March 15, 2013
The 10 megawatt Bhandardara Power House hydro plant in India’s Maharashtra State, was rehabilitated and reopened in 2001 by DLZ Corp., of Columbus, Ohio with the support of a $5 million loan. The plant, which was originally built by the local Maharashtra government, had been rendered inoperative after a fire in 1996. DLZ, a civil engineering company, is one of Read more…
March 08, 2013
By Judith Pryor, Vice President, OPIC Office of External Affairs Since 1987, the United States has recognized March as Women’s History Month, and since the early 1900s, International Women’s Day has been observed all over the world. This year’s theme, “The Gender Agenda: Gaining Momentum,” recognizes that equality is an essential part of a modern progressive world. The theme is Read more…
March 01, 2013
The Cabaret Housing Settlement in Haiti, where about 156 houses will be built, is helping to address a critical need for housing in Haiti, where more than 360,000 people continue to live in tents and other temporary housing in the wake of the 2010 earthquake. OPIC is supporting this need for housing by providing financing to Development Innovations Group (DIG) Read more…
February 15, 2013
Shyara washing station owned by OPIC client Westrock Coffee Holdings’ Rwanda Trading Co. (“RTC”). OPIC political risk insurance is supporting RTC’s coffee processing operations in Rwanda, which provides agricultural extension loans, seed, fertilizer, compost and technical assistance to help small local coffee producers across the country improve production processes and access international markets. RTC is also providing technical assistance to help Read more…
February 08, 2013
In Nairobi, Kenya, Equity Bank CEO Dr. James Mwangi (center) introduces OPIC President and CEO Elizabeth Littlefield to Equity Bank agent Maureen Wambugu (right). One of the bank’s community branches is surrounded by several local businesses, including a second hand shoe trader, whose owner used an Equity Bank micro loan to expand his business. OPIC is providing $8.45 million in Read more…
January 25, 2013
This image from a screen recapping events at the World Economic Forum in Davos, Switzerland captures a quote from OPIC President and CEO Elizabeth Littlefield. She is speaking on a panel about Scaling Social Innovation, and is participating in multiple events at the Forum exploring ways to address transformative social and environmental change.
January 11, 2013
A villager in a remote region of India picks up his daily supply of clean drinking water that has been purified by Healthpoint Services Global India Ltd. to prevent waterborne diseases. OPIC last year committed a $3.5 million loan to the company, which is an affiliate of the U.S.-based Healthpoint Global Services Inc., to support the construction of small water Read more…
December 21, 2012
An anemometer measures wind speeds at the construction site of the 20 megawatt Santa Catarina wind farm outside of Monterrey, Mexico. The wind farm is one of the investments of the OPIC-supported Latin Power III, an investment fund focused on energy and infrastructure projects in Latin America and the Caribbean.
December 20, 2012
One of the key components of effective development is effective conflict resolution. Unresolved conflicts with local communities can result in higher costs, delays or even abandonment of projects. Last month, OPIC Director of Accountability, Dr. Keith Kozloff sat on a panel on Independent Accountability at the Washington Chapter of the Society for International Development (SID) to discuss the ways accountability Read more…
December 14, 2012
OPIC Chief of Staff John Morton meets with workers from the Alistair James Company Limited – a regional logistics business based outside of Dar Es Salaam, Tanzania. With OPIC support, the company owners – originally from Maryland – have nearly doubled their fleet of trucks and are now employing approximately 100 workers. The company is looking to eventually expand its transportation services Read more…
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