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Featured photo: Tea production in Rwanda

June 27, 2014

The Sorwathe Tea Plantation and processing facility in Rwanda was built in 1978 by one of the first U.S. investors in Rwanda, and rebuilt almost two decades later with the support of OPIC political risk insurance. Today, the facility purchases tea leaves from thousands of small farmers around the country, generating an important source of income for the local population.
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Africa rising: Survey shows dramatic improvements for investors

June 25, 2014

Africa has risen to become the second most attractive investment destination in the world, Ernst & Young’s latest Africa attractiveness survey shows. This year’s survey, which measures foreign direct investment into the continent as well as investors’ perceptions and actual investment levels, showed that Africa and Asia are tied in second place, just behind North America as the world’s best
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The little document that makes a big difference in project finance: Why a Bankable PPA helps private investment in African power

June 13, 2014

One of the ways OPIC supports President Obama’s Power Africa initiative – in addition to providing loans and insurance to help build new power plants – is by sharing its extensive experience doing business in emerging markets. The Agency has supported multiple large-scale power projects in Africa and understands the hurdles to successful development. One document OPIC helped develop to
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Featured photo: Global Partnerships, winner of OPIC Impact Award for Access to Finance

June 06, 2014

A farmer in Nicaragua tends to young coffee plants, which will replace and build on his aging crop. This agricultural expansion was made possible through credit offered by a subsidiary lender of Global Partnerships, an impact investor that was able to expand its lending in Latin America thanks to OPIC support. Global Partnerships’ Social Investment Fund 5.0 was a recipient
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Momentum builds around the world for Power Africa initiative

June 03, 2014

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings
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Featured photo: Medical Credit Fund, winner of OPIC Impact Award for Access to Finance

May 30, 2014

A healthcare professional weighs a newborn at the Mission Mbagala clinic on the outskirts of Dar es Salaam, Tanzania. The clinic was the recipient of an affordable loan from Medical Credit Fund, an OPIC-supported project and the recipient of the 2014 OPIC Impact Award for Access to Finance. Medical Credit Fund is the first lending institution of its kind in
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Trade, aid and development: How OPIC supports many U.S. priorities

May 27, 2014

By Judith Pryor Vice President, OPIC Office of External Affairs In 2010, President Obama unveiled the National Export Initiative  to remove trade barriers abroad and help American business compete globally. With about 95 percent of the world’s consumers living outside U.S. borders, it’s hard to overstate the importance of this initiative and I’m happy to say it has been a
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Read OPIC’s 2013 annual report

May 21, 2014

OPIC’s 2013 annual report, which features several key accomplishments of the Agency in a record-setting year, is available here on the OPIC website. Some of the key features of this year’s report include: A section on the Agency’s work supporting President Obama’s Power Africa initiative A detailed look at the many ways OPIC-supported projects advance development A look at the
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Featured photo: International Rescue Committee, winner of OPIC’s Impact Award for Development Impact

May 16, 2014

In Cote d’Ivoire, women draw water from a well built by International Rescue Committee, a nonprofit that works to respond to humanitarian crises around the world with a broad spectrum of services related to healthcare, improved living conditions and social services. OPIC provides political risk insurance for IRC’s operations in more than 20 countries, including Cote d’Ivoire, and earlier this
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Featured photo: Helios Investment Partners, winner of OPIC Impact Award for Private Equity

May 09, 2014

Nicholas Aoama Oyiek, who owns a garage employing 20 people in Nairobi, is just one of the small business owners who have benefited from the support of Helios Investment Partners LLC, a private equity firm that is managed by Africans and invests exclusively in businesses in Sub-Saharan Africa. His success also helps illustrate the impact of OPIC’s support for emerging
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