Featured photo: Underscoring the opportunity of private investment in Africa
Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Fargo and Attijariwafa’s efforts to expand lending to small and medium-sized enterprises (SMEs) in Morocco and other African countries where Attijariwafa operates.
The summit drew nearly 50 African heads of state as well as private-sector business leaders to Washington for a week of both official and informal meetings. OPIC participated in more than a dozen events with African government officials and private-sector business representatives to underscore the opportunity of private investment in Africa.