Banque néerlandaise de développement : institutions financières, énergie et agro-industrie dans les pays émergents.
Based on observed investment behaviour: 15 recorded deals
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Criteria published by the fund, recorded and checked by Invest Matching.
* added from its deals
FMO project page 'Investment in contracting phase' published on 1 April 2026; co-lender not named.
Activity : Banking
Instrument : EUR 30m FMO senior loan in a syndication of up to EUR 65m co-led with another European DFI; EFSD+ guarantee
Long-term funding for MSME lending.
Why they invested
Source : fmo.nlN1 · Primary source · Other sources : Ecomatin
Recent public deals: they say better than a thesis what the fund actually signs.
Activity : Electric mobility
M-KOPA Kenya Mobility, the electric motorcycle financing arm of African fintech M-KOPA, has secured a USD 30 M senior debt facility from Dutch development bank FMO to accelerate electric motorcycle adoption in Kenya.
Source : weetracker.com
Co-investor alongside BlueOrchard Finance
Activity : Digital lending and scoring
Fido Ghana Secures $5.5M Debt to Sharpen AI Credit Scoring for Africa’s...
Co-investors Fortissimo Capital, Growth Investment Partners, Stanbic Bank Ghana
Source : launchbaseafrica.com
Activity : SME finance
Lula , a South African fintech founded in 2014 by Trevor Gosling and Michael Foley, has raised ZAR 340 M (~USD 21 M) in funding from Dutch development bank FMO to scale lending to small and medium-sized businesses.
Source : weetracker.com
Co-investor alongside Inspired Evolution
Activity : Off-grid solar and solar kits
South African renewable energy firm SolarSaver has raised USD 60 M to accelerate access to affordable and reliable solar power for SMEs across South Africa, Namibia, Botswana, and Zambia.
Co-investors Swedfund
Source : weetracker.com
Co-investor alongside Mediterrania Capital Partners
Activity : Banking
Instrument : Co-investissement de 100 M EUR mené par MCP
Coris Holding is a regional banking group operating across several WAEMU and West African countries through Coris Bank International.
Why they invested
Advisers
Co-investors BIO, British International Investment, Impact Fund Denmark
Source : mcapitalp.comN1 · Primary source
Co-investor alongside Remgro
Activity : Telecom operators and ISPs
Mawingu, a Kenyan internet service provider (ISP) focused on connecting underserved communities, has raised $20M.
Co-investors Africa Go Green Fund (AGG), InfraCo Africa
Source : launchbaseafrica.com
Co-investor alongside Cathay AfricInvest Innovation Fund
Activity : Agritech
South African agri-tech startup Nile has secured ZAR200m (US$11.3m) in funding to expand its operations across Southern Africa.
Source : launchbaseafrica.com
Activity : Banking
East Africa’s Financial Sector Gets Boost with FMO’s USD 10 M Equity Infusion in I&M Group.
Source : weetracker.com
Co-investor alongside TLcom Capital
Activity : Fintech infrastructure (APIs, open banking, BaaS)
Vehicle : TIDE Africa Fund II
HUB2 provides a unified API enabling neobanks, remittance and payment companies to process mobile money, bank transfers, card and crypto transactions across six Francophone countries.
Why they invested
Co-investors Africa Fintech Collective, Axian CVC, Bpifrance (Fonds Averroès / Afrique), Digital Currency Group, ENL Group, Enza Capital
Source : weetracker.com
Activity : Mini-grids and rural electrification
Hydrobox, a renewable energy company specializing in small-scale hydropower solutions, has secured $9.5 mi
Co-investors ElectriFI
Source : launchbaseafrica.com
Activity : Digital lending and scoring
Team at Fido.
Co-investors Fortissimo Capital
Source : launchbaseafrica.com
Fund-of-funds commitment: subscription in Joliba Capital
Co-investor alongside IFC (International Finance Corporation)
Activity : Fonds d'investissement
Instrument : Souscription pouvant atteindre 15 M EUR (7,5 M EUR du programme SME Ventures, 7,5 M EUR du guichet IDA) · Vehicle : Joliba Fund I
Joliba Fund I is a private equity fund targeting SMEs in Francophone West and Central Africa. It invests in consumer goods and services, financial services, transport and logistics, agribusiness, business services, healthcare and education.
Why they invested
Co-investors LBO France, Proparco
Source : ifc.orgN1 · Primary source
Co-investor alongside Africa50
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : 15% equity stake
NHPC develops and operates the 420 MW Nachtigal hydropower plant and its associated transmission line.
Why they invested
Co-investors Africa Finance Corporation (AFC), Banque africaine de développement (BAD), European Investment Bank, British International Investment, DEG, EDF, Emerging Africa Infrastructure Fund, IFC (International Finance Corporation), OPEC Fund for International Development, Proparco, République du Cameroun, STOA
Source : africa50.comN1 · Primary source
Co-investor alongside IFC (International Finance Corporation)
Activity : Centrale à gaz
Instrument : Dette syndiquée coordonnée par l'IFC avec prêts parallèles ; FMO 18 M EUR ; syndicat local mené par Standard Chartered (env. 60 M EUR)
216 MW gas-fired plant and 100 km line.
Co-investors Banque africaine de développement (BAD), BDEAC (Banque de développement des États de l'Afrique centrale), European Investment Bank, Proparco, Standard Chartered
Co-investor alongside Banque africaine de développement (BAD)
Activity : Centrale thermique
Instrument : 66 M EUR de prêts : BAD, IFC et FMO, 22 M EUR chacun
86 MW thermal plant near Douala.
Co-investors IFC (International Finance Corporation) (Co-Lead)
FMO invests tickets ranging from 9.5 M$ to 30 M$, across the following sectors: Financial services, Fintech, Energy, Agribusiness, and Telecoms & digital infrastructure, in the following areas: West Africa, East Africa, Central Africa, and Southern Africa. Check in 30 seconds whether your company fits these criteria.
