The OPIC Blog

Archive for September, 2014

Improving lives through development: Highlights from OPIC’s Annual Report on Development Impact

By Margaret Kuhlow Vice President, OPIC Office of Investment Policy OPIC seeks to support projects that will serve as foundations for sustained economic growth, and the projects we support typically bring far-reaching benefits. A power plant, for example, has the immediate benefit of bringing new electricity to market. But it may also create jobs, generate tax revenue and introduce advanced Read more…

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Featured photo: Supporting microfinance lending in sub-Saharan Africa

The credit portfolio manager of WAGES, a microfinance institution in Sub-Saharan Africa, speaks to a group of farmers in Togo who have used micro-loans to install micro-irrigation systems to improve crop productivity. OPIC, along with the Calvert Foundation, is providing financing for the launch of a new fund for microfinance institutions that are members of the Participatory Microfinance Group for Read more…

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Development, National Security And OPIC: Secretary Kerry Connects the Dots

Secretary of State John Kerry offered a sweeping view of the power of global development last week, when he spoke at USAID’s Frontiers in Development conference. Kerry stressed that extreme poverty and other major world development challenges presented challenges not only to “our values and our sense of humanity” but also “to our security,” and that they could best be Read more…

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OPIC In New Jersey: A Look At How OPIC Investments Support Multiple Businesses

OPIC hosts its final Expanding Horizons workshop of the year September 23 in Trenton, New Jersey, where small businesses will gather to learn more about the benefits of expanding into developing markets overseas. OPIC has been hosting these events around the country for several years, as part of its effort to educate small businesses about the finance and insurance tools Read more…

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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by Read more…

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One Big Continent, One Big Summit, Three Big Lessons

By Elizabeth Littlefield, OPIC President and CEO This blog post originally appeared on the U.S. State Department’s DipNote blog Just last month, President Obama hosted a spectacular and historic summit in Washington of more than 40 heads of state from Sub-Saharan Africa. Never before had there been such an ambitious American outreach to this enormous continent, a fact all the more Read more…

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Powering Africa: The off-grid challenge

President Obama’s Power Africa initiative harnesses the power of private sector investment to help the more than 600 million people in Sub-Saharan Africa, who lack access to energy. It’s a staggering number, but also one that does not fully capture the extent of energy poverty on the continent, or the challenge of delivering power to many of the more rural Read more…

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Hillary Clinton recognizes OPIC’s role in addressing energy poverty and highlighting opportunities for American businesses

Hillary Clinton told the National Clean Energy Summit in Las Vegas on September 4 that OPIC was playing a critical role in bringing more energy to the developing world. “I’m delighted that (OPIC President and CEO) Elizabeth Littlefield is here,” said Clinton. “OPIC is major player in trying to deal with the issue of energy poverty.” Clinton also noted that Read more…

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Impact Investing: More than a buzzword

This interview with OPIC’s President and CEO Elizabeth Littlefield was featured on the Inter-American Development Bank’s Partnerships for Development blog. With all the buzz surrounding impact investing, perhaps it is best to go back to the basics and define what can be a powerful mechanism for sustainable development. What is the definition of impact investing?  And how can we further Read more…

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U.S. Department of Commerce highlights historic U.S.-Africa Business Forum and the significant gains for Africa-U.S. business ties

Under Secretary of Commerce for International Trade and new OPIC board member Stefan M. Selig recently wrote a guest post for the U.S. Department of Commerce’s blog that highlights the first-ever U.S.-Africa Business Forum, which convened American and African business leaders with the heads of nearly 50 African nations. The purpose of the event was to foster the exchange of Read more…

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