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Featured photo: Bringing clean energy to Rwanda

April 10, 2015

Rwandan workers inspect solar panels at Gigawatt Global’s 8.5 megawatt solar facility east of Kigali, Rwanda’s capital, shortly before the solar field’s opening ceremony in February 2014. The clean power project is East Africa’s first grid-connected, utility-scale solar energy facility and represents a full 6% contribution to the entire country’s power generation capacity. OPIC supported the Gigawatt Global project in
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Snapshots in development: Annual report highlights OPIC’s far-reaching impact

April 06, 2015

From Vietnam to Afghanistan, Malawi and Brazil, OPIC supports projects that build power plants and water treatment facilities, increase access to food and healthcare, introduce cleaner sources of energy and help address poverty by building affordable housing and establishing loan facilities to support entrepreneurs and small businesses. OPIC’s 2014 annual report takes an in-depth look at the far-reaching impact of
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Featured photo: Improving healthcare in Angola

April 03, 2015

Healthcare workers review files in the new Luanda Medical and Diagnostic Center in Angola’s capital city. Built with the support of a $9.8 million loan from OPIC, the center is providing affordable treatment and outpatient services, and has introduced new medical diagnostic capabilities such as state-of-the-art MRI and CAT scan technology. The center is projected to serve 87,000 patients per
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ACEF: Unlocking the Potential for Clean, Renewable African Power

April 02, 2015

By Charlie Stadtlander, OPIC External Affairs In February 2015, in a quiet patch of land an hour from Kigali, Rwanda, with the help of the Overseas Private Investment Corporation (OPIC) and Power Africa, energy development in Africa took a historic leap forward. With the snip of a ribbon and the flip of a switch, East Africa’s first grid-connected, utility-scale solar
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The challenge of building affordable housing in developing countries … and how DFIs can help

April 01, 2015

By Debra Erb Managing Director, OPIC Housing Programs (This blog is adapted from a speech Debra Erb delivered in November 2014 at the general meeting of the African Union for Housing Finance.) One of the fundamental steps to advancing development in emerging markets is giving low-income people a secure place to live. As a banker who has successfully assembled financing
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Featured photo: Supporting thousands of women-owned businesses in Turkey

March 27, 2015

The owner of Real Optic, one of many women-owned businesses that has benefited from an OPIC project to support small business lending in Turkey, displays her merchandise at her store in Istanbul. Real Optic is expanding with financing from a Turkiye Garanti Bankasi lending facility, which is being supported by a $400 million OPIC investment guarantee. The Bankasi facility focuses
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OPIC award-winning project highlights value of financial intermediaries in boosting small business lending

March 26, 2015

A milestone 2013 OPIC project to support lending to small businesses in Brazil was recognized earlier this month as Trade Finance Americas Deal of the Year by the international magazine, Trade Finance. OPIC committed a $400 million loan – alongside $80 million from Wells Fargo – in the project, which supports lending to underserved businesses, mostly in the lower-income parts of the country that
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Water for agriculture: How one innovative project is helping African farmers grow more food

March 20, 2015

March 22 is World Water Day, an occasion to remember how water is fundamental to life and fundamental to global development. In many parts of Africa, poor farmers operate with little equipment and can only water their crops when it rains. Being so dependent on the weather for their livelihood is not only inconvenient, it’s also costly. Even a lengthy
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Featured photo: Supporting clean and dependable drinking water in Algeria

March 20, 2015

In a desert city surrounded by seawater, a water desalination plant is bringing clean drinking water to many of Algiers’ residents. The plant, which uses reverse osmosis technology, was built with the support of OPIC financing to Ionics Inc. of Watertown, Massachusetts. OPIC provided a $200 million loan to Ionics to help facilitate construction of the plant which is now
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Featured photo: Supporting microfinance lending to women in Africa

March 13, 2015

A BRAC microfinance recipient who has used loan money to support her restaurant business is joined by other women during a solidarity group meeting in Tanzania. OPIC financing has supported microfinance lending in East Africa through BRAC, a Bangladesh development organization. BRAC-Tanzania has opened more than 100 new microfinance branches serving an estimated 109,000 borrowers in Africa, 98 percent of
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