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 […]
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, […]
As of 30 September 2018, the investment portfolio of Incofin Microfinance Fund 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 […]
In September of this year, the Financial Inclusion Fund FPM SA (FPM), of which Incofin Microfinance Fund 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 […]
This year, Incofin Microfinance Fund’s Technical Assistance program supported an initiative to develop a crop insurance to protect smallholder farmers in Nicaragua from the devastating effects of climate change. The insurance product uses satellite imagery to measure the magnitude of droughts and storms, triggering payouts that provide financial stability for farmers when climat events strike. Until recently and due to […]
Incofin is pleased to announce the first successful investment of the Fairtrade Access Fund (FAF), co-founded by Incofin Microfinance Fund, in East DR Congo. The FAF invested USD 300.000 in a coffee cooperative. Operating in this region of Congo is particularly challenging because of the unpredictable political situation. In fact, FAF is one of the very few international creditors operating […]