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Small loans, big impact: A look at OPIC’s PI program

July 29, 2015

To address big development challenges such as world hunger, you sometimes have to start small. In Sub-Saharan Africa, food insecurity affects millions, but the solution rests largely with the individual smallholder farmers who often can’t afford to pay for basic farming equipment. Small amounts of financing offer the potential to deliver significant benefits to them and the communities they serve. 
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Obama visit to Kenya highlights Africa’s immense potential

July 27, 2015

“Kenya may well be on its way to becoming a ‘silicon savannah,’ a hub of excellence and innovation in technology,” OPIC President and CEO Elizabeth Littlefield wrote in a piece published in Kenya’s Daily Nation, as she joined President Barack Obama on a historic trip to Africa. “The goal, of course, is to ensure that Africa can do more than
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Six days in Georgia: A tour of the projects OPIC supported to help rebuild this young nation

July 22, 2015

(Part One in series on OPIC’s work in Georgia) By Judith Pryor Vice President, OPIC Office of External Affairs I’ve visited several OPIC project sties from Kenya to the West Bank, but nothing quite compares with my recent visit to Georgia where, over the course of six days, I was able to visit 18 OPIC-supported projects spanning a range of
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Featured photo: Building a wind power plant in Jamaica

July 17, 2015

Workers near Malvern, Jamaica help excavate a construction site where wind turbines will be raised in the coming months. Supported by a $42.7 million loan from OPIC, BMR Jamaica Wind Ltd is building a 36.3 MW wind farm about 60 miles west of Kingston. The plant is expected to be the largest renewable energy project developed by the private sector
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“Open for Business” at the U.S.-Ukraine Business Forum

July 16, 2015

In regions around the world near or vulnerable to violent conflict, instability can often be exacerbated by a lack of private sector investment. The governments of the United States and Ukraine have been working together to mitigate this risk in the face of recent conflict in the eastern part of that country. This week they hosted the U.S.-Ukraine Business Forum
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Featured Photo: Expanding food production in Georgia

July 10, 2015

Workers at the Sante GMT factory inspect dairy products produced from milk sourced from thousands of local Georgian farms. Sante GMT has used $17.6 million in loans from OPIC to upgrade and expand an old dairy processing facility and to establish a series of milk collection centers, which has generated income for thousands of rural farmers who previously had no
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A look at poverty in Africa and worldwide

July 08, 2015

Two-thirds of the world’s least developed countries (LDCs) are in Sub-Saharan Africa and these countries carry a disproportionate share of the world burden of poverty and related challenges such as poor health care, sanitation, and insufficient education, a new report from the ONE Campaign shows. For example, while just 13 percent of the world’s women live in LDCs, these countries
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Featured Photo: Illuminating remote Indian villages with solar power

June 26, 2015

Children do their school homework under a solar light provided by Simpa Networks, a Seattle company and OPIC client that used OPIC financing to introduce affordable solar power technology in remote Indian villages. Last month Simpa Networks received the 2015 OPIC Impact Award for excellence in development in the Renewable Energy category.

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Supporting education with technology: OPIC client provides free internet to schools in Kenya

June 24, 2015

Wananchi Group Holdings Ltd., an OPIC client that is working to expand internet connectivity in East Africa, has used its fiber-optic infrastructure to install free internet access in more than 100 schools in Kenya. In 2012, Wananchi obtained $72 million in OPIC financing for a project that is helping address the needs of Africa’s growing consumer class by improving data,
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Featured Photo: Strengthening education and opportunities in Kenya

June 19, 2015

An instructor in Kenya teaches young students in one of Bridge International Academies’ schools. Bridge developed a scalable model to leverage technology to provide a quality and affordable education to low income students and expects to reach hundreds of thousands of students over the next decade. OPIC supported the project with a $10 million loan. Bridge International Academies received the received
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