The OPIC Blog

Archive for July, 2012

Sharing OPIC’s story: A conversation with Judith Pryor, Vice President of Office of External Affairs

In your experience, what is it that people find most interesting about OPIC’s work and what do they find most surprising? It varies by audience, of course, but in general OPIC’s project success stories are what people are most interested in. People like to hear how two college friends who traveled through Brazil came up with the idea to introduce Read more…

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“The most promising frontier market in the world today”

OPIC President and CEO Elizabeth Littlefield told Congress on Wednesday July 25 that Africa presented extensive investment and development opportunities but that U.S. businesses remain underrepresented on the continent. During the panel discussion, Embracing Africa’s Market Potential, before the Africa Subcommittee of the Senate Foreign Relations Committee, Littlefield described how OPIC supports long-term U.S. investments in Africa through political risk insurance, Read more…

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Featured photo: Helping more farmers grow more food

The head agronomist at the Forestry Agricultural Investment Management (FAIM) farm in Rwamagana, Rwanda. FAIM is  applying its plant propagation technology to improve crop yields, and obtained a loan from OPIC in 2012 to support its work in Rwanda, the most densely populated country in Africa, where many families suffer from food insecurity and malnutrition. While a majority of Rwandans are Read more…

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Making education a community effort

Earlier this year, we featured some photos from our Netketabi project in the West Bank, which is supporting a program to sell laptop computers stocked with books and other educational materials, to families with school-age children. We recently checked in the project sponsors who report that 7,500 computers have been purchased through the program to date. Students are using the computers  Read more…

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OPIC receives environmental finance award for sustainable forestry

Always seeking to offer products that support sustainable development, the Overseas Private Investment Corporation (OPIC) is pleased to share the news that Environmental Finance magazine has announced the agency and Terra Global Capital, a U.S-based leading land-use carbon development and investment company, as the recipients of their distinguished Sustainable Forestry Transaction of the Year award. The award specifically recognizes OPIC Read more…

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Featured photo: International community school expansion in Kumasi, Ghana

A student at the International Community School (ICS) in Kumasi, Ghana. An OPIC loan has helped fund the expansion of this K-12 school, which offers rigorous curriculum that prepares students for college and careers. Unlike other International Schools in Ghana that serve a largely expatriate population, ICS focuses on educating local Ghanaians, who comprise 91% of the student body and Read more…

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U.S. businesses are underrepresented in emerging markets, Littlefield says

At a time that the U.S. economy is tied more closely than ever to the world economy and some of the strongest economic growth is occurring in developing countries, American businesses are underrepresented in many of these high-growth regions, OPIC President and CEO Elizabeth Littlefield said. Littlefield, who spoke on Tuesday, July 17 at the Women in Finance symposium at Read more…

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Featured photo: Blessings hair salon in Kawangware, Nairobi

Jane Akoth, owner of Blessings Hair Salon in the Nairobi suburb of Kawangware, used a microloan from Musoni – a Kenyan microfinance institution that enables clients to manage their loans via mobile phones – to buy new dryers and other machines that have helped her business grow after theft almost ruined her a few years ago. Musoni’s technology enables Jane Read more…

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Featured photo: Recycled paper manufacturing plant in Lagos, Nigeria

A Bel Papyrus Ltd. paper manufacturing plant in Lagos, Nigeria, one of the few plants in the country where paper is recycled. OPIC is providing financing in a deal to expand a new production line that will double the plant’s capacity and significantly expand its ability to produce paper from recycled materials. Used paper is sorted, shredded and baled before Read more…

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Monthly news wrap-up: June 2012

June was an eventful month for OPIC, which hosted its latest board meeting and approved several funding deals addressing a range of development challenges in a variety of regions. The board’s approvals included two solar projects in Peru, an Internet expansion project in East Africa, and several new investment funds that will bring the latest renewable energy technologies to emerging Read more…

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