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Belgian Fund Bio-Invest injected €40.5M in Africa’s finance sector in 2016

Friday, 13 October 2017 20:10

(Ecofin Agency) - Developing nations focused Belgian investment fund, Bio-Invest, has invested €40.5 million in loans and assets acquisitions in Africa’s financial sector, in 2016. According to the firm’s 2016 annual report, its most important commitment in this sector amounts to €14.23 million, and is a number of loans to Fidelity Bank Ghana.

There is also a €10 million loan granted to Orabank’s Ivoirian subsidiary, and a €10 million grant on private funds, to the Mauritian private equity fund Adenia Capital IV.

Overall, Bio-Invest’s commitments in financial institutions and investment funds was €116 million, in Africa alone, over the reviewed period.

Besides finance, the Belgian institution invests in many other sectors such as agriculture and power. Between 2008 and 2016, its total net liabilities stood at €692.1 million, for €463.2 of outstanding loans.

Idriss Linge

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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