Finance

Dutch FMO’s Africa portfolio rose by €80.3 mln in H1 2019

Dutch FMO’s Africa portfolio rose by €80.3 mln in H1 2019
Monday, 02 September 2019 13:43

The Africa portfolio of Dutch development bank FMO increased by €80.3 million during the first half this year, we learnt. The figure was €2.84 billion at the end of June 2019 against €2.75 billion at the end of Dec 2018.

According to data, the financial sector captured the lion’s share of the investments over the period. Indeed the Dutch bank is a shareholder of the investment vehicle Arise BV which, together with Norfund (Norwegian Investment Fund for Developing Countries), owns a number of banking assets in Africa. FMO also backed several investment funds operating in Africa.

Apart from private equity investments, the bank has footprint in syndicated loan arrangements, trade finance, and support to Dutch companies as well as capacity building process. All these services represent key sources of income, in addition to interest income. However, over the period reviewed, FMO’s lending activities suffered drastic impairments, which in turn affected its net income for the first half of 2019.

Idriss Linge

On the same topic
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Burkina Faso has created Yennenga Holding to centralize state stakes in banks and a reinsurer. The new entity will manage holdings in BCB, BADF,...
Chinaplans to remove tariffs on imports from African countries starting May 1, 2026. Analysts say more industrialized African economies could...
CEMAC prices fall 0.4% in Q4 2025, ending five-year rise Inflation stood at 2.8%, below region’s 3% threshold Sharpest price declines recorded in...
Most Read
01

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
02

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
03

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
04

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.