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Highlights from the Field: ACEF supports African renewable energy projects for enduring development

August 12, 2014

By Sarah Carta, OPIC U.S.-Africa Clean Energy Finance Program Manager OPIC’s U.S.-Africa Clean Energy Finance (ACEF) team recently traveled to Africa to seek out thriving clean energy technology resulting from ACEF support – from off-grid solar power in Tanzania to smart meters in Ethiopia to grid-connected solar in Rwanda. Energy is a crucial piece of the development puzzle, and access
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Seeking to build on momentum of recent days, OPIC hosts high-speed networking event for African businesses

August 06, 2014

In an effort to build on the momentum of recent days that saw billions of new investment committed to Africa, OPIC on Wednesday hosted multiple American and African businesses, as well as representatives from other U.S. Government Agencies for a high-speed networking event to discuss ways the U.S. could support infrastructure projects in Africa. Officers from OPIC’s financing, political risk
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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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Featured photo: A growing wool industry in Afghanistan

July 18, 2014

A livestock herder tends his flock in the foothills of the Hindu Kush mountains in Afghanistan. With the help of OPIC financing, Maryland-based American Wool & Cashmere has developed a regional infrastructure of centralized suppliers in western Afghanistan’s Herat Province who buy raw, unprocessed wool directly from herders like this. This infrastructure and new liquidity into this market for producers
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Measuring – and managing – impact investments

July 17, 2014

By Elizabeth Littlefield OPIC President and CEO A version of this blog appeared recently in Institutional Investor You can’t manage what you don’t measure. It’s such a fundamental rule of business that it hardly bears repeating in the day-to-day work of running a small firm, a major corporation or an investment fund. But there are times when a business moves
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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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