Carole Maman, Chief Investment Officer, BIO: “West Africa is set to become a bigger part of our portfolio”
The Belgian donor for developing countries decided to get closer to the continent by opening an office in Abidjan. The Côte d’Ivoire office was inaugurated in October, under the leadership of former consultant and investment officer Maximilien d’Harcourt. BIO has already provided three investments from the Côte d’Ivoire economic capital: support to the gas distributor Xpress Gas (in Ghana), and two contributions to financial institutions, Cofina in Mali, for €3 million, and Advans in Côte d’Ivoire, for €2 million.
Someone shares this article with you
▪ Carole Maman, Chief Investment Officer, BIO: “West Africa is set to become a bigger part of our portfolio”
▪ The Belgian donor for developing countries decided to get closer to the continent by opening an office in Abidjan. The Côte d’Ivoire office was inaugurated in October, under the leadership of former consultant and investment officer Maximilien d’Harcourt. BIO has already provided three investments from the Côte d’Ivoire economic capital: support to the gas distributor Xpress Gas (in Ghana), and two contributions to financial institutions, Cofina in Mali, for €3 million, and Advans in Côte d’Ivoire, for €2 million.
▪ https://www.africabusinessplus.com/en/810293/carole-maman-chief-investment-officer-bio-west-africa-is-set-to-become-a-bigger-part-of-our-portfolio/
In Africa, the Belgian Investment Company for Developing Countries (BIO) wants to expand south of the Sahara. By the end of 2020, €353 million of the €815 million invested were in sub-Saharan Africa, i.e. 43% of the portfolio. The Belgian state-owned and financed institution intends to open a new office for East Africa, in Nairobi, in 2022. Ahead of this second opening, Africa Business+ spoke to Carole Maman, the group’s Chief Investment Officer(CIO), about the reasons for this dual location.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Agri-food industry
10/09/2021 at 16h15, by Aurelie Benoit, updated 13/09/2021
Kishore Parwani and Atul Nijhawan tap IFC for Kings Beverages Freetown factory upgrade
The two entrepreneurs, active in mining in Sierra Leone, are busy boosting the production of their beverages...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.