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Featured photo: OPIC meets with community groups near Kenya’s Lake Turkana

September 12, 2014

OPIC’s Office of Investment Policy recently met with community groups at Lake Turkana in Northern Kenya as part of a due diligence review of the Lake Turkana wind power project. During the summer, OPIC’s board approved a $250 million financing commitment to support construction of the 310-megawatt Lake Turkana wind power plant, which will boost Kenya’s installed energy capacity by
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Featured photo: Underscoring the opportunity of private investment in Africa

August 15, 2014

Elizabeth Littlefield (center), President and CEO of OPIC, signs a memorandum of understanding with Thomas McCaffery (left), Wells Fargo’s Executive Vice President, and Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank, at OPIC’s Washington headquarters on August 4. The memorandum, signed on the margins of the historic U.S.-Africa Leaders Summit, aligned OPIC, Wells Fargo and Attijariwafa’s efforts
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Featured photo: A growing wool industry in Afghanistan

July 18, 2014

A livestock herder tends his flock in the foothills of the Hindu Kush mountains in Afghanistan. With the help of OPIC financing, Maryland-based American Wool & Cashmere has developed a regional infrastructure of centralized suppliers in western Afghanistan’s Herat Province who buy raw, unprocessed wool directly from herders like this. This infrastructure and new liquidity into this market for producers
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Featured photo: OPIC financing supports small businesses in Jordan

July 11, 2014

An employee of a small, family-owned chocolate manufacturer in Amman, Jordan prepares chocolates for packaging and sale throughout the country. The business is one of multiple small businesses that have received start-up loans from a Jordanian bank guaranteed through OPIC’s loan guaranty facility program, which is designed to promote lending to the small local businesses that are a critical part of
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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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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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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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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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Featured photo: International Rescue Committee, winner of OPIC’s Impact Award for Development Impact

May 16, 2014

In Cote d’Ivoire, women draw water from a well built by International Rescue Committee, a nonprofit that works to respond to humanitarian crises around the world with a broad spectrum of services related to healthcare, improved living conditions and social services. OPIC provides political risk insurance for IRC’s operations in more than 20 countries, including Cote d’Ivoire, and earlier this
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Featured photo: Helios Investment Partners, winner of OPIC Impact Award for Private Equity

May 09, 2014

Nicholas Aoama Oyiek, who owns a garage employing 20 people in Nairobi, is just one of the small business owners who have benefited from the support of Helios Investment Partners LLC, a private equity firm that is managed by Africans and invests exclusively in businesses in Sub-Saharan Africa. His success also helps illustrate the impact of OPIC’s support for emerging
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