Swisscontact Nepal on 4th July, 2019 signed a Memorandum of Understanding (MoU) with Business Oxygen Private Limited (BO2) to establish a working relationship between the two organizations. As per the understanding both will share information, portfolio and collaborate with potential identified partners.
BO2 is part of IFC’s Global SME Ventures initiative, which supports the creation of risk capital funds in fragile, frontier, and post-conflict markets. The SME Ventures are expanding to new markets where the need for risk capital remains high and potential for growth makes private equity an effective market solution. BO2 is Nepal’s first private-equity fund. This sector-agnostic fund combines risk capital financing with advisory support to help investee small and medium enterprises develop fundamental financial systems, quality-assurance standards, and corporate governance frameworks.