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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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Littlefield’s testimony to Congress emphasizes OPIC’s commitment to vulnerable countries

May 27, 2015

More than one-third of OPIC’s active portfolio is invested in places that are in or are vulnerable to violent conflict – a commitment based on the Agency’s understanding that economic stability can help support political stability. OPIC President and CEO Elizabeth Littlefield spoke of this commitment to some of the world’s most fragile places on May 19, when she testified
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New video illustrates how OPIC supports development

May 20, 2015

Developing countries are at the forefront of possibility in today’s world, but they also face significant challenges that are too great to be addressed by aid or the public sector alone. This new video illustrates how OPIC works with the private sector to address many of these challenges and make a positive difference in some of the poorest and most
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Four data points showing five years of progress at OPIC

May 13, 2015

OPIC’s 2014 annual report … in addition to highlighting full year results … offers some data on the Agency’s progress over the past five years. These include: Steady growth in OPIC’s total portfolio:   A sharp increase in renewable energy commitments:   A strong focus on investing in Sub-Saharan Africa, which accounted for more than a quarter of new commitments
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Elizabeth Littlefield on Earth Day, past, present and future

April 27, 2015

“Over the past year we have witnessed an unprecedented flow of industry and think tank data and research showing the increasing feasibility and attractiveness of renewable energy in developing nations, where most of the world’s population lives,” OPIC President and CEO Elizabeth Littlefield wrote in this piece in Institutional Investor on Earth Day at 45. “Four and a half decades
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How OPIC supports the planet on Earth Day and year-round

April 21, 2015

OPIC has transformed its portfolio in recent years to support more sustainable development, from geothermal power in Kenya and solar power in Chile to wind power in Jamaica and new technologies to deliver off-grid power to rural populations in India. Here, OPIC President and CEO Elizabeth Littlefield explains how several global trends are converging to make sustainable development an imperative.
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