About
FMO is a financial institution based in the Netherlands that focuses on private sector development in developing countries. Founded in 1970, FMO aims to support sustainable private sector growth by investing in ambitious projects and entrepreneurs across 85 countries. Its mission includes generating jobs and improving people’s lives in regions where it can make the most significant impact.
Project Focus
Shell Foundation and FMO have a Memorandum of Understanding (MoU) to support the just and inclusive energy transition in sub-Saharan Africa and India. The multi-year agreement signed in 2022 will explore new climate financing opportunities, facilitate market creation in cutting-edge renewable spheres, and encourage a coordinated funding approach for the distributed renewable energy sector.
The MOU builds on a previous agreement that concluded in 2019, as well as collaborations and co-investments in companies and financial intermediaries, such as the Energy and Entrepreneurs Growth Fund (EEGF) and SIMA Fund’s Energy Access Relief Fund (EARF).
Insights and impact
Latest news and updates
Fostering Innovation
Micro-Entrepreneurs
India
Clean Cooking
From flame to plug: what India’s micro-food vendors tell us about the commercial future of clean cooking
New research shows how electric cooking is improving productivity, incomes, and working conditions for micro-food vendors across India.
18th March 2026
Gender
Micro-Entrepreneurs
East Africa
West Africa
Clean Cooking
Cold Storage
Smart Energy Systems
What gender-responsive financing can unlock for women entrepreneurs
A Gender Results-Based Financing pilot shows how targeted incentives can unlock income growth, resilience, and opportunity for women entrepreneurs.
08th March 2026