Press releases

  • New FPM SA fund to provide tailor made financing for MSMEs in the DRC

  • 24.09.2014
  • Kinshasa, 26 September 2014 – Today the first General Assembly and meeting of the Board of Directors of FPM SA (Fonds pour l’inclusion financière en République Démocratique Congo) takes place in Kinshasa, the Democratic Republic of the Congo (DRC). FPM SA (FPM), a new Fund for Financial Inclusion will support financial institutions targeting small and medium enterprises in DRC. This new financial instrument will complement “FPM ASBL” which has been operating in the DRC since 2007 and focuses on providing Technical Assistance (TA) to Congolese Finance Institutions. More than 50 TA-projects have been carried out so far.

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  • PR BIO's first management contract

  • 08.05.2014
  • As foreseen by the new Law on the Belgian Investment Company for Developing Countries (BIO) of January 2014, a first management contract between BIO and the Belgian State was adopted and published in the Belgian Official Journal last April 2014. It details the missions, values, principles, main strategic pillars and methods for BIO’s interventions for 2014 - 2018. It also specifies BIO’s financing terms by the Belgian State and emphasises the importance of all actors of the Belgian Development Cooperation collaborating and using their complementarity to a maximum. This with the aim to create access to finance for micro, small and medium-sized enterprises (MSME) and enterprises of the social economy in the countries of intervention.

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  • BIO welcomes new law

  • 19.03.2014
  • On December 5th 2013, the Belgian Chamber of Representatives approved a new law modifying the Law of 2001 addressing the constitution of BIO, Belgian Investment Company for Developing Countries. BIO is delighted with this new law, which turns BIO into the reference on local private sector financing within development cooperation.

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  • Réponse aux critiques émises au sujet du projet ADDAX Bioenergy en Sierra Leone

  • 11.06.2013
  • Avant tout, il est utile de rappeler que le projet est soutenu ou cité en exemple par les plus grandes autorités en matière de sécurité alimentaire : la FAO et le rapporteur spécial des Nations Unies sur le droit à l’alimentation, Olivier de Schutter qui dit du projet : « Je me réjouis du soin apporté par Addax Bioenergy aux études d’impact et à l’écoute de la population. C’est une expérience pilote ; si celle-ci ne réussit pas, cela signifiera que rien ne marche ». Le projet est également perçu positivement par nombre d’organisations de la société civile sierra léonaise* , et a fait l’objet de nombreux rapports et articles positifs ou plus pondérés**.

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  • BIO’s reaction to recent press articles

  • 19.04.2013
  • BIO wishes to rectify certain erroneous information published in the press on its subject. BIO supports SMEs in developing countries, in numerous sectors which create jobs and value added locally. Since it was set up, BIO has supported, directly and via intermediary structures, hundreds of thousands of end beneficiaries in developing countries. The projects supported by BIO have considerable positive effects on the development of the local economic fabric in poor countries and contribute to improving the living conditions of the local population.

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