The OPIC Blog

Archive for November, 2012

OPIC, Ex-Im Bank and USTDA Partner to increase clean energy investment in Africa

OPIC is partnering with two other U.S. government agencies to help promote U.S. private sector investment in clean energy projects in Africa through the Africa Clean Energy Development and Finance Center (CEDFC).  Acting U.S. Commerce Secretary Rebecca Blank this week launched the CEDFC, an interagency partnership of OPIC, the U.S. Export-Import Bank and the U.S. Trade and Development Agency (USTDA) Read more…

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Secretary Hillary Clinton awards OPIC client Sorwathe with Award for Corporate Excellence

Today, Secretary of State Hillary Clinton presented the U.S. Department of State 2012 small-medium sized business Award for Corporate Excellence to OPIC client Sorwathe, a Rwandan tea processing factory. The award honors U.S. business practices, corporate social responsibility and innovation in a company’s overseas operations. The company was chosen from 82 nominees and 11 finalists as the recipient of the Read more…

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Featured photo: Updating property records in the State of Mexico

OPIC financing is supporting a project by the Public Registry for the State of Mexico, to update all its property records currently stored in 19 buildings across the country, in order to provide greater accuracy and access. The photo shows the old storage system in one public registry in Toluca, Mexico, in which property titles and deeds were written in Read more…

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OPIC and the global microfinance industry

One of the core ways that OPIC carries out its mission to help channel private capital to address the world’s toughest development challenges is by working with microfinance institutions. In this guest post on the CGAP Microfinance Blog, Richard Greenberg and Loren Rodwin, Managing Directors, Micro and SME Finance at OPIC, outline some of the key ways OPIC is working Read more…

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Featured photo: Increasing investment in Indonesia’s infrastructure

OPIC Vice President of Insurance John Moran, right, and Sinthya Roesly, CEO of the Indonesia Infrastructure Guarantee Fund (IIGF), sign a memorandum of understanding between OPIC and IIGF which aims to increase investment in Indonesia’s infrastructure, with Under Secretary of Commerce Francisco Sanchez as a witness.

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Supporting the development of the next generation of African leaders

Africa’s labor force will be larger than China’s by 2035, according to statistics recently released by the Mo Ibrahim Foundation. By the end of the century, 41 percent of the world’s youth live in African. The Mo Ibrahim Foundation, which invests in governance and leadership to catalyze Africa’s transformation, has also released some other, less optimistic numbers about the continent, Read more…

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Sustainability: The new normal for business

Today, the World Economic Forum will host what is billed as “the world’s largest brainstorming meeting” – the Summit on the Global Agenda. Eight hundred leaders from the world’s business, political and academic communities will discuss ways to foster sustainable business practices to help build a “greener and socially more inclusive world.” The topic of focus at this year’s forum Read more…

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Featured photo: Constructing new homes in Haiti

A new home is being built in Haiti, which suffered extensive damage in the 2010 earthquake. Haiti 360 has used a $6 million loan from OPIC to build two concrete manufacturing plants, which are supporting new home construction and other infrastructure projects, including the extension of the runway at the airport in Haiti’s second largest city of Cap-Haitien. In 2012, Read more…

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South Sudan: The world’s newest developing nation

Last month, OPIC announced it was open for business in one-year-old South Sudan, the newly formed African country that seceded from Sudan in July 2011. The young country boasts enormous natural resources including oil, rich farmland and abundant wildlife across huge uncharted savannahs. It also faces formidable development challenges. Chief among those needs is the lack of basic infrastructure. During Read more…

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Featured photo: Hotel construction in Tanzania

Workers at the construction site of a new hotel on the Tanzanian coastline outside Dar es Salaam. A team from OPIC recently visited Tanzania to explore potential projects, including one in the tourism sector, which is a steadily growing component of the Tanzanian economy. OPIC’s interest in Tanzania reflects a larger focus on Sub-Saharan Africa, which is home to many Read more…

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