individuals across the African continent.
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.