OPIC participated in the U.S. Global Leadership Coalition’s Annual Leadership Conference this week focusing on American aid investment and its role in building jobs and security at home. Featuring remarks by national security and foreign policy experts, the conference analyzed how to strengthen America’s leadership in the world through strategic investments in smart power.
On Tuesday, OPIC Executive Vice President Mimi Alemayehou highlighted developing Africa through energy investments at a panel luncheon with Tam Nguyen, manager of Corporate Responsibility at Chevron Corporation, Tom Hart, U.S. executive director at ONE, and Tom Callahan, vice president of Government Affairs at PAE.
Also at the conference, OPIC client BURN Manufacturing Co. featured its clean cookstove product which is developing a manufacturing facility in Kenya with satellite assembly plants in Rwanda, Tanzania and Uganda. “OPIC was the difference between life and death for us,” said BURN Manufacturing CEO Peter Scott at the annual conference. An example of smart power, the investment is being facilitated by a $3 million loan from OPIC and $1 million in financing from General Electric.