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What urbanization means for development

November 12, 2014

Multiple OPIC projects address urban development challenges, often by supporting financing to small businesses that will create jobs. Nicholas Aoama Oyiek is a garage owner in Nairobi, Kenya, who employs 20 people and was able to obtain financing to build his business with the help of an OPIC backed private equity fund. Read more. In 1950, less than one-third of
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Featured photo: Support for small businesses in the Middle East

October 31, 2014

OPIC President and CEO Elizabeth Littlefield toured a water bottling company in Ramallah this week during her trip to the West Bank, Israel and Jordan. This company received financing through the nonprofit Middle East Investment Initiative, an OPIC partner that supports small businesses in the Middle East. These small enterprises are critical to the region’s economic growth and job creation,
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Committing to continued investment in Africa

August 05, 2014

OPIC President Elizabeth Littlefield signs a memorandum of understanding on August 4 with Mohamed El Kettani (right), Chairman and CEO of Morocco’s Attijariwafa Bank; and Thomas McCaffery (left), Wells Fargo executive vice president, expressing their interest in deepening cooperation to expand lending to small and medium enterprises in Morocco and other African countries. The MOU was one of multiple signed
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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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How OPIC supports small businesses in Minnesota

April 02, 2014

OPIC’s support for American businesses investing in emerging markets overseas has directly benefited businesses around the country, including in Minnesota, the site of today’s Expanding Horizons workshop. Over more than four decades of supporting development, OPIC has committed more than $480 million in financing and insurance commitments to projects sponsored by Minnesota companies. These projects have generated an estimated $1.1
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Spotlight on OPIC Impact Award winners: Ellicott Dredges

March 20, 2014

Small businesses comprise the majority of all firms in the U.S. economy, and are powerful engines of job creation at home as well as drivers of development, innovative solutions, and economic efficiency in scores of developing nations. Small businesses can also face far tougher challengers than established multinationals when they do business abroad, so it is both fitting and instructive
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Big visions, greater rewards – a look at the OPIC Impact Awards

March 14, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s hard to believe that the inaugural OPIC Impact Awards ceremony, which was held Tuesday, March 11, has already come and gone. I couldn’t think of a better way to showcase all that the Overseas Private Investment Corporation embodies than by honoring the outstanding work of several
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OPIC’s Impact Awards: A recap in photos

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
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Spotlight on OPIC’s Impact Award in the American small business category

March 07, 2014

The inaugural OPIC Impact Awards event, set to take place next Tuesday, will highlight exceptional projects across six categories, including Renewable Resources, Critical Infrastructure, Access to Finance, Development Impact, Private Equity, and American Small Business. This post, the final in the series, spotlights American Small Business. In supporting U.S. private sector investment in emerging markets, OPIC works with businesses of all sizes
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Supporting growth of women-owned businesses through training and loan guarantees

February 28, 2014

By Arun Hsu, Chief of Party, Jordan Loan Guarantee Facility Small and medium enterprises (SMEs) are key to innovation and an engine of economic growth and job creation in the Middle East and North Africa (MENA) region. Despite the crucial role SMEs play in the region’s economies, they often have great difficulty accessing the financing needed for start-up and growth.
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