News

2018: a successful year for Incofin cvso Technical Assistance

May 9, 2019
2018: a successful year for Incofin cvso Technical Assistance

2018 was a successful year for Incofin cvso Technical Assistance (TA). Every year, Incofin cvso sets aside EUR 100,000 to co-finance projects that help its financial partners deliver effective and inclusive services in order to improve people’s lives. In 2018, Incofin cvso approved three new projects, including a project on scaling up mobile and agent banking solutions with Advans Côte […]

Impact Funds show constant growth figures

May 7, 2019
Impact Funds show constant growth figures

During the Annual General Assembly, Incofin cvso, the Belgian impact investment fund, presented healthy growth figures for 2018 in addition to their latest innovative projects. On the basis of these results, the Annual General Assembly approved a dividend of 2.5% for the eighth year in a row. This once again demonstrates that investments in sustainable projects are beneficial both for […]

Withholding tax exemption

April 16, 2019
Withholding tax exemption

The first tranche of 800 euros in dividends for each taxpayer has been exempt from withholding tax for the income year 2019. This exemption is applicable to all dividends from both Belgian and foreign companies. However, the exemption does not apply to dividends from investment funds and other legal constructions. However, the exemption does apply to recognised cooperative companies such […]

Incofin helps Advans Côte d’Ivoire bring affordable financial services to the client’s door step

December 18, 2018
Incofin helps Advans Côte d’Ivoire bring affordable financial services to the client’s door step

While only 15% of the adult population in Ivory Coast has a bank account, almost half of the population is using mobile internet services. This presents a tremendous opportunity for increasing the level of financial inclusion in the country by bringing affordable financial services to the client’s door step in a timely and cost-effective manner. Through its Technical Assistance program, […]

Financial results Q3 2018

December 17, 2018
Financial results Q3 2018

As of 30 September 2018, the investment portfolio of Incofin CVSO amounts to EUR 84 million (+12%), mainly due to an increase in the loan portfolio to 50 credits (49 in 2017) to 42 partner institutions in 28 countries (25 in 2017). Both the subordinated debts and participation portfolio remain stable. We hope to achieve new shareholdings during 2019. Thanks to […]

FPM SA is joining forces with Afriland First Bank CD in DR Congo

December 14, 2018
FPM SA is joining forces with Afriland First Bank CD in DR Congo

In September of this year, the Financial Inclusion Fund FPM SA (FPM), of which Incofin cvso is a founding shareholder, signed a partnership agreement with Afriland First Bank CD (Afriland) in the Democratic Republic of the Congo. FPM is advised by Incofin Investment Management (Incofin) and despite difficult socio-political circumstances in the country, Incofin has succeeded in supporting local micro- […]

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