April 11, 2014
In February, OPIC President and CEO Elizabeth Littlefield visited Rwanda’s Genocide Memorial while leading a delegation to meet with investors and government leaders. In this recent blog post, Littlefield described the country today and OPIC’s efforts to support private sector investment there.
April 04, 2014
Some of the 5,000 residents of the Los Castanos de Choloma housing community in Honduras, which Inter-Mac International Inc. built with the support of OPIC financing. On March 11, OPIC awarded Inter-Mac an OPIC Impact award in the Access to Finance category for the project, which not only provides safe and affordable housing for a low-income population, but also offers
March 28, 2014
Judith Pryor, Vice President of OPIC’s Office of External Affairs, left, and Mimi Alemayehou, OPIC’s Executive Vice President, share a laugh before Alemayehou’s March 27 testimony on the progress of President Obama’s Power Africa initiative. Alemayehou testified before the U.S. Senate Foreign Relations Committee, and outlined how private-sector investment could help achieve the President’s goal of doubling the number of
March 21, 2014
Dredging equipment made in the U.S. by OPIC client Ellicott Dredges LLC is shipped overseas. Ellicott sells its equipment in countries around the world, including Iraq, where it is used to help improve flood control and restore hydroelectric dams. The company, which uses OPIC political risk insurance to support these equipment sales, last week was awarded OPIC’s Impact Award in
March 14, 2014
Inside the 100 megawatt Lomé Thermal Power Plant in Togo, which was completed in 2010 with the support of OPIC financing and political risk insurance. The project was one of the largest investments ever made in the Republic of Togo and it succeeded in tripling the country’s energy generation capacity and significantly reducing rolling blackouts. During the Impact Awards ceremony
March 12, 2014
OPIC’s March 11 inaugural Impact Awards ceremony was a big success and helped us highlight the ways our clients are making a difference around the world. In this post we showcase the winners. Global Partnerships: Access to Finance Award OPIC loan recipient Global Partnerships, one of the three clients awarded the Access to Finance award, facilitates small microfinance loans in
March 07, 2014
In Blantyre, Malawi’s commercial center, investors are seeking opportunities in multiple industries, including hospitality. Here, a group of workers at the construction site of a high end hotel that could accommodate business people and help attract investment. An OPIC delegation recently visited Malawi to talk with investors and government officials about opportunities to support additional private sector investment.
February 28, 2014
OPIC President and CEO Elizabeth Littlefield met Feb. 27 with Rwandan President Paul Kagame while visiting the country to learn more about opportunities to support private sector investment. OPIC supports multiple agriculture projects in the country and is seeking additional ways to help address the country’s need for additional electricity, infrastructure and access to finance. Rwanda, which is about the
January 31, 2014
Hot steam is transmitted by pipeline at the Ormat geothermal plant in Kenya, a major source of renewable energy generation, which was recently expanded with the support of OPIC financing. In the foreground, plant managers meet with Hal Connolly, senior advisor for energy and the environment, to Senator Bob Menendez (D-NJ), Chair of the Senate Foreign Relations Committee. Connolly was
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.