Press releases

BIO supports Kivuwatt electricity project in Rwanda
01.09.2011
BIO participates in a loan facility of USD 91.25 million with the Emerging Africa Infrastructure Fund, the Netherlands Development Finance Company (FMO) and the African Development Bank to support the KivuWatt project, which aims at removing and processing otherwise hazardous methane gas trapped in the waters of Lake Kivu for use as fuel to generate critically needed electricity.

BIO participates in Financing Package for East-African Railway Company
02.08.2011
BIO and other Global Institutions signed a loan agreement with an East-African railway company, to rehabilitate and upgrade its infrastructure in Kenya and Uganda. The project aims to transform the railway concession into a reliable and operating service for the benefit of the local population, thus boosting economic and social development in the region.
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BIO’s first direct infrastructure investment in Honduras
11.07.2011
Promoting small-scale renewable energy

BIO has committed USD 3 million to Semsa, the independent developer of a hydroelectric project on the Mezapa River in the rural Department Atlantida, Honduras. The investment program involves the construction of a 9.4MW run-of-the river hydropower station, connected to the local grid. While meeting environmental concerns, the project reduces dependency on conventional fuel and improves infrastructure and employment for the local community.
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BIO’s first direct SME investment in Mongolia
08.06.2011
Boosting the leading dairy processor

BIO has committed USD 2 million to Suu, the leading dairy processor based in Ulaanbaatar, Mongolia. The investment program aims at increasing and modernising Suu’s processing capacity and extending its raw milk supply chain. As a result, 2500 existing and 1500 new herders involved in the milk supply chain will obtain a higher and more sustainable income, quality standards will be raised and the country’s self-sustainability for domestic milk product supply will be improved.
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BIO increases presence in the banking sector in Central America
04.04.2011
Making leasing accessible for SMEs

BIO has committed a USD 5 million senior loan to Banco Improsa SA to support the bank in further growing its leasing business in Central America through its offices in i.e. Nicaragua, Honduras, El Salvador and Guatemala. This investment will help increasing the leasing offer to local companies who are often unable to get the credit they need to expand their operations. As leasing services still have a low penetration in the region, the support to Banco Improsa shows a growing perspective.
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