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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

August 06, 2014

National Public Radio featured the African Leaders Summit and President Obama’s Power Africa initiative this week in a story that highlighted OPIC’s latest Power Africa project, its $50 million commitment to the 450-megawatt Azura-Edo natural gas power plant in Nigeria. Power Africa aims to double the number of people in Africa who have access to power and this week’s summit
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Committing to continued investment in Africa

August 05, 2014

OPIC President Elizabeth Littlefield signs a memorandum of understanding on August 4 with Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank; and Thomas McCaffery (left), Wells Fargo executive vice president, expressing their interest in deepening cooperation to expand lending to small and medium enterprises in Morocco and other African countries. The MOU was one of multiple signed
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“The continent of greatest opportunity this century”

August 04, 2014

OPIC President Elizabeth Littlefield spoke Aug. 3 at a reception co-hosted by OPIC and the Millennium Challenge Corporation to kick off the Africa Leaders Summit. Littlefield described the significant growth Africa has seen over the past decade and outlined the work necessary to build on that momentum and ensure that all Africans benefited. Other speakers, from left, were Senator Chris
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Baltimore Sun features Elizabeth Littlefield on African investment opportunity

August 01, 2014

“Casual political observers often focus on Africa’s natural resources, mineral wealth and conflicts as a strategic concern, but Africa is a massive and rapidly growing consumer market that is more fully appreciated by strategic investors with each passing day,” OPIC President and CEO Elizabeth Littlefield writes in the Baltimore Sun, August 1, ahead of next week’s U.S.-Africa Leaders Summit in
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Africa at a glance

July 28, 2014

Ahead of the historic summit of African leaders that will take place in Washington from August 4-6, take a look at some key facts about Africa that illustrate the challenges and opportunities the continent faces today, and the ways OPIC is helping Africa prepare for the future.   People: The median age in Africa today is 19 and the population
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“The Lab:” A multinational innovation for a global challenge

July 15, 2014

  OPIC President and CEO Elizabeth Littlefield traveled to London in June to join the launch of the Global Innovation Lab for Climate Finance, a group of public and private sector leaders from around the world brought together by the Climate Policy Initiative (CPI). “The Lab” is a public-private initiative that seeks to leverage the tools of private investment to
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Momentum builds around the world for Power Africa initiative

June 03, 2014

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings
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OPIC and ACORE Team Up

April 08, 2014

by Lynn Tabernacki, OPIC’s Managing Director for Renewable Energy and Sustainable Development This month, on April 24-25, the American Council on Renewable Energy (ACORE) will host one of its signature events for renewable energy investors interested in Latin America – the Renewable Energy Latin America and Caribbean Conference and Exhibition (RELACCX) in San Juan, Puerto Rico. OPIC is excited to
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Spotlight on OPIC Impact Award winners: ContourGlobal

April 02, 2014

Over the course of four decades addressing major world development challenges, OPIC has focused on different sectors, but infrastructure has been a constant. Power plants, airports and clean water facilities literally lay the foundation for future improved living standards, business activity, and overall economic growth and stability. At its March 11 Impact Awards, OPIC awarded the Critical Infrastructure Award to
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Spotlight on OPIC Impact Award winners: Helios Investment Partners

March 26, 2014

In addition to the direct financing OPIC provides to many projects in emerging markets, the Agency also supports development by providing financing to privately-owned and managed equity funds investing in emerging markets. These funds serve multiple roles from providing capital to up-and-coming companies and guiding strategic decisions in rapidly changing markets to advising on best practices in management and information
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