January 24, 2014
In recent years OPIC has made it a priority to support impact investing and between 2008 and 2012 the Agency supported $2.4 billion in impact investments. Some of the challenges it has encountered in this relatively new investing sector are discussed in this blog post in the Stanford Social innovation Review, where OPIC outlines the process it adopted for identifying
January 17, 2014
OPIC President Elizabeth Littlefield holds a press conference in Accra, Ghana following a meeting with Ghana’s Vice President, Kwesi Amissah-Arthur. Littlefield traveled last month with an OPIC delegation to Ghana, Senegal and Liberia, where she toured OPIC-supported projects and met with government and business leaders to discuss development investment opportunities.
January 16, 2014
Mimi Alemayehou, OPIC’s executive VP, participated in a panel discussion on President Obama’s Power Africa initiative held Jan. 15th at the Center for Global Development. She was joined by USAID’s chief coordinator for Power Africa Andrew Herscowitz, Kamran Khan of the Millennium Challenge Corporation and Nilmini Rubin, an advisor to the House Foreign Affairs Committee. The group engaged in lively
January 15, 2014
It’s been 13 years since economist Jim O’Neill coined the term BRIC to refer to the four developing countries (Brazil, Russia, India and China) enjoying strong economic growth and promise rivaling or surpassing that seen in the developed world. Since then, many countries beyond the BRIC four have also started enjoying accelerated growth and economic promise in the developing
December 20, 2013
A teacher at one of Bridge International Academies’ schools in rural Kenya delivers a lesson via a tablet computer. OPIC is supporting Bridge’s expansion in Kenya with a $10 million loan. Bridge’s innovative model for educating large numbers of poor children is based on a standardized curriculum that each teacher accesses from an electronic device. NPR recently described the model
December 13, 2013
Elizabeth Littlefield, OPIC President and CEO (pictured with Judith Pryor, OPIC Vice President, Office of External Affairs) testified December 11 on Capitol Hill about OPIC’s success supporting development and U.S. foreign policy in developing nations, while also generating income for deficit reduction.
December 06, 2013
One of the key’s to OPIC’s consistent financial success and strong developmental impact is the Agency’s strong team, including Executive Vice President, Mimi Alemayehou. Forbes recently included Alemayehou on its list of “The 20 Young Power Women In Africa 2013.” and published a profile of Alemayehou talking about life, work and family, and the ways that her early years in
December 03, 2013
How can Africa fully compete when countless factories and computers go dark during rolling blackouts? How can it compete in an era of non-stop, round-the-clock communication when millions go home to candles or lanterns? Although Africa has made great strides in industries like transportation, manufacturing and telecommunications, some 600 million Africans still lack access to basic electricity. In a guest
November 21, 2013
What happens when a project doesn’t progress according to its business plan? OPIC thoroughly vets projects and management teams before committing financing, but the challenges of doing business in the developing world can mean that unforeseen events arise. OPIC’s consistent ability to make a positive developmental impact and earn a net profit in spite of these challenges – read more
September 24, 2013
Today’s Shared Opportunity e-card features Farooq Kathwari, Charman, President, and CEO, Ethan Allen Interiors Inc. Click here to see the most recent Shared Opportunity e-card, featuring Vin Weber, former U.S. Representative (R-MN).