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Power Africa one year later: Our work is just beginning

July 07, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s been one year since President Obama announced the ambitious Power Africa initiative to double access to power in Sub-Saharan Africa, where the majority of people live without lights, refrigeration and most of the other fixtures of modern life. Bringing about change on such a vast continent where
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Featured photo: Collaborating to support American businesses

July 03, 2014

OPIC President and CEO Elizabeth Littlefield and U.S. Small Business Administrator Maria Contreras-Sweet met July 2 to discuss ways the two agencies can work together to support U.S. small businesses. OPIC works closely with SBA’s Office of International Trade to educate small businesses about the OPIC finance and insurance tools that can help them expand into emerging markets. SBA also
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Video: Spotlight on OPIC’s Impact

July 03, 2014

Eight OPIC projects that are making a difference around the world.

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Impressive solar energy focus helps OPIC bolster U.S.-Chile relations

July 02, 2014

When Chile’s President Michelle Bachelet met with President Obama at the White House June 30, one of the topics the two leaders discussed was energy cooperation between the United States and Chile. “We’re both very interested in energy, and how we can transition to a clean-energy economy,” said President Obama. “We’ll be announcing some collaborations including the facilitation of construction
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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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