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The OPIC Blog


Geothermal key to powering Africa

October 23, 2014

By Stephen Morel Climate Finance Specialist, OPIC In the next three years, Africa is expected to see an unprecedented amount of geothermal power come online. Through President Obama’s Power Africa initiative, OPIC is poised to be a key player in unlocking the potential of geothermal on the continent. During the Geothermal Resources Council’s 38th Annual Meeting in September, attendees explored how
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Littlefield on the future of energy in Africa

October 14, 2014

OPIC President and CEO Elizabeth Littlefield described the momentum behind President Obama’s Power Africa initiative, which she said has generated strong interest among developers who until recently had not considered doing business in Africa. “The world is waking up to the fact that business can be a force for good and has a critical role to play,” Littlefield told Devex
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Improving lives through development: Highlights from OPIC’s Annual Report on Development Impact

September 30, 2014

By Margaret Kuhlow Vice President, OPIC Office of Investment Policy OPIC seeks to support projects that will serve as foundations for sustained economic growth, and the projects we support typically bring far-reaching benefits. A power plant, for example, has the immediate benefit of bringing new electricity to market. But it may also create jobs, generate tax revenue and introduce advanced
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Development, National Security And OPIC: Secretary Kerry Connects the Dots

September 24, 2014

Secretary of State John Kerry offered a sweeping view of the power of global development last week, when he spoke at USAID’s Frontiers in Development conference. Kerry stressed that extreme poverty and other major world development challenges presented challenges not only to “our values and our sense of humanity” but also “to our security,” and that they could best be
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One Big Continent, One Big Summit, Three Big Lessons

September 10, 2014

By Elizabeth Littlefield, OPIC President and CEO This blog post originally appeared on the U.S. State Department’s DipNote blog Just last month, President Obama hosted a spectacular and historic summit in Washington of more than 40 heads of state from Sub-Saharan Africa. Never before had there been such an ambitious American outreach to this enormous continent, a fact all the more
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Powering Africa: The off-grid challenge

September 09, 2014

President Obama’s Power Africa initiative harnesses the power of private sector investment to help the more than 600 million people in Sub-Saharan Africa, who lack access to energy. It’s a staggering number, but also one that does not fully capture the extent of energy poverty on the continent, or the challenge of delivering power to many of the more rural
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Hillary Clinton recognizes OPIC’s role in addressing energy poverty and highlighting opportunities for American businesses

September 05, 2014

Hillary Clinton told the National Clean Energy Summit in Las Vegas on September 4 that OPIC was playing a critical role in bringing more energy to the developing world. “I’m delighted that (OPIC President and CEO) Elizabeth Littlefield is here,” said Clinton. “OPIC is major player in trying to deal with the issue of energy poverty.” Clinton also noted that
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Impact Investing: More than a buzzword

September 04, 2014

This interview with OPIC’s President and CEO Elizabeth Littlefield was featured on the Inter-American Development Bank’s Partnerships for Development blog. With all the buzz surrounding impact investing, perhaps it is best to go back to the basics and define what can be a powerful mechanism for sustainable development. What is the definition of impact investing?  And how can we further
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U.S. Department of Commerce highlights historic U.S.-Africa Business Forum and the significant gains for Africa-U.S. business ties

September 03, 2014

Under Secretary of Commerce for International Trade and new OPIC board member Stefan M. Selig recently wrote a guest post for the U.S. Department of Commerce’s blog that highlights the first-ever U.S.-Africa Business Forum, which convened American and African business leaders with the heads of nearly 50 African nations. The purpose of the event was to foster the exchange of
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Global Partnerships features OPIC’s perspective on impact investing

August 21, 2014

“Investing with impact was a core mission of OPIC long before the term impact investing was in vogue,” OPIC Managing Director Loren Rodwin wrote in this recent post for Global Partnerships series, Perspectives on Impact Investing. Rodwin outlines four key themes that have informed OPIC’s approach to impact investing and highlights the importance of forming partnerships to ensure that investment
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