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Photos: Low-income housing in South Africa

August 26, 2011

OPIC’s 2002 loan guaranty to a South African lender has led to the construction of thousands of homes for low-incomeresidents in South Africa, while supporting may small construction businesses and creating jobs. The project is outlined in more detail on OPIC’s website. Below are some photos.  

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Project Snapshot: Opening a door to homeownership in South Africa

August 23, 2011

Site South Africa Sector Housing Challenge Large numbers of homeless in South Africa needed housing but even with government subsidies in place, local builders were often unable to obtain bank loans for construction projects. Solution OPIC, together with the Soros Foundation, provided a loan guaranty to a major South African bank to support lending to home builders through the country’s
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OPIC co-hosts luncheon for companies interested in investing in MENA

August 15, 2011

OPIC co-hosted a luncheon with the State Department at the Chamber of Commerce on August 11 for U.S. Companies investing, or interested in investing, in Egypt and Tunisia.  OPIC’s Executive Vice President Mimi Alemayehou, and Managing Director of Investment Development and Coordination John Moran (pictured), spoke to representatives of some 40 major U.S. companies about the financial tools OPIC offers
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Renewable energy: “A seismic economic opportunity”

August 05, 2011

John Morton, Vice President of Investment Policy at OPIC recently spoke at the Asia Clean Energy Forum, where he described the worldwide transition to cleaner forms of energy as “perhaps the most predictable economic transformation in modern history.” Here Morton details the environmental, economic and social benefits of renewable energy and discusses OPIC’s efforts to expand its presence in the
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Photo: President of Guinea visits OPIC

August 02, 2011

Alpha Condé, President of the Republic of Guinea, visited OPIC August 1 and met with OPIC President and CEO Elizabeth Littlefield and OPIC Executive Vice President Mimi Alemayehou. President Condé highlighted some of the policy changes he is working to implement in Guinea. The group discussed opportunities for private investment in Guinea, primarily in the power, water, and agricultural sectors,
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Project Profile: OPIC loans fund India’s first large scale solar power plants

August 02, 2011

Site India Sector Solar power Challenge Advance India’s goal of generating more power from renewable sources and bring power to rural areas located outside the existing electricity grid. Solution An initial loan of $6.2 million to Azure Power to construct a 2-megawatt solar power plant in Punjab. Additional loans for the construction of two other plants have followed. Impact More
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