Evaluation of 5 investments of BIO in East Africa

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01.08.2016
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BIO is the Belgian Investment Company for Developing Countries. In the framework of its agreement with the Belgian Government, it is mandated to conduct an annual evaluation of a sample of its investments.



For 2015, BIO selected 5 investments in the financial sector in East-Africa, which comprise a sample of indirect investments in micro, small and medium-sized companies (MSMEs):

  • 3 financial institutions, namely Bank of Africa Tanzania, and AccessBank Tanzania focusing on MSMEs in Tanzania, and EFC Uganda, a microfinance institution targeting micro and small enterprises in Uganda. 
  • 2 funds, namely Grofin East Africa Fund and Catalyst Fund I that invest in larger SMEs in the East African Region

For more findings, find here the summary of the evaluation.

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