The OPIC Blog

Archive for the Africa Tag

Why global development is a women’s issue

By Judith Pryor Vice President, Overseas Private Investment Corporation The developing world faces a multitude of challenges from poverty to food insecurity to insufficient electricity, all which limit the lives of millions of men and women. But in my time working to support global development at the Overseas Private Investment Corporation (OPIC), I’ve come to understand that many of these Read more…

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Featured photo: Logistics startup employs hundreds in Tanzania

A truck driver and operations manager are just two of the 248 full-time workers employed in by Alistair James Co., which built a logistics and trucking company with the support of OPIC financing. In a region where limited rail lines and shipping ports makes businesses and local aid operations heavily reliant on trucking, U.S. businessman Alistair James built the company Read more…

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OPIC client Root Capital reaches a $100 million milestone

Congratulations to OPIC client Root Capital for reaching $100 million in active loans for the first time in its 15-year history! Root Capital is a nonprofit social investment fund that strengthens rural livelihoods in poor, environmentally vulnerable places in Africa and Latin America. Root Capital provides a reliable source of financing for clients, enabling them to make investments in agricultural Read more…

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Featured photo: Supporting agriculture in Uganda

A worker sorts through African bird’s eye chili peppers grown by farmers in eastern Uganda for Sunshine Agro Products, a chili and spice exporter, and one of the businesses supported by OPIC client Root Capital. Since 2010, OPIC has committed more than $30 million in loans to Root Capital, a Massachusetts-based nonprofit social investment fund that lends to rural businesses Read more…

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OPIC at a glance

From a growing commitment to renewable resources to support for American small businesses, learn more about some of our major accomplishments in this cheat sheet.

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U.S.-Africa Clean Energy Finance Initiative – Supporting renewable energy to power Africa

By John Morton, OPIC Chief of Staff Imagine an expanse of land stretching from the Statue of Liberty to the Golden Gate Bridge in which most residents live their daily lives without a single watt of electricity. Some 300 million Americans would travel home from work on darkened streets, read at night by the light of candles, think twice about Read more…

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‘Don’t let Ebola obscure Africa’s larger promise’: OPIC’s CEO on the future of Africa

The development news outlet Devex published an op-ed by OPIC President and CEO Elizabeth Littlefield on the promise of economic growth in Africa. In her piece, “Don’t let Ebola obscure Africa’s larger promise and challenges,” Littlefield writes that America’s increased engagement with Africa comes at a pivotal moment when investors are helping build the energy infrastructure in Africa with unprecedented Read more…

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Year in review: OPIC’s top blog posts of 2014

OPIC extended its work addressing major world development challenges in 2014, supporting projects to build power plants and other major infrastructure, increase access to food and clean drinking water, introduce cleaner sources of energy, improve the quality of healthcare and help individuals lift themselves out of poverty by providing affordable mortgages to build stable homes and small businesses. We’re recapping Read more…

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Featured photo: Affordable housing in South Africa

Newly constructed homes built with investments from the OPIC-supported South African Workforce Housing Fund, are providing housing to nearly 8,000 low-income and working class families in Johannesburg. By investing in low-income housing the fund has also helped establish the affordable home sector as a viable asset class in the market, attracting further development capital to address South Africa’s housing shortage. Read more…

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Business as a force for good: OPIC celebrates another banner year

  Simpa Networks, a new OPIC client is working to provide solar power to tens of thousands of rural Indians. OPIC this week announced fiscal year financial results showing another strong year in 2014, including $3 billion in financing and insurance commitments in emerging markets, which mobilized an additional $3.2 billion in private-sector investment. OPIC also extended its longstanding track Read more…

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