(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