Overseas Private Investment Corporation   CONTACT US SUBSCRIBE TO NEWS OPIC BLOG
FacebookRSSTwitterYoutubeInstagram
Freedom of Information Act (FOIA)
The OPIC Blog


“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
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


“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
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


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
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Africa at a glance

July 28, 2014

Ahead of the historic summit of African leaders that will take place in Washington from August 4-6, take a look at some key facts about Africa that illustrate the challenges and opportunities the continent faces today, and the ways OPIC is helping Africa prepare for the future.   People: The median age in Africa today is 19 and the population
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Promoting successful community engagement in Africa

July 10, 2014

By Keith Kozloff, Director, OPIC Office of Accountability OPIC’s Office of Accountability is an independent office within OPIC that was established to address concerns or conflicts about environmental or social issues that may arise around OPIC-supported projects. While we’re committed to conflict resolution, our preference is always to avoid conflict in the first place. I heard this same sentiment in May
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Power Africa one year later: Our work is just beginning

July 07, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s been one year since President Obama announced the ambitious Power Africa initiative to double access to power in Sub-Saharan Africa, where the majority of people live without lights, refrigeration and most of the other fixtures of modern life. Bringing about change on such a vast continent where
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


The little document that makes a big difference in project finance: Why a Bankable PPA helps private investment in African power

June 13, 2014

One of the ways OPIC supports President Obama’s Power Africa initiative – in addition to providing loans and insurance to help build new power plants – is by sharing its extensive experience doing business in emerging markets. The Agency has supported multiple large-scale power projects in Africa and understands the hurdles to successful development. One document OPIC helped develop to
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Momentum builds around the world for Power Africa initiative

June 03, 2014

OPIC President and CEO Elizabeth L. Littlefield will join a large group of senior U.S. and African officials this week at the U.S.-Africa Energy Ministerial (AEM) in Addis Ababa, Ethiopia to talk about the progress that has been made to date on President Obama’s Power Africa initiative and the path forward. The event is one of a series of gatherings
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


To the warm heart of Africa: OPIC investment mission to Malawi and Rwanda

May 05, 2014

By Benjamin Hunt – Special Assistant to the OPIC President About 7,000 miles east of Washington, D.C., sit the Republic of Malawi and the Republic of Rwanda, two countries part of an African sub-region known as the “Heart of Africa.” Despite being officially acknowledged within the geo-political borders of East or Central Africa, Rwanda and Malawi prefer the warmer colloquial
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email


Featured photo: OPIC’s Alemayehou testifies at Senate Hearing on Power Africa’s progress

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
Read more…

  • Facebook
  • Twitter
  • Google Plus
  • RSS
  • Email