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The OPIC Blog


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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The world needs more power

August 19, 2014

Today is World Humanitarian Day, a United Nations (U.N.) commemoration to “celebrate the spirit that inspires humanitarian work around the world.” This year, the UN’s theme is “The World Needs More…” As anyone who works in global development knows, there are many ways to answer that sentence. This year, OPIC highlights the world’s need for more power. Not only does
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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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Highlights from the U.S.-Africa Leaders Summit

August 13, 2014

“What some say is a problem is actually a massive investment opportunity,” Nigeria’s Minister of Power Chinedu Nebo stressed at the U.S.-Africa Leaders Summit last week, discussing the widespread lack of energy access across the continent. His words echoed those of OPIC President and CEO Elizabeth Littlefield who previewed the historic summit in the Baltimore Sun, writing that while “casual
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Seeking to build on momentum of recent days, OPIC hosts high-speed networking event for African businesses

August 06, 2014

In an effort to build on the momentum of recent days that saw billions of new investment committed to Africa, OPIC on Wednesday hosted multiple American and African businesses, as well as representatives from other U.S. Government Agencies for a high-speed networking event to discuss ways the U.S. could support infrastructure projects in Africa. Officers from OPIC’s financing, political risk
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“Energy prosperity can replace energy poverty:” NPR highlights Power Africa and OPIC’s latest commitment

August 06, 2014

National Public Radio featured the African Leaders Summit and President Obama’s Power Africa initiative this week in a story that highlighted OPIC’s latest Power Africa project, its $50 million commitment to the 450-megawatt Azura-Edo natural gas power plant in Nigeria. Power Africa aims to double the number of people in Africa who have access to power and this week’s summit
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“The continent of greatest opportunity this century”

August 04, 2014

OPIC President Elizabeth Littlefield spoke Aug. 3 at a reception co-hosted by OPIC and the Millennium Challenge Corporation to kick off the Africa Leaders Summit. Littlefield described the significant growth Africa has seen over the past decade and outlined the work necessary to build on that momentum and ensure that all Africans benefited. Other speakers, from left, were Senator Chris
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Baltimore Sun features Elizabeth Littlefield on African investment opportunity

August 01, 2014

“Casual political observers often focus on Africa’s natural resources, mineral wealth and conflicts as a strategic concern, but Africa is a massive and rapidly growing consumer market that is more fully appreciated by strategic investors with each passing day,” OPIC President and CEO Elizabeth Littlefield writes in the Baltimore Sun, August 1, ahead of next week’s U.S.-Africa Leaders Summit in
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