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Featured photo: OPIC visit to Ghana

January 17, 2014

OPIC President Elizabeth Littlefield holds a press conference in Accra, Ghana following a meeting with Ghana’s Vice President, Kwesi Amissah-Arthur. Littlefield traveled last month with an OPIC delegation to Ghana, Senegal and Liberia, where she toured OPIC-supported projects and met with government and business leaders to discuss development investment opportunities.

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Power Africa leadership convenes at Center for Global Development

January 16, 2014

Mimi Alemayehou, OPIC’s executive VP, participated in a panel discussion on President Obama’s Power Africa initiative held Jan. 15th at the Center for Global Development. She was joined by USAID’s chief coordinator for Power Africa Andrew Herscowitz, Kamran Khan of the Millennium Challenge Corporation and Nilmini Rubin, an advisor to the House Foreign Affairs Committee. The group engaged in lively
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OPIC and Deutsche Bank announce fund supporting microfinance and Smart Campaign principles

January 07, 2014

OPIC, along with Deutsche Bank,  announced its commitment to the $100 million Global Commercial Microfinance Consortium II (“Consortium II”), a fund supporting the growth of microfinance institutions that pursue a high level of client care, transparency of operations and pricing as well as product innovation. The fund is a partnership with investors, including OPIC, who share a focus on responsible
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Year in review: The top five OPIC blog posts of 2013

January 07, 2014

2013 was another banner year for OPIC, which made a record level of commitments in support of U.S. businesses investing in developing countries.  The OPIC blog highlighted many of our key projects and initiatives. Below are our five most popular blog posts from 2013:   1. OPIC to play key role in President Obama’s Power Africa initiative July 02, 2013
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OPIC supported Alto Maipo Hydroelectric Plant named Project Finance International’s Latin America Power Deal of the Year

January 06, 2014

Alto Maipo SpA, which recently closed a $245 million loan from OPIC to construct a hydroelectric power plant in Chile, has been named Project Finance International’s Latin America Power Deal of the Year. The renewable electricity source will become a key generation facility for Santiago, Chile’s largest city and capital. The plant will reduce electricity costs for local residents as
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Featured photo: Tablet-based teaching offers a scalable education model in Kenya

December 20, 2013

A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model
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In Kenya: Quality education even low income families can afford

December 17, 2013

In Kenya, primary school starts at the age of six and runs for eight years, and while the public schools are free to all children, they often suffer from limited resources. OPIC recently agreed to support a business that is providing an affordable education alternative to thousands of Kenyan families through a series of 237 schools it is building throughout
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Seeing complex projects through to completion: A conversation with Ryan Bequai, Managing Director, OPIC Portfolio Monitoring Division

November 21, 2013

What happens when a project doesn’t progress according to its business plan? OPIC thoroughly vets projects and management teams before committing financing, but the challenges of doing business in the developing world can mean that unforeseen events arise. OPIC’s consistent ability to make a positive developmental impact and earn a net profit in spite of these challenges – read more
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Featured Photo: OPIC financing supports major ethanol plant in Hungary

November 15, 2013

OPIC labor and human rights analyst Tara Guelig visits the Pannonia Ethanol Zrt. project in the rural town of Dunaföldvár, Hungary during a recent trip to monitor the project. OPIC in 2010 approved a $60 million loan to support construction of the plant, which has created 100 local jobs and introduced state-of-the-art ethanol production in Hungary, while doubling the country’s
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Featured photo: Using technology to improve farm yields

November 08, 2013

This photo, one of the winners of the recent Feed the Future photo contest, shows a farmer in northern Ghana who was able to improve yields by more than 65 percent by using a dibbler to more efficiently make holes in the ground during planting. OPIC supports Feed the Future, the U.S. Government’s global hunger and food security initiative, and
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